A Cursory History of Accounting

History of AccountingWhat do you think of as the oldest occupation on earth? Does your mind immediately go to Rudyard Kipling’s coined reference as the oldest profession in the world – prostitution? Maybe so, but who accounted for the trade? If there was an exchange of goods, then there had to be an accounting in one form or another, albeit very basic. Accounting has simply been a practical matter of keeping track of exchanges for as long as there were things to trade.

Evidence of accountancy has been traced back to the times of ancient Mesopotamia.  Before the era of modern luxuries like the ones provided by Dayton plumbing contractors account tracking was a much less detailed process. Accounts showing expenditures and goods received and traded that are estimated to be over 7,000 years old have been unearthed. Auditing records have been found in the ancient ruins of Egypt, Assyria, Sumeria and Babylon. People relied on primitive methods to account for crops and herds.

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Using Accounting Software Trends

Accounting TrendsWithin the accounting industry it’s critical that practitioners stay current on developing trends. It’s not always easy, but consider it a part of the job. It’s a necessity to be sure you are making use of every advantage and opportunity that software technology offers.

Although you can’t incorporate the work of Dayton towing services into the mix just yet, there are other impactful trends that are redefining the work and helping you stay ahead in a competitive marketplace.

With the emergence of cloud based technology a few years ago, it was wise for accounting firms to transition over to the cloud in order to assure security, lower costs, no down time and stronger core competency.

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