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ERP

Enterprise resource planning software.

Industry: Software

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ERP

revenue account

Software; ERP

An account to which revenue from normal business transactions is posted.

rounding account

Software; ERP

An account used in journal postings to clear differences caused by rounding. It is the account where the amount left over or needed due to rounding allocated funds can be found.

subledger account

Software; ERP

An account used to group related transactions within a given account into subgroups.

stock account

Software; ERP

An account which records the opening quantity of stock in a warehouse, goods issues and receipts, and the closing stock.

import

Software; ERP

An action that involves taking movable goods into the customs territory, that is to say in accordance with foreign trade law from overseas economic areas to domestic economic areas.

late payment fee

Software; ERP

An additional charge that is assessed when payments are not made on time.

revaluation

Software; ERP

An adjustment to asset values to compensate for a reduction in the value of a currency because of inflation or when adopting market value principles for the valuation of fixed assets. Revaluation ...