Accounting software is a digital tool designed to help individuals and businesses manage, track, and process their financial transactions and data. It performs a range of accounting and bookkeeping tasks such as invoicing, payroll, expense tracking, budgeting, and financial reporting.
By storing and arranging financial information in one system, it helps streamline operations and improve accuracy. Most modern accounting software is cloud-based, allowing users to access it securely from any internet-connected device, such as laptops, tablets, or smartphones.
This flexibility is particularly valuable for small businesses and remote teams. Additionally, many platforms offer integrations with banks and other software, automating tasks and reducing manual data entry.