diff --git a/README.md b/README.md
index 950bcbf..1a60faf 100644
--- a/README.md
+++ b/README.md
@@ -1,6 +1,6 @@
 # FrugalityBot
 
-Frugality is a Discord Bot written in Ruby using `discordrb` and PostgreSQL. Its usage is meant to track your own finances, with monthly reports. Work in progress.
+Frugality is a Discord Bot written in Ruby using `discordrb` and PostgreSQL. Its usage is meant to track your own finances, with monthly and/or yearly reports. Work in progress.
 
 ## Features
 1. Commands are separated into individual files in `src/commands`. This is the only place you'll need to add a new command.
@@ -14,6 +14,7 @@ Before running the bot, ensure you have the following installed on your system:
 * **Bundler**
 * **PostgreSQL**
 * **Git**
+* **ImageMagick**
 
 ## Installation
 1.  **Clone the repository:**