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ERP Accounting Module

Master any accounting operation in no time, regardless if it is a standard sales transaction or one of a kind operation

ERP Accounting module is an app that collects data and drafts reports of accounting operations, receivables, cash flows, payables, etc. It provides your enterprise with the necessary tools to manage financial issues.

You can significantly increase the performance of your company by automating tasks. Especially accounting tasks that require a high degree of accuracy. For this, you can always rely on your ERP. It gives you access to real-time data from any location. This implies that your database is updated immediately when changes occur.

Common features of every ERP accounting module

  • Client database: Here, all the information about your customers is stored. You can give your employees access to clients' data such as credentials, financial transactions, and balance sheets. This is used to provide better customer service.

  • Accounting system: it frees your employees from tons of paperwork. All your paperwork will become online reports and sheets that can be accessed by your employees.
Now, you should know what to expect when getting an ERP finance module. This module also has its functions and subsystems — systems that we will talk about below.

General Ledger

It is the heart of the finance module and gives you total control of data and its integrations with the different departments in your business. It provides a central location for accounting info needed for better decision making. All the summarized data about your finances can be found here. You are also able to set up Chart of Accounts used by your company.

Account Payables

This subsystem takes care of the input your enterprise provides in the form of products or services. It gives your company the ability to quickly register, track, and authorize incoming invoices. The form for approving invoices is simple to use. Invoices can also be generated automatically when needed. It can also match receipts with invoices automatically.

Asset Management

Fixed assets management is one of the main financial functions. This section keeps the assets ledger that provides data related to asset transactions. Assets management keeps track of your assets through their life cycle. It manages fixed asset investment and disposal, depreciation cost, revaluation.

Cash Management

All the data relating to the cash flow of your enterprise can be found here. It processes and analyzes all the money and bank transactions due to the payment of invoices. The cash management subsystem also analyzes financial transactions within a specific period of time and provides data on the source of income and use of funds to control liquidity. All this is important for your company to meet payment obligations.