How Bookkeeping Has Changed With the arrival of computers and accounting software, bookkeeping errors decreased and efficiency increased. For example, the accounting software will refuse a journal entry if the debit amount entered does not equal the credit amount entered. Further, because journal amounts are posted electronically and account balances are calculated electronically, the potential for human error in these tasks is eliminated. Since most entity needs to be technologically compliant to stay relevant and up to date, our focus will be on the automated office set up. After having the necessary office documents in place, it is time to get down to the main business. The first line of action is setting up your chart of account; The chart of accounts consists of two types of accounts: (1) Statement of financial position formerly known as balance sheet accounts, and (2) Statement of comprehensive income formerly income statement accounts. Account categories a...