Author Topic: What is the difference between ERP and Accounting software?  (Read 741 times)

Offline midtech

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Accounting software
Accounting software is used to describe a type of application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, and trial balance. It functions as an accounting information system. Many vendors bundle Accounting software with modules for relevant business activities like billing, sales order, purchase order, general ledger, timesheet, expense, and electronic payment. Types of accounting software are Sage 50 Accounting, QuickBooks Accounting and Busy Accounting software

ERP
Enterprise Resources Planning (ERP) package handles all the entire range of business functions of an organization. An ERP solution can have all the accounting software features plus more. Itís a resource management system that aside from monitoring the businessí financials, also tracks the tangible and intangible assets, human resources and materials. Intangible parameters include working hours, product life cycles, key performance indicators and customer relations. These are not financials per se, but they impact on the companyís finances; hence, they are essential to your accounting. Types of ERP solution include Tally.ERP9, Microsoft Dynamics and Oracle JD Edwards

Most ERP solutions today offers Accounting software as an entry-level package. As your business grows, so does your requirement for automating more complex data recording and reporting processes.

For more information on the best Accounting software/ERP solution that suit your business, visit or call

MAY IDEAL TECHNOLOGIES
Corporate office:  2nd floor, 8 Majekodunmi Street, Allen Avenue, Ikeja.
Telephone:  08180072860
Website:  www.miterp.com
Mail: info@miterp.com

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