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How does an enterprise resource planning (ERP) system differ from an entry-level computerized account -ink system?

How does an enterprise resource planning (ERP) system differ from an entry-level computerized account -ink system?

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Answer #1

An ERP software goes far beyond any accounting software. ERP is capable of tracking tangible and intangible assets, order fulfilment, invoicing, inventory management, production management, job costing, reporting, Human Capital Management, Customer Relationship Management etc

However, accounting software deals only with the financial aspect of operations by recording business transactions: AR/AP, journal entries, and general ledger utilized to produce basic financial reports like income statements and balance sheets.

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