Of course, those functions need not be accounting functions, they could be the most complex of scientific and/or engineering functions!! And, changing the value of a single cell could be calculated into the output of any number of "dependent cells...
For those of us scientists/engineers who comprehended what Joe was saying, we followed his lead and moved into a totally new realm of computational power!
I must admit, VisiCalc forever expanded my concept of the accessible, practical power of computational mathematics -- right in the hands of the end user. (No stacks of punch cards needed...)
Or teletype paper tape. We had little tools for punching holes in the medium by hand when the need arose. These were called ‘chicken pluckers.”