Accounting and Finance

The Tiny ERP core accounting solution covers General Ledger, Accounts Receivable, Accounts Payable, Bank Reconciliation, Cost Control and Budget Control. The transactions are based on the double-entry bookkeeping and the multi-currency principle. There are home and source currencies in order to be able to deal with transcations with foreign countries. In this way, the transactions are held in a currency by default but each account and/or transaction can have a secondary currency.

Thanks to its complete integration with the other modules and real-time principle, the Tiny ERP accounting solution is no more simply a reporting tool but the heart of the business management. Indeed, the accounting actions have an influence on the performance of the company operations. Thus, if the Accounting Manager decides of blocking a customer account, that can directly affect the commercial and stock managements.

Integration with the other modules also allows to minimize the accountants work because most of the transactions are automatically generated. Indeed, the sales transactions come from the invoices, which come themselves from the sales orders or delivery note. That allows to avoid a double encoding, often mistake source.

Finally, Tiny ERP established a strong link between the the general ledger, the cost control and all the other modules. That allows a very effective control of the costs and revenues, very useful in many cases: projects financial follow-up, management by business taking all the costs and incomes into account, (human resources, raw materials, production cost),...

In this chapter the accountancy bases under Tiny ERP will be presented. But you will also find many concepts interesting which don't exist in the traditional software accounting. To make mouth water, here there are:

The virtual plans allow to create account planswhich are automatically calculated on the real basis plan. It is particularly interesting for the accountancy of which the account structure is imposed by the state. Out that isn't always the company view which the financier would like to have. (by project rather than by job, plans consolidated in real time…). With Tiny ERP, you can create plans as many as wish in financial accountancy and the cost accounting. Then, use the reports crossed for very advanced reporting.
In Tiny ERP, the fiscal years management is enough flexible to allow you to work on several years at the same time: budgets at 3 years, states spanning to several years,...
The tree accounts structure can be reorganized ad infinitum without requiring recacul data. You can thus easily restructure your real plans or virtual during the year for better reflecting the company reality.

It is also possible to install only the accounting module to use Tiny ERP like a simple accounting software, without commercial management.