Accounting software is of great benefit to your company if it is successful in meeting the business needs. This software helps to restructure the entire accounting process along with an easy to understand audit trail. But accounting software not always works wonders for your business. It can also lead to complication of your business strategy and process causing frustration among the users. This makes it important to very clearly evaluate and analyze the software that you would be using for your business’s current and future requirements. It is also vital to check if the software integrates well with all your business practices.Prior to purchasing the accounting software it is essential to first determine the needs of your business. The functions of this software vary depending on the kind of business establishment. For instance, a retailer would benefit from the software function of tracking inventory whereas those in the service sector find the time tracking functionality more beneficial due to the nature of the work. In fact, there are certain account software’s that are crafted specially for certain industries, the features of which are not available in a general accounting software. This is why the need to examine the business requirements is so significant.The other important function of this software is to polish the procedure of recording transactions. Any small business wanting to get the maximum out of this kind of software should choose one which promotes integration of all the important information along with the standard accounting methods. Customized business forms like purchase order number, invoices should be easily provided by this accounting business software. The software should be able to access the names, phone numbers, contact address of the customer and the vendor. In order to make the process of payroll checks easier all databases that contain the employees’ names, contact number, address and tax information should be connected and automated simply by the software. The key aspect of accounting software is to automate maximum accounting process and integrate vital business data.It is essential for all small business owners to ensure that the accounting software grows with their own businesses. To completely begin working with a new software package to expand business can become a very costly affair. Hence you should always select that accounting business software which is able to provide you with additional features and can be easily upgraded. Software with a great track record and a trademark of a reputable company is an ideal choice.

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.