The barter was the earliest and simplest form of transaction. The development of money economy was both a product and an engine of a complex economy. Now, even the simplest transaction between two parties involved a third party – the issuer of the currency, who was a regulator, levier of tax and the authority of final appeal. Other transactions would be more complicated as any number of middlemen would offer their services, as specialization of roles became more entrenched.
Taxation opened up a new domain of public finance. Investment opportunities inspired investment financing. Similarly, various sectors of the economy inspired different types of financial transactions. As companies and corporations become bigger and hire more people, as they get involved in more number of transactions, and as various standards, statutes, and laws come into force, the task of proper data-entry, conformance and compliance, and classification, interpretation becomes more and more complex. Hence, the scope and complexity of accounting also increases. Here comes the utility of Finance and Accounting Software.
A Finance and Accounting Software, like all other software, automates the process, making it fast and error-free. Today there are ERP and business software systems; debt recovery and debt collection software; software for financial budgeting and forecasting, planning, performance measurement and management software; asset and liability management software, etc.
This section of the webdirectory provides a list of resources and vendors selling them.