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Simply put, accounting is that the lifeline of a business. Accounting deals with summarizing, analyzing and reporting the financial data and knowledge a few business. An accounting software records and processes the accounting transactions of a business within its functional modules. Financial statements consisting of the record , profit and loss account, and statement of changes in financial position are often easily prepared with an accounting software.An accounting software is all about the varied functional modules that it's . a number of them are- ledger which takes care of the corporate 's financial dealings; Accounts Payable where the company enters its bills and pays the cash it owes; assets where money received is entered.
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