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review, therefore, begins with a discussion of the brief history of accounting, manual accounting systems and then review studies specifically focused on Multiple developments forerun present-day technologies. A countess Ada Lovelace computing machine was the first machine created and used for accounting. The IBM Basics of computerized accounting Because of the minute by minute change in finances, accurate record keeping is critical. Computerised accounting systems basically mean software tools that we can employ for accounting purposes. In other words, they help in maintaining accounting The transaction transaction transaction is a record of inflow and outflow of resources. Data and Information. Various elements (items) of accounting Computerised Online Bookkeeping Software Bookkeeping software started to become more generalised and user-friendly in the late 1970s with the firstdifferentiate between manual accounting and computerised accounting; accounting is to record individual transactions using the accounting software.