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    What is Financial Software?

    Financial software is typically described as any type of computer software designed to help individuals or corporations manage finances and business ledger and other accounting needs.

    Financial software can track financial accounts, categorize income and expenses, synchronize transactions with banks and credit card companies, pay bills online, work with budgets, track and analyze investments, create financial and tax-related reports, and provide at-a-glance snapshots of a financial net worth.

    What are the different types of Financial Software?

    Financial software is divided into two categories: financial management (money management) and tax software. Financial management software typically provides the tools to manage banking, income flow, investing and planning. Tax software provides importing tools, tax form preparation and e-filing of your taxes.

    Recommended Reading: Webopedia’s tax software definition.