Which is better MongoDB or MySQL?

MongoDB is faster than MySQL due to its ability to handle large amounts of unstructured data when it comes to speed. It uses slave replication, master replication to process vast amounts of unstructured data and offers the freedom to use multiple data types that are better than the rigidity of MySQL.

How SQL is used in accounting?

SQL-Ledger (SL) is a Web-based open source double-entry accounting system that is used primarily in the retail and manufacturing sectors. Data in an SQL-Ledger system is stored in a structured query language (SQL) database and linked through a chart of accounts (COA).

Why do businesses choose SQL?

One of the most popular SQL use cases for marketers is segmentation. Marketers use SQL to group users based on their attributes and get insights about their performance. For example, the marketing department of Embark uses SQL to improve the quality of their ads and better contribute to the company’s growth.

Does an accountant need to learn SQL?

The accountants should learn SQL as: 1) This language is used to manage huge amounts of data easily. This results in an effective and efficient data management system. 2) The data can be easily accessed and on a real-time basis.

Should Accountants use file based SQL Solutions?

For small companies, requirement to install an SQL server application is too complicated. An accountant with minimal IT skills should be able to install and use the application on his desktop machine. Which brings us to the file based SQL solutions of which SQLite is the most popular.

What is the best BI solution for Managerial Accounting?

Therefore, some BI solution using multiple data sources will be required for effective managerial accounting anyway. For the development of the database model, I opted to use MySQL and SQLite (most extensively used, debugged, supported, open source and cross platform).

What should be included in an accounting application database?

Keeping in mind that (a) the users of the accounting application are going to be accountants and (b) the accountants are typically responsible for preparing tax reports, the application database shall also include tax accounting.

What are the reasons for using database per company model?

External authentication and authorization system: One of the reasons for using database per company model was the possibility to easily move company’s data between application instances, e.g., from one accounting service provider service (server) to other.