Accounting Software

What is accounting software?

Accounting software is a program or online service that helps businesses record financial transactions, generate invoices, track expenses, and produce financial reports. It automates much of the manual work traditionally done with spreadsheets or paper ledgers.

For small business owners and contractors, accounting software simplifies bookkeeping and makes it easier to stay organized without hiring a full-time accountant.

What accounting software typically does

Most accounting software includes features for:

• Invoicing — Create and send professional invoices to clients
• Expense tracking — Record and categorize business expenses
• Bank connections — Import transactions directly from your bank
• Financial reports — Generate profit and loss statements, balance sheets, and more
• Tax preparation — Organize records for easier tax filing
• Payment tracking — See which invoices are paid, outstanding, or overdue

Do you need accounting software?

If you're sending more than a handful of invoices per month, tracking multiple expenses, or spending too much time on spreadsheets, accounting software can save hours each week. It also reduces errors and gives you a clearer picture of your business finances at any moment.