SQL Accounting is the cornerstone of any ERP implementation. With accurate financial reports, businesses can understand who buys what, when and how much and more importantly, how to improve efficiency. SQL accounting is a powerful tool that many companies can use to improve their efficiency. SQL accounting will bring benefits to businesses that depend on SQL databases to facilitate secure, flexible and efficient interactions with vendors and customers. The following benefits of using an accounting program like SQL accounting are just a few of the reasons why organizations choose this type of database for their ERP system. Learn more about the capabilities of SQL accounting today.
Real time reporting This is one of the primary reasons why SQL accounting software is such a popular choice among business houses. Real-time reporting allows you to track sales, inventory, personnel movement, and other information at any given moment. This makes it easier for businesses to get things done faster. Streaming data also reduces network transaction drops that could impact your bottom line. Store virtually limitless years of historical data for better overall decision-making with integrated Open Source solution and real time reporting. Data mining – the ability to automatically obtain information that is needed for analysis – is also available with all SQL based solutions.
An accounting program such as SQL accounting can help you track inventory levels and improve your inventory management. To view inventory levels and track statuses of pending orders, you can create reports or use functions such as sales order tracking. The flexibility of the data models and the reporting capabilities of the data will help you achieve greater accuracy and reduce cost while managing your inventory. Integration with other software systems allows for greater portability and compatibility. You can access your reports on multiple computers if you have the data properly archived.
The general ledger is the most important financial document in your business. This document contains all transactions that your company made during the past year. The General Ledger includes information about your company’s accounts payable, receivables, gross income and loss as well as inventory balances. This is what you use to determine the net worth of your company or cash in hand. General ledger software enables you to make direct access to the data in the General Ledger by using Data Mart modules, or install your own third-party accounting application that has SQL database support. You can also use modules in SQL accounting software to generate reports or make general ledger transactions.
Advanced Features Real-time posting – This feature makes it possible to post orders to your customers without waiting for the next day. Incoming payments are immediately deposited into your bank account. Posting can be either through internet banking or through mobile devices. You can easily integrate these features with the rest of the sql accounting core modules for an incredible experience.
Small and medium-sized companies need to manage inventory. With this feature, it becomes much easier to manage inventory, products, and goods as they move across the sales floor. Inventory management allows you to have complete control of your stock including broken stock, excess and quantity, as well as sales floor stock. With real time posting, you can easily track your sales floor stock levels and make necessary adjustments to optimize your inventory management processes. Advanced inventory management tools allow you to quickly enter orders and perform sales or returns.
Module Sales – This module allows you to easily calculate the price of your products when they are purchased and sold by customers. You can enter sales amount, date of purchase, and price history to determine price history. This function will allow you to give accurate and near-real time quotations. This feature is ideal for companies that ship products over the internet or that receive many different orders from different customers.
Module Invoice – The Invoice module is a module that allows you to see your invoice history. You can create custom views for each product/ item that you have in inventory management. You can view the bill summary, number, date, and other information related to invoices. The Invoice module in your sql server is a valuable tool for your company’s invoicing needs.