Jan 8 2009

Accounting Systems: to report history or to help forecast the future?

When I entered the accounting profession, financial statements were typed in word processors and spreadsheets were done on 13-column paper.  Really not so long ago, but getting a financial statement was truly an “event”!

Now basic accounting systems, like QuickBooks Pro costs under $200 and financial statements (canned out the accounting software) are instantaneous.

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