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ERP

Enterprise resource planning software.

Contributors in ERP

ERP

An account to which postings are recorded temporarily. Clearing accounts are auxiliary accounts that exist for technical reasons and which are cleared repeatedly. Postings may need to be made to a ...

clearing transaction

Software; ERP

An accounting transaction (such as an incoming or outgoing payment) that initiates the clearing procedure.

account accumulator

Software; ERP

An accumulator for each G/L account or business partner. Every accounting transaction is recorded in corresponding accumulators according to the G/L accounts and/or business partners involved.

acquisition tax

Software; ERP

An acquisition tax is due on the cross-border movement of goods and services within the European Union. Acquisition tax must be applied by the receiving party at the local rate (but can also be ...

child account

Software; ERP

An active account in the chart of accounts. Each child account has a parent account as its title.

current account

Software; ERP

An active bank account used for making and receiving payments and money transfers. It is kept on the principle of credit and its limit may be exceeded.

advance return

Software; ERP

An advance return for tax on sales/purchases. It is a tax return of a company that is liable to tax on sales/purchases. An advance return contains the transaction volume and the appropriate tax rates ...