Accounting software automates many repetitive, manual tasks involved in maintaining your account. For instance, some packages can automatically download your bank statements and check the bank transactions against your records as well as saving your time. Accounting software can offer you a far better understanding of your business finances. You employ it to stay in accurate financial records and perform tasks such as Creating and sending invoices, Creating quotes and estimates, Recording expenses, Completing tax returns, Checking income or profit and loss, Creating budgets and forecasts etc