7 Advantages of Rollaacademy Manual Accounting Classes

1. 7 Advantages of Rollaacademy Manual Accounting Classes Up until the introduction of fast computers and processing systems around the 1980s, accounting was done manually. Entry, tallying, modification of data was done by bookkeepers and accountants’ hands. A manual accounting system can be very simple like maintaining a single-entry ledger or very complicated like a double-entry system used to keep records of multiple accounts. While automated accounting softwares are widely popular in today’s market, a manual accounting system still has its place and advantages. So RollaAcademy Provided you best training of Manual accounting classes, Let us go through some of these advantages: Cost: For the simple fact that automated softwares do not come cheap, many people prefer to do the accounting themselves rather than spend the money. There are many small scale businesses that have lower up front costs compared to a complex accounting software.

2. Simplicity: Consider a small scale business with a sole proprietor. A full fledged automated accounting software comes with a ton of features installed, many of which the business might not even need. So it can make sense for a business owner to manage the records and financial activities himself and do his own books to provide simple, straightforward information. Moreover, it is also possible that such a small scale business might not even have many financial entries to make and wants to keep accounting simple. Transparency: When we use computerized softwares, we deal with digital files stored on servers. These files can be very easily modified or deleted by a person with access to them or by the way of hacking, which is quite common. We hear of such hack attacks frequently in the news. Moreover, keeping a track of these changes can be very difficult, since a competent person can work his way around by hiding the changes. In the case of manual accounting, you can say if any change has been made or not. For example, if a pencil was used to make changes, erasures are easily noticeable. If a pen was used, the original data would have to struck over first. The difficulty of hiding changes makes manual accounting safer in some cases and establishes transparency. Accessibility: Manual accounting has a simpler process for an authorized person to access data. You simple grab the book and look at the data. In the case of computerized softwares, the person might need specific privileges to access the information. For example, a business owner with a large scale business might want to go over the financial activities of the last period. He probably would have to ask his accountant or someone else to fetch that data and provide access to the information. That could be a time consuming process, which is completely avoided in the case of manual accounting. Duplication: Duplication of data when using an automated software is very much possible, creating unintended copies and using an outdated set of numbers. With manual accounting coaching classes, you simply have a book with your data in it. Duplicating that would have to be a very involved process and highly unlikely to occur without the intention. Durability: Manual accounting systems can be more durable than automated ones, in the sense that you can maintain hard copies of original records. Computer files can be erased in the event of a computer mishap or a cyber attack. These do provide the slight inconvenience of keeping copies of the records

3. since you have to manually photocopy each one, but we have seen countless instances of companies losing years worth of data due to cyber attacks. Ease of use: There are people who might not have received computer education or are inexperienced with their usage, thereby not feeling comfortable with using a computerized software, specially when they believe they can function just fine without using one. This is commonly prevalent in old small scale established businesses. There might be the possibility of hiring specialists to keep their financial records and who have expertise in using such softwares, but there are owners who do not want any outside involvement and therefore prefer to keep the accounting job within the family. Company:- Rolla Academy Website:- http://rollaacademy.com