What Are ERP Modules?

ERP stands for Enterprise Resource Planning. As its name suggests, a single system for all departments of an organization in a comprehensive way to integrate data. It provides a database of information available on management's fingertips. ERP software is an integrated information flow within the organization allows the organization's external stakeholders.

What are ERP modules?

Within the software, there are modules that correspond to each department of the organization. Because organizations are very different in complexity and structure, naturally, some modules will need to be done by every organization. However, the basics of each organizational structure are the same, then this article is the most common modules that are used is concerned.

Accounts Payable

AP record-keeping on the module as well as to provide quick access to outstanding invoices can help your business. All creditors and other displays information relating to business suppliers.

Accounts Receivable

Aged analysis report to the factoring module helps your business stay on track of receipts. General Ledger Accounts Receivable and Invoice modules interacts, reducing costly errors.

Bank Reconciliation

Cash flow is the most important facets of the bank reconciliation, the books you use and how much you can really tell the difference between the cash. With ERP software, you have to worry about costly errors when the bank reconciliations are not performed.

Currency

This module automatically interfaces with the general ledger and profit and loss from the exchange - provided the analyzes.

Real estate

Only a few ERP software modules come with a fixed asset class. This business of a life of more than a year helps with the purchase. Depreciation expenses automatically keep your mind on your business so that you can not own books, are calculated.

General Ledger

All businesses must keep good accounting records.At any point in your business life, a trial balance, cash flow statement, income statement and balance sheet can generate.

Job costing

Now the perfectionist, a percentage of management costs by providing analysis during the process can understand the work.

Time Billing

Per hour of service rendered the trade bill the customer, this module keeps track of paperwork.

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