LUKA PACIOLI

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

ROLE OF TECHNOLOGY IN

ACCOUNTINGTASNIM SHAHID

16211066

Equipment

Software

Internet

Security

Education

Equipment

SOFTWARE

Bob Frankston

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

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

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.

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

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.

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%

Internet

Cloud Computi

ng

E-Busine

ss

Mobile Working

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Analysis

Reduce the margin of Error

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THANK YOU

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