Recording Transactions

ERP systems automatically capture and record financial transactions as they happen across other business processes. For example, when stock is received, the ERP updates inventory and records the associated cost. Similarly, when a sales order is processed, the system captures revenue and updates accounts receivable.

Types of Transactions Recorded:

• Purchases and Expenses: Includes goods and services bought from suppliers.

• Sales and Revenue: Captures revenue from customers when goods are sold.

• Stock Movements: Financial impact of receiving goods, adjustments, or stock depletion.

Placeholder for Screenshot: Transaction entry and tracking in Pakk