Slowly the ERP software program might take over the accounting software program fully in future. The enterprise all over the world is feeling the need to put off the standard accounting system and adopt the advanced ERP packages out there in immediately’s market. The fundamental and first difference between ERP and accounting software is that the accounting software program handles particular person business accounts whereas Enterprise Resource Planning or ERP software handles all the enterprise accounts and features of an organization. The ERP caters to all of the attainable functions of the enterprise and helps to supply a platform to integrate the enterprise functions. It permits for seamless circulate of knowledge between these features. The accounting software program doesn’t present for this sort of performance. It focuses more on the statistics and numbers of the resources, budgets, departments and stories.
Profitability Ratios Analysis Pdf
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