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Article #373: Why Use Accounting Software?

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Accounting is the measuring, and variations of these; all of these
disclosure or provision of assurance functions are greatly assisted by the use
about information that helps managers and of various accounting software programs.
other decision makers make resource Accounting is tied to the invention and
allocation decisions. dissemination of the double entry
How to become an Accountant. bookkeeping process.Different Accounting
Accountants in the US are called Software Solutions available today:
Certified Public Accountants and in the ACCPAC web-based accounting, launched the
UK and Canada are called Chartered ACCPAC Online web site in 1999 which
Accountants. Chartered Accountants in allows end users to run ACCPAC from a
Canada are expected to know all US CPA simple browser for a small monthly rental
knowledge as well as a Canadian fee.
Accounting body of knowledge. Intuit's QuickBooks for the Web
In order to become an Accountant an represents a new product from scratch.
undergraduate degree is required and then Microsoft Small Business Manager is a new
a period of articling is required which player on the block which is a scaled
can take as long as 5 years with down version of Great Plains Accounting
gruelling exams and an exhausting series Software. Netledger centralized net
of finals. computing renamed Oracle Small Business
In her notes compiled in 1979, Professor Manager Peachtree.
Linda Plunkett of the College of This product was the older Peachtree
Charleston S.C., calls accounting the Office Accounting product and is also a
"oldest profession"; in fact, since web-based solution. In 2000, Peachtree
prehistoric times families had to account added a web-based module to its' flagship
for food and clothing to face the cold Peachtree Complete Accounting product
seasons. Later, as man began to trade, we called Peachtree Web Accounting.
established the concept of value and SAP mySAP - web-based accounting
developed a monetary system. featuring a limited number of SAP
Evidence of accounting records can be modules.
found in the Babylonian Empire (4500 So it appears that there are 2 different
B.C.), in pharaohs' Egypt and in the Code types of Accounting Software:
of Hammurabi (2250 B.C.). Eventually, Web Based Accounting: which is one
with the advent of taxation, record application on a Web Server running
keeping became a necessity for everybody's application.
governments to sustain social orders. There are of course advantages and
Perhaps the most significant benefits to disadvantages to this type of
contemporary accounting has been the application, immediately coming to mind
introduction of computer programs to is confidentiality and the security of
assist in the accounting function. the Servers being used as well as
Computer programs were introduced in possible breakdowns.
business and government organizations in Advantages are of course in being able to
the 1950s, and the most important use unlimited Server Resources. And then
applications of computers have been in there is PC Based accounting which
the areas of record keeping, balancing , everybody has tried and is Bill Gates
and transaction recording. favorite.
Accounting uses various bases of Advantages;
measurement, mainly the cash basis, the In-house control of everything but
accrual basis (or historical cost) and subject to limited resources.






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