Accounting Software Glossary	Accounting Software from Lakeview
The accounting software glossary is a glossary of words and phrases related to accounting software and is provided entirely as-is and without warranty. Please feel free to make use of the definitions of accounting software terms contained herein, provided you quote your source or, if used online, provide a link back to the accounting software glossary.

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Definition of Accounting Software

Accounting software is a computer program that provides the functionality necessary to record and manage a company's accounting transactions. Core functions are accounts payable, accounts receivable, eneral ledger, billing, sales orders and purchase orders. Accounting software also normally provides a range of peripheral functions such as payroll, stock control, expense manageent, reporting and timesheets. Most accounting software supports the main business functions related to accounting, and this includes regulatory requirements such as income tax calculation and VAT reporting. Many larger companies will deploy more extensive accounting software solutions - often known as ERP or Enterprise Resource Planning, which provide for a wider range of functions such as detailed materials planning, manufacturing, supply chain and distribution management.