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Currently, there are quite a few accounting systems available on the market, but traditional accounting systems are not effective enough and still require the latest information technologies. The main issue is what are the latest information technology accounting systems available today that are effective and inexpensive, allowing a company to provide information to its departments. The first part discusses the problems of business management systems and shows possible solutions to these problems; it provides a detailed analysis of the innovative model developed by US scientist William E. McCarthy. The second part examines the architecture of accounting systems, analyzes the latest accounting system technologies, analyzes the possibilities of deploying computer architecture, and provides an overview of the virtual infrastructure of workplaces and their advantages. The third part analyzes the possibilities of implementing accounting systems, examines accounting systems in Lithuania, and describes the needs, costs, and benefits of virtual accounting systems. The monograph is intended for users of accounting systems.