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: