What is business accounting and inventory management software ?

Definition

Accounting software is a computer program that manages the business transactions of a company. It is not just safe and secure, but very efficient as well. Essentially, accounting software takes care of payable and receivable accounts, general ledger, profit and loss statements, asset management, purchasing, cash flow reports, balance sheets among other things. Some of the best accounting software has advanced integrated features like inventory management and purchase orders. Inventory management is the process of taking into account a company's inventory items. Inventory software determines the items that are available in the stock and items that need to be ordered.