GAAP compliant accounting software is a type of computer program that helps businesses adhere to Generally Accepted Accounting Principles (GAAP). This includes rules and regulations set by the Securities and Exchange Commission (SEC) and other government agencies. It is an essential tool for financial reporting, as it ensures data accuracy and provides business owners with information they need to make informed decisions. With GAAP compliant software, businesses can streamline processes, decrease errors and simplify tax compliance. Ultimately, this software helps provide accurate, consistent and transparent financial reports that satisfy all relevant regulations.