As of my last knowledge update in January 2022, I can provide some insights into accounting software trends in the USA up to that point. Please note that the accounting software industry is dynamic, and new trends may have emerged since then. Here are some trends that were prevalent in the USA at that time: 1. Cloud-Based Accounting: Cloud-based accounting software has gained significant popularity in the USA. This trend allows businesses to access their financial data from anywhere, collaborate with remote teams, and benefit from automatic software updates. 2. Automation and AI: Automation and artificial intelligence were being integrated into accounting software to streamline tasks such as data entry, bank reconciliation, and report generation. This trend aimed to reduce manual errors and increase efficiency. 3. Mobile Accounting Apps: Mobile accounting apps were becoming more sophisticated, enabling business owners and accountants to manage finances on the go. These apps often incl
Enterprise resource planning isn’t a taboo concept, we all are pretty sure that ERP is a system of integrated software applications that simply standardized, streamlined, business processes within finance, human resource, distribution, procurement, and other departments. ERP Software executes as an integrated software platform that utilizes common data definitions offered via inserted commands during executing on the single Database. Well, in particular, EEPs were originally designed for manufacturing agencies though have since expanded to services spectrums, higher education, healthcare, hospitality, financial services, and the government; each of the industries has its patterned ERP peculiarities. For an instance, Government ERP utilizes contract life cycle management (CLM) comparing with traditional purchasing and follows government accounting principles rather than GAAP wherein banks have back-office settlement processes to reconcile checks, debit/credit cards, and other ins