Bookkeeping and Accounting

Introduction to ERP Financials

One of the core functions of an ERP system is integrating financial management with other business operations. By capturing transactions from purchasing, sales, and inventory processes, the ERP system ensures that financial data is automatically updated and synchronized across the system. This streamlines accounting tasks and reduces errors caused by manual data entry.

Core Accounting Modules:

• General Ledger: Tracks all financial transactions and provides a full record of a company’s financial performance.

• Accounts Payable (AP): Manages the money your business owes to suppliers.

• Accounts Receivable (AR): Manages the money owed to your business from customers.

Placeholder for Screenshot: General ledger overview in Pakk