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Accounting software can help computer users easily record and process accounting transactions. It usually integrates the functional modules of accounts payable, accounts receivable, general ledger, billing, stock management, inventory control, purchase order management, sales order management, and cash book. Sometimes a fully-featured accounting software solution may also include the functions of debt and bills collection, credit card payment processing, business expenses control, manufacturing accounting, payroll and tax accounting, accounting reports creation, and employee timesheet tracking management.

Prices of Commercial Accounting Software and Open Source Accounting Software

A commercial accounting software application is usually fully-featured but costs hundreds or thousands of US dollars. Sometimes this could be too expensive to a small business owner or a personal user. Under this circumstance, the user can choose free or open source accounting software applications. They are available for free download online.

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