| Business accounting software has become | | | | accounting software. Naturally, all companies need |
| something of an essential thing to invest in for | | | | to keep tabs on its inventory - and so you will |
| many companies around the globe. It facilitates | | | | find a stock/inventory module on nearly all |
| the complex and ongoing financial processes used | | | | accounting programs. A purchase order module |
| in day to day business. In this article we'll look at | | | | will help the company log any service or product it |
| the various key modules commonly used on | | | | buys. And finally, a Sales Order module - which |
| commercial accounting programs. Even the | | | | records the company records orders with the aim |
| smallest firm finds that their financial situation is a | | | | of supplying the inventory. |
| lot easier to keep track of when business | | | | Non Core Modules |
| accounting software is used. As such, this sector | | | | Most accounting program brands will also offer a |
| is fiercely competitive and is worth a huge | | | | range of other modules which will serve some |
| amount of money. | | | | other aspect of business; but aspects which are |
| The Core Modules. | | | | perhaps a little more niche or less commonly |
| Most pieces of business accounting software will | | | | utilized. |
| include the following core modules - considered | | | | Debt Collection modules, as the name suggests, |
| necessary for the basic operations of commerce. | | | | logs a firm's attempts to obtain monies owed to |
| All pieces of business accounting software include | | | | it. This is sometimes part of accounts receivable |
| an 'account receivable' core module, which is | | | | (see above). Other popular add-on modules might |
| where a given company inputs the various monies | | | | include ones focusing on electronic payment |
| it has received. Following this, of course, will be | | | | processing, expenses (employee's business related |
| the account payable; this is naturally where a | | | | expenses), Inquiries (a module that throws up |
| company enters the amounts it owes (bills etc.). | | | | unedited company data), and Payroll modules |
| Most pieces of business accounting software will | | | | (clearly wages, salaries and taxes). |
| include a 'general ledger' - which is of course the | | | | There are a wide range of brands that offer |
| company's books. | | | | these business accounting modules, such as |
| All companies need to produce invoices for clients | | | | QuickBooks or Sage, but if any search on the net |
| or customers, and this process will be made a | | | | will provide you with a whole range of firms that |
| great deal easier if they have a billing module - | | | | produce this increasingly crucial aspect of business. |
| which again, is very likely to be included on any | | | | |