When this sort of software put into use it reduces the time in handling the books. In the past records are maintained manually or using simple packages like spreadsheet. The redundancy in the data is eliminated for example in the past client address has to be maintained in different records like order, billing and quotation. When the inventory, number of employees, customers are small the accounting is not much important. The software is must when the numbers are high. The software can be used very easily with an interactive user interface. The accounts can be maintained even by an individual who is not good at accounting. The modules in the accounting software can be purchased separately depending on the business needs. The major functions include defining retrieving account information daily basis, creating reports which may contain the sales for period of time, balance sheet, profits, annual reports, finding the deviation between the plan and operational results, automatic notification when inventory level reduces, synchronising sales and inventory, maintaining employee details, calculating salary based on attendance and working hours. The developers should keep the system very easy to use and should deliver the software on time. These software’s are more reliable, scalable and are accurate.