M1 ERP Software Description
M1 ERP is a cloud-based enterprise resource planning software that helps manufacturers run their businesses efficiently. It includes various activities and processes of a manufacturing company such as purchase, sales, manufacturing and warehouse management, accounting, and payroll. The software is fully integrated with accounting software and a warehouse management system. It consists of various modules such as sales order processing, inventory control, work order management, purchasing and receiving, and accounting.
In accounting module, it includes accounts receivable, accounts payable, fixed assets, cost of goods sold, and inventory management. M1 ERP also provides facilities for managing business transactions such as billing, sales order processing, and receiving goods from vendors. It also manages customer accounts by generating customer statements on a monthly or yearly basis. In this module, all the details of customers, such as name, address, tax rate, etc., can be entered. All in all, M1 ERP is a great solution that you can consider among its alternatives.