warehouse management system
Warehouse Management
September 6, 2017
CRM
Customer Relationship Management
September 6, 2017

Accounting Module

accounting

The accounting segment of ERP systems is generally defined as including three major categories of functionality needed to run the financial accounts for a company – Financial (FI), Controlling (CO) and Asset Management (AM). ERP generally comprises of following core modules: Accounts Payable (AP), Accounts Receivable (AR), Cash and Banking System (C&B), General Ledger (GL), Asset Register/Fixed Assets (FA). Also included in the FI category are the procedures to post accounts, close the books for the month and year, prepare financial statements including the balance sheet and planning functions. Naturally, the system provides the capability to document processes, prepare reports, archive certain data and make additions and changes to the financial data as necessary.

User-Friendly Accounting Solution | Accounting Simplified

The most important aspect of ERP application development is to streamline the process of financial management. This is necessary to plan business objectives, achievements and new product or service launches.Record transactions in a few clicks & easily manage all financial activities in one place.

Key Features of Accounting Module:

  1. Double-entry bookkeeping
  2. Accrual and Cash Basis Methods
  3. Multi-companies & Multi-currencies
  4. International Standards
  5. Accounts Receivable & Payable
  6. Wide range of financial reports
  7. Import bank feeds automatically
  8. Calculates the tax you owe your tax authority
  9. Inventory Valuation etc.