Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations. Accounting information systems are designed to support accounting functions and related activities. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement, analysis and reporting of information for internal use by management. The recording of financial transactions, so that summaries of the financials may be presented in financial reports, is known as bookkeeping, of which double-entry bookkeeping is the most common system.
At enlyft, we use sophisticated, patent-pending algorithms to track the use of various Accounting products and technologies. We track 159 products in the Accounting category, and have found 477,106 companies using these products.