Accounting software is widely used by companies of all sizes: big and small. It is even used by individuals that need to run financial operations from home. Software evolves and improves along with technology to replace older versions and become better and more advanced. The Software Development Industry therefore has seen a lot of competing within itself, and that is why there are so many different types of software available today.Accounting software can be described best as a type of application software used in accounting to trace and process important financial operations such as income, expenses, payroll and trial balance. One of the main benefits of having this software is that staff will have access to past and present financial information without having to search through files or piles of paper. This will ensure an organized financial system and save a lot of time.The software can be developed by the company itself, given that it has the necessary set of skills to do so, or it can be developed by a development company. The developers of the software can also develop custom software according to the clients’ needs and it can be altered, improved and added onto as the company’s needs evolve and develop.So, how do you know what type of software is suitable for your company? A friend of mine had that same question. She noticed that asking around and doing a little bit of research on the different types of accounting software gave her the most information and answers. She found that some software had great reviews on the internet, but did not have as good reviews from actual users, and some software did not receive recognition on the internet, but was recommended by users more than others. Why was this? Well, let me explain: All companies have different needs and requirements when it comes to certain things. If you have a small, home-based business, you are not going to purchase software fit for a corporate, and vice-versa. Before you decide what type of software your company needs, you have to evaluate your company and identify its exact software requirements. Are you a large company? How many staff do you have? Are you planning on expanding drastically within the next year? How much are you willing to spend on the software? Will your staff need any training before they can use the software?It is important that you know what your company’s requirements are. You need to know where you are and where you are going as a company, and if you feel uncertain about what software package is suited for your company, get an expert to evaluate the company and identify your needs. Then make a decision based upon their recommendations and findings.Today’s advanced technology has made our lives a lot easier. Software is an accurate, efficient way of processing and keeping track of financial information. It saves you valuable time and money and will keep your company at the top of its game. So take a leap and join the world of accounting software!

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.