...Background Kudler Fine Foods set aside approximately $50,000 to hire a consulting firm to help with the selection and installation of a comprehensive Retail Enterprise Management System (REMS). After selecting Smith Systems Consulting as the consultant for this project, it was determined that a modular system should be selected and installed. The modules that were selected and installed are General Ledger, Accounts Payable, Point of Sale (POS) and Bank Reconciliation. The Asset Management and Accounting module was not acquired. Auxiliary generators have been installed at each location and the corporate offices, due to the frequent power issues in Southern California, to ensure that the accounting and finance system is available 24 hours a day, 7 days a week. General Ledger Module A general ledger is a record that stores balance sheet and income statement transactions (Averkamp, 2014). The financial data listed in the general ledger is the assets, liabilities, equity, income, cost of goods sold (COGS) and expenses in this order. A systematic numbering system is used to assign account numbers to each individual account under each section. At this point, the items are considered accounts. The account numbers that are assigned to each item can be found in the Chart of Accounts (COA). Accounts Payable Module Accounts payable (AP) are debts that must be paid off within a given period of time to avoid being in default (“Accounts Payable – Ap”, 2014). AP entries are...
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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...
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...New Accounting System Justin Taylor BSA/310 February 9, 2012 Sanford Schram New Accounting System Kudler Fine Foods is known as a store dedicated to bringing classy foods to quality clients (Apollo Group, 2011). Although Kudler Fine Foods has gotten by with the old accounting system it is high time for an update. The original approach to this endeavor was to hire a consulting firm to assist in the systems selection and execution (Apollo Group, 2011). The Kudler Fine Foods budget for the new accounting system is $50,000 dollars. A few of the key features are the same, but some have changed with this upgrade (Apollo Group, 2011). To start with this new system allows Kudler Fine Foods to keep a record of purchases made by each of its customers (Apollo Group, 2011). When a customer purchases a product it will be entered in a database detailing what was purchased, the amount of the products purchased, and the total cost. As a bonus the feature of online banking joins Kudler Fine Foods to the new millennium, which makes banking simpler (Apollo Group, 2011). Basically the Kudler Fine Foods will be able to pay its bills immediately, and track the amount of money in the account. This particular feature has been enjoy by the common man for years adding it puts Kudler Fine Foods in touch with technology (Apollo Group, 2011). The new system also displays the accounts that Kudler Fine Foods receives from its customers. Moreover, accounts receivable tracks incoming, and outgoing...
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...Computer Information System Kerry Seeley ACC542 January 9, 2012 Jana L. Highwart, MBA Computer Information System Kudler Fine Foods is a specialty food store in the San Diego area (Apollo Group, Inc., 2010). Kathy Kudler opens three stores, first store is La Jolla, second store is Del Mar, and the third store is Encinitas. According to Apollo Group, Inc., (2010), Kudler Fine Foods has an assortment of local and international food and beverages including items such as seafood, produce, condiments, meat, dairy products, bakery, packaged foods, wine, and cheese. Kudler Fine Foods hires Seeley’s Firm to evaluate Kudler’s accounting and information technology systems. Seeley’s Firm will report Kudler’s business and accounting needs, current hardware and software, strengths and weaknesses of current computer system, investigate prospects to improve the technology use, assess risks concerning the current computer system, and recommendations to improve Kudler’s ability to manage business. Business and Accounting Needs Concerning Kudler’s over-all business and accounting needs, the general needs are human resources, maintenance, sales, information technology marketing, consumer relations, communications, and advertising. Kudler’s accounting needs is inventory, purchasing, security, payroll, general ledger, bank reconciliations, accounts payable, point of service transactions, capital assets, and accounts receivable. It is essential that Kudler Fine Foods needs are met in...
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...Kudler Fine Foods: Accounting Systems Chris Kozyra BSA/310 June 30, 2014 Professor Paula Billups Kudler Fine Foods Accounting Systems According to Raiborn (2010), “An accounting system provides a systematic approach to collecting, processing, and communicating financial information to decision makers in an effective and efficient manner”(Ch. 2, An introduction to the Accounting System, para 1). Kudler Fine Foods hired a consulting firm, Smith Systems Consulting, to help select, install, and maintain a Retail Enterprise Management System (REMS). The features, technology, benefits, and cost of the accounting system will help inform the decision makers of Kudler Fine Foods and help them is directing Kudler Fine Foods’s future. Key Features There are six major modules that will be used in the new accounting system. They are the General Ledger Module, Accounts Payable Module, POS Module, Bank Reconciliation Module, Asset Management and Accounting, and Security. The General Ledger Module contains the chart of accounts, transaction details, financial reporting, budgets, and limit manual data entry. The Accounts Payable Module includes vendor codes, master files, check printing, tax and freight allocations, and bank accounts. The POS Module includes retail sales and reports, provides data to the General Ledger, and cash and credit sales transactions. The Bank Reconciliation Module handles reconciling checks, account deposits...
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...Computer Information System Brief ACC/542 Computer Information System Brief Kudler Fine Foods operates in La Jolla, Del Mar, and Encinitas California providing gourmet meats, cheese, produce, wine, and deserts to the community. Kudler Fine Foods offers its customers a selection of fine foods from around the world as the company takes pride in providing the finest epicurean delights. During the review of Kudler Fine Foods determined the company’s needs to strengthen accounting practices and fix the technological weaknesses found with the technology and computer systems. This brief will discuss the key business and accounting information needs; strengths and weaknesses of Kudler’s current computer system and technology use; explain the opportunities Kudler has in terms of technology and provide suggestions; and evaluate the threats that Kudler may encounter with the current systems. Computer System Kudler Fine Foods success depends on the systems three stores have in place. As each store sells meat, bakes goods, produce, cheese, wine, and dairy products, the computer system must allow managers and employees of the company to track inventory, sales, spoilage, and consumer purchasing trends. The current computer system in each store is accessible 24 hours a day, and the owner is responsible for training the employees to ensure each employee understands the daily operating system. The decision to have the owner train the employees serves as a strength because...
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...Computer Information Systems Brief: Kudler Fine Foods Crystal Levine February 3, 2014 ACC/542 Facilitator Yasin Dadabhoy Introduction Kudler Fine Foods is an upscale specialty food store that provides the very best domestic and imported foods from all around the world. They have a wide variety of specialty baked goods, fresh produce, and fresh meat and seafood. Kudler Fine Foods currently has three locations in the San Diego metropolitan area, and prides themselves on pleasing their customers and providing them with a delightful shopping outing. Kudler’s Key Business and Accounting Needs Kudler Fine Foods has some important business and accounting needs in order to allow for their businesses to run smoothly. Their needs include things such as inventory control, accurate recording of accounting transactions, and efficient tracking of customer accounts. Currently Kudler Fine Foods uses a Retail Enterprise Management System (REMS) for their current accounting information system. This is currently being maintained by Smith Systems Consulting. Currently Kudler’s REMS provides them with many important financial modules. The general ledger module provides them with functions such as the ability to run financial reports, and transaction details and roll-ups. The accounts payable module allows them to do things such as print checks and also allows the purchase order module to post vendor orders directly to the AP module. What they do need in this module is the system’s ability...
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...System Integrity and Validation ACC/542 September 3, 2012 System Integrity and Validation Kudler Fine Foods has three different locations that carry domestic and imported foods that are in five different departments. Kudler Fine Food management decided to have an accounting firm come in and look at the computer system that they are using. Kudler Fine Food is looking to successfully improve the system for possible expansion in the local area or in different states. The accounting firm has given Kudler Fine Foods six weeks to let them know what the strengths, weaknesses, and what improvements need to be done. The accounting firm took the first week to look at the type of system that Kudler Fine Foods have and how to make improvements. What the accounting firm discovered is that Kudler Fine Foods has installed the comprehensive modular Retail Management System which is a point-of-sale that may or may not have a web-based program. During this time the accounting firm discussed the improvements to the module to reduce the manual transactions and make the system more effective. The accounting firm also discussed the possible threats and ways that the threats can be prevented. The next step that needed to be discussed is the type of software for Kudler Fine Foods. The accounting firm made a suggestion of industry-customizable financial software that would replace the current processes. Once the accounting firm decided that the industry-customizable financial software would benefit...
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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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...Kudler Fine Foods Automation Process of Accounting Information System ACC/542 Accounting Information Systems March 27, 2012 Kudler Fine Foods Accounting Information Systems Kudler Fine Foods (Kudler) is an upscale specialty food store chain in the San Diego, CA area. It was established in 1998 by its current owner Kathy Kudler, and since has expanded to three locations, all focused on providing the best quality bakery products, fresh produce and meats, condiments, packaged foods, cheese, specialty dairy products and fine wine (Apollo Group, Inc., 2011). Kudler currently uses a retail management system that includes a point of sale (POS) module for cash sales, QuickBooks software for payroll functions, Microsoft Access as a customer database, an Excel spreadsheet as an inventory tracker, and several other specific-area modules required to operate the system. Although the current software addresses most of Kudler's accounting information system (ACI) needs, team A recommends installing a new system that would centralize major accounting functions and automate some processes the company currently performs manually (Apollo Group, Inc., 2011). When choosing new accounting software, most companies have several options. These include custom solutions, Enterprise Resource Planning (ERP) software, and industry specific AIS. Team A recommends Kudler purchases an industry specific solution for several reasons. There are numerous businesses, for...
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...Kudler Fine Foods goals are to increase loyalty of consumers and profitability. To be able to achieve these goals Kudler Fine Foods needs to expanding the services, implementing the frequent shopper program and to reduce costs through better bargaining with the suppliers and improved inventory management system. Kudler Fine Foods steps of collaboration should take place in the area of forecasting. Kudler Fine Foods should be coming up with ways to that will attract the most customers into the store. They can do this by setting up in-store cooking class special and promoting their new frequent shopper, Kudler Fine Foods also needs to forecast how they will handle the inventory levels so nothing is either overly or underlie stocked. Kudler Fine Foods second step is to coordinate the function of merchandise selection and pricing. This is to make sure that the right so that the right merchandise is available to the customers while they are in the implementation of frequent shopper program. Also during this stage Kudler Fine Foods has good products available for their customers from their suppliers. In the third step, the function of inventory management should fine tuned with the expansion of services campaign and implementation of frequent shopper program of Kudler Fine Foods to introduce Just In Time technique. The introduction of JIT will help reduce the costs for Kudler Fine Foods. In the fourth step there should be close coordination with the accounting function. This is...
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...Kudler Fine Foods’ Information Needs Kudler Fine Foods’ have a significant starting platform for their key business and information needs. With three stores and the profitability to increase their numbers in the future, it is necessary to evaluate Kudler Fine Foods in order to facilitate any technology changes needed to decrease the chances of growing pains in the foreseeable future. Keeping Kudler Fine Foods in a competitive position through technological growth will allow the company to expand and persevere in hard economic times. Kudler Fine Foods has three stores that are all connected through a T3 dedicated line. This allows all stores to remain in proper communication with the other stores and helps each store assist the others when needed. Strengths Kudler Fine Foods has many strengths in their information systems. The Retail Enterprise Management System (REMS) that Kudler Fine Foods received from Smith Systems Consulting laid the groundwork for an effective information system however; there are areas of needed improvement. The REM system came with a General Ledger module, Accounts Payable module, Point of Sale module, Bank Reconciliation module, and installed backup generators to assist in times of power failure. Kudler Fine Foods also has a dedicated T3 line that connects all 3 of their stores together. This line allows to effortless communication between administration and their stores so that information is ready quickly and easily when needed. Weaknesses...
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...COMPUTER INFORMATION SYSTEM BRIEF-KUDLER FINE FOODS Kudler Fine Foods expresses on their website that they “will go to extensive lengths to assure that Kudler Fine Foods is the purveyor of choice for customers aspiring to purchase the finest epicurean delights”. This information lets our company know that we are working with a company that is ready and able to take that next step into the 21st century when it comes to technology and accomplishing any business goals. Kudler Fine Foods, as our client, has asked how computer systems might be more effectively integrated to meet their business needs and improve their accounting operations. In the following brief, our company will attempt to give suggestions on making Kudler Fine Food’s information system more successful for their business and accounting operations. IDENTIFYING BUISNESS AND ACCOUNTING NEEDS Kudler Fine Foods seems to have the internet site set up very well. It allows the customers to see what the company has to offer as well as give them important contact information on where the product is sold, and how to get it. One need as far as the customer’s base is concerned is maybe reaching out to more paying customers. Kudler Fine Foods are searchable through the world wide net and that also means that they can receive profits from all parts of the world. As far as addressing business needs, an internet site where products can be purchased would be greatly beneficial. When it comes to the Kudler’s intranet...
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...Kudler Accounting System Derek Gleaves UNIVERSITY OF PHOENIX BSA/310 Frank Skowron December 18, 2011 Kudler Accounting System Kudler wants to incorporate an SQL database that contains the fields found in the company's Chart of Accounts. Add a balance field and create a query that will display all of the fields of the database and run a report totaling the balance field using test data added to the database. Kudler's Chart of Accounts is currently a Microsoft Excel spreadsheet and they want the Chart of Accounts upgraded to the SQL database. The new database will be used to facilitate decision making at the store and department levels. The processes of Kudler Fine Foods include inventory, payroll, accounts payable and accounts receivable. Using a new accounting information systems, will improve these processes from the old system. Key features Intergrading the new accounting system at Kudler Fine Foods has made the company gain new key features along with adding the old key features, such as; It allows the company to keep track of customer purchases. Each time a customer creates a purchase it will register to the new accounting system main computer, and shows what items were purchased along with the price paid. This new system shows the accounts receivables, this show the money being received, and the money going out. The current system at Kudler could be improved through the automation. The objective of accounts payable processing is to pay vendors at the...
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...Kudler Accounting System To the Executives of Kudler Fine Foods, Today, I introduce to you an idea that will help revolutionize the accounting process at Kudler Fine Foods. Upon its implementation, Kudler Fine foods will be able to easily manage its portfolio of accounts and analyze all of its data, all at a moment’s notice. The ability to access reports, on a annually, bi-annually, quarterly, or any time therein, is completely up to the individual. The financial benefits will be instantaneous to the company. One of the key benefits Kudler Fine Foods will gain will be the ability to handle all the raw data that you did not have command of before. This new system not only allows you to improve your financial strategies, but you can also increase your management potential by forecasting future investments. By prompting these new strategies, you are able to access areas of information not easily accessible before, like cash flow and asset management, just to name a few. How can we achieve this level of satisfaction in one software product? Let’s take a look at some of the key features that are built in to the accounting software package. Key Features * Software Compatible – The software is fully integrated with the most popular of software technologies. It will work with the Microsoft Office Suite of applications seamlessly. This will allow Kudler Fine Foods to be able to integrate reports into documents, spreadsheets, or emails without any technical issues. ...
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