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Accounting Software

Accounting software automates the financial functions and transactions of an organization. Accounting solutions have modules including accounts payable, accounts receivable, payroll, billing and general ledger in order to simplify and streamline the finances of a business. Integration of Accounting applications allows for comprehensive, real-time, on-demand analysis of an organization's financial status. Toolsets within Accounting solutions can often be customized to the specific needs of an organization. Accounting software is related to Audit software, Billing and Invoicing software, Compliance software and Financial Reporting software. Find the best Accounting software in Canada for your organization.

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1050 results

NetSuite accounting software simplifies the process of recording transactions, managing AP and AR, and closing the books. Learn more about NetSuite
NetSuite cloud accounting software provides the tools needed to effectively manage accounting data and accelerate the close process. Automated tasks reduce data inefficiency and risks of error while customizable reports, dashboards, and real-time metrics help companies monitor business and improve financial control. NetSuite supports multiple currencies, languages, and compliance standards and ensures data is accessible securely worldwide. Learn more about NetSuite

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Simple, easy-to-use accounting software to help you manage your business finance in a smart way! Learn more about Zoho Books
Zoho Books is an online accounting software that allows you to easily manage the money flowing in and out of your business. Manage your customers and invoices, while keeping expenses in check. Record, monitor and reconcile your bank accounts and transactions, and collaborate with your accountant in real-time. Most importantly, Zoho Books helps you make better, more informed decisions and stay on top of your business. Learn more about Zoho Books

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Canada Local product
Cloud-based and designed for law firms: Soluno is a powerful, easy-to-use time, billing, accounting, trust and reporting software. Learn more about Soluno
Soluno is designed for law firms of all sizes that need a powerful time, billing, and accounting solution. Soluno offers a full suite of accounting features; including comprehensive financial reports, 3-way bank reconciliation, full trust compliance, and more. Host Soluno using the Cloud or your own server; save money with bulk license discounts; and get a free full matter history conversion from your current database. Always backed by our 5-star Soluno Support team. Learn more about Soluno

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Multiview ERP is a highly scalable fully-integrated suite of financials that is highly configurable to several industries. Learn more about Multiview ERP
Our vision is to End Month End. For nearly 30 years, Multiview has been proudly advancing corporate finance and back-office operations alongside our clients so they can spend more time focusing on their business. We partner with clients to break down silos and automate accounting processes. We also provide greater access to information via industry-leading dynamic reports. Join us on our vision to End Month End, and help your organization Stop Chasing Numbers. Start Using them. Learn more about Multiview ERP

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
ALERE is suitable for midsized and larger companies. Easy period closings, fully integrated inventory, AP, AR, GL, and MRP. Learn more about ALERE
ALERE's user-friendly, real-time accounting system has been steadily developed over the past 20+ years to allow organizations to redress many common irritations within accounting departments. Featuring automatic period closings, date-driven reporting, real-time GL postings, powerful inventory controls, and automatically interlinked financial documents. ALERE automates and streamlines workflows while increasing financial transparency yet remains surprisingly affordable. Learn more about ALERE

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
DataSnipper is an Intelligent Automation Platform within Excel for Accounting that accelerates Audit and Finance teams' productivity. Learn more about DataSnipper
DataSnipper is an Intelligent Automation Platform within Excel for Accounting that accelerates Audit and Finance teams' productivity. DataSnipper helps to eliminate repetitive tasks, extract, cross-reference, and document the source of any audit and finance procedure. The Excel Add-in streamlines your work processes and helps you reach deadlines faster. Trusted by Deloitte, EY, KPMG, PwC, BDO and other market leaders. Active in 85+ countries and used by over 500.000 finance professionals. Learn more about DataSnipper

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
CosmoLex is the only cloud-based, total practice management, billing, and accounting system (no QuickBooks® required). Learn more about CosmoLex
Thousands of law firms have switched to CosmoLex - the only cloud-based, law practice management software with built-in, compliant legal accounting (no QuickBooks needed). CosmoLex eliminates the struggle of juggling separate systems for law practice management, billing, and accounting. LawPay credit card processing is also built-in with no fixed monthly fee. Simply log into CosmoLex Cloud - anytime, anywhere - to get everything you need to run your entire law practice. Try free today! Learn more about CosmoLex

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Stax Bill offers flexible subscription billing and management software that allows businesses to scale through every stage of growth. Learn more about Stax Bill
Stax Bill empowers businesses worldwide with a flexible subscription billing engine. By simplifying subscription billing and management while automating recurring invoicing, payments, and revenue recognition. Accept credit cards with zero cost to your bottom line with surcharging. Surcharging passes the credit card fee on to the customer, giving you every dollar for every transaction. Scale your business with confidence using the most flexible subscription billing management software. Learn more about Stax Bill

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Bookkeeper360 App tracks business metrics, connects users with accounting experts, and manages finances. Learn more about Bookkeeper360
Bookkeeper360 App is accounting software that provides an all-in-one platform to view finances, set goals, and connect with accounting experts. The cloud-based application integrates accounting, payroll, cash management, and other financial data to offer real-time insights through customized dashboards. Users can monitor business performance, schedule meetings with advisors, and manage financial operations. Learn more about Bookkeeper360

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Low-code digital transformation platform for end-to-end automation to Simplify your complex, content-driven business needs. Learn more about NewgenONE Digital Transformation Platform
NewgenONE platform offers a comprehensive suite of automation technologies that cover everything from task automation to content-rich, mission-critical applications, and complex workflow orchestration. It enables you to integrate your existing systems, applications, and devices, creating a connected ecosystem that delivers consistent personalized experience with efficiency. NewgenONE is natively low code across the board, so that you can design, build, deploy and optimize applications rapidly. Learn more about NewgenONE Digital Transformation Platform

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
An Intelligent finance platform that aligns CPM processes such as Financial Close & Consolidation, FP&A, Reporting & Analytics Learn more about OneStream
OneStream is how today’s Finance teams can go beyond just reporting on the past and Take Finance Further by steering the business to the future. It’s the only enterprise finance platform that unifies all your financial and operational data, embeds AI for better decisions and productivity, and can extend to meet the evolving needs of your business, without adding technical debt. Our vision is to be the operating system for modern Finance, unifying core financial functions and empowering the CFO to become a critical driver of business strategy, innovation, and growth. We deliver the industry’s most comprehensive cloud-based platform to modernize the Office of the CFO. Our Digital Finance Cloud uniquely unifies key financial and operational data and processes, embeds AI for faster and better planning and forecasting, and is infinitely extensible so customers can add new utility and achieve more value as their business needs evolve. Learn more about OneStream

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Offers up unbeatable bank synchronization, automated invoices, recurring billing management, reconciliations, and so much more. Learn more about Odoo
Manage daily accounting with ease and simplicity. Odoo offers a global view of the state of their business, as well as a list view, with greater visibility on document statuses and next activities. This fully integrated app has a wide array of in-depth reports and financial tools, such as double-entry bookkeeping, accounts receivable & payable, multi-currency management, tax calculation, unrealized gains & losses, automatic bank feed import, accrual & cash basis methods, and so much more. Learn more about Odoo

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Accounting practice management software built to empower accounting firms to spend more time helping their clients succeed. Learn more about Canopy
Unclunk your accounting firm with Canopy’s cloud-based practice management suite. It’s client, document, workflow, time, billing, email, tax, and staff management. But that’s a mouthful. Doing all of these things in one software eliminates switching and clicking, which will help you and your staff improve efficiency, organization, and accuracy. You’ll even be able to help keep your clients efficient and organized with the client portal, automated reminders, eSign, payments, and more. Try Canopy! Learn more about Canopy

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
BigTime is the engine empowering the greatest accounting firms on the planet to budget, track & bill their most important asset: time. Learn more about BigTime
Accounting firms need more than just a timesheet. They need a system that unifies budgeting, project planning/execution, team communication, task management, resource management, invoicing and project financials. BigTime gives you the tools your team needs to deliver billable work on time and on budget, giving our customers an average improvement of 25% in gross margins and a substantial increase in expansion and referral revenue. "We didn't have to compromise or change the way we operated." Learn more about BigTime

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Progressus, built on Microsoft Dynamics 365 Business Central (ERP), is designed to boost profitability for project-driven organizations Learn more about Progressus
Boost profits for your project-based business with Progressus, a project accounting software built on Microsoft Dynamics 365 Business Central (ERP)—a separate purchase required. Progressus extends Business Central's power with specialized features: > Project planning and accounting: Manage projects from start to finish. > Resource management: Get the right people on the right projects. > Detailed reporting: Gain valuable insights for better decision-making. > Multi-company support: Handle projects with partners and subcontractors. > Analytics and insights: Ensure on-time, on-budget project delivery, most often. Note: Requires Microsoft Dynamics 365 Business Central. Learn more about Progressus

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Acumatica Cloud ERP offers powerful finance and business intelligence tools to streamline company-wide accounting processes. Learn more about Acumatica Cloud ERP
Acumatica Cloud ERP offers powerful finance and business intelligence tools to streamline company-wide accounting processes. Track costs, control billing, and manage time/expenses with multi-currency support and powerful financial reports. Acumatica makes real-time financial data available anytime, anywhere, on any device. Harness this data to make informed accounting decisions, reduce workloads, close the books faster, accelerate growth, and transform how you do business in the digital economy. Learn more about Acumatica Cloud ERP

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Quickly and accurately consolidate and bring your financials together with Planful's advanced financial close software. Learn more about Planful
Automate book closure, minimize risks, and expedite reporting with Planful—the leading financial performance management cloud software. Trusted by over 1,300 customers worldwide, including renowned names like the Boston Red Sox and Five Guys, Planful empowers accounting teams to streamline comprehensive business planning, budgeting, consolidations, reporting, and analytics. Elevate your efficiency and cycle times. Discover more at www.planful.com. Learn more about Planful

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Progessi is an ERP solution that supports ESNs, consulting firms and outsourcing companies of all sizes. Learn more about ProGesSi
ProGesSi is an intuitive tool that combines AI with a team of engineers for on-demand development. The solution helps digitalize ecosystems with a collaborative platform accessible from anywhere 24/7 from any terminal (PC / MAC, tablet, smartphone). Learn more about ProGesSi

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Comprehensive and fully integrated end-to-end user-friendly ERP platform. Industry specific features. Learn more about Rubicon ERP
We understand the unique challenges manufacturers and distributors face. From streamlining complex processes, to enhancing collaboration across departments, Rubicon is here to be the backbone of your enterprise, providing the stability, and the agility, necessary for success. Rubicon ERP is specifically tailored to meet the needs of the industries we serve. Rubicon ERP software is user-friendly and our team of experts is here to provide ongoing support and assistance. Technology is most effective when it is accessible. Rubicon's feature rich, web-based platform allows users anywhere, anytime access to an intuitive and easy to use software, allowing our clients to do more with less. In addition to our US based support team, we have dedicated ourselves to your industry and have embedded industry-specific best practices into every facet of our system, ensuring that it aligns with the unique needs of your industry allowing you to scale at your pace. Learn more about Rubicon ERP

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Serrala provides financial software solutions for optimized AP and AR automation. Learn more about Serrala Suite
Serrala is a global provider of financial software solutions for organizations seeking to optimize their financial operations. Serrala's cutting-edge AP automation and AR automation solutions are designed to streamline financial operations for businesses of all sizes. With features such as invoice processing, payment automation, and cash flow forecasting, these solutions enable businesses to reduce manual workloads, enhance efficiency, and improve cash flow management. Learn more about Serrala Suite

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
The leading accounting software for small businesses. Instant access to customer, vendor and employee information.
QuickBooks Desktop Enterprise (Save Up to 55%) is our most powerful accounting and business management solution, made for small to mid-sized product-based businesses. Features include inventory management, customizable reports, order fulfillment, job costing, advanced pricing controls, real-time financial dashboards and advanced tools to manage employees and payments. Enterprise enables up to 40 users, and has over 200 3rd party integrations to help deliver meaningful, additional capabilities. Learn more about QuickBooks Desktop Enterprise

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
QuickBooks Online is a small business accounting software and app that allows you to manage your business anywhere, anytime.
QuickBooks Online is a small business accounting software and app that allows you to manage your business anywhere, anytime. Used by over 7 million customers globally, QuickBooks provides smart tools for your business, yet is easy to use. You can organise your books, manage expenses, send invoices, track inventory, and even run payroll. With QuickBooks Online, you can get organised, save time, and even get paid fast by adding payment features. Best of all, you can try it for free for 30 days. Buy now and save 75% off QuickBooks for the 1st 6 months! Learn more about QuickBooks Online

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Canada Local product
An easy invoicing and accounting solution starting at $7.60/mth (first 6 mths). Join 24 million people who've already used FreshBooks.
FreshBooks Accounting ensures your business decisions are based on actual business data and insights. Set aside enough for tax time, learn the costs of running your business, find out if you have money to hire and confidently forecast your earnings. Try it free for 30 days, no credit card required. Learn more about FreshBooks

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
A powerful platform for tax, accounting and bookkeeping firms. Perfect for scaling your business and growing your customer base.
TaxDome is the operating system for your practice, replacing a dozen separate tools. Automate repetitive tasks, manage resources effectively, and collaborate seamlessly with your team. Features like workflow automation, AI-powered reporting, and a robust CRM empower you to achieve operational excellence. Deliver a superior client experience with a secure client portal for easy document exchange, proposal approvals, and e-signatures. Secure chats, encrypted emails, and two-way SMS ensure smooth communication. Plus, both you and your clients enjoy the convenience of user-friendly mobile apps. Simplify revenue operations and get paid faster with multiple payment options through TaxDome's integrations with Stripe and CPACharge. Track billable time set up recurring invoices, and handle payments seamlessly. Stay connected anytime, anywhere with our dedicated mobile apps for both your firm and your clients. Never miss a beat and meet your clients where they are – on their phones. Learn more about TaxDome

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet
Xero is a beautiful online accounting software solution for small businesses, sole traders, and accountants in any industry.
Xero is an award-winning online accounting software designed for small business owners and accountants, available on any computer or mobile device with an internet connection. Automate tasks like invoicing and reporting, and get a full picture of your business with up-to-date financial data. Xero accounting software allows you to connect to your bank so you can set up feeds from any number of bank accounts and reconcile bank transactions on a daily basis. Learn more about Xero

Features

  • Billing & Invoicing
  • Expense Tracking
  • Fund Accounting Software
  • Project Accounting Software
  • Purchase Order Management
  • Budgeting/Forecasting
  • Inventory Management Software
  • Tax Management Software
  • Payroll Management
  • Multi-Currency
  • Income & Balance Sheet

Accounting Software Buyers Guide

What is accounting software?

Accounting software helps users manage and automate an organization's financial functions and transactions with modules including accounts payable, accounts receivable, payroll, billing, and general ledger. Integrated applications for online accounting software allow for comprehensive, real-time analysis of an organization's financial status including cash flow and expense management. Accounting software is related to bookkeeping software. In this guide you will discover the benefits and features of accounting platforms, as well as some things to take into consideration before purchasing a new tool, so that you can find the best accounting software for your small business in Canada.

What are the benefits of a comprehensive accounting system?

  • Cost savings: Outsourcing has been the traditional approach for managing small business accounting, which adds to the operational expenses of the business. Accounting software helps small businesses bring the accounting functions in-house, thereby reducing the total price tag.
  • Improved process efficiency: Accounting involves a lot of paperwork and manual data entry, which is time consuming and can be prone to human error. By digitizing financial paperwork, accounting programs help small businesses reduce the time it takes to process financial transactions such as expense management, accounts payable, and accounts receivable. Moreover, accounting software ensures that there is no error in calculations or discrepancy in records.
  • Easier tax compliance: Tax management for small businesses also involves a lot of documentation and paperwork. Small businesses need to make sure that all their tax forms are submitted on-time in order to avoid penalties due to delayed filings. Accounting software uses the financial and accounts information stored in the system, thereby making this process easier and free from human errors.

What are some typical features of accounting software?

  • Accounts payable (AP): Automates invoice capture, approval management, and authorization processes. The transaction information is reflected in the accounts payable and general ledger tables.
  • Accounts receivable (AR): Tracks customer credits related to payments and purchases. This information is reflected automatically on the general ledger.
  • Bank reconciliation: Matches "credits" and "debits" in an account to help businesses spot and correct discrepancies and missing entries in a record.
  • Financial reporting: Provides a graphical representation of data in accounting systems. These reports include sales reports, AP/AR, and cash flow analysis.
  • General ledger: Lists the accounts payable and accounts receivable information in a table. It also summarizes assets, equity, expense, and revenue information for each account.
  • Billing and invoicing: Creates invoices based on customer records, prints and sends them to the customers, and records the information in the accounting system.
  • Expense tracking: Records the total expenses incurred in a business. Most products allow users to submit expenses by uploading bills from a mobile app.
  • Project accounting: Tracks different accounting attributes for a client-facing project, such as incurred costs, expenses, billable hours, and client payments.

What should be considered when purchasing accounting software?

  • Data security: An accounting system handles sensitive client and financial information, which makes them a target for hackers. That's why security should be a prime consideration when selecting accounting software. Small business should ensure that their solution adheres to the necessary security standards, such as Extended Validation (EV) SSL and 256-bit Encryption.
  • Third-party integrations: Accounting software cannot work in isolation: it needs an ecosystem of other business applications. For example, integration with customer relationship management (CRM) software automatically pulls transactional records after a payment is received from the client. Integration with an HR and payroll solution allows users to pull the information related to the payroll-related costs. Buyers should evaluate integration capabilities before making a purchase decision.
  • Small businesses continue on the path of automation: In an attempt to reduce paperwork and minimize human errors, small businesses are looking for new ways to automate their accounting functions. The most recent development in this area is OCR (optical character recognition) technology, which allows users to scan physical documents and store their content in a digital format. As advancements in artificial intelligence and machine learning improve the accuracy of OCR, adoption of this technology can be expected to increase further.
  • Small businesses want visual representation of financial reports: Since around 65% of learning happens via visual content, buyers find visual representation of financial reports an important consideration while shortlisting their accounting system. This is also driving small business accounting vendors to include stronger visualization capabilities in their reporting modules.