The Modern Office
Posted on January 31, 2019
ACCOUNTING machines have become as almost a familiar sight in today’s office as the ubiquitous typewriter. And with good reason. With more and more improvements being added to them each year, accounting machines are now doing more than ever. Not only do they provide up-to-date posting of hard copy records such as statements and ledgers but some also handled the same work as data processing machines. And although these machines were originally designed for large organisations, medium-size and small businesses alike now find it practicable to do all or part of their record keeping by machine.
What does an accounting machine do? Basically its function is to post an account and to work out the necessary balance extensions. It combines the abilities of a typewriter and an adding machine. Such a machine has to carry multiple registers if checks. and analyses are to be made simultaneously with each entry, and a cross, footing device is required for horizontal adding purposes.
All kinds of machines fitted with a carriage and a keyboard, which can be used to enter reference information plus statistical and financial data for a transaction into a card type ledger can be called an accounting machine. The range and variety of machines on the market is large. You can buy a synchronised typewriter with adding listing machine for around $1600. At the other end of the scale are the sophisticated electronic units which can cost $40,000.
MODERN OFFICE July 1968