

Those organizations generally pass on a license fee to the software vendor and then charge the client for installation, customization, and support services. Most mid-market and larger applications are sold exclusively through resellers, developers, and consultants. the installation and configuration of the system at the client) can be a bigger consideration than the actual software chosen when it comes down to the total cost of ownership for the business. Note that vendors may use differing names for these modules.

Debt collection-where the company tracks attempts to collect overdue bills (sometimes part of accounts receivable).Financial close management - where accounting teams verify and adjust account balances at the end of a designated time period.Bookkeeping-where the company records collection and payment.Sales order-where the company records customer orders for the supply of inventory.Purchase order-where the company orders inventory.Stock/inventory-where the company keeps control of its inventory.

Billing-where the company produces invoices to clients/customers.Accounts payable-where the company enters its bills and pays money it owes.Accounts receivable-where the company enters money received.Accounting software is typically composed of various modules, with different sections dealing with particular areas of accounting.
