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Tax Date
Pascal designed a machine for the purpose of processing tax dates. -
The American Accountant
Written by Benjamin Workman, the American Accountant is the first known U.S. accounting textbook to exist. This book primarily contained the fundamentals for accounting along with educational tips for scholars. -
Tabulating Machine
The invention of the tabulating machine, created by Herman Hollerith, was designed to use punch cards to tally the 1890 U.S. Census. This started the history of computerized accounting. -
The Adding Machine
William Burroughs successfully invented the first practical device known to calculate numbers, referred to as the Adding Machine. -
U.S. Income Tax Act
Also known as the Revenue Act of 1913, the U.S. Income Tax Act was re-imposed, lowering tax rates from 40% to 25%. -
Modern Cost Accounting
A technique called Modern Cost Accounting was created by Donaldson Brown, Controller, and Chairman Alfred Sloan of the General Motors company. These techniques were later used by large businesses as an efficient way of accounting. -
The First Typewriter
The first typewriter was released to the public and became a form of recording notes and numbers. This was the beginning to less handwriting and more typing. -
U.S. Securities and Exchange Commission
As an agency of the U.S. federal government, the Securities and Exchange Commission was formed to hold responsibility for all security laws and industries, stock exchanges, and various other activities and organizations. -
UNIVAC I
The first commercially successful computer, known as the UNIVAC I, was announced to the public. -
The First Printer
Developed by Remington Rand, the first computer printer came to use and spread rapidly throughout the world. More worksheets were printed, continuing the decrease in handwritten notes -
Pocket Calculator
The smallest version of the calculator was released to the public, intitially selling for $100. -
VISICALC
VISICALC, the first creation of a computer spreadsheet program, was created and adapted with all personal computers around the world. This was the beginning of a new era for online accounting. -
LOTUS 1-2-3
The LOTUS 1-2-3 became the newest update as a computer spreadsheet. This program took over VISICALC's place as the most popular spreadsheet program. -
Quincentennial
The 500th year anniversary of modern accounting -
Internet Availability
The first full Internet service became available on mobile phones, along with a downloadable accounting software that syncs with computers.
