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<p>Can use one of the previous things or two of them or more, or is it?</p>
To be honest all the above , as you nee Software in order to manage your data and be ready to execute any report on time with accuracy basis , also excel in order to make cross check with your system to be confirmed of your output and security as well to make sure all the parties covered well.
It depends. but you should also elaborate your question further so I can answer more accurately. Excel is good in sorting out information manually than any other customized or normal accounting softwares.