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Kudler Fine Foods

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Finance & Accounting
Accounting System Overview

Overview of Finance & Accounting Systems

The initial Business Plan for Kudler’s included funds in excess of $50,000 to hire a consulting firm to assist in the selection and installation of a comprehensive Retail Enterprise Management System (REMS). Smith Systems Consulting was selected for the contract. After a thorough analysis, a modular and scaleable RMS was selected, purchased and installed in the first and subsequent Kudlers retail stores. Smith Consulting was also contracted on a yearly basis to maintain the REMS.
Finance & Accounting Financial Modules:

General Ledger Module:
Chart of Accounts
Transaction detail and roll-up by any number permutations – store, department, product, etc.
Financial Reporting – Balance Sheet, Income Statement, Cash Flow, Trend Analysis…period over period, store comparisons, department comparisons
Multiple year reporting
Budgets and budget reporting down to store department level
Few requirements for manual data entry
Non-Financial accounts – square footage (analysis can be done on sales per square foot)…department sales and inventory; department and store headcount
Accounts Payable Module:
Vendor codes and master files
Check printing
Tax and freight allocations
Multiple bank accounts
Purchase order module posts vendor orders directly to the AP module
Handles international addresses necessary because of direct international purchase of items such as wine, olive oil, selected produce and cheeses
Note…some difficulty with cash purchases…stores sometimes purchase locally grown produce in season and the growers insist on being paid in cash. Therefore each store has an impress fund to handle small purchases…in cases where the purchase is considered large…F & A is notified in advance and the store manager is provided with a check that may be cased at a branch of our

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