Accounting & ERP

accounting

Accounting is the record of financial transactions plus storage, retrieval, summarize, and present the information in various reports and analyses. An ERP solution can have all the accounting software features plus more. It’s a resource management system that aside from monitoring the business’ financials, also tracks the following: tangible and intangible assets, human resources, and materials. In accounting, ERP is the acronym for enterprise resource planning. ERP could be described as a database software package that supports all of a business’s processes and operations including manufacturing, marketing, financial, human resources, and so on. In other words, the goal of ERP is to have one integrated system for the entire company.

 

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Financial Accounting
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