Computerized Accounts, Receivable Accounting and Financial Performance of Supermarkets in Port Harcourt
1BRIGGS, D. AND 2BAMSON, T.J.
1Department of Accounting, University of Port Harcourt,
Nigeria
2Chartered Institute of Purchasing and Supply Management
of Nigeria (Rivers State Chapter)
E-mail: michaelbriggs4real@yahoo.com,
bamsontamunoene@yahoo.com
ABSTRACT
The paper examined Computerized Accounts Receivable Accounting
and Financial Performance of Supermarkets in Port Harcourt. Computers are
machines or electronic devices that can do billions of computations at very
high speed, analyze business and do a lot of office duties when programmed.
Computer systems can shorten the lead time needed by accountants to prepare and
present financial information to management and stakeholders. The need for
supermarkets to be reliable and efficient in service delivery is very
important. Hence, computerized accounting system can boost efficient
performance in supermarkets and enable them to compete favourably in the
business environment. The paper concludes that a computerized accounts
receivable accounting is the application of computers in the management of
credit involving accounts receivable that is entered into by retail firms and
their customers. Retail firms have routine accounts receivable issues with
their numerous clients. Thus, the use of computers makes it easy and efficient
for the firms to manage their accounts receivable. Therefore, the paper
recommends that supermarkets should use computerized accounts receivable system
in order to have easy and efficient business transactions with their teeming
customers.
