Sun 15 Dec, 2002 05:26 pm
In the wake of corporate accounting scandals, a number of manufacturers are developing computer software that will help identify fraudulent business practices. The software spots unusual activity, and can generate sophisticated reports:
Link to Article About New Accounting Software
What do you all think of this?
Since accounting is my business, I'm very interested, Phoenix. Off to check it out now.....Thanks!
Just sent the article off to the owners of my hotel.
Very interesting and welcome article.
Rae- Anything that would discourage corporate skullduggery would be most welcome.
I have used Peachtree Accounting software in two different situations, and two different versions of it.
As long it is possible to keep two different set of books, I don't believe that any software can touch the problem.
Also, if the people at the top of the accounting function in a corporation are responsible for buy/no buy decisions, then they will know in advance all the great new features that will blow the whistle on fraud, as the software manufacturer will be hyping it.
No substitute for honesty and principles, I'm afraid.
I agree, sumac.
In my old job, I used AccPac, and loved it. In this job, we use QuickBooks Professional. I don't like it, but, I'm still trying to get used to it.