Dictionary of all accounting terms
Accounting software is a type of software that accounting professionals or business owners use to process accounting transactions and manage accounts. The accounting software is usually created by a third party for small and medium-sized businesses, although large businesses and corporations have their own in-house accounting software.
More and more, accounting software is on-line based, or with many on-line features. The range of accounting software is anywhere from simple and user-friendly to complex which requires training and experience.
The cost range is also wide, with SaaS (Software as a Service) subscriptions offering low-priced, limited versions of the software for cheap. Corporation versions of the software will be much more expensive.
All accounting software has different sections - modules - that deal with specific parts of the accounting process.
The core modules are:
There are other modules in different accounting software that are added on as needed. They include: