This means that they could adopt a computerised accounting system to deal with financial transactions and many staff can help them do this these transactions. Computerised Accounting system can benefit them because they can do all their calculations in the computer which helps them to do their work quickly. Rumble is a small business so they will have less staff. On the other hand If Rumble did not have many staffs this means they won’t need to adopt a computerised accounting system because it is too expensive and also manual accounting system could help them instead if they had less staff. In this case Manual accounting system is easier for them to handle with their calculations through sales day book, petty cashbook and cashbook.
In my opinion, I do not agree that the Internet does more harm than good. In this essay, I will be talking about the positive effects that the Internet has brought for us. The Internet brings many advantages for people because of its convenience and popularity. Through the Internet, people can now do banking online, instead of having to head down to their respective banks. A survey conducted by Rosetta, one of the United States' largest digital and direct interactive agencies, showed that 52% of respondents said their bank’s website is their primary method of banking, while only 32% said that the branch was their primary method of banking.
The education of the population also contributes to the increasing use of internet banking since more and more people are interested to learn more about it. Technological forces Ciitbank is moving towards an advancing technological environment which has greatly promoted the use of internet banking. One of the most important factors is the internet service which has been improving year by year in terms of speed and quality. Citibank has also come up with several internet security tools which have given the confidence to the users to use the internet banking facility without the fear of being hacked. Economic forces The condition of a country’s economy has minimum impact or no impact on internet banking.
Shopping using the Internet also overcomes the time and financial costs of traditional shopping; shoppers can shop from the comfort and convenience of home, and need not travel to physical storefronts. With online shopping, shoppers no longer have to suffer the costs and incomplete information of traditional search, making product searches easier and more effective. . Simply by viewing different vendor websites, shoppers are able to obtain and compare prices easily, as compared to visiting different physical storefronts, which is costly and time consuming. With price information on the Internet, shoppers are less vulnerable to overpaying when buying from
Unfortunately in smaller towns and villages we are given only the most important things to buy and this is very annoying and some people do not have the opportunity to go and do shopping in bigger cities. One of the examples of mine is that I use low carb and sugarfree products and I can only buy them online. As I have added some of my own examples it is evident that I am among those people
One of the negative qualities of e-commerce is that it does not provide the instant gratification that consumers are seeking. The time that it takes for an item to be shipped after ordering online does not satisfy the need to have a product right at their fingertips. Another downside is that shopping among brick and mortar companies allows the consumer to interact with people. The social aspect of shopping is a big part of the reason people shop. The third downside is that online,
You can visit an ATM and use your debit card to automatically draw local currency; the conversion and associated fees will appear on your bank statement. Using a debit card can help you stay within your budget because the card takes money from your checking account. When you're out, you're out. Debit cards are small and easy to carry safely. Cons- Your debit card may not work in all ATM machines at your destination, so you’ll need to bring a backup debit or credit card.
Statics were easily available to the accountants and managers to know how the business was doing. Programs, such as excel, came and helped the business become more independent on accuracy for the accountant. This helps eliminate errors and other problems that occur in accounting. In the banking organization that comes to mind, they started off with books that keep records of each person’s account. There was no way of going out of town to other banks and getting money from your account, because that bank would not know what was in the
This also benefits financial institutions by eliminating unnecessary employees, thus saving them time and money. Another positive benefit is that online banks do not need to pay overhead expenses of maintaining a location, so that means no high account fees or high set minimum deposit limits. The customers that use the ebanking service will save money in a way of higher yields on investments, lower account fees, and lower minimum deposits to open accounts.
People living in other cities then where there work is, can work from home, a café, a hotel or even while they are on the road using the internet and complete their daily work task without physically being at the office. The elderly can now order groceries over the telephone, through the internet and even talk to family and friends without having to set a foot out of their homes. Another item that has made our life so much easier is calculators that were invented years ago to help people with calculations without having to use rocks or sticks to count. One thing that has saved time tremendously is the Gautrain in Gauteng which takes people to their work areas in 15 min depending on the distance bypassing traffic, saving petrol costs and an overall safe and easy trip to and from work. The use of petrol and the risk of being a crime victim can be minimized by doing online shopping.