Role of Technology in Accounting
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Transcript of Role of Technology in Accounting
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LUKA PACIOLI
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Latin word Computare
Recording & reckoning of numbers
Mesopotemia- 7000years ago
13th Century- Double entry Bookkeeping
1760- industrial revolution
First technology used in 1870’s- Cash Registerer
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ROLE OF TECHNOLOGY IN
ACCOUNTINGTASNIM SHAHID
16211066
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Equipment
Software
Internet
Security
Education
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Equipment
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SOFTWARE
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Bob Frankston
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In the spring of 1978, a Harvard Business School student, Dan Bricklin, came up with the idea for an interactive visible calculator
VisiCalc went on sale in November of 1979 and became immediately a big hit
In 1981, Software Arts made over $12 million in royalties from VisiCalc
In 1983, Lotus 1-2-3 was released. It was available exclusively for the IBM PC and other MS-DOS computers
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Intuit was founded in 1983 by Scott Cook and Tom Proulx in Mountain View, California, USA
The software soon claimed up to 85 percent of the small business accounting software market
By 2000, Intuit had developed Basic and Pro versions of the software and, in 2003, started offering industry-specific versions
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Versions for manufacturers, wholesalers, professional service firms, contractors, non-profit entities and retailers
Improved income tracker, pinned notes, improved registration process and insights on homepage are some of the general changes for all versions of QuickBooks 2015
QuickBooks 2016 contains several improvements to the existing ones and new features such as batch transaction, bill tracking, continuous feed label printer support, and batch delete/void transactions etc.
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Remote access capabilities, remote payroll assistance and outsourcing, electronic payment functions, online banking and reconciliation, mapping features through integration with Google Maps, marketing options through Google, and improved e-mail functionality through Microsoft Outlook and Outlook Express
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SAAS (Software as a service) Accounting
Software as a service (SaaS) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. It is sometimes referred to as "on-demand software".
The term "software as a service" (SaaS) is considered to be part of the nomenclature of cloud computing.
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1.It is Web-based
2.Secure hosting locations
3.Clients and accountants collaborate on the same
information
4.For most companies, moving to the Cloud reduces IT
expenses from between 30% and 70%
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Internet
Cloud Computi
ng
E-Busine
ss
Mobile Working
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Security
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Education
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Analysis
Reduce the margin of Error
More strategic Training
Need IT skills
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THANK YOU
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