...Sage 50 and MS Dynamics Accounting Software Evaluation Tracey-Ann Jackson Professor Letty Dai University of Maryland University College Sage 50 and MS Dynamics Evaluation of Accounting Software Sage 50 and MS Dynamics are two types of accounting software that are used by companies to integrate financial activities involving purchases, inventory, sales, payroll and other elements and produce financial statements to allow the business to be effectively managed while remaining compliant with laws and regulations. Overview Sage 50 incorporates the MySQL database technology with features that includes a cashflow manager, management of customer relationships and billing capabilities. With these integrated features, the software has the ability to: invoice customers, track receipts, utilize Microsoft excel and word integration for certain key tasks, analyze and forecast payments and receipts, and customize cash flow to meet their business needs. The system requirements include: 2.0GHz processor for single and multiple users, 1 GB of RAM for single and multiple users, updated versions of Windows XP SP3, Windows 7 or 8, 1 GB of available disk space, Internet explorer 7,8 or 9, Microsoft.Net framework CLR 4.0, internet access with speeds of at least 56 Kbps, and Adobe reader. This software allows a maximum of 5 licensed users which can be selected through its user maintenance screen. Sage 50 is available in 5 different versions: Pro, Complete, Premium, Quantum and Accountant...
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...Management Accounting Software: Boon or Bane A Term Paper Presented to Dr. Josephine Magbojos CEAS, English Department In partial Fulfillment of the Requirements for Comski2 2014 by Briones, Kristine Norien Resma, Maria Angelica F. Abstract The development of technology brought many changes in the accounting world and the development of accounting software is one of its biggest contributions. Accounting softwares are beneficial for a business and a company for it to produce a financial report faster and easier. The use of different programs for the calculations and reporting made its way to no more manual accounting which is more complicated to do. To maximize the benefits of its uses the advantages and disadvantages of these softwares must be identify before using it. Hence, with proper knowledge of its positive and negative effect, a business or an auditing firm will be able to properly utilize its functions that will then produce financial reports which are essential to the company’s economic decision making. Technology has been an integral part of everyone’s daily lives. Different machineries, gadgets, softwares, and equipment have changed the ways of living of the Filipinos. These things ease the job of a worker, helps a student do home works and research faster, and a mother do household chores. Many developed softwares that are useful for the management of the organization. Like softwares that can improve the production of a product, softwares that help...
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...Accounting for Software Development Costs Applying SOP 98–1 Paul Flanagan Principal Consultant 1552 Lakeport Court, Virginia Beach, VA 23464 Tel: 757-373-1454 / Fax: 810-885-5312 / pflanagan@christophertechnology.com www.christophertechnology.com Disclaimer The author of this report is neither a Certified Public Accountant nor an Attorney. This report should not be construed as providing either financial accounting advice or legal advice. This report represents the views of a senior information technology executive who has significant experience in the application of these accounting guidelines in the real world of business operations. Because applying these concepts depends upon the exact circumstances of your enterprise, this report shows only guidelines which have operated successfully elsewhere, but may not be precisely applicable to your situation. For all accounting or legal advice, please consult a licensed practitioner familiar with your unique situation. Accounting for Software Development Costs Table of Contents Table of Contents Introduction................................................................................................................................... 1 Payoff.......................................................................................................................................... 1 General Applicability..............................................................................................................
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...Axia College Material Yuma N. Vuono turtlelove15@email.phoenix.edu Assignment 1-2 Accounting Software Memo Resource: September 2003 article “A Strategy for Finding the Right Accounting Software” by Randolph P. Johnston located at the website for the Journal of Accountancy. Read the following memo: Your department’s accounting software is extremely outdated and you have included the purchase of new software in this year’s fiscal budget. You have decided it is time to start looking into purchasing your company’s accounting software and have chosen someone in your department to undertake the task. You want to draft a memo for your employee to help guide her in the purchasing process. Prepare a 350-word memo discussing the factors to consider when choosing accounting software. Analyze why each factor is important and the risks of not considering each factor. Post your memo as an attachment. Post your Certificate of Originality. Interoffice Memo: To: | Jane Assistant | From: | Yuma N. Vuono | CC: | John President | Date: | 1/29/2012 | Re: | Accounting Software | Comments: | Hello Jane,As you know, our accounting software is extremely outdated. I have included the purchase of new software in this year's fiscal budget and decided you would be the perfect person to research the various types of accounting software systems on the market and choose the most suitable system for our company. We both understand the importance of choosing a system that will...
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...CHAPTER ONE 1.0 INTRODUCTION Accounting software packages have become common place for many organizations in recording business transactions, preparing financial statements and analyzing operations. Accounting software has freed accountants from the manual recording and presentation of financial data. By using accounting software, financial transactions would be recorded more quickly and accurately at a relatively low cost. Moreover, accounting software packages increased overall operational effectiveness by improving both the quantity and quality of management information available (Collins, 1999; Fisher and Fisher, 2001; and Abu-Musa, 2004). Years ago, when personal computers were just coming into their own, accounting software was relatively simple. Its single function was to automate the task of double-entry accounting and produce a straightforward balance sheet. As computers became more robust and integrated databases standardized, accounting software developers added more functions-including cost accounting, manufacturing resource planning, customer resource management, human resources, and payroll (Jones, 2002). Mattingly (2001) stated that choosing the right accounting software is becoming more difficult as the software market becomes increasingly fragmented. In many cases, more product information makes decision-making more difficult rather than less. The risks of leaping into an expensive purchase decision are hard to assess. Collins (1999) also confirmed...
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...Accounting Information Systems Maxell XACC/210 August 08, 2014 Donna Tennyson Accounting Information Systems Companies or businesses have different information systems to assist in conducting the corporations’ daily financial operations. The various types of accounting systems employed by accounts receivable, payroll, accounts payable, and accounting in general are vast. These include common ones such as UltiPro, ADP Payroll services, and QuickBooks Payroll. Paychex Inc. is a payroll and human resource service company which serves many businesses in the US. The company services include payroll services, 401(k) plans, group health insurance, HR Administration & Compliance, time and labor management. QuickBooks payroll is used for calculating taxes, filing and paying taxes, and payroll. Companies can also switch to running QuickBooks payroll manually, in a similar fashion to hybrid software. Indeed, manual payroll requires the calculation and filing and paying of your own taxes. Another software is Microsoft excel which is an automated spreadsheet package that can be used for keeping, consolidating and handling data. Other processes that excel programs are used for includes: charting, or graphing data to support users in recognizing data movements, sorting and clarifying data to find specific information. QuickBooks software is developed and marketed by Intuit to perform various accounting task across the different departs of a business. One can gain from Intuit with...
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...Electronic Accounting in Today's World Leigh M., Yahoo! Contributor Network May 18, 2007 "Contribute content like this. Start Here." .More: Accounting Software Accounts Receivable Accounting Accounting Degree .Share on Facebook Share on Twitter Print Flag Close 4 Helpful? Post a comment Just about everything in the world today has been affected by technology. Particularly, accounting has been affected to the highest degree. There is less paperwork and less guesswork. Accounting software has made accounting much easier to deal with by saving all the information one enter into the system and distributing it the data amongst all the proper locations. There is only one thing accounting software has not simplified is deciding which software to use. If one were to look up the words "accounting software" on google.com one would receive nearly six million results. However, I will only discuss two. Best Software's Peachtree Complete Accounting and Intuit's QuickBooks Pro are two of the most popular small business solution systems on the market today. Peachtree offers five levels of current software ranging from $99.00 for a beginner's version to $499.00 for a premium version. QuickBooks offers six levels of software ranging from $19.95 for an online version to $3,500.00 for an enterprise version. Except exactly how do the two softwares compare in everyday use? Both can integrate with Microsoft Excel. Both systems have accounts payable, accounts receivable, etc. One can track...
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...Kudler Accounting System By Victor Cromartie BSA /310 February 25, 2013 Adaptation to an accounting system within a business or enterprise adds informative value across the company’s infrastructure. The value displayed by the accounting system role plays in effective facets such as faster processing to all accounting functions and foundationally offering over the top results to errors prone from human weaknesses within the data processing schema. System adaption can improve managerial resourcing and monitor processing thus allowing for better control within Kudler entities presently and within the future. Values stream outward as time and responsibilities are placed into organized role task for employees, allowing for improved customer service among consumers and stakeholders. Core features within the accounting system will address priority levels of information, enhancing decision making in all facets of company planning and viable control functions. A point of central consideration should be the inventory focus within Kudler Fine Foods. Inventory remains essential in balancing all spherical points within the Kudler organization. [pic] Characteristics of the System In the opinion of this accounting firm, Kudler Fine Foods needs to purchase software to record, maintain, and report their information. Every organization has several processes with some experiencing more complex than others. If Kudler wants to remain...
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...link: http://homeworkgallery.com/index.php/product/acc-250-entire-course/ ACC 250 Week 1 Assignment Accounting Memo. The software that we use for accounting applications is obsolete. Therefore new accounting software should be acquired as soon as possible. As a result our organization has made room in this year’s budget for the software. ACC 250 Week 1 Checkpoint Choosing Accounting Software. Accounting software is typically designed to handle the needs of four kinds of companies. These are (i) entry-level (entry) businesses with up to 20 employees and 5 million dollars in annual revenues (ii) small to medium businesses (SMB) with up to 100 employees and 100 million in annual revenues, (iii) small to medium enterprises (SME) with up to 500 employees and 500 million in annual revenues, and (iv) enterprise resource planning groups (ERP) with over 500 employees and annual revenues of over 500 million (Johnston, 2008) ACC 250 Week 2 Bellwether Garden Supply CheckPoint.pdf This work comprises ACC 250 Week 2 Bellwether Garden Supply CheckPoint ACC 250 Week 2 DQs. You have just completed training for your new position in a large accounting firm. The trainer has covered the difference between manual accounting and computerized accounting. What questions do you have regarding the differences? What are the advantages of computerized accounting versus manual accounting? What was the most challenging aspect of the material covered this week? What aspects did you find most...
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... Riordan has six manufacturing locations in the United States, and one location in China. Riordan creates innovative plastic designs using state-of-the-art technologies that have earned them international acclaim. The various business entities of Riordan Manufacturing are using different Financial and Accounting applications and their incompatibility is causing many issues in the day to day operations of the company. In order to improve the productivity and efficiency of the business entities, Riordan management is considering outsourcing the Financial and Accounting Application for all the business entities. Outsourcing this application can provide specialized support, can increase the speed for a quick turnaround, and can reduce costs for maximized profits. This document provides the business context, implementation plan, performance measures and review of the costs and benefits of the proposed solution. Business Context Riordan Manufacturing has three operating entities, and a joint venture with their own Finance & Accounting Systems. These F&A systems are not compatible with each other, and they are from different vendors, and on different hardware and software platforms. Consolidated financial reports are generated monthly at the corporate office based on the input received from the business entities. Due to compatibility issues, Riordan is experiencing many operational difficulties when generating the consolidated financial reports. Business entities submit...
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...AUO1 – Auditing and Information Systems Additional Study Questions Accounting Information Systems Competency 302.1.1: Nature and Purpose The student understands the nature and purpose of information systems. * What is the difference between transaction processing systems, management information systems, and decision support systems? Transaction processing systems - document financial activities Management information systems - used to collect qualitative as well as quantitative information for decision making within organizations Decision support systems - help the developers of an AIS identify what information they need for their planning, decision making, and control functions * How is a flowchart used? A document flowchart traces the physical flow of documents through an organization—that is, the flow of documents from the departments, groups, or individuals who first created them to their final destinations. * How is the accounting information system documented? An accounting information system is a collection of data and processing procedures that creates needed information for its users. An information system's components: Data or information is input, processed, and output as information for planning, decision-making, and control purposes. Nine reasons to document an AIS are (1) to explain how the system works, (2) to train others, (3) to help developers design new systems, (4) to control system development and maintenance costs, (5) to standardize...
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...CONVENTIONAL ACCOUNTING SYSTEM AND INFORMATION TECHNOLOGY: EXPERIENCES IN MY PLACES OF WORK. BEING A SEMINAR PAPER PRESENTATION IN ACCOUNTING AND INFORMATION TECHNOLOGY FOR MASTERS IN ACCOUNTING (MAC) DEPARTMENT OF ACCOUNTING FACULTY OF ADMINISTRATION SCHOOL OF POSTGRADUATE STUDIES AHMADU BELLO UNIVERSITY, ZARIA, NIGERIA BY: KALU NNANNA NWONYUKU JUNE, 2013 CONTENTS 1.1.1 INTRODUCTION 1.2.1 THE MEANING OF ACCOUNTING AND ACCOUNTING PROCESS 1.2.2 THE ROLES AND FUNCTION OF ACCOUNTING INFORMATION 1.2.3 BASIC ELEMENTS OF AN ACCOUNTING INFORMATION 1.2.4 BASIC ACCOUNTING POSTULATES AND PRINCIPLES 1.3.1 MEANING OF INFORMATION TECHNOLOGY 1.3.2 ADVENT OF INFORMATION TECHNOLOGY IN ACCOUNTING SYSTEM 1.3.3. THE IMPORTANCE OF INFORMATION TECHNOLOGY TO ACCOUNTING SYSTEM 1.4.1 INFORMATION TECHNOLOGY USE FOR AN ACCOUNTING SYSTEM 1.4.2 SOFTWARE FOR ACCOUNTING INFORMATION SYSTEM 1.4.3 FACTORS TO CONSIDER WHEN CHOOSING ACCOUNTING SOFTWARE 1.4.4 HOW TO CHECK ACCOUNTING SOFTWARE 1.5.1 MERITS OF COMPUTERIZED ACCOUNTING SYSTEM 1.5.2 DEMERITS/LIMITATION...
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...Kudler Fine Foods is a growing business in an evolving world. Modern technology advancements in accounting information systems will aid Kudler in the company’s growth and will eventually reduce accounting costs and the time it takes to complete accounting processes. We recommend that Kudler switch from paper accounting to an automated system, such as POS system to enhance the payroll, accounts payable, accounts receivable, and inventory processes. Accounting Information Systems Kudler Fine Foods is a company that was started with an idea and has now expanded their chain into three additional stores within a couple of years. They are in need of software suitable for the specific needs of the organization. Analyze the nature of the software that Kudler would benefit most from is very important. A collective discussion will be on the accounting information system (AIS) in regards to the internal controls of Kudler’s Fine Foods and what the company will need in order to run reports and statements. Rational and Analysis of Recommendation If a company takes the time to develop their accounting system it will provide the organization with a long term benefit. It allows a company to meet their financial obligations with accurate reporting. Kudler Fine Foods benefit best if they developing a customized system. Although the development of a customize system could become significantly costly and very time consuming with implementation the advantage is that the system is designed to...
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...Sage Peachtree Accounting Complete and Microsoft Dynamics GP Software Evaluation Sage Peachtree Accounting Complete and Microsoft Dynamics GP are among the most widely used accounting software. An analysis of these two accounting software packages follows. Sage Peachtree Accounting Complete Peachtree is an accounting software program available to small and large businesses to include specialties for certain industries; is it ranked amongst the top accounting software program in the market. “This is due to the fact that it provides customers with an entirely comprehensive accounting software program that allows business leaders in virtually every sector to track crucial accounting information and thereby record higher profits and experience increased levels of efficiency” (The Accounting, 2013). The reputation Peachtree has built has made it the most trustworthy name in accounting software. The purchase price for Peachtree ranges from varying on the size of the business and its specialty in the industry. For example, Peachtree complete accounting 2012 software for a small business costs $299.99. However, Peachtree Premium Accounting for Distribution 2010 will cost a company $1199.99. This does not include any extras added in; this is just the base price for if a company purchased the software online and no installation costs have been added as well. All Peachtree products can be viewed on websites to include amazon.com, bizrate.com and simply by searching...
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...professional with nearly 2 years of proven work experience in accounts, client relations and customer service within diversified industries. Career record of achieving set goals and consistent work performance on the basis of dedicated work approach. Ability to work under pressure, effectively meet deadlines and maintain strict confidentiality of documents. Dedicated team player who possesses excellent analytical, problem solving, communication and interpersonal skills. On visit visa with and available for immediate employment. * STRENGTHS * Well experienced Professional * General Ledger preparation * Receivables-Payables Handling * Trained in QuickBooks, Advanced Excel & Financial Modeling * Competencies in Accounting Functions * Excellent Numerical & Computing skills * Possess strong Team playing attitude * Excellent command over spoken & written English(IELTS 5.5) * QUALIFICATIONS * CMA (Certified Management Accountant-US) Processing... Institute of Business Leadership (IBL)-Islamabad (Pak) * PEARSON EXTENDED LEVEL 7 (Pearson Extended Level 7 Diploma in Strategic Management & Leadership (QCF- UK) in Sep 2015) Institute of Business Leadership (IBL)-Islamabad (Pak) * PEARSON PGD Level 7 (Pearson BTEC PGD Level 7 Diploma in Strategic Management & Leadership (QCF- UK) in April 2015) Institute of Business Leadership (IBL)-Islamabad (Pak) * HDA...
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