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The Further Education and Training Awards Council (FETAL) was set up as a statutory body on 11 June 2001 by the Minister for Education and Science. Under the Qualifications (Education & Training)
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Bookkeeping manual refers to the traditional method of recording financial transactions manually, while bookkeeping computerized refers to the use of accounting software or computer programs to record and manage financial information.
All businesses, organizations, or individuals that are obligated to keep financial records are required to file bookkeeping, whether manual or computerized.
To fill out bookkeeping manually, you would need to record each financial transaction in a physical ledger using a double-entry system. Computerized bookkeeping involves using accounting software to enter and categorize transactions, maintain ledger accounts, and generate financial reports automatically.
The purpose of bookkeeping, regardless of whether it is manual or computerized, is to track and organize financial transactions, maintain accurate records, facilitate decision-making, and ensure compliance with legal and regulatory requirements.
The information reported in bookkeeping, whether manual or computerized, typically includes details of all financial transactions, such as date, description, amount, account codes, and supporting documentation.
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