Quotes & Sayings About Accounting Systems

Credit Theorists insisted that money is not a commodity but an accounting tool. In other words, it is not a "thing" at all. For a Credit Theorist can no more touch a dollar or a deutschmark than you can touch an hour or a cubic centimeter. Units of currency are merely abstract units of measurement, and as the credit theorists correctly noted, historically, such abstract systems of accounting emerged long before the use of any particular token of exchange. — David Graeber

Balance Sheets are meaningless. Our accounting systems are still based on the assumption that 80% of costs are manual labor. — Peter Drucker

Ultimately the destruction of the Earth is due in part, perhaps in large part, to a failure of the imagination or to its eclipse by systems of accounting that can't count what matters. The revolt against this destruction is a revolt of the imagination, in favor of subtleties, of pleasures money can't buy and corporations can't command, of being producers rather than consumers of meaning, of the slow, the meandering, the digressive, the exploratory, the numinous, the uncertain. — Rebecca Solnit

I came up with the idea for what later became Paychex in 1970 when I was working for Electronic Accounting Systems, a company that sold payroll processing to companies with 50 to 1,000 employees. — Tom Golisano

Although more than 500 million maritime containers move around the world each year, accounting for 90 per cent of international trade, only 2 per cent are inspected. Strengthening customs and immigration systems is essential. — Ban Ki-moon

Electronic Accounting Systems processed my little payrolls like one big payroll. I did the selling, and the people I hired did most of the operations. — Tom Golisano

The good news about fresh water is that, even after accounting for the larger volume of water that is unavailable to people from the hydrologic cycle, there is enough on a global scale to support current and anticipated populations on a sustainable basis ... Three essential goals are dependable and safe supplies for people, protection and management of the environmental systems through which water moves, and efficient water use. Meeting these goals will require that fresh water not continue to be treated as a free good or as the principal means for disposing of human and industrial wastes. — Gilbert F. White

non-Western countries had, until quite recently, highly unreliable legal systems and differing accounting rules. If a foreign trading partner decided to default on its debts, there was little that an investor situated on the other side of the world could do. In the first era of globalization, the solution to this problem was brutally simple but effective: to impose European rule. — Niall Ferguson

By the end of 1978, we had 11 partners and six franchisees, we were operating in 22 cities, and we had about 6,000 clients. We had left Electronic Accounting Systems and were doing our own processing on our own computers. — Tom Golisano