What is computer accounting??

Question

What is computer accounting??

Answer 1

That's not much of a question. Why do you want to know? What is the context of your question?

I think the answer is:

Using a computer application (program) such as QuickBooks or Peachtree or any one of hundreds of other accounting programs, to keep track of business transactions, to summarize the transactions and to create organized reports from the information. The goal is to provide information the business owner can use to mazimize profits and to comply with tax reporting requirements.

The computer can add up the debits and credits without error. You still need to understand the principles of accounting in order to "do" computer accounting. When you purchase QuickBooks, you do not get a CPA cerificate along with the program. (that, you can find in a box of cracker jacks! Just kidding!)