The use of professional ERP accounting programs contributes to improving financial and accounting operations within companies, business institutions and various commercial activities, which results in the growth and development of businesses according to the established strategic plans and declared goals.

Large companies in particular resort to relying on integrated ERP accounting programs to assist in financial management and building accurate financial reports and efficient analyses that help make sound decisions based on data.

In this new article, we will explain the importance of ERP financial accounting programs, how they contribute to improving companies' financial operations, and what are the criteria for choosing the best financial accounting program for your organization.

Why ERP accounting program?
ERP is known as a system for planning all corporate resources and linking all operational processes and workflow tasks to each other through electronic automation, such as sales management, operations management, inventory management, production and other departments. We specifically mention here ERP accounting programs, which are the software and digital systems responsible for planning to manage all financial and accounting tasks within companies of various shapes and sizes of business.

These tasks include managing debtor and creditor operations, the process of managing supply orders and purchase orders for inventory products, sales management operations, and financial tasks related to payroll and other tasks that ERP accounting programs link together, which helps in processing matters and tasks related to the various workflows and completing all procedures related to these data documents quickly, accurately and efficiently.

How do ERP accounting programs help improve financial operations?

By using integrated ERP accounting programs, you will be able to start the process of digital transformation of your financial management and control financial tasks efficiently and professionally, as these programs contain tools and applications that work to reduce time, effort and cost and improve the management of financial operations.

Professional and integrated financial accounting programs provide an important set of systems and services represented in the following:

Managing various accounts
Companies contain a number of different accounts such as daily entry accounts, revenue accounts, customer accounts, various company balance accounts, and others. All of these accounts contain a large number of data that are recorded daily and processed in various ways. Through professional ERP accounting programs, you will not have to process this data manually and traditionally, which used to cause many errors. All you have to do is record the initial data, and then the program will deal with this data, perform its mathematical equations, and update the data associated with it through linking and integration processes to obtain accurate, detailed, and error-free results.

Recording daily entries
Through the program, you will be able to classify your facility's daily entries, whether debit or credit, and record daily data for each entry easily and quickly and track them instantly at any time and from anywhere.

Issuing electronic invoices
Integrated ERP accounting programs support electronic invoicing for all your sales transactions and recording them easily by importing products through the codes registered in them in the inventory management database and issuing them in accordance with the Tax and Zakat Authority.

In addition to supporting value-added tax, you can print invoices after completing their registration or send them to customers via email and attach them later with customer data in the customer database.

Purchasing Management
Financial accounting programs also support the purchasing management system and link it to the financial management, so that you can easily issue purchase orders and send them to the financial management to obtain the required approvals through electronic automation of workflow tasks easily and in a short time. You can also track, review and match supplier accounts with issued purchase orders, all from one place.

Sales Management
ERP accounting programs provide a sales management system that helps companies record and track everything related to financial matters in sales management. Through the program, you can track sales orders issued to your customers and match them with various payment reports such as deferred payment operations and payable checks and view customer account balances to ensure that they match those operations. In addition to managing sales department employee commissions and matching them with sales performance reports for each employee at the end of each month.

Installment Management
The payment methods available to corporate and business clients vary, and through ERP accounting programs you will be able to organize and manage the installment payments available to your clients, record them in their database, link them with financial management data easily, and record the monthly due dates for each payment.

This is in addition to the feature of creating alerts for the date of each installment and sending alert notifications to customers about those dates via SMS or email.

Budget Management
In order to be able to plan your organization's resources well, you must control the management of the organization's budget, and control all data and resources such as expenses, costs, etc. to know what points need to be improved and developed efficiently, which you can do by using integrated ERP accounting programs.

Issuing reports
Because financial management depends on various and important reports that business owners rely on to know the financial status of the company and analyze it to make important decisions related to all aspects of the work; therefore, these reports must be accurate in their data and without any errors. This is what ERP accounting programs offer you through the reporting tool that enables you to issue reports at any time, such as daily restrictions reports, customer balance reports, company account balances, and budget balances.