This document discusses the history and role of technology in accounting. It begins with Luka Pacioli, who established double-entry bookkeeping in the 15th century. It then discusses the development of accounting technologies over time, including the cash register in the 1870s. The document focuses on the impact of software and the internet on accounting in recent decades, highlighting the development of accounting software programs like VisiCalc, Lotus 1-2-3, QuickBooks, and cloud-based SaaS accounting. It also briefly discusses how technology has impacted areas like security, education, and remote work in accounting.

1. LUKA PACIOLI

2. 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

3. ROLE OF TECHNOLOGY IN
ACCOUNTING
TASNIM SHAHID
16211066

4. Equip
ment
Softwa
re
Interne
t
Securit
y
Educat
ion

5. Equipme
nt

6. SOFTWARE

7. Bob Frankston

8. 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

9. 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

10. 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.

11. 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

12. 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.

13. 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%

14. Internet
Cloud
Computing
E-Business Mobile
Working

15. Security

16. Education

17. Analysis
Reduce the
margin of Error
More strategic Training
Need IT skills

18. THANK
YOU`