Academic journal article Journal of Accountancy

The Journal in 1979

Academic journal article Journal of Accountancy

The Journal in 1979

Article excerpt

Technology has evolved so quickly it's difficult to remember a time when computers cost thousands of dollars and were only beginning to be adopted by small businesses. Excerpted here, as part of an ongoing series of articles from past JofAs leading up to our centennial issue in October, is one of the first on computers for small business. "Microcomputers Take Aim on Small Business Clients," by Donald A. Schwartz, appeared in the December 1979 JofA.

"A small business computer, complete with fast access diskettes, video display and a good quality printer, can be purchased for less than $10,000. Two years ago, a system with an equivalent capability cost at least twice as much. It is conceivable that, two years from now, $7,000 will buy a system that has substantially more capability. Although the development of programmable microprocessors is the latest in a series of major breakthroughs, there are continuing advancements that are bringing down the cost of internal RAM, mass memory, video terminals and printers ....

"The retail pharmacy is one of the many types of small clients that are being targeted by the microcomputer industry. Other small business systems that are being advertised include property management for real estate concerns, patient scheduling and billing for physicians and dentists, order entry and inventory control for wholesalers, word processing for law offices and client write-up systems for accounting practitioners. There are also a sizable number of general bookkeeping systems that incorporate modules for accounts receivable, accounts payable, payroll, general ledger and often inventory, order entry and sales analysis as well. …

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