ERP Accounting

Accounting ERP Software: you can count on it

Whether dealing with accounts payable or accounts receivable, asset management, depreciation models, taxes, payroll, budgeting, forecasts, procurement, distribution, inventory or any other of the myriad of issues that relate to the financial aspects of a business, having accounting ERP software that can do the job is essential.  Gone are the days of Ebenezer Scrooge and Bob Cratchett.  High wooden stools, paper ledgers, tinted visors and inkwells all occupy their proper place in some museum somewhere.  It is 2011.

Accounting ERP software has become the accountant’s workhorse, however, like Oliver Twist, the business world would always like some more. It used to be that the accountant did this, the bookkeeper that, the taxman this, the production or plant manager that.  The lines have become blurred by accounting ERP software that has automated and interconnected the numbers and activities of all departments.

Whereas, experience once dictated material needs projections, ordering trends and marketing efforts, accounting ERP software now does the grunt work leaving humans free to think creatively with the mounds of data that the software can supply. It is still up to the human to ask the right questions, provide the correct raw data, and create relevant reporting from which to make sound decisions.  However the days of noisy adding machines and slide rules are over.

The dawn of accounting ERP software coincided with enterprise resource planning applications as they developed. It did not take long for developers to see the value in the interfacing of various business systems within an organization.   And as the one armed adding machine was once a staple in every accountant or bookkeeper’s cubicle, the computer has, of course replaced it in the world of today’s business.

Accounting ERP software has become a robust tool with functionality that grows by the minute.  Accounting practices are more sophisticated, for example, subsystems exist that are designed to interface with other software systems within an organization and automatically take care of invoicing for services and products as they go out the door. Personnel are then free to tackle the unique situations that require creative input that only a person can provide in a timely way.

This begs the question of how did business ever get along without accounting ERP software in the past?  For that matter, how did we get along without electricity, television, vacuum cleaners, microwaves, cars, etc?  We did, but how soon we forget and the exception becomes the norm.   

Written by :

kristine H