By using small business accounting software the users can create automatic entries, bill payments, invoicing, expenditure reports, monetary reports and reconciliations, fixed financial reports and data syncing, for example, with point of sale arrangements and bank accounts.

Trustworthy and valuable accounting software should be capable of providing a broad range of attributes for all kinds of small business holders. This involves consultants, freelancers, online merchants, restaurant and store owners, service providers and various classifications of small business holders. They should also offer free, cloud-based accounting software particularly developed for small businesses and an inclusive set of accounting attributes including GST filing.