Tags: Accounting Software, Workflow Software, Activity Factory, Philippines

AR diagram

Accounting Software and Workflow Software

What is the difference between accounting software and workflow software?

Accounting Software

Is a type of software that records accounting transactions and provides reports related to accounting such as General Ledgers or Trial Balances.

Accounting software would normally include Accounts Payable, Accounts Receivable, General Ledger, Purchase Order and Sales Order modules.

Workflow Software

A workflow software is a type of software that automates processes.  A full definition can be found here. (What is a workflow?)

Complementary Applications

Accounting software and workflow software work together well.

Workflow ensures all steps are being followed including recording of transactions on accounting systems.

We already have an accounting software, can we use workflow?

Consider the workflow diagram in this article.

Steps 1 and 3, you can track with an accounting software.

Steps 1, 2, 3 can be tracked by a workflow software.

Following up for collections and getting status is an important task that needs to be done diligently.  This is an example of how accounting and workflow software work together.