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Enterprise resource planning: Enterprise resource planning is an integrated system which is used by big manufacturing companies having revenue of more than $500 million. This has a wider aspect than the entry-level computerized system. It integrates all the aspects of accounting, sales, human resources, and manufacturing.
Entry level computerized system: The entry-level computerized system is that system which is used by small companies having revenue of less than $5 million. These entry-level programs come in specific versions which are designed according to the industry. These programs have many features along with recording the transactions and preparing the statements.
To Explain: Difference between enterprise resource planning and entry-level computerized accounting system.
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Chapter 7 Solutions
ACCT.PRINCIPLES (LL)-PACKAGE
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