An accounting software is a computer programme that assists in the recording and reporting of a business’s financial transactions. It is an automation of the transaction journals manually kept by accountants and bookkeepers in the past, providing ease in audit and preparing financial statements.
This software can be used to track a variety of financial transactions, including sales, purchases, expenses, and income. It can also generate reports, such as balance sheets, income statements, and cash flow statements. Ultimately, it can help businesses to improve their financial reporting and decision-making.