Computerized Accounting System Summary

The first study, which is entitled "Computerized vs. Non-computerized Accounting System of Small and Medium Enterprises in Lipa City, Philippines:
A Comparative Analysis", is authored by Arcega et al. It was published on April 2015 in Asia Pacific Journal of Academic Research in Business Administration. The said study intends to know the performance of SMEs in relation to the use of either manual or computerized accounting system. In doing this, the researchers of the study can determine if there are any significant differences between the problems encountered and the performance of SMEs using either of the two aforesaid systems. It uses survey or descriptive research design so that the results will likely be more accurate. The questionnaire

When it comes to the form of the business organization, majority of the SMEs were corporations with a 46.9 percent while partnerships were the least with a 23.5 percent. The nature of the businesses of the respondents consists mostly of retailers followed by the service businesses with 46.9 percent and 27.6 percent respectively. On the other hand, both banking and finance and institutional enterprises were the least. Most of the enterprises had been using computerized accounting system for 6 to 10 years while there are only few of those enterprises who had been using accounting system for 21 years and above. Additionally, most SMEs use accounting softwares like SAP, Pitch Tree, Microsoft Excel, and Oracle in which they comprise 52.38 percent of all the 128 enterprises. Both ACCPAC and BOOKKEEPER were the least used accounting software. Finally, 53.85 percent of the enterprises that use manual accounting system have plans to shift to computerized accounting

With a weighted mean score of 3.15 in the assessment on the manual system, finishing the assigned job with the use of accounting system topped and followed by the system being easier to set up with a 3.0 weighted mean. However, enterprises disagree that using the system affects the decision making. In the assessment on the computerized system, finishing the assigned job with the use of accounting system also topped with a weighted mean of 3.43. The next to this is the enhancing and increasing of quality and quantity of the work with the use of accounting system with 3.42 as its weighted mean. Although enterprises agree that using accounting system affects the decision making, it got the lowest weighted mean score. The over-all assessment of using either of these systems is satisfactory. This could be evidenced by their respective composite means in which both fall to the 2.50 to 3.49 range which is