Hap owns and operates a small business with only four full-time employees and less than $500,000 in annual sales. He currently uses a manual accounting system and relies on a part-time bookkeeper to keep his records in order. In evaluating the possible adoption of a computerized accounting system, Hap will probably discover that:
A) the expense of setting up a computerized accounting system would not be affordable at this time.
B) he would be better off hiring a full-time accountant.
C) he could benefit from adopting such a system, but should also consult with an accountant for advice about what's best.
D) a computerized system would be affordable, but that he would have little need for it unless his company became significantly larger.

Question

Quizplus · Accepted Answer

Hap could benefit from adopting a computerized accounting system, but should consult with an accountant for advice about what's best. The accountant can provide guidance on selecting an appropriate system and ensure that it is properly set up and integrated with the company's processes. Additionally, the accountant can provide ongoing support and advice as the company grows and its accounting needs change. While the initial cost of implementing a computerized system may be a factor, the benefits in terms of accuracy, efficiency, and ease of use may outweigh the cost in the long run. Hiring a full-time accountant may not be necessary for a small business like Hap's, and a part-time bookkeeper may still be needed to enter data and perform other tasks.

Hap Owns and Operates a Small Business with Only Four