Accounting Software or Enterprise Resource Planning (ERP) Software?
The choice between choosing an accounting software or an Enterprise Resource Planning (ERP) software depends widely on what the company wants to track, and how much of an in depth view they want into the company’s health.
Accounting software, as indicated by its name, deals with accounting transactions such as payroll, accounts receivable, accounts payable, and trial balances. Accounting software is used to strictly refer to the financial health of your company’s operations today. Common modules bundled with accounting software include, billing, sales order, purchase order, general ledger, timesheet, expense and electronic payment.
Many businesses start out with an accounting program when they are young, and volume is low. However, as a business grows and the need for additional functionality arises, there will come a time when looking at an ERP solution is best.
Enterprise Resource Planning Softwareis a fully integrated comprehensive, end-to-end solution that covers all (or most all) facets of the business. ERP has all the accounting features plus more. It’s a resource management system that aside from monitoring the business’ financials, also tracks the following: tangible and intangible assets, human resources, and materials.
If you are in the market for a new accounting software and aren’t sure if an ERP solution would better meet your needs, please call KasTech Consulting today. Our Consultants are trained to understand your needs to help you implement the best program for your company’s future growth and success.