When extracting and using accounting and financial data, you are most likely to come across a Relational Database Management System (RDBMS). RDBMS is the most common type of database used for accounting and financial applications because it provides a structured and organized way of storing and retrieving data. It allows you to easily establish relationships between data, such as linking customer information with transaction data, and supports complex queries and reporting.
Examples of RDBMSs include Microsoft SQL Server, Oracle Database, and MySQL. These databases are well suited for use in accounting and financial applications because they provide robust security features, support for transaction processing, and offer flexible data modeling options, making it possible to manage large and complex data sets with ease.