Today's Accounting Package Leaders Navision, Sage, Quickbooks, Sap Business ...
Today's Accounting Package Leaders Navision, Sage, Quickbooks, SAP Business One ,Oracle, Microsoft Small Business Accounting ,Accpac Advantage 5.3 etc are amongstthehundreds of Accounting packages out there today.
Moving on , from our definition of the various Accounting processes
Collecting of Data Recording of Data Analysis of Data Summarizing of Data
Technology represents an ideal tool to carry out these procedures within the information Technology concepts from right when the First desires of Technical minds to manipulate data within the confines of each process of the Accounting definition. For each Accounting process we can come up with a relevant & corresponding Technological tool that has faced the test of time to be what it is today.
Collecting of Data:
Computers collect data very well but from inception they have not done that very nicely .In short collecting data for the early computers was an uphill task that required extremely cumbersome processes As only recently has accounting moved away from the age old Bookkeeping practices of Manual Ledgers, Invoices, Cash books ,Trial balances, Tax preparation forms etc become prone to such factors as integrity, Consistency & Relevance . Recording of such Data was also a gargantuan operation as the era of human Data entry operators posed a threat to the fluidity of systems processing. This was based on factors such as Human Efficiency and man's ability to be prone to errors. Today these are issues of the past. Effective Data Collection has been proved to not only be achievable but can be done in an assembly line mode where entries like Tax forms and pay slips , etc can be generated electronically from the internet and via email etc. Electronic Ordering and invoicing is the norm with the overwhelming usage of Credit/debit Cards and other forms of Electronic payments thereby reducing the clutter and cost of paper commercial transactions.
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