Accounting software is typically composed of various modules, different sections dealing with particular areas of accounting. Among the most common are:

• Accounts receivable
• Accounts payable
• General ledger
• Billing
• Stock/Inventory
• Purchase Order
• Sales Order
• Cash Book
• Debt Collection
• Electronic payment processing
• Expense
• Inquiries
• Payroll
• Reports
• Timesheet
• Purchase Requisition