Are you worried about Month end report submission in Compiere ERP? Follow the 7 steps

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In any ERP, there will transactions which will be entered across various modules including Purchase, Sales, Storage & Distribution, Inventory handling, Accounting etc

For any transactions posted to the Accounting ledgers, there has to other module level reports which will have to be matched between Accounting Reports & these module level reports

We can classify the match back of reports into 4 types

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  • Daily
  • Weekly
  • Fortnightly
  • Monthly

The Reports to be verified on a DAILY BASIS

  • Bank Reconciliation
  • Day Book Accounts (Journal/Bank/Stock/Invoices)
  • Cost Factor

The Reports to be verified on a WEEKLY BASIS

  • Trail Balance against below reports
  • Reminder Letter
  • Accounts Payable
  • Accounts Receivable
  • Party Ledger Report

The Reports to be verified on a FORTNIGHTLY BASIS

  • Trail Balance against below reports
  • Sales Register
  • Purchase Register
  • Stock Valuation Report
  • Warehouse Transfer Report
  • Bill of Material Production Reports
  • Other Stock related Reports

The Reports to be verified on a MONTHLY BASIS

  • Trial Balances against below reports
  • All GST Related Reports (Purchase, Sales, Purchase Return, Sales Return, RCM)
  • TDS related Reports (Across various sections under Income Tax Act)
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