The software in general, and specifically the accounting software has been around for over 20 years. Generation of windows applications migrated early to DOS systems, which formed the basis for the introduction of the cash book being entry-level and accounting systems.
The accounting software market is now very mature in the modern PC environment, Windows, and Macintosh. You can also look for Xero accountants via https://www.rwkaccountancy.com.au/start-a-business/.
Image Source: Google
This means that low-end accounting products these days here are sophisticated systems with advanced features. For several hundred dollars, you get an accounting operation with inventory control, payroll, currencies, storage, and contact management.
Add into the mix the load on these business leaders of the new wave of resolutions and we start to see things like integration with your banking software included in the products, features automatic bank reconciliation, PayPal integration, etc.
Another factor more features in products today is the sophistication of the market. Many buyers today are getting an accounting system for at least the second if not the three-time.
They know what they need and they know what is possible, forcing suppliers to deliver much the different price points. Accounting software has become a business software as companies demanded more from their supplier. The good news is the customer wins.