Finance ERP

Finance is the important department of any business organisation and finance is the backbone of any business. Finance is the handling of accounts and is the study of investments and is the science of money management. ERP software helps a lot in handling finance and the accounting process. Finance activities includes:-
  1. Investment and Accumulation goals- ERP  helps in planning and how to accumulate enough money in business and life events an is considered as planning.
  2. Tax Planning- To a common man Income tax is the largest tax in the household. Government has given many facilities such as tax deductions and credit which helps in reducing lifetime tax burden and all this can be simply done through ERP on a single click.
  3. Financial Position- The ERP helps in showing the financial position of the business which helps to analyze the profit and loss of the business. It  helps in understanding the resources available in the company by examining the net worth of the company which helps to determine to what degree and at what time the goals can be accomplished.
  4. Provides Adequate Protection- The risks involved in a company can be divided as liability, property, death, health and long term care. ERP helps to protect from all these risks.
ERP helps to handle all the processes of Finance easily as the person will be able to make Journal voucher, Purchase voucher, cash book through ERP.

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