subject: Australia Accounting Software [print this page] Accounting software is application software used for maintaining account transactions such as payroll, general ledger, billing, sales order, purchase order etc. This software can be developed in-house or can be purchased from the third party. Accounting software is also termed as AIS (Accounting Information System).
We all are aware of the fact that accounting software is used in many sectors such as banking, retail, medical sector, and construction sector, private and governmental organizations to keep track of all the account transactions. Earlier we use to have Traditional accounting system, which has many limitations. All these limitations were eradicated with the introduction of new accounting software.
This software has record keeping or bookkeeping programs which help a bookkeeper to perform his task efficiently. Bookkeeping is also referred to as record keeping which means the process of recording transactions related to finance or financial transactions.
In this competitive era our business needs desired information quickly and we can no longer wait for the manual work to be done. This accounting software not only saves time but it is also cost effective as it helps in time management and reduces the cost of hiring an accountant for maintaining your accounts. This is one time investment. These accounting software are user friendly and are easy to use.
Accounting software can be divided into two types:
1)Industry-specific accounting software:
Software that is designed for a specific business or industry and has features only related to that industry is termed as Industry-specific accounting software.
2)General-purpose accounting software:
Software that is designed for general purpose and can be used by anyone for non- specific accounting needs is termed as General-purpose accounting software.
Accounting software:
Small business accounting software
Day care accounting software
Accounts payable accounting software
Inventory software
Payroll accounting software
Some of the Australia Accounting Software Companies are:
