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. SQL accounting is a powerful tool that many companies can use to improve their efficiency. 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. 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. Furthermore, the availability of streaming data minimizes dropped network transactions that can affect 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.
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. The ability to integrate your software with other systems also provides greater compatibility and portability. When data is properly archived and linked, you can run your reports from multiple computers.
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. 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 – With this feature, you can post orders immediately to customers and not wait for them to arrive the next day. Incoming payments are immediately deposited into your bank account. You can post via internet banking, or mobile devices. These features can be easily integrated with other sql core modules to create an amazing experience.
Small and medium-sized companies need to manage inventory. This feature makes it easier to track inventory and products as they pass through 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. The advanced inventory management features also enable you to enter order information and make sales and returns, quickly and easily.
Sales module – With sales module you can easily determine the cost of products as they are bought and sold by your customers. To determine the price history, you can input sales amount, purchase date, and price history. This function will allow you to give accurate and near-real time quotations. 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. You can create custom views for each product/ item that you have in inventory management. 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.