What is Accounting Technology?
Bookkeeping is accounting. So is balancing your checkbook. But accounting is a good deal more than that. Accounting is tracking (accounting for) all of your assets, not just the cash. Accounting tells companies how much they need to charge for their products so they will make a profit. Accounting warns a company that its profits are slipping. Accounting makes sure the right people get billed the correct amount at the proper time and are credited for their payments accurately. Or, more importantly to most of us, accounting makes sure everybody gets paid the correct amount on payday, every payday! Accounting makes sure public records are accurately kept. It helps individuals and companies pay their taxes properly. It shows companies what they are doing with their money so they can find better ways to use it. It also shows investigators that crimes are being committed and by whom. With the development of computers and software, the ability to collect and manipulate financial data has made
