Diego owns and operates a small business with only four full-time employees and less than $700,000 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, Diego 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

Computerized accounting systems have proven to be especially helpful for small-business owners who often lack any strong accounting support within their companies. This appears to be the situation facing Diego. However, Diego should also realize that no computer program has yet been developed that makes good financial decisions. Thus, advice from an accountant would also be beneficial.

Diego Owns and Operates a Small Business with Only Four