What is an accounting software and HR management system. Also, name the types of accounting software?
What is an accounting software and HR management system. Also, name the types of accounting software?
1 Answers
Accounting Software
This system records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll and trial balance. It works as an accounting information system.
There are several types of accounting software as follows:
1. Accounts payable software
2. Bank reconciliation software
3. Budget management software etc. e.g. Tally ERP9, HDPOS, MARG, ProfitBooks etc.
HR Management System
It refers to the systems and processes at the intersection between Human Resource Management (HRM) and Information Technology (IT). The function of HR department is generally administrative and common in all organisations. e.g. Effective Staff, Cezanne HR etc.