ACCOUNTING FOR BUSINESS

The Administration Department came first followed by the Sales Department in second place.  Now, the third and last major manifestation of a business is the Accounting Department.  Every business needs an Accounting Department.  It's how a business can find out if it is making any money or not, and where the money is going.

ACCOUNTING DEPARTMENT HISTORY

In the old days, the Accounting Department kept their accounting records in columnar books or accounting worksheets.  As the old accounting parlance goes, "It's all in the books!" 

Nowadays, the Accounting Department uses computers to calculate and store all accounting records.  They still do make printed reports or computer printouts of their accounting records, but mostly to make official documentations of accounting reports.  Also, they make printed reports for business communications with other departments and, of course, with their business clientele.

ACCOUNTING SOFTWARE PAST AND PRESENT

Back in the 1980's, the big thing in writing accounting reports was the IBM Lotus 1-2-3 spreadsheet software.  But as computers started using Graphical User Interface (GUI) like Microsoft Windows, Microsoft Excel became the bestseller among spreadsheet software.  Other spreadsheet software like WordPerfect Quattro Pro and accounting utility software like Quickbooks tried to get the most share of the market, but Excel remained the standard for accounting software to these days.

Of course, should the Internal Revenue Service (IRS) questions any of your accounting data, you can still say that old accounting parlance, "It's all in the books!"

Knight in Business 4.3.2013