Accounting System Paper Essay
Accounting System Paper
Kudler Fine Foods has done a wonderful job with its current accounting system by manually tracking data and not having a uniform system for providing information about that data. Data is the raw and unorganized version of information while information is categorized and decipherable data that correlates to the business. Kudler Fine Foods is making a transition from the less efficient and more labor intensive accounting methods to a technology based accounting system which saves money being that it is more efficient and more robust. The core features, benefits, and cost will be discussed as you continue to read this paper.
As mentioned earlier, Kudler Fine Foods is making a transition to a computerized accounting system which will have the ability to communicate with all branches of the business. Kudler Fine foods will utilize an accounting system which is integral part of the Enterprise resource planning software that is being deployed in the Kudler Fine Foods environment. The ERP software will be able to capture real time data directly from the point of sale (cash registers) and automatically adjust inventory and profit data.
The accounting software will also use a compliance management feature will provide complete transaction audit trails and rules-based controls and advanced reporting capabilities which are compliant with laws and regulations. More benefits are advanced financial forecasting the can accurately predict and estimate potential profits and pending losses, revenue and cash flow. This gives Kudler Fine Foods the ability to analyze past trends to help make better business decisions in the future. In addition, the accounting software will give Kudler Fine Foods the ability to deep dive into the cash management aspect of their business by more accurately assessing current and future cash needs and track all transactions that directly impact available cash levels.
In an ERP environment, Kudler Fine Foods will adopt a client/server system. The Client/Server technology model is the model in which today’s softwares are developed. A Client/Server model is one in which the client computer is identified separately from the server computer. This will require servers with Windows serve 2008 and networking equipment which will allow all workstations to communicate to application servers, shared data drives and communicate with the outside world. With the added benefits of an ERP system in the Kudler Fine Food environment, comes an added expense of support of the system. Currently, Kudler Fine Foods can anticipate an expense of twenty-five thousand dollars with a potential ceiling of two hundred fifty thousand dollars.
Top 10 ERP. (2012). Retrieved from http://www.top10erp.org/sap-erp-software-comparison-technology-140 Technology required for Erp. (2012). Retrieved from http://www.vkinfotek.com/erp/erp-technologies.html
University/College: University of Arkansas System
Type of paper: Thesis/Dissertation Chapter
Date: 27 November 2016
We will write a custom essay sample on Accounting System Paper
for only $16.38 $12.9/page