What are the Key Features of an Excel Accounting System?

SQL Accounting is the foundation of any successful ERP (Enterprise Resource Planning) 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. 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. The ability to integrate your software with other systems also provides greater compatibility and portability. When data is properly archived and linked, you can run your reports from multiple computers.

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. General Ledger also includes statements about the balances held by your company in accounts payable and receivable, gross income, and loss, and inventory. This is what you use to determine the net worth of your company or cash in 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. For more convenience, there are various modules that you can use in SQL accounting software that allow users to create reports and to 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. 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.

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.

Module Invoice – The Invoice module is a module that allows you to see your invoice history. You can create custom views for each product/ item that you have in inventory management. You can view the bill summary, number, date, and other information related to invoices. The Invoice module in your sql server is a valuable tool for your company’s invoicing needs.