It is kind of computer based application software which Store and summons the transactions related to accounting in boundary of functional modules such as Account receivable, journal, payroll, trial balance, accounts payable. It works as accounting information system. The methods of accounting software vary between products. Advantages of accounting software: In order to get knowledge about this we have to understand it is the basic need of advanced day business. It gives all the comprehensive information about tracking of financial transactions and the findings and reports of up to date accounts related information. It grants reduction in the cost, and improving the decision making ability to the high extent by the help of prompt reporting. It afford to save a huge amount of data deprived of physical existence, this helps the organizations to reduce the office space expenses and all others benefits. Types of accounting software: Accounting software is of many types and categories out of these types some are as follows: Spreadsheets: It is the basic need modern tool for business it consists on rows and column structure that allow you to write down your data in specific place according to the relevancy of your previous note data. It helps in generating budges, calculation of profits within seconds, and analysis of the large data through the charts and graphs. Commercial accounting Software: This types of software manages the...