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Order Entry (aka "Sales Order") A Sales Order or Order Entry system creates invoices for products and/or services. Typically this type of application is used in inventory intensive businesses. An Order Entry application interacts directly with the Inventory Control and Accounts Receivable applications.
Point of Sale (aka "Cash Register") A Point-of-Sale (POS) system is typically used in a retail environment effectively replacing a cash register. A POS system provides much more information on sales than what's possible with cash registers. POS systems are typically linked to Inventory Control applications.
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Time & Billing Time & Billing applications are often used in a professional environment such as legal, engineering or accounting firm where detailed time and expenses are tracked and billed to specific customers. Generally a Time & Billing application is used when there is little or no product inventory sold to clients. When inventory is a significant factor, a Job Cost application may replace Time & Billing applications.
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Fixed Asset Management Business purchases of equipment, vehicles, buildings, etc. need special tracking. Depreciation calculation, tax treatment, and gains or losses on asset sales can be cumbersome for businesses with numerous business assets. A Fixed Asset application provides detailed tracking for each individual asset providing depreciation and gain / loss detail in order to properly account for each asset during ownership and at disposal. Generally a firm with a large number of assets use a Fixed Asset System.
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Inventory Control An Inventory Control application tracks a businesses inventory of goods or products for sale or used in manufacturing of products for sale. Inventory control may include features such as: serial number tracking, sales and volume by product, product purchase history, cost and lead time, product description, product location, etc.
Bill of Materials Bill of Materials software is typically used by manufacturing firms. BOM is a "recipe" of sorts that details the "ingredients" needed to manufacture a particular item.
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Material Resource Planning (MRP) A Material Resource Planning system is used by manufacturing firms. MRP is a system for effectively managing material requirements in a manufacturing process. MRP is a set of techniques that uses bill of material data, inventory data, and the master production schedule to calculate requirements for materials. MRP systems also makes recommendations for purchasing additional materials.
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Auditing An Auditing system is generally technically specific system used by an accounting or CPA firms to assist in auditing of their clients financial statement and accounting practices.
Tax Preparation Tax Preparation includes calculation and printing of business tax returns including IRS forms 1120, 1120S (corporate income tax), 1065 (partnership income tax) and others. Often used by CPA and accounting firms to prepare annual corporate tax returns for the Federal and State governments. (Payroll related taxes are generally covered in the Payroll application.)
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Client Write-Up A Client Write-Up application is generally used by CPA and accounting firms to record the business activity of a client in order to prepare a financial statement for that client. This service is typically used by businesses who elect NOT to automate their accounting in-house opting instead to use the services of a CPA or accounting firm to provide this service.
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Foreign Currency Conversion Multinational firms and those involved with Internet commerce may need a way to convert currency between two different countries. Foreign Currency conversion applications provide features such as: Up-to-date exchange rates per currency, currency symbols, thousand and decimal separators, negative value displays, etc. for each currency.
Fund Accounting A Fund Accounting application is normally used by non profit organizations, charities and many governmental units since their accounting demands are unique. Fund Accounting provides a "sort of job cost" feature for these types of firms since each project must be tracked back to the funding source for the project.
Sales Force Automation Sales Force Automation (SFA) software is a comprehensive sales and marketing approach to building long-term customer relationships and improving business performance. SFA includes a group of networked applications ranging from contact management to sophisticated sales process automation and tracking. SFA solutions make it easier to service clients quickly and completely.
Work Order Management Work Order management software simplifies work order assignment and tracking in order to ease management of business tasks.
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Customer Relationship Management CRM or Customer Relationship Management involves a single integrated application, that provides effective and consistent management of prospects and customers, regardless of where the interaction takes place. CRM systems typically include information acquired from sales, marketing, customer service, and support which is captured and stored in a central database and is often integrated with accounting and manufacturing systems.
Project Management A Project Management system is typically found in the construction industry. Project Management is often used to track the progress of and manage the resources (i.e. people, equipment, subcontractors, etc.) used in complex projects.
Job Cost Job Cost applications help track revenue and expenses for individual jobs or projects and/or phases within a job. Jobs often also include budgeted revenue and expenses with reports detailing comparing budget to actual as well as the profitability of each job.
E-Commerce E-Commerce applications can cover a broad number of functions using the Internet as a platform. Some examples of E-Commerce include: Charge card processing over the internet, private business to business extranets, selling inventory stock over the internet, internet auction sales, etc.
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