Transcription of The Accounting Cycle Completed
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The Accounting Cycle Completed
A. THE BIG PICTURE. The Accounting Cycle Completed . ccountants have come a long way from the old stereotype of bean counter a pale figure with a green eyeshade who tends cloth-bound ledgers and 5. Simply or Peachtree Accounting software. They don't have time to learn how to use it, much less use it correctly. Many also can't afford to pay a full-time accountant to do their books. Enter the new account- ing software consultant. These accountants are form- ing different kinds of relationships with clients, even to the extent of teaching them what has historically been the job of the accountant.
TAD accomplishes the entire accounting cycle using the accounting software of the client’s choice. For the first step of the accounting cycle, which you learned in Chapter 3, TAD gets clients to scan their in-voices, bank statements, and other source documents into their computer. TAD even provides the scanner free of charge to high-end clients.
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