Integrated Accounting software comes with different modules, including Account Receivable, Account Payable, General Ledger, Payroll, Inventory and Point of Sales. Most ERP system comes with integrated accounting, for other business software; it may or may not include the financial reporting system.
Now there are some company that provides source code based Integrated Accounting Software, allows developer from Software Company or in-house development team to customize and provide powerful integrated financial features to their system!
Before this type of source code based accounting available in the market, software vendor or in-house developer must build their own system from ground up, normally takes about 12 to 18 months to complete. Including testing and debugging, the whole project may take up to 2 years to complete only the financial module.
Although such development takes a long time, but companies still prefer integrated financial software because they want automation. Automation is the key to successful Information System, with highly automated business environment, company not only gain high competitive advantage, but save millions and even billions of dollars in human resources and error correction!
A successful accounting information system must be tightly integrated, provide powerful financial report and automate every process possible
Software developer can easily automate data posting to accounting without modification as fast as within 24 hours, but with more complex customization, the base accounting can be extended to support more functions, the key to a good source code must be able to support Rapid Application Development and Object-oriented programming. Only good source code will allow fast modification and expansion.
Remember to look for source code that are royalty free, support Rapid Application Development and comes with a powerful framework, do not let the rich features blind your judgment to find the best Integrated Accounting Source Code, the features can be develop easily with a good framework.
For quick and easy accounting solutions to manage your business, use quickbook web.
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