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.
...moreManaging expense claims can be one of the most challenging tasks for organisations. Without the right system it becomes slow, error-prone and frustrating. Tuhund ERP solves this problem with a powerful Expense Claims Management Module that automates the process, ensures accountability and delivers accurate data to both management accounting and financial accounting.
...moreYou 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.
...moreThere is a common but deeply flawed belief in business that the selling price of a stock item should be based on its cost price. While this may appear logical at first glance—after all, one must recover what was spent—it is often a dangerous approach that leads to lost opportunities and, in many cases, actual losses.
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