Which Transaction Reports To Be Verified in Compiere ERP?
In any ERP, there will be transactions which must be entered across various modules including Purchase, Sales, Storage & Distribution, Inventory handling, Accounting etc
For any transactions posted to the Accounting ledgers, there has to other module level reports which will have to be matched between Accounting Reports & these module level reports
We can classify the match back of reports into 4 types
- Daily
- Weekly
- Fortnightly
- Monthly
Transaction Reports to be verified on Daily Basis
- Bank Reconciliation
- Day Book Accounts (Journal/Bank/Stock/Invoices)
- Cost Factor
Transaction Reports to be verified on Weekly Basis
- Trail Balance against below reports
- Reminder Letter
- Accounts Payable
- Accounts Receivable
- Party Ledger Report
Transaction Reports to be verified on Fortnightly Basis
- Trail Balance against below reports
- Sales Register
- Purchase Register
- Stock Valuation Report
- Warehouse Transfer Report
- Bill of Material Production Reports
- Other Stock related Reports
Transaction Reports to be verified on Monthly Basis
- Trial Balances against below reports
- All GST Related Reports (Purchase, Sales, Purchase Return, Sales Return, RCM)
- TDS related Reports (Across various sections under Income Tax Act)
