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. 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. 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.
SQL Accounting Software is a very popular option for business owners because it offers real-time reporting. Get things done much faster by having real time reporting that gives you information on sales, inventories, and personnel movements at any point of time. 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.
Improved inventory management The ability to track and monitor inventory levels is another advantage of using an accounting program like SQL accounting. 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. The ability to integrate your software with other systems also provides greater compatibility and portability. 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 allows you direct access to data within the General Ledger using Data Mart modules. You can also install third-party accounting applications that support 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. You can post via internet banking, or 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 function is great for businesses that sell products online or receive multiple orders from customers.
Module Invoice – The Invoice module is a module that allows you to see your invoice history. 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.