Whether you have an accountant in your internal team OR you do it yourself OR you have chosen to outsource it, the financial accounting process is at the center of any business management system (aka an ERP system).
In ERPNext, accounting operations consists of 3 main transactions:
- Sales Invoice: The bills that you raise to your customers for the products or services you provide.
- Purchase Invoice: Bills that your Suppliers give you for their products or services.
- Journal Entries: For accounting entries, like payments, credit, and other types.