Actually, the record-keeping party of accounting is simple and most accounting software packages store their data in much the same way as this post is proposing

Actually, the record-keeping party of accounting is simple and most accounting software packages store their data in much the same way as this post is proposing. The complicated part of accounting, and the reason why we need actual accounts is the regulatory issues surrounding money and how to manage/tax it. Real accountants (not just book-keepers) provide 'advice' on how to handle money, they don't go around balancing books and shuffling paper. This may have been what accountants did in the 1950's, but computers made all this 'busy' work obsolete and left them to do what humans are good at… thinking and problem solving.