Pros and cons of accounting software

Pros

• Accuracy.
• Automation. By using artificial intelligence, the software can record and reconcile transactions and generate financial reports.
• Relatively low cost. 
• Streamlined invoicing. Software like FreshBooks helps to create invoices within minutes and set up automatic payment reminders.
• Collaboration. Many accounting programs let you grant outside access to your accountant.

Cons

• Technical problems.
• Potential for fraud.