Nearly 45 years ago, the first accounting software package, Peachtree Software, was introduced for personal computers. No longer was computerized accounting available only to companies that could afford to purchase a mainframe. Within a decade, computers and accounting software became integral to running a business.
More recently, companies have moved their formerly on-premises accounting to the cloud. In fact, Gartner predicts that more than half of enterprise IT spending will shift to the cloud by 2025. That shift is about more than simply where a company’s accounting data resides. It’s shaping the future of accounting.