Accounting software assists businesses in managing financial transactions and reporting. Key features include:
- General Ledger: Centralized repository for all financial transactions.
- Accounts Payable and Receivable: Management of incoming and outgoing payments.
- Billing and Invoicing: Creation and tracking of invoices.
- Expense Tracking: Monitoring and recording business expenses.
- Bank Reconciliation: Matching financial records with bank statements.
- Financial Reporting: Generation of financial statements like balance sheets, income statements, and cash flow statements.
- Tax Management: Calculating and filing taxes.
- Multi-Currency Support: Handling transactions in different currencies.
