Yes, accounting is done differently, in different parts of the world. And everyone has a different idea of what a really good accounting system should be depending on where you live, what size company, what industry, what priorities you have, what you need etc. I personally don’t see the point of spending tons of time “re-inventing the wheel”, when the difficult problems have already been solved.
Here is the only Erpnext/accounting integration that I have found (there may be others):
There doesn’t seem to be any activity, since November 2016, as far as I can see. There was an Indiegogo project which I contributed to, a couple of years ago which seems to have been abandoned as well. I guess it didn’t get enough funding. I was told several times that it would be part of the core solution (by developers in India). But I guess its a matter of priorities and funding.
Personally, in an ideal world, I would love to see a strong accounting system as part of Erpnext so that everything could be fully integrated, but I really don’t think its realistic. I don’t think people realize how much resources it takes, and I don’t think its ever going to happen, since it really should be designed by accountants. Even if it does, people will complain that its not what they want or need (especially the accountants). There is no “one” solution which would meet everyone’s needs. It is true that scalability could be an issue for some large companies. But it seems to me that if we can integrate with one core accounting system, it can be done with others as well. The concept is there.
Personally, I prefer opensource solutions. I am not trying to push proprietary solutions like QBO. But there aren’t any that have strong accounting systems. My point is that QBO is already succeeding in our local and global markets for core accounting “as a service” with more than 2 million users, and their 3rd party ecosystem of “integrated” solutions is huge and growing. They have taken a different strategy of integration thru API’s, rather than monolithic systems that try to be everything to everyone, which hasn’t worked in the past. I am not a developer but, It appears to me that the newer cloud based environments have better API’s than the older generation of “SAP” type systems. I have seen too many disastrous implementations of those types of systems, which leads me to believe that there must be a better way. Of course, there are advantages and disadvantages to each approach. I am just saying that this strategy should be taken seriously.