This Day in Financial History

Financial History

December 4, 1928: The First Business Computer

On this day in 1928, the Hollerith Electric Tabulating System was introduced, the first electronic machine designed specifically for business calculations. This early ancestor of modern accounting software revolutionized how businesses handled financial data, reducing what had been weeks of manual calculations to mere hours.

This innovation laid the foundation for the digital transformation of accounting that continues to evolve today, making financial management increasingly accessible to sole proprietors and small businesses.

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