Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why doesn TrakQuip or RTMS include a General Ledger Module?

ledger module RTMs trakquip
0
Posted

Why doesn TrakQuip or RTMS include a General Ledger Module?

0

A. This was the source of considerable debate within our company. In the end, we decided that we wanted our software to emulate the “operations” of the clients business and to “report” the results to the accounting software of your choice. TrakQuip and RTMS integrate with your accounting software, giving you a tailored solution that fits the exact needs of your business. Here are some of the reasons we chose not to include the General Ledger: • There are approximately 1,600 accounting software packages on the market today ranging in price from $100 to 1,000,000+. Many of our clients selected a financial package prior to selecting their “operational” software and want to continue to use it. In addition, many of our clients are also in other businesses (i.e. construction) and need a financial package to encompass their entire business, not just the rental portion of their business. • In order to emulate the operations, we needed to include functionality that would not meet “Generally Acc

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123