Affects of Technology on Accounting

In: Business and Management

Submitted By aliciam101
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Alicia Mazenkas Cythia Bus251 May 3, 2011 Pros and Cons of technology and Accounting I have been doing accounting for the last 13 years. When I started I would enter everything by hand on paper. I would have to figure payroll time cards and all the taxes with a calculator and enter them in the proper columns. I would hand write payroll and account payable checks, along with filing all the proper forms. This would take me several hours and days. Now with all the technology in the world and all the programs for accounting, bookkeeping has become so much easier. What use to take several hours for one or more person now only takes a fraction of the time to complete, all you have to do is just plug in the numbers in the program you are using and the computer does the rest. Entering all the numbers in to the computer also makes for more accuracy and more productivity. The technology world has made it with computers, printers, fax machines and the ease of sharing information over the internet. The cost of owning such items has become more affordable so that even a small company can take advantage of all the resourses. Along with all the equipment available there are also many different programs available: from the simplest programs to the more soficicated. Quicken has become a very affordable and sought after program for the home for personal bookkeeping along with Quick Books for small and large businesses.

Alicia Mazenkas page 2 There are programs to do spread sheets and programs that put all the information together to allow the account to print out reports and file taxes. Through the internet some companies offer their services on line so you don’t even have to purchase or download a…...

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