Accounting professionals and bookkeeping teams use these programs to govern accounts and automate systematic operations, while certain systems are also enabled to record accounting data, measure indicators, and report on the company’s financial activity.

Accounting software describes a type of application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, journal, general ledger, payroll, and trial balance. It functions as an accounting information system.

These are the key benefits of accounting software:

• Simplification.
• Cost savings.
• Full financial transparency.
• Accurate forecasting.
• Productivity.
• Tax compliance.
• Improved relationships with customers.
• Security.

Types of accounting software

• Spreadsheets:- Quite a small business can be run just using an electronic spreadsheet for its accounting software.
• Commercially-available software.
• Enterprise resource planning software (ERP).
• Custom accounting software.

• An integrated invoicing module.
• Import/ Export Facility
• Integarrted with oother systems
• Customization.
• Ease of use
• Security.
• Connectivity.
• Mobile usage.
• Reliable support.

• Analytics & Reporting
• Billing & Invoicing
• Document Management
• Expense Management
• GST Invoicing
• Inventory Management
• Multi User login & Role based access
• Payroll Management
• Project Accounting
• Purchase Order
• Sales Transactions
• Supplier Management
• Tax Management