Not all accounting systems operate the same way. While most accounting systems capture basic income and expense data, whether manual or computerized, the system used varies by the type of business.

Manual accounting systems have been around since ancient scribes began keeping records of taxes, tribute and temple inventories. Computerized accounting systems are barely two generations old, but ...

Liz Simmons is an education staff writer at Forbes Advisor. She has written about higher education and career development for various online publications since 2016. She earned a master’s degree in ...