Accounting is carried out on computers …. and increasingly on cloud based systems for smaller firms.
Read this article about the current float of MYOB
Accounts are managed by firms using a range of software packages. These include cloud-based software such as MYOB (‘Mind Your Own Business’), Xero, or ReckonOne for small and medium size businesses. As well as packages such Oracle E-Business Suite, ERP, SAP, Oracle Hyperion and SQL for larger businesses. As accounting is moving to the cloud, people in business are increasingly able to access their accounts wherever they are.