The general accounting system is the cornerstone of any integrated accounting system. It acts as the mastermind that records, classifies, and summarizes all of a company's financial transactions. Through this system, organizations can track their cash flows, monitor their expenses and revenues, and accurately measure their financial performance. The general accounting system aims to provide accurate and reliable financial information to support management decision-making, prepare periodic financial reports, and comply with tax and legal requirements.
Accounting in Microtec ERP standardizes your chart of accounts, controls posting rules, and ensures every document flows to the ledger in real time. It’s designed for auditability, speed, and repeatable period closing.