Bookkeeping and accounting software is a subset of accounting ERP software.
Terms “bookkeeping” and “accounting” strictly refer to the financial aspect of the business operations. Therefore, any accounting software provides major functions of financial management and control such as accounts receivable, accounts payable, invoicing, trial balances, general ledger, and payroll. Some software providers improve accounting software systems with modules for managing additional business activities, for example, billing, purchase order, sales order, electronic payment, timesheet, and others.
Accounting ERP software solution includes all accounting software features and many others. This powerful software system provides all functions that are needed for monitoring and managing:
Intangible parameters such as working hours, product life cycles, customer relations, key performance indicators are not financial in itself, but have an influence on the company’s finances and are essential to accounting.
Implementing the accounting ERP software gives companies many advantages and, first of all, streamlining processes, increasing efficiencies, and improving productivity.