As we all have known that financial transaction and its record is the back bone for any company. All organizations do transactions on daily basis and it is needed to be recorded, if not the whole transaction process will be getting perplexed and they wouldn’t be able to handle it correctly. And then gradually and ultimately it is over for the company to gain the strength over it. That’s why every individual company needs an accounting software which will store, calculate and manage all the transactions details easily and effectively. And as the taxes are concerned, it is requisite to pay them and as the new rules for taxation has been changed in the past year, the whole taxation process has gotten little bit more confusing and for the records of all the transactions a good accounting software could be helpful with the formula to calculate taxes effectively.