The Effects of Technology on the Accounting Profession

Abstract Technology is something that affects each one of us casual at distinct levels. During the 20th century there induce been several(prenominal) technological advances but engineering science always has played an whole-important(a) usage in the evolution of human beings. In the quest paragraphs we concord discuss invoice information bodys, information systems, and the effectuate of technology in accounting, information technology. Computers Computers are a technology that build impacted the manner in which accounting is at a time done. Computers have eliminated the need for pencils, ledgers, and calculators. With electronic computer software and hardware it has pay off easier and simpler for the accountants to maintain records of the information so they can avoid closely of the mistakes that were commonly made. Over the bygone few years computer software and hardware have presented a considerable metre o f efficiency and effectiveness, which has changed completely the accounting phase. Peachtree Peachtree is a computerized accounting system that enables users to enter entries to subsidiary ledgers, ledgers, and journals all at the sometime.

Rather than wit cash disbursements in different ledgers and journals, Peachtree permits the information to be entered at one time in the proper journal then it allow hold stomach the entry everywhere else. With the push of a button Peachtree will also make any adjustments and closing entries at the demoralise of the period. This program produces income statement, balance sheets, statements of cash flow statements and retained net prof it statement. Peachtree also has functions! as keeping track of sent and current invoices; stay up to date with vendors, customers and employees. It can also be used to record contact information including name, phone number, address, pettish security numbers, tax information, etc. Internet Internet has shorten accounting in many important aspects. Internet is a collection of local and wide are...If you want to get a full essay, order it on our website: OrderEssay.net

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