A Brief History Of Accounting

Accounting has existed since the first instance one of our ancestors wrote about

the time he exchanged a few shiny shells he found in a river for a hand of bananas. As delicious as this ancient bargain was for our Neanderthal forefather, the art of recording and keeping track of transactions have grown infinitely more sophisticated since then.

More than seven thousand years ago, early civilizations started keeping track of changes in their herds and crops using primitive clay tokens and clay tablet records. This innovation with bookkeeping represented an enormous intellectual achievement for humankind. The Romans later codified and expanded the existing bookkeeping techniques and collected them. They kept giant archives of papyrus to record every transaction like fines and tax payments in their Empire.

Islamic mathematicians later pioneered new algebraic concepts that furthered the development of more accurate accounting. Their influence continued up to and beyond the Italian Renaissance. The invention of double entry was another revolution in accounting methodology. It was a system where no money was ever lost or gained in a transaction but only transferred from one place to another. Luca Paciolis treatise on bookkeeping in 1494 laid the groundwork for double entry concepts we still use today.

In more recent times, modern technology has changed how accountants function. Larger companies with greater amounts of data to process have turned to computers to help them cope with the deluge of information. There are many readily available accounting software suites in the market for this purpose. One of the best is Sages Peachtree Quantum.

Peachtree Quantum is choked full of comprehensive and powerful accounting features to help any business operate at peak efficiency. You are able to track shipments, do inventory, payroll and workflow, security modifications and many more. It also allows you to integrate your work with other common office software like Microsofts Word, Excel and Outlook. The program also supports multiple specialized modules designed for specific industry needs like construction or manufacturing. Since the application is aimed at mid to large sized businesses, each license allows for up to forty named users at a time.

If you feel that Peachtree Quantum is overkill for your small enterprise, there are numerous less expensive alternatives that can fit your requirements. Peachtree variants like First, Pro, Complete and Premium all share Quantums mark of excellence at a more lightweight and accessible package.

by: Darcy Grubaugh

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