Tax law is an area of legal study dealing with the statutory, regulatory, constitutional, and common-law rules that constitute the law applicable to taxation, which is the method by which the government levies on economic transactions. wikipedia.org

TurboTax is a tax preparation software package. wikipedia.org

Clear Books is an accounting a commercial web-based accounting software targeted for small businesses. It focuses on providing a simple, time-saving interface.

Accounts payable is a file or account sub-ledger that records amounts that a person or company owes to suppliers, but has not paid yet (a form of debt), sometimes referred as trade payables. wikipedia.org

International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. wikipedia.org

Reconciliation is the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement. wikipedia.org

Xero is an online accounting software product for small and medium-sized businesses, as well as for personal finance. The product is sold by subscription (a distribution model commonly known as Software as a Service or SaaS) requiring the payment of a monthly fee. wikipedia.org

QuickBooks is a line of business accounting software developed and marketed by Intuit. wikipedia.org

Microsoft Office is an office suite of desktop applications, servers and services for the Microsoft Windows and OS X operating systems. wikipedia.org

A financial statement (or financial report) is a formal record of the financial activities of a business, person, or other entity.