There’s nothing inherently wrong with manual accounting systems, but as companies grow, they require significant time and resources to manage. That’s because accounting consists of so many separate but interrelated activities, such as accounts payable and receivable, payroll, invoicing, inventory accounting and the general ledger. With manual accounting, not only is each activity often handled by separate employees, but manual data entry into separate systems also carries a greater potential for inadvertent errors and inconsistencies. An integrated accounting system connects these various activities and automates processes and workflows, which makes the accounting process significantly faster and more accurate.