Financial Computer Software Company History Timeline


Centuries later, in 1854, the first professional organizations for accountants - the Edinburgh Society of Accountants and the Glasgow Institute of Accountants and Actuaries - were established in Scotland.


Members of these early organizations could refer to themselves as “chartered accountants.” In 1887, the American Institute of Certified Public Accountants was established.


Hollerith took the punch-card concept into private industry when he founded IBM. By 1907, businesses were using punch-card machines for accounting.


In 1955, a UNIVAC began running payroll for one of General Electric's factories.


1978 saw the birth of Visicalc, the first spreadsheet software.

Also in 1978, Peachtree Software introduced an accounting software package for the early personal computer.


The first online bookkeeping software for the masses was offered by Peachtree in 1981 with an integrated office suite including a standard word processor and a spreadsheet.

A graduate of Oberlin College, Fraser Sherman began writing in 1981.


In 1983, Intuit launched the Quicken line of accounting software for individuals to use.


By 1985, PCs and accounting software has become an integral part of many business offices worldwide.


In 1998, Quickbooks was launched.


These first examples of accounting from Mesopotamia and Egypt date back to between 3300 and 2000 BCE.

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