When you use PostERP's accounting module, you only need to compile your chart of accounting accounts where each account number consists of only one segment. With these single-segment account numbers, you can process all accounts immediately, accurately, and detailedly. For example:
- 1113 Bank Deposit
- 1141 Accounts Receivable
- 1441 Machine (instrument)
- 1449 Accumulated depreciation
PostERP defaults to the "Chinese-English Comparison and Coding of Accounting Subjects" of the Department of Commerce of the Ministry of Economic Affairs.
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This kind of ERP software requires you to prepare 2nd segment, 3rd segment, 4th segment, 5th segment... accounting account numbers, pushing yourself and your successor into a pit of fire. Such 2-segment account numbers can be illustrated below.
- 1113-1 Bank Deposit Changyin
- 1113-2 Bank Deposit Bank of Taiwan
- 1113-3 Bank Deposits SME Bank
- 1141-1 Accounts ReceivableCustomer #1
- 1141-2 Accounts ReceivableCustomer #2
- 1441-1111 Machine number1111
- 1441-1112 Machine number1112
- 1449-1111 Accumulated depreciation machine number 1111
- 1449-1112 Accumulated depreciation machine number 1112
The multi-segment accounting code system puts an extra workload on employees in manufacturing and trading industries such as shoe factories, and is the culprit of lowering the efficiency of all employees. For example:
- 1221-I001-L085 Finished Product Product NumberI001 8.5" ShoesL085
- 1221-I001-L090 Finished Product Product NumberI001 9" ShoesL090
- 1221-I001-L120 Finished Product Product NumberI001 12" ShoesL120
- 1222-I001-L085 Finished Product Product NumberI002 8" ShoesL085
- 1222-I001-L090 Finished Product Product NumberI002 9" ShoesL090
- 1222-I001-L120 Finished Product Product NumberI002 12" ShoesL120
Because your chart of accounts grows every day and reaches tens of thousands or even hundreds of thousands of records, this ERP system is labeled as a "large-scale system".
Because it is allegedly a "large-scale ERP", you, the boss, "invest" a huge amount of cash out of your own pocket to purchase such a "large-scale ERP" and the huge IT expenses it causes.
This "big system" requires business owners to invest in high-end servers and run at low speeds: MRP and closing accounts take a long time to complete if everthing goes well.
There are unrare cases where the run of "cost pricing batch program" encounters "negative quantity" or "negative amount" exceptions. At this time,
- Responsible ERP: It fails midway.
- Unconscionable ERP: Continues to finish. Then the three major financial statements or the purchase, consumption and deposit statements present contradictory data that the accountants themselves cannot understand and cannot explain to the audit accountants.
PostERP is different.
It is "very small". Following the above example, your chart of accounts will always have only 1 transaction: finished goods 1221.
Accounting account 1221 is sufficient to handle all sizes or batch numbers of all finished goods.
The same goes for life insurance and property insurance operators who use PostERP:
- You prepare one segment accounting numbers instead of multiple segment ones.
- PostERP processes all monetary related transactions realtime, accurately, and detailedly, and shows you the up-to-date financial statements at any time that comply with the requirements of IFRS-17 principles, no need to wait for "the batch programs to successfully finish runs in the middle of the night."
- PostERP is fully compatible with the "Reference Table of Accounting Sections (Items) and Numbers for State-Owned Institutions to Implement International Financial Reporting Standards (IFRS)" and no adjustment is required.
For example:
- 110101 Cash on hand
- 110102 Bank Deposit
- 110103 Cash remittance
- 110104 Petty cash and working capital
- 110105 Notes to be exchanged
- 110106 Foreign Currency Inventory
- 110107 Cash in transit
- 110201 Deposit with banks (the central bank calls it deposit with banks)
- 110202 Allowance for bad debts - deposits with banks (the central bank calls allowance for doubtful debts - deposits with banks)
- 110203 Interbank Overdraft
Instead of 2 segments:
- 110102-1 Bank Deposit-Bank of Taiwan
- 110102-2 Bank Deposit-Zhangyin
- 110201-1 Deposit with banks - Bank of Taiwan
- 110201-2 Deposit with banks-Zhangyin
