An accounting software has all that it takes to excel at analysing your business practices and enabling you quickly identify and monitor how exactly your money is flowing through all operations done by you. If your software application manages all your financial transactions, it has an extensive data at its disposal to generate miscellaneous reports. Monitoring the distribution of revenue on different operating costs or efficiently calculating the bottom line. These reports are virtually dependent on the type of software you tend to use. Using an cloud based accounting software provides you all the data you need to run the business at your fingertips.