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Accounting software
Accounting software is computer software that records and processes accounting transactions. It varies greatly in its complexity and cost.
Since the mid 1990s, the market has been undergoing considerable consolidation, with many suppliers ceasing to trade or being bought by larger groups, notably by Sage and Microsoft.
At the low end of the business markets, inexpensive software allows most general business accounting functions to be performed. Suppiers frequently serve a single national market, while larger suppliers offer separate solutions in each national market.
Suppliers include:
- Sage, now owners of many packages, some extending into the mid market (including CPA, Best, TAS, Sage Line, Gandke & Schubert) External Link
The mid-market covers a wide range of business software that may be capable of serving the needs of multiple national accountancy standards and allow accounting in multiple currencies.
In addition to general accounting functions, the software may include integrated or add-on management information systems, and may be oriented towards one or more markets, for example with integrated or add-on project accounting modules.
Suppliers include:
The most complex and expensive business accounting software is frequently part of an extensive suite of software often known as Enterprise resource planning or ERP software. Suppliers generally operate globally and include:
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