In the area of accounting, information systems such as the integrated business management system emerged to assist as a source of useful information for the decision-making process. The automation of accounting processes is one of its main benefits. Repetitive and routine tasks, such as accounting entries, reconcilations, and reports, can be automated, reducing errors and freeing up time for more strategic activities.
An integrated business management system comprises elements that are integrated to produce quantitative results. For the operation of systems, data inputs are necessary, in a logical and structured sequence, which is processed and generates useful information.
Technological evolution is undoubtedly the most practiced, even while accounting performs its function of providing consistent information and assisting managers in decision-making, ceasing to be just a fiscal instrument for the government as it was before, information systems become its greatest allies when integrating the economic and financial records of organizations. Information Systems for accounting, the so-called Accounting Information Systems, focus on storing and processing information, and then providing it for decision-making.
For a better use of management information in the accounting process, all the information concentrated in the integrated business management system must be useful for the accountant and his team, and the systems are shaped according to each need, providing their users with statements and analysis of an economic and financial nature.
The market recognizes the relentless search for increasingly integrated, systematized and controlled accounting, which meets the particularities of companies and serves as a basic tool for the tax and administrative departments.
To be successful in running its business, an organization needs to prioritize and value the level of information passed on to managers for the decision-making process, and the evolution of information technology generates continuous improvement through the development of an integrated business management system for accounting. Accounting intertwined with an information system represents precision and accuracy of financial information and reports.
Useful Information Obtained by the Integrated Accounting Management System This is useful information obtained by an integrated business management system for accounting: reports that portray the company's equity position at a given moment that allow the accountant to fulfill the accountant's obligations, such as: balance sheet, income statement, daily reports and accounts.
Basically, the ERP interconnects all sectors of the company through specific modules, making the steps more optimized. We can use the example of a company that sells computers. The company makes the purchase of 500 computers and they are delivered, along with the purchase invoices and payment slips. Upon receiving the equipment, the responsible professional posts this information into the ERP system and the system automatically changes the amount of computer inventory.
The integrated business management system also informs the financier about the payments to be made and sends this information to the accounting. That is, using ERP management, the company acquires speed and availability of information, which is fundamental to the success of any business.
The integrated business management system, in addition to facilitating processes, provides information so that all sectors can consult, which makes life much easier for managers. Not to mention that, by analyzing the exchange of information, the system is also able to identify errors and flaws in the stages of the process. With an integrated system, accounting data is available in real time. This allows managers to make informed and strategic decisions based on up-to-date financial information, contributing to the company's long-term success.
In accounting, automation through an integrated business management system helps accountants by providing reliability and agility in providing information, giving them time for new functions, whether planning or analyzing performance and controls. The professional becomes less overwhelmed without manual bureaucratic routines and can prioritize the analysis of information to better assist in decision-making.
Advantages of Information Systems in Accounting Research reports that the integrated business management system for accounting are already unquestionably considered support tools for the decision-making process. Organizations in general emphasize that the main reason for acquiring the system was the need for reliability, security and accuracy of the information, as well as they guarantee that the systems used comply with the obligations assigned to the organizations, in addition to supporting with their reports the decisions taken in matters
This strong alliance between accounting and computerized technology systems contributes to obtaining accurate information that is so necessary for today's dynamic and accelerating market.
As companies grow, their management becomes more complex, so there is a need for technology to control activities, organize the company, provide information in an agile manner for the company's strategic decisions, and also provide reliable information for accounting, which is responsible for complying with the company's legal accounting obligations.
Thus, the importance of using integrated accounting business management systems, which assist in the generation and analysis of the information generated, is well known.
ERP technology systems for accounting information systems deal with information for the entire company, which begins with the entry of notes (purchases), and then for the invoicing and output of notes (sales), employee payroll (human resources), payments and receipts (financial), production and inventory control (cost of the product sold), and all the steps mentioned will give rise to the accounting entries. Through the entries made of the above-mentioned transactions, it is possible to generate the financial statements and ascertain the
Information is generated by the integrated accounting system for managers: reports for monitoring immediate results (extraction periods can be daily, weekly, monthly, etc.), reports on financial movements, materials, and even company resources. Reports with appropriate characteristics are developed to support management planning.
An integrated accounting system also reduces rework, as the information will be integrated into the various sectors of the company without risks of data changes and manipulations. In addition to the reliability offered, since without manipulation the possibility of errors decreases. The ERP also offers agility and optimization in processes, creating facilities and allowing for increased productivity due to the monitoring of results by management. Companies save and reduce their losses with the integrated accounting system, as it provides identification of flaws that can be improved and seeks to reduce losses in all operations.
Another great benefit of using the integrated business management system is the replacement of several software with a single one that will meet all needs. Companies that use various software for each area, such as payroll, sales control, accounts payable, production, etc.), can opt for an ERP, which in addition to reducing the cost of licenses, will integrate information in an intelligent and reliable way.
The constant use of information by the ERP for decision-making is already used by most organizations concerned with adjusting weaknesses in the company's internal sectors, as well as carrying out good administration through accounting information.
Reasons Why Business Owners Should Hire Accounting Services Having a professional handle matters such as accounting ensures that no mistakes are made and that you can focus on the core of your business. While successful business owners and managers tend to buy the services of accounting professionals more easily, when it comes to dealing with accounting, legal, or banking issues, many entrepreneurs sometimes stay away from them. However, when we analyze the number of failed startups in recent years, it is necessary to assess the reason why these companies fail.
It allows you to focus on the core of your business: The reason you started your business is where you should focus. Your passion is the foundation of your success. Why spend your time and effort on something you're not an expert Let tax professionals take care of everything about your bookkeeping.
Balance your time between work and family Professional legitimacy It's vital for a company's success A New Perspective They have range Companies need a roadmap for success. They understand about taxes. Analyze data for growth and profitability opportunities. Integrated accounting information systems are a powerful technological tool for accounting, providing management that is more efficient, transparent and aligned with the demands of the contemporary business environment.
The effective use of integrated accounting information systems has become essential for companies that seek ways to provide quality services and fully meet the demands of the tax authorities, as they provide the obtaining of consistent and real-time information, reliably integrating the areas. Research shows a consensus in the market that investment in accounting information systems not only contributes to improving processes, but also to meeting tax obligations.
Get in touch with TACTIC — ALLINIAL GLOBAL , which works with integrated auditing services, internal auditing, accounting , taxes, corporate finance, financial advisory, risk advisory, technology, business consulting and training, for more information, at www.taticca.com.br or e-mail taticca@taticca.com.br and learn more. Our company has certified methodologies for carrying out activities.
