B2B Accounting Overview, Challenges of B2B Accounting, B2B Accounting and ERP Solutions Austin - Clarity Ventures
Business to Business (B2B) accounting practices vary greatly from Business to Consumer (B2C) accounting. Read on for an overview.
The Challenges of B2B Accounting
Within a B2B company, there are a number of accounting processes that specifically relate to interacting with other businesses. For example, you’re much more likely than a B2C company to provide detailed invoices, create recurring order systems, and transfer financial information to members at all ends of the trading process. The more these transactions can take place dynamically, the better – particularly if your company is tied to the stock market or if there are many stakeholders.
B2B Accounting and ERP Solutions
The easiest way to streamline your accounting process and make sure all parties have the information they need when they need it is to integrate an ERP system into your website.
The easiest way to streamline your accounting process and make sure all parties have the information they need when they need it is to integrate an ERP system into your website. MS Dynamics GP, for example, contains many key accounting features that will reduce staff, overhead, and workflow. These include: connecting project activities with company financials; web-based time expense entries; fixed and variable pricing; revenue recognition, budgets and forecasts, and much more.
B2B Accounting Solutions in Austin, TX
If you’re ready to give your company the B2B technology solution it needs to scale up and thrive, contact Clarity about ERP integration. Our experienced staff can work with you to connect the ERP to your existing website processes, integrate all product data to your product catalog, and test the system to ensure maximum functionality. If needed, we can also help you teach your staff about using the ERP. Let us help you make your B2B accounting processes smooth and streamlined.
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