Every organization needs few basic resources for performing their respective tasks. These are labour, currency, material, and contraption. However, within all of these resources, the primary resource will always be labour, because this resource utilizes all of the others to procure an output. Nevertheless, human resource is very difficult to manage as human behaviour and conscience are very unpredictable, as they differ from person to person. None of the two individual have similar behavioural traits, neither in capabilities. That is why it is necessary to manage the performances of an individual. It is a misconception to take this for granted that an accountant in an organization is only dedicated to accounting, audit, and tax related works. They also serve a key role in managing the performance of an individual or the entire organization. A large number of organizations accept this new system of Performance Management, since they have witnessed that this only serves for the betterment of the organization by improving management, carrying out a disciplined operation and skilled line of attack (Aguinis, 2014). This system requires a consistent input of the employees for a better development of the system. With the ongoing process of implementing this stratagem, it is very necessary to gain the confidence of the employees concerned. This trust of the employees to their organization will assist to implement a better performance management strategy. With the development of an employee, the work of a team can be developed, and this helps in the development of an entire organization. This can only be achieved with the proper implementation of performance management system in the organization and for the employees. Briefly, it can be stated that Performance Management is the process by which the management of an organization is managed. However, it is difficult for a single individual to handle the performance management of the entire organization, which is why it is necessary to use accounting software that aids in this purpose.