Description

accounting packages. DEFINITIONS1. a piece of software that a business uses to organize its financial records. Synonyms and related words. Computer software.

Most business owners are familiar with Xero, Sage 50, Quickbooks, Freshbooks and other cloud accounting packages. These programs are available online and are accessible through the cloud. They appeal to startups and small enterprises, offering flexibility and cost efficiency.

Computerized accounting systems are software programs that are stored on a company’s computer, network server, or remotely accessed via the Internet. Computerized accounting systems allow you to set up income and expense accounts, such as rental or sales income, salaries, advertising expenses, and material costs.