ERP is an acronym which correspond to enterprise resource planning (ERP). It is a business process management software that copes with and incorporates a company’s financials, supply chain, processes, reporting, manufacturing, and human resource activities. Enterprise resource planning (ERP) is business process running software that allows a business to use a system of integrated applications to run and direct the business and mechanize and automate many back-office functions that are related to technology, services and human resources.
ERP helps in accounting by simplifying accounts receivable and accounts payable, decrease your overhead, and enhance cash management and cash flow issues. Further it provides better control of your business. Generally, implementing an ERP system in your business for your business accounting processes will provide you with more control of your business. In addition to that, there are other benefits of using any best ERP software in your business.
- There are no duplicate data entries,
- Fewer mistakes are made,
- It provides you with comprehensive financial reports,
- Increased automation which helps more in control and r
- Reduce labour cost and
- Finally the better control of your business.
- A best Accounting software supports many functions like payroll, time tracking and tax reporting. But accounting software works in slightly different way when integrated with an ERP. In this case, your ERP database mechanically provides the accounting module with data from processes company-wide.
Difference between accounting software and ERP
The difference between enterprise resource planning and accounting software is that accounting software commonly includes areas like accounts receivable and payable, banking, financial reporting and some basic revenue or sales recording and tracking. Accounting software manages and controls only a precise area of a business. Enterprise resource planning software on the other hand, will always comprise the functionality of any best accounting software. in addition to that ERP also includes the tools for managing the supply chain, logistical requirements, inventory, warehouse management, contact management, eCommerce and more. ERP is a fully integrated complete, end-to-end key that covers and manages all or nearly all sides of the business. Many businesses began with basic and simpler accounting functionality when the company is a start-up and order and operational volume is not that high. However, as a business grows and becomes more complicated, the need for additional functionality arises, there will come time to start looking at state of the art best ERP software solution.
About Hisaab.pk ERP Software
Hisaab ERP is undoubtedly the best erp software in Karachi, Pakistan covering all major areas of the business namely sales, purchase, supply chain, general ledger accounting, manufacturing and business intelligence dashboard. Its seamless design enables business owners to plug loopholes and control weak areas of their business. It complies with the international accounting standards (ISA/IFRS) and is been developed by a team of qualified chartered accountants. It is a complete web based solution and team of hisaab being based in Karachi, Pakistan delivers training and deployments online to all areas in Pakistan. Major clients are in Lahore, Karachi, Islamabad, Peshawar, Rawalpindi, Faisalabad, Sialkot.