John Honey and Acorn's History and Money

webcommentary ^ | October 1, 2009 | Michael J. Gaynor

[Zathras]

Just an excerpt:

"Dear Rick (of your comment of 8/19 at (9:08 pm): Answers to two questions: (1) After 1988, with the resignation of the very competent Sue B., the accounting system quickly disintegrated. There were no computers. It had all been done by hand. Sue had trained a payroll clerk and bank reconciler, JoAnn B., who had learned to make payroll tax deposits, quarterly payroll tax reports, individual earnings records and annual W-2 forms and reports. But all cash and general journals and ledgers fell behind and contained thousands of uncorrected errors due to inability or failure to hire enough accountants with the capacity to cope with the challenges.

[Zathras]

Long but worth the read. They don't use computers for record keeping. Everything is done by hand.

[Trick or Treat]

What a nightmare!

[Clinging Bitterly]

b2rl