Category: SAP ERP courses 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. The integration of all of a company’s information from all departments, processes, operations, etc. requires that an ERP system be very sophisticated. This in turn requires a company to commit considerable resources for planning, training, and implementing an ERP system. Two of the most popular ERPs are SAP and Oracle. Accounting Software vs. ERP Accounting software, as indicated by its name, deals with accounting transactions such as payroll, accounts receivable, accounts payable, and trial balances. Common modules bundled with accounting software include billing, sales order, purchase order, general ledger, timesheet, expense, and electronic payment. Simply put, accounting software, as it is traditionally known, is a subset of any ERP bundle. ERP software is a resource management system, tracking tangible and intangible assets, materials, human resources, and financial resources. If you are wondering why the software covers financial resources, it is because ERP […]
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