This program has different types depending on the area it focuses on. There are small accounting software that manage the bookkeeping procedures of a company. Similarly, there are small accounting programs that manage the accounts payable of a business, while there are those that handle the transactions for the accounts receivable. There are also small accounting software that monitor the cash flow of a business. Other types of this application include those which manage the payroll of a company and those which monitor the inventory of a business.

Moving on, although this type of program manages a single area of accounting, it contains all the fundamental modules and functions of a typical software. First, a small accounting software is protected by a log-in form that requires the user to enter the correct password before he can access the system itself. Second, it has a graphical environment where the user does most of the encoding and editing processes. Third, it has a database where all of the records of the company are stored. Lastly, this software has a direct printing function that allows users to make printed copies of the reports produced by the system.