Accounting & Financial Management System Software is to keep record covering from small business to large business Accounting transactions & Financial Statements such as Receives & payments, General ledger, general journal, accounts payable, accounts receivable, Bank Book, Cash Book, trial balance, financial statements & security. It functions as an accounting information system.
Accounting software is an invaluable resource for modern business. Software allows detailed tracking of financial transactions and near instantaneous reporting and analysis. Before accounting software, these tasks had to be performed manually, using large transaction journals.