Kudler Accounting System Paper
Name
BSA/310
January 14, 2013

While the company is successful with its current structure the accounting system could use an overhaul. With the new upgrade to the current system will be easy to manage portfolio of accounts, and analyzes the contents of them with a click of a mouse. With the ability to access reports such as annually, Bi- annually, quarterly, or yearly reports will help to increase productions. Accounting is arguably the most important aspect of the business. When dealing with number it is vital that one play close attention to numbers. One minor error can mean the difference form $1.00 and $1,000. There are many government and legal regulations that want detail records. If these records are off it could cost a business thousands of dollars in taxes. That is why these records, or Books need to be 100% accurate, and all sources of income are presents.

One of the key benefits of this upgrade will allow the company to process, and handle data from all departments. This system will allow one to improve our current financial strategies due to better business decisions based on the reports. These reports will stream information quicker and more accurate than the previous system. Allowing upper management to review these reports on a daily basis. Another perk would be the ability to review cash sheets as they are speaking with investors.

Some of the key features are software compatibly. The software will include the most accurate and popular accounting technology. It will be compatible with Microsoft Office product to ensure smooth transaction. This will allow employees to view, create, or include spreadsheets, documents in emails. Another key feature is cross department integration. This will allow all departments to share data. It will allow accounting to track inventory to find what we are missing, or purchasing to see why we spent so much on one order. We will be able to install POS system in the stores that will communicate back to the database to see sales trends, cash shortages, refunds, or any other cash violation.

The core technology will allow us to link the whole company together. The system will manage transportation, manufacturing, inventory, and scheduling, to name a few. The system will be able to predict ordering needs based on the sales trends. This will ensure that we have enough stock to meet demand without having more assets tied up than we need. The main focus is that we will be able to maximize information between departments.

The cost of the system includes purchase, and the installation of the new software as well as any hardware needed. This total will also include training for the company to ensure that we get the most out of the investment. Training the employees will also help to ensure that we do not have any crashes due to misuse of the system. There should also be experts that will be able to answer any question within the system. The cost offsets itself without the upgrade we could lose sales, customers, and unable to expand.

The new system will be integrated with the existing system. This will allow us to track finances, profits, losses, and debts. The upgrade will help to ensure that the company is prepared for economic changes, as well as increase productions. If the system is install correctly we shall be ready for any business need that might arise. If it is not install correctly it could cause the company thousands of dollars due to lose sales.