Accurate inventory management and accounting compliance through structured ERP classification

Inventory plays a critical role in every product-driven business — not just operationally, but also financially. Mismanagement of stock can lead to inaccurate reporting, operational bottlenecks, and even legal consequences related to tax and compliance.

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