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Difference Between Personal Finance Software and Legal Software

Difference Between Personal Finance Software and Legal Software

Summary: Difference Between Personal Finance Software and Legal Software is that Personal finance software is a simplified accounting program that helps home users and small office/home office users balance their checkbooks, pay bills, track personal income and expenses, while Legal software assists in the preparation of legal documents and provides legal information to individuals, families, and small businesses.

Difference Between Personal Finance Software and Legal Software

Personal Finance Software

Personal finance software is a simplified accounting program that helps home users and small office/home office users balance their checkbooks, pay bills, track personal income and expenses, track investments, and evaluate financial plans. Most personal finance software includes financial planning features, such as analyzing home and personal loans, preparing income taxes, and managing retirement savings. Other features include managing home inventory and setting up budgets. Most of these programs also offer a variety of online services, such as online banking, which require access to the Internet.

Legal Software

Legal software assists in the preparation of legal documents and provides legal information to individuals, families, and small businesses. Legal software provides standard contracts and documents associated with buying, selling, and renting property; estate planning; marriage and divorce; and preparing a will or living trust. By answering a series of questions or completing a form, the legal software tailors the legal document to specific needs.

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