An accounting software solution is one that cultivates under the same roof where all systems and applications are dedicated to manage and process financial data. These are classified based on the types of operations the business handles, and they are 1) Billing/ Invoicing software- It takes care of companies' basic billing activities. These also serve the day-to-day tasks which a business undertakes including cheque writing and informing customers on their due payments. 2) Payroll management system- This category of accounting software manages the companies' payroll registers, performs an array of different tasks, including calculating employees’ salaries, cutting deductions, depositing the salary directly into staff members’ bank accounts, producing tax forms and payslips and more 3) ERP systems- This category of accounting software solution handles the operational portfolio that combines all systems used for product planning, material purchasing, inventory management and control, distribution, accounting, marketing, finance and human resource.

Abhijith S

354 resources

0

1

0

Like