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Kudler Fine Foods Needs an Accounting System

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Kudler Fine Foods Needs an Accounting System
David Epperson
BSA/310
October 30, 2012
Larry Valenzuela

Kudler Fine Foods Needs an Accounting System
For Kudler Fine Foods, it is important that an accounting system be tied into every department and included within all of the information systems the company uses. Kudler Fine Foods hired a consulting firm to “assist in the selection and installation of a comprehensive Retail Enterprise Management System (REMS)”, according to the Kudler Fine Foods Virtual intranet. A Retail Enterprise Management System is an interconnected system which contains a General Ledger, Accounts Payable, Point of Sale, Bank Reconciliation, and Asset Management and Accounting modules (Scribd, 2009). A General Ledger is the main module of the software and keeps track of all accounts, transaction details from accounts payable and receivable, payroll and all other departments of Kudler Fine Foods. The General Ledger also keeps track of Non-Financial accounts such as “department sales and inventory; department and store headcount. Looking at the description on the intranet site, the General Ledger module as-well provides Financial Reporting such as Balance Sheet, Income Statement, Cash Flow, and Trend Analysis with period over period, store comparisons, and department comparisons, this module provides everything Kudler Fine Foods needs to produce all of the necessary financial reports and even budget reports for each department, store, region, or for the entire organization. The Accounts Payable Module will contain vendor codes and master files, check printing, tax and freight allocations, multiple bank accounts, purchase order module posts vendor order directly to the AP module, and handle international addresses. POS Module is used to capture and report retail sales in detail, provide data directly to other modules, handle all credit and

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