SQL Accounting is the foundation of any successful ERP (Enterprise Resource Planning) implementation. With accurate financial reports, businesses can understand who buys what, when and how much and more importantly, how to improve efficiency. The powerful features of SQL accounting make it an ideal choice for many organizations. Businesses that rely on SQL databases for secure, flexible, and convenient interactions with customers, vendors, and other internal resources will reap the benefits of the SQL in accounting feature. These are only a few reasons organizations use SQL accounting as their ERP program. Find out more about SQL accounting.
SQL Accounting Software is a very popular option for business owners because it offers real-time reporting. 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. Furthermore, the availability of streaming data minimizes dropped network transactions that can affect your bottom line. Integrated Open Source solutions and real-time reporting allow you to store virtually unlimited years worth of historical data. This will help with better decision making. All SQL-based solutions include data mining, which allows you to extract the information needed for analysis.
Improved inventory management The ability to track and monitor inventory levels is another advantage of using an accounting program like SQL accounting. You can prepare reports and use other functions like sales order tracking to view the supply on hand and to track the status of pending orders. 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. It contains information about all financial transactions made by your company for the year. General Ledger also includes statements about the balances held by your company in accounts payable and receivable, gross income, and loss, and inventory. It is used to calculate the company’s net worth, or cash on 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 – With this feature, you can post orders immediately to customers and not wait for them to arrive the next day. Your bank accounts are instantly credited with any incoming payments. 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 gives you complete control over your stock, including sales floor stock, broken items, excess, and excess quantity. 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. To determine the price history, you can input sales amount, purchase date, and price history. With this function, you will be able to provide accurate, near real time quotes. This function is great for businesses that sell products online or receive multiple orders from customers.
Invoice module – If you want to view your invoice history, then the Invoice module in your sql database management can help you. Each product/item that is in your inventory management can be customized. This feature can help you view bill summary, quantity, date of invoice, and many other related information that pertains to your invoices. Your sql server has an Invoice module that can be used to manage your invoicing.