All 26 Computerized Bookkeeping questions
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How does accounting software handle VAT? What is data backup and why is it essential in computerized bookkeeping? What skills does a bookkeeper still need despite using software? What is a nominal (general) ledger code and why is it used? How does software help with VAT returns? What does 'Making Tax Digital' (or similar digital tax rules) require? What is the chart of accounts (nominal codes) in accounting software? How does bank feed and bank reconciliation work in accounting software? How are errors corrected in computerized bookkeeping compared with manual? What is cloud accounting and how does it differ from desktop software?
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What is a batch versus real-time processing in bookkeeping software?

Beginner

Answer

Real-time processing updates the ledgers immediately as each transaction is entered, so reports are always current. Batch processing collects transactions and posts them together at intervals. Most modern cloud systems are real-time, giving up-to-date balances and reports at any moment.
Real-world example Cloud software updates the trial balance the instant an invoice is saved (real-time).

Common follow-ups: Which keeps reports always current? | When might batch processing be used?

Trial Balance Books of Prime Entry Computerized Bookkeeping
All 26 Computerized Bookkeeping questions