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Differences between ERP and traditional accounting |
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ERP is not an accounting software. It is an information technology solution which can provide an enterprise with general and comprehensive management. For this reason, it requires strict obedience and professional knowledge from users. Its versatility is described as below:
- - Posting journal entries
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- Establish intermediate accounts
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- Automatic posting
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- Reversing entry
Complete operation
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- Flexible structure of accounting system
- - Collecting and classify reports from all branches
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- Showing a real “picture” of enterprise’s business situation
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