Companies have the choice of transaction processing accounting systems and enterprise resource planning systems. Transaction processing systems are generally lighter-weight software that only captures accounting and financial data. For example, a transaction processing systems can capture the date, debit account and credit account of a journal entry. Enterprise resource planning systems, or ERPs, integrate all aspects of a company's operations into the accounting information system. Which system a company chooses depends on several considerations.
Get Answers For Free
Most questions answered within 1 hours.