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Accounting System Week Three

In: Business and Management

Submitted By roseblakley
Words 978
Pages 4
Accounting System
Rosemarie Blakley
BSA/310
April 28, 2013
Anastasia Jakubow

Accounting System
Although Kudler Fine Foods currently has an accounting system that they are using that seems to be adequate, the goal in the future is for the organization to continue to grow, and along with this growth is going to come the need for a more comprehensive system that can support their growing changes. We all know that proper accounting practices are one of the most important things in any business, and Kudler is no exception. After careful review of different accounting software that is out there on the market today, I personally think that QuickBooks by Intuit would be a logical solution to their growing needs.
Key Features:
The key features for this new accounting system should include all of the things that are necessary for the growth of a smaller enterprise. The software should be able to keep track of all of the company’s financial transactions. It should be a financial accounting and reporting system all in one. The software should also have the capability to record all of their transactions as well as report all of the operating data at the end of each quarter or month, whichever the organization prefers, and it also needs to help analyze all of their financial data. QuickBooks accounting software does well to allow for journal entries by debiting and crediting the financial accounts, such as liabilities, assets, revenues, and expenses. Kudler can even use this software to prepare an accurate budget. More key features of QuickBooks include the organization of all financial information, tracks expenses and sales accurately, and all of this in the long run will make tax time that much more tolerable. QuickBooks is also wonderful for ease of use, and is fully in compliance with the generally accepted accounting practice (GAAP). One of the things that really...

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