Account receivable system
Account Receivable System is used to trace and manage arrears money of customer for business. Accounts receivable is a property account in the general ledger that documents money owed to a business by customers who have purchases goods or services on credit.
Enterprise resource planning (ERP) is an enterprise-wide information system designed to coordinate all the resources, information, and activities needed to complete business processes such as order fulfillment or billing. An ERP system supports most of the business system that maintains in a single database the data needed for a variety of business functions such as Manufacturing, Supply Chain Management, Financials, Projects, Human Resources and Customer Relationship Management.