As we discussed in our last overview of Accounting module that how it is important for every organization to keep track of their revenue, and other accounting related entries, Analytical Accounting in OpenERP serves you with and importance to track your revenues and expenses. With analytical accounting in openerp you can have single or multiple analytic plans. Almost every transactions are completely automated which further simplifies the encodings and other areas.
You should remember that there is a huge difference between Analytical Accounting and financial accounting since Analytical accounting manages your Operations as well. With Analytic accounting in OpenERP you can manage various analytic operations, you can modify analytic plan as per your requirement. With OpenERP analytical accounting you can manage entire management activities.
Further this module is integrated with other modules to ease and pace the workflows some of the integrated modules are sales management, purchase management, Invoicing, timesheets the important one which allows you to have proper costing on each project you are executing in your company. It allows you to focus on the financial data of the organization by which you can make better decision.