Accounting Information Systems Essay
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Every Company or Business has different Information Systems that the use to run the Company. There are various types of information systems employed by payroll, accounts payable, accounts receivable, and accounting? Types of Information systems that are employed by payroll, accounts receivable, and accounts payable are Paychex, UltiPro Payroll Software, ADP Payroll services, Intuitive Payroll Systems, and QuickBooks Payroll. Various types of Accounting Software is Microsoft Excel Spreadsheet, Intuit Quicken, Sage 50, and QuickBooks.
Paychex Inc. s a payroll and human resource service company which serves approximately 572,000 businesses in the US.
The company provides services including Payroll Services, Time and Labor Management, HR Administration & Compliance, 401(k) Employee Benefits, Group Health Insurance, and Paychex HR Solutions. UltiPro by “Ultimate Software” is a comprehensive payroll, HR and talent management system that is delivered on-demand as Software-as-a-Service in the cloud, giving organizations a highly accessible solution for human capital management (HCM).
QuickBooks payroll is used for payroll, calculating taxes, and filing and paying taxes.
You can also switch to running QuickBooks payroll manually. Manual payroll requires you to calculate, file and pay your own taxes. Excel is an electronic spreadsheet program that can be used for storing, organizing and manipulating data. Other operations that excel can be used for includes: graphing or charting data to assist users in identifying data trends and sorting and filtering data to find specific information. QuickBooks is accounting software developed and marketed by Intuit.
Sage 50 is an accounting software. With sage 50 you can manage cash flow, custom payments, and collections. You can gain insight with custom reporting for budgeting, cash flow management, and benchmarking. Also Track inventory, plan purchases, or expand service offerings and Reduce errors and deter fraud with screen-level security and a clear audit trail. Riordan Manufacturing is a global plastics manufacturer. The company is owned by Riordan Industries, which is a Fortune 1000 enterprise with revenues in excess of $1 billion. The products that they produce is plastic beverage containers.
The containers are produced in Albany, Georgia, the custom plastic parts produced at its plant in Pontiac, Michigan, and plastic fan parts produced at its facilities in Hangzhou, China. They employ 550 persons with projected yearly earnings of $46 million. Riordan Manufacturing’s mission is to focus its industry leaders in using polymer materials to provide solutions to our customer’s challenges. Riordan is a privately held company. The Chief Operating Officer (COO) is Hugh McCauley and the Chief Financial Officer (CFO) is Dale Edgel.
Individuals in a business usually do not work alone all the time, but instead in teams, committees, departments, and other types of workgroups. Riordan Manufacturing is one of them. The hardware that Riordan Manufacturing used within the organization to support information systems is Management information systems, internal control system, and Enterprise Resource Planning (ERP) System. The hardware this used is very sufficient. Today’s ERP systems can cover a wide range of functions and integrate these functions into one unified database. ERP is a way to integrate the data and processes of an organization into a single system.
Other hardware that is used to support the information systems is a monitor, processor, printer, and keyboard. They all work together to accept, process, show data and information. The types of software applications that is utilized to support the information systems is Windows NT 4. 0. Windows XP would better meet the needs of Riordan Manufacturing. Windows is very much a compatible software and it is easy to use and user friendly. Payroll, accounts payable, accounts receivables, and accounting information systems interact with one another. They all do this by storing and maintain information relating to business or financial transactions.
Accounting software packages usually consist of several different modules based on the traditional manual accounting process. Modules include general accounting, fixed assets, accounts payable, accounts receivable, payroll. The accounting information system is divided into following sub-systems. The sub-systems include but not limited to payroll, accounts payable, and accounts receivable. The integration of the sub-systems leads to greater accuracy and higher speed with inputting and maintaining information.
With that being said all four interact effectively. I would make some viable recommendations or uggestions to management to make the organization more efficient. Some recommendations or suggestions that I can make is making everything mobile. They can take advantage of mobile devices and mobile workforces to get information spread quicker. They can make the business more social. They can do this by integrating social technologies and using social networks to advertise the business. Riordan can do away with paper record keeping and use technology to record information. They also can elaborate more on the hardware and software that they utilize to support their information systems.
It was very difficult to find certain about the company. Riordan Manufacturing can make public information easier to find and more readily available to whomever needs to view it. Other areas of business of improvement that I would make is sharing resources, software applications that are installed on servers, and managing resources better. In all business can always use room for improvement because things changes and there is always a continuous growth when it comes to new advances in technology. Change is never a bad thing. With making the organization more efficient allows things to be a lot easier and run more smoothly.