Answer To: Assessment Task Description In addition to the Submission Guidelines appearing on page 1, the...
Sarabjeet answered on Aug 31 2021
Running Head: Compare SAP ERP vs QuickBooks
Compare SAP ERP vs QuickBooks
TOPIC: COMPARE SAP ERP VS QUICKBOOKS
Student Name:
Unit Code:
University Name:
Date:
Contents
Introduction 3
Compare SAP ERP vs QuickBooks 3
Demonstrate what operational areas would be covered by each system 3
Critically analyze the differences in the electronic documents that may be used in each system for input and output, especially identifying the form of recording under each system, and explain the way such documentary records may be stored. 3
Conclusion 5
References 6
Introduction
Compare SAP ERP vs QuickBooks
Demonstrate what operational areas would be covered by each system
QuickBooks Enterprise Solution is very useful for companies that buy products and resell them. It is useful for tracking previous purchases and the amount remaining over the period, adding new inventory, and reducing inventory. This will also work well for companies that buy materials to buy inventory items and then sell these items on the list. QuickBooks Enterprise Solution is not suitable for the production of disposable or custom-made products, as each product, regardless of 1 or 100, must be "manufactured". There is no easy way to deal with waste or waste in the production process. SAP is very suitable to address the unique needs of our business. We can build, disassemble, and reassemble our products to meet the needs of consumers. SAP is ideal for companies that want to keep data in a central location and provide reliable and verifiable data. For small businesses that have a simple sales structure or do not have inventory, SAP may offer them too many resources to make the most of them. The main function of QuickBooks is accounting. if you buy QuickBooks, you can add a few limited customers, sales, as well as reporting functions to the system, however, it is very simple also the system cannot be adapted to the specific requirements of the industry. Our production and manufacturing part of the business? QuickBooks will not be suitable for the markets (Caicedo-Llano & Dionysopoulos, 2006). QuickBooks is your first step towards book storage. However, if you want to customize the report, please choose an inventory valuation method, exchange several currencies, or have the ability to interact with third-party add-ons to meet the requests of particular market segments, you may want a stronger and more supple solution ("NEW Third-Party App Security Requirements", 2020). Rather, SAP Business One aims to provide your business with flexibility, and adaptability to keep pace with the long-term growth of your business. Also, choose the method of inventory valuation. If you are trading internationally, you will have a complete currency function. Do a little research on the SAP Business to learn about how the software can be shaped by achieving your business goals.
Critically analyze the differences in the electronic documents...