Monthly Archives: October 2011

Accounting systems

Exchange and conversion of resources are fundamental processes for businesses; that’s why many enterprise software systems track resources movement. The most valuable thing for an organization is money.  Nonetheless, they also need to take into account other resources: goods, materials, labor.

Accountancy is a large and old profession. One of the most fundamental concepts in accounting is double-entry book-keeping: you keep track of states of accounts by tracking every single movement of resources. If you have all movement records, then you can recalculate balances of the accounts.

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