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ERP

Enterprise resource planning software.

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ERP

batch record

Software; ERP

A record that contains data on a subset of the total quantity of a material held in stock and is managed separately from all other subsets of the same material.

account index

Software; ERP

A report that displays all the G/L accounts defined in a company's database. The label account index is used when you perform a year transfer and want to select a range of G/L Accounts.

accounting method

Software; ERP

A set of rules that determine how to report incomes and expenses in bookkeeping and on income tax returns. There are two basic methods – cash and accrual. Businesses that use the cash accounting ...

average rate

Software; ERP

A settlement exchange rate used in foreign exchange transactions. It is the arithmetic mean between the bank buying rate and bank selling rate.

budget report

Software; ERP

A statement of the budget position. This report contains the planned and the actual budget as well as the differences between them.

balance sheet

Software; ERP

A statement of the financial position of a company on a given date, usually the last day of each financial year. It is a summary of all the account balances of a business.