SQL Accounting is the foundation of any successful ERP (Enterprise Resource Planning) implementation. Businesses can get accurate financial information to understand what is being bought, when it was purchased, and, more importantly, how they can improve their efficiency. The powerful features of SQL accounting make it an ideal choice for many organizations. SQL accounting will bring benefits to businesses that depend on SQL databases to facilitate secure, flexible and efficient interactions with vendors and customers. 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. Real-time reporting allows you to track sales, inventory, personnel movement, and other information at any given moment. This makes it easier for businesses to get things done faster. 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. All SQL-based solutions include data mining, which allows you to extract the information needed for analysis.
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. Integration with other software systems allows for greater portability and compatibility. When data is properly archived and linked, you can run your reports from multiple computers.
General ledger It is one of the primary financial documents in your company. 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. It is used to calculate the company’s net worth, or cash on hand. General ledger software enables you to make direct access to the data in the General Ledger by using Data Mart modules, or install your own third-party accounting application that has 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. Incoming payments are immediately deposited into your bank account. Posting can be either through internet banking or through 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.
Sales module – With sales module you can easily determine the cost of products as they are bought and sold by your 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.
Invoice module – If you want to view your invoice history, then the Invoice module in your sql database management can help you. You can create custom views for each product/ item that you have in inventory management. 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.