Accounting software helps businesses record, manage, analyse and report their finances. It also helps businesses operate more efficiently by automating accounting tasks, such as recording transactions, creating invoices, tracking incoming and outgoing payments, creating financial statements and collecting and paying taxes.

By taking advantage of accounting software, businesses can accelerate critical financial processes, such as closing the books at the end of each accounting period.

Accounting software typically handles general ledger, accounts payable, accounts receivable, asset management, tax management and financial reporting, among other tasks.

Advanced accounting software packages also include real-time analytics that provide an accurate, up-to-date view of the company’s financial health and help businessesmake better-informed decisions.

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