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Manual vs. Automated Accounting: What’s the Difference

Accounting Seed

Even in the 21st century, it’s still possible to do your bookkeeping with paper spreadsheets or account books. If manual accounting works for you, nobody can force you to change. Accounting standards are the same whether you use ledgers or laptops. What is a Manual Accounting System?

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Accounts Receivable (AR) Automation: The Solution To The Collection Problem

Accounting Seed

Transactions recorded in AR add to your sales revenue but not to your cash flow statement. Managing Accounts Receivable Manually If your accounting system is on a cash basis, AR isn’t an issue. If you use accrual accounting, you record transactions as soon as you earn the money.

Account 52