Computerised accounting system — Accounting glossary

A computerised accounting system records, processes and reports transactions using software. Cloud systems can store data on external servers accessible over a network, and controls, backups and access permissions remain important. Access controls and periodic backups protect the records, while review and reconciliations help identify inaccurate or incomplete input.

Worked example

A sales invoice entered once updates customer and ledger records and can be retrieved by authorised staff.

Common mistake

Assuming automation prevents incorrect input or removes the need for controls and reconciliations.

Where it appears in your exams

Qualification	Exam	Relationship	Period
ACCA	F1	Direct	July 2027–August 2028
ACCA	F2	Direct	July 2027–August 2028
ACCA	FA	Direct	September 2026–June 2027
ACCA	K1	Direct	July 2027–August 2028
FIA	FFA	Direct	September 2026–June 2027

Related terms

Accounting records
Correction of errors
General ledger

Also called: Computerized accounting system, Accounting software system