Accounting software is the backbone of every business. If you're not using accounting software, you'll need to manually record all of your purchases, bills, payments and income on paper. This is overwhelming and time-consuming endeavor, especially if your business is growing rapidly. Accounting software is a must for any modern business. These tools allow you to track your spending, run reports, and much more. Before you choose which program is best for your needs, go over the following information to learn what features to consider in an accounting package. Accounting software is an integral part of running a business. It’s the software which is used for recording all your transactions, making reports and filing taxes. Accounting software is generally used by businesses which have more than one employee and generate great revenue. This accounting software can be found as an enterprise solution or as a cloud based software.