QuickBooks

Some accounting processes that QuickBooks automate is balance sheet and income statements, sales reports, accounts receivable reports, purchasing reports, accounts payable reports, account registers, customer and vendor reports, inventory reports, and payroll reports.


Computerized accounting systems has changed the way accounting is done by saving time and effort, eliminates mathematical errors and allows much more timely information rather than doing it manually.

Yes it still is necessary to understand accounting when using a commputerized accounting system because there are differences the way they are used. Granted, the computer might do all the mathematical problems for you, but you still have to understand why it is doing that. Its harder to do it manually, but you would probably get a better understanding of how it works other than the computerized system. You have to understand accounting either way: computerized or manually.

http://e-articles.info/e/a/title/The-steps-of-the-accounting-cycle-and-computerized-accounting-systems/
http://www.qbalance.com/AutomatedAccounting.htm