Accounting Software
An accounting software is an application program designed specifically to facilitate financial and accounting work in areas such as General Ledger, Account Receivables, Account Payables, Payment, and other accounting activities to produce financial statements for reporting and decision making purpose.
ERP System
ERP (Enterprise Resource Planning) system is a business management system that consists of an integrated programming package and multi modules designed to serve and support various functions for the company operation and managing.
Finance & Accounting - Core of the System
Basically, an accounting software is created with the aim to facilitate an accountant in making financial statements consisting of balance sheet, ledgers, trial balance, statement of cash flow, profit and loss, etc. This software provides benefits for the company such as accelerating the work of financial work, avoiding miscalculation, automating transactions, assisting companies in the financial monitoring.
ERP – All in One System
While an accounting system covers everything a SME needs for accurate and efficient financials, an ERP system covers a wide range of functionalities such as business planning, resource analysis, purchasing management, sales projection, finance and accounting, inventory management, and human resource management etc.
Meanwhile, a good ERP system able to easily integrate with other solution or system for example Point-of-Sales, Warehouse management, e-Commerce, barcode scanners and so on. More importantly, a good ERP system is designed to be scalable, so it can grow alongside your business.
SAGE 300 and SAP Business One applications provide basic modules such as Sales & Purchase Order Entry, Inventory, Finance etc. Besides, both application systems do include modules such as Payroll, Asset Management, Resources Planning, Production and so on to better manage and bring value to your business whether retail, manufacturing or other industries. Managing everything across multiple modules within a few clicks and within a system will definitely makes your business seamless and productive.
ERP – All Connected into One
Everything is run automatically and connected to each other. For example, when the accounting division creates an invoice for goods purchases, the warehousing or inventory division can see that there will be an increase in the number of items. Then, the finance division can see that there is an expense, and the accounting division can also see the published journal entries automatically. All reports from all divisions can be seen by corporate managers.
SAGE 300 application is known as a batch processing ERP system which process transactions one at a time, usually will be done at the end of the day. To keep your audit trail and reports up to date meanwhile tally across modules, in SAGE 300, you may do Day End Processing as part of your daily routine. Day End Processing processes all posted transactions in sub-modules such as Order Entry and Purchasing Order etc to Account Receivables/Payable or General Ledger, since the last time you ran Day End Processing,
SAP Business One (SAP B1) application processes and computes transactions in real time upon we do data entry and directly reflects into system which we could introduce it as a real-time processing system. This means that SAP B1 managed to receive and process input data rapidly and then provide output instantaneously. The significant output of a real time system is up to date information and analysis reports such as Sales and Purchase Analysis or even Financial Reports.
-- Businesstech Hashmicro