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One of the disadvantages of manual accounting is the amount of time you must put into it. Because you don't have a computer categorizing and totaling figures, you must do this yourself. It takes more hours to do manual accounting than it does computerized accounting.
Manual accounting can seem much more tedious than computerized accounting. You have to add columns accurately, double-check your work and physically write in numbers. These routine tasks are handled efficiently by computerized systems.
Our Accounting Management System (AMS) performs the function of collecting financial data for business transactions such as shifts in inventory, changes in revenue and expenses and consequently, the generation of analysis reports that are both product and time-specific. It also generates reports showing the analysis of budgeted expenses and revenue versus actual expenses and revenue. These reports also address profit and loss statement.
Therefore, without an our accounting management solution you may never precisely ascertain if your business is really making a gain or loss; and unable to predict cash flow shortages.