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Not to be confused with Accountability software.
Accounting software is a computer program that maintains account books on computers, including recording transactions and account balances. It may depend on virtual thinking. Depending on the purpose, the software can manage budgets, perform accounting tasks for multiple currencies, perform payroll and customer relationship management, and prepare financial reporting.[citation needed] Work to have accounting functions be implemented on computers goes back to the earliest days of electronic data processing.[1] Over time, accounting software has revolutionized from supporting basic accounting operations to performing real-time accounting and supporting financial processing and reporting.[2] Cloud accounting software was first introduced in 2011, and it allowed the performance of all accounting functions through the internet.
^Kircher, Paul (1955). "The need for integration of accounting systems and the design of electronic data-processing systems". Proceedings of the March 1–3, 1955, Western Joint Computer Conference (AFIPS '55 (Western)). Association for Computing Machinery. pp. 26–28. doi:10.1145/1455292.1455297.
^Astuty, Widia (2015-06-30). "An Analysis of the Effects on Application of Management Accounting Information Systems and Quality Management Accounting Information". Information Management and Business Review. 7 (3): 80–92. doi:10.22610/imbr.v7i3.1156. ISSN 2220-3796.
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