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Accounting System

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Accounting Systems

Various accounting systems has affected Riordan Manufacturing Inc. started with the sales and marketing. The sales and marketing department investigates sales that are filed in many databases, paper records, and some in microfiche. Members of the sales force maintain their own set of customer records using variety of tools. Some use paper documentation, others sales management software (Act) and others a hybrid. The company will need a new integrated sales database, management systems, and accounting systems. That would allow the departments to better understand and anticipate customer requests. This shared database would include production records of number of units produced of each item by shift and overall yearly production, which would allow for the sales department to better estimate the time of project completion and delivery. The database would also include profit and loss statements by item and group to assist the marketing, finance and production departments with future strategic plans. Riordan Manufacturing puts out annual budget allocations for marketing and accounting research. The activities include: sales force promotions, price/ volume discounts to key accounts, public relations. This data and associated trends are very important for future strategic plans to boost sales and enhance accounting and marketing. Thus it is necessary for Riordan Manufacturing to invest in advance IT system that would all centralizing historical and current data making it easily retrievable from any Riordan’s location. Keeping up with the upgrading in the accounting system they move on to the human resources system. Riordan Manufacturing HR system, (HRIS), and the financial system tracks information including personal information including leave managers and data is entered into thy system by payroll clerk. Riordan has companies in…...

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