Most traditional ERP systems reduce business reality into a web of ledgers. A person becomes a ledger, a product becomes a ledger and a customer becomes a ledger entry. These systems shape the business around accounting design instead of shaping accounting around how business actually happens.​

You buy something for 100 and sell it for 200. On paper you are delighted with a 100% profit. In reality, you may already be running into a loss, not just on this transaction but on the customer, the vendor or even the market segment as a whole.

The problem is simple. Businesses often look at selling price minus purchase price and call that profit. But in a real business environment, cost is far more complex. Let us look at where the illusion of profit disappears.

In an indenting model you do the entire presales and the entire post-sales experience while the principal handles invoicing and dispatch. Tuhund manages this end-to-end flow in one system, keeps every conversation and document in context, and settles commissions cleanly for both claimable and payable sides.

What is indenting and why it is hard to manage

Indenting companies handle the heavy lifting before and after the sale:

For decades the trial balance has been the cornerstone of accounting checks. In manual books and early accounting software, accountants relied on it to confirm that debit and credit totals matched. If the trial balance tallied, books were considered reliable; if not errors had to be traced manually.

Very similar to automatic re-ordering of stock items triggered by stock levels, there are expenses that are triggered on specific dates. These are recurring expenses or periodic expenses. Recurring expenses fall under several categories based on fixed or variable amounts and availability or non availability of invoice numbers, etc. Scheduled Expenses module in Tuhund ERP lets you automate entry of these expenses, auto-completed till a predefined stage. This stage varies from case to case.     ...more

Just like rest of the modules in TUHUND, cost center accounting is very simple and you do not have to be a finance expert to work with it. Typically cost center accounting is more basic than management accounting and it does not have to be directly linked to the financial statements. However, some companies do link them. While most of the ERP systems available provide one of the two methods, TUHUND Accounting and Finance module gives you both the options. You may use any one or a combination     ...more