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Accounting is a crucial and important part of business operations. All organisations, micro, small, medium and large handle financial data and information not only to ensure all financial resources are managed well, but also to account to government and regulatory bodies for paying taxes, compliance and rules.
What are Accounting Software?
Accounting Software are software that allows business to handle all book keeping and accounting activities. Storing of financial data and performing various business transactions.
Examples of Types of Accounting Software
- Billing and Invoicing System
- Payroll Management Systems
- Enterprise Resource Planning Systems
- Time and Expense Management Systems
What Accounting Software can do
Accounting software can gather, summarise, analyse and report financial data. Book keeping processes can be automated and tracked. Businesses can then process their financial transactions and records more efficiently, accurately and safely. Using a Software as a service, also reduces administrative and accounting costs, file taxes with ease and generate accurate reports at any given moment.
Features
- Identify and Correct errors to entry records
- Manage Users such as Book keeping teams, accountants, shareholders and customers
- Accounting: General ledger, accounts payable, accounts receivable, bank reconciliation, fixed assets
- Billing, invoicing, budgeting, forecasting, payroll management, project accounting, inventory management
Examples of Accounting and Finance Applications
Examples of Accounting and Finance Applications
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