(a) Unification of logistics and capital flow in the procurement and payment cycle
The implementation of ERP begins with purchasing activities. The purchasing department plans to purchase according to the material requirements. After the purchase comes back, the quality inspection department will check and put it into storage and enter it into the inventory system. At this time, the inventory increases, and the accounts payable also increases (or cash decreases). Generate accounting vouchers through the accounting interface of ERP, and update accounts payable and inventory accounts in the general ledger system at the same time after posting. So as to realize the unification of logistics and capital flow in the purchase and payment cycle.
(B) the unity of logistics and capital flow in the production cycle
The production workshop receives raw materials from the warehouse according to the production order. At this time, the inventory decreases and the production cost increases. Generate accounting vouchers through the accounting interface of ERP, enter the general ledger and update the corresponding accounting data. After processing, products that can be sold to customers are produced and put into storage. Through the accounting interface of ERP, accounting vouchers are collected and entered into the general ledger, which reduces the amount of production cost account in the general ledger module and increases the amount of inventory account, thus realizing the unification of logistics and capital flow in the production cycle.
(C) the unification of sales circulation and collection of logistics and capital flow
The sales department receives the customer's order and informs the warehouse to deliver the goods to the customer according to the order. With the decrease of inventory, accounts receivable increase. Accounting vouchers are generated through the accounting interface of ERP, and the amount of accounts receivable and inventory of customs can be updated after posting. After receiving the payment from the customer, generate the receipt voucher and post it through the accounting interface of ERP, and update the cash and accounts receivable data in the general ledger system. So as to realize the unification of logistics and capital flow in the sales and payment cycle.
The Significance of Implementing ERP to Enterprise Financial Management
(A) ERP system has expanded the content of financial management
ERP expands the content of financial management. In the era of traditional industrial economy, economic growth mainly depends on tangible assets such as factories, machines and funds. In the era of knowledge economy, the proportion of intangible assets such as patent rights, trademark rights, human resources and product innovation based on knowledge will be greatly increased. However, because intangible assets are difficult to identify and measure, traditional accounting software is greatly limited, and these intangible assets are rarely considered when making financial decisions. ERP system includes not only financial system, but also supply chain management, human resources and other systems, which can analyze and predict these intangible assets from all aspects and enrich the content of financial management.
(B) ERP system highlights the integrity of financial management
ERP system highlights the integrity of financial management. In addition to providing necessary financial statements, ERP system can also provide a variety of management statements and query functions, and provide easy-to-use financial models and analysis modules to provide financial management information more comprehensively and provide services for strategic decision-making and enterprise management. The measurement of a large number of standardized services in ERP system can be set at initialization, and corresponding vouchers can be automatically generated. Recording can be done automatically by the system, and most of the work in calculations and reports can also be done automatically by system settings. The integration of ERP system ensures the relevance and reliability of accounting information and the quality of information needed for financial management. The timeliness of the system ensures the timeliness of accounting information.
(3) ERP system organically combines financial management with production management.
ERP system organically combines financial management with production management, and plays the role of planning and control. The system can integrate the production and financial management of enterprises. In the integrated environment, when the production and operation systems can operate normally, it is easy to drive the accounting system to operate normally. It is difficult for financial management system to drive production management system, but it is much easier for production management system to drive financial management system.
(D) ERP system detailed the cost accounting.
Refine cost accounting and strengthen cost management. The first change brought by ERP online to cost management is the establishment of standard cost system. The cost accounting object is further refined, and the cost is calculated according to the material code, and the material transfer within the same legal person is realized through sub-inventory transfer, and the cost and expense control is highly centralized. At the same time, it can monitor the actual purchase price of purchased materials in time, understand the market information of various bulk raw materials of the company in time, promote the reduction of procurement costs, and ensure that the company's cost and profit accounting is more real, scientific and accurate.
(E) ERP system has changed the enterprise fund management mode.
Two important functions of ERP fund management, namely, the automatic real-time generation of cash flow statement and the quantitative assessment of enterprise fund use by using internal banking structure, can make the group headquarters as an investment center to allocate and use funds reasonably.