...The San Diego based company Kudler Fine Food’s consists of both domestic and imported food which includes, a bakery, fresh meats, seafood, produce, dairy products and other packed foods and condiments. They have expanded their business to three locations, La Jolla, Encinitas and Del Mar. The company was founded by Kathy Kudler in 1998 who strives to enhance and simplify her business needs. It was noted that she is in need of a new accounting system to facilitate the expanding success of her company. This proposal will feature options that will efficiently accommodate these needs. New Accounting System There are six major components of an Accounting Information System (AIS). • Employees • Procedure and Instructions • Data • Software • Information Infrastructure • Internal Controls. Employees The new Accounting Information System will assist all departments to work in unison. Management can establish sales goals so staff will know how much inventory to order, inventory will notify accounting of the new payable and invoice customer, sales can enter the order, warehouse can package order and shipping department can ship it out. The customer service department can track shipping. The AIS is designed to be user friendly and meet all needs. Authorized personnel can access the same system and share the same information. Procedure and Instructions Processing data will be achieved by both manual input and automated in collecting, retrieving and storing data. Procedures and...
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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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...successful and productive accounting software that support the firm and help it in development whether it’s an expansive endeavor or a little venture. The requirement for the business to have its accounts fit as a fiddle year-round is considerably a momentous accomplishment. The purpose is to help business operations run in a smooth by keeping track of all business transactions in the company (Campbell, 2012). The growth of the accounting system allows the growth of the business because the accounting system because more well-organized. With the accounting needs growth corresponding with the growth of the business, it is substantially important to analyze the great benefits of an efficient accounting system for the short and long term of a company. The firm indulgence in seeking the consultancy service for the Live project - QuickBooks in Action, the Prime Consultancy firm will seek to offer an expert opinion on the adequacy of establishing an accounting system using QuickBooks to BoliEve Inc. Allowing Prime Consultancy firm to be your consultant will not only avail consultancy services from personnel who are highly qualified and experienced at an affordable compensation, the firm will save the time and resources needed to successfully run the business and also ensure the firm takes a step in the right direction (Madeira, 2014). Granting Prime Consultancy the opportunity to offer consultancy services for establishing an accounting system using QuickBooks to BoliEve Inc., Prime...
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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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...i worked in “GO LIVE” on PIFRA platforms and managed all of that through the following: • Assessing the Hardware and software requirements for the project implementing entity. • Updating the Project Accounting system with New Accounting Manual(NAM) Codes. • System and data mapping. • Test Runs • GO LIVE Provided with a computer terminal that is directly linked to the PIFRA transaction server of the Controller General of Accounts establishment (i.e. AGPR, AGs, DAOs and Treasuries). The project’s non-lapsable budgets is loaded into the system at the project implementing entity by the project’s Finance Manager. A sub-account of the consolidated fund shall be established for each donor-funded project, representing the project’s Designated (Special) Account. Each time a payment is processed through the system by the project implementing entity, the transaction will be charged against the sub-account of the consolidated fund of the government and defaulted as a charge against the Bank account of the project. This Bank account will be denominated as the sub-account of the consolidated fund. The project manager at the implementing entity shall also be accorded the powers of a Principal Accounting Officer for the project. Each project accounting systems migrated from MS Excel to QuickBooks or Peachtree depending upon the reporting requirements. However QuickBooks was more popular having more options in terms of digits that it can handle. Fauji Fertilizer Bin Qasim Limited (FFBL)Plantsite...
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...Resource Manager that I know. The sources used and why: Job Incumbents; this source was the easiest to use because I was able to gain insight from someone who was familiar with the tasks involved in Human Resource Management. The Process Used: 1) Gather existing job information from O*NET, current job description and give questionnaire to incumbent. 2) Prepared a written outline of tasks, job duties and computer skills needed 3) Review and rewrite the tasks needed 4) Finalize the tasks needed and speak with incumbent to make sure they are correctly worded. 5) Develop the job requirements matrix Job Requirements A. Summary of Position Design, direct, and organize human resource management activities of an business to take full advantage of the tactical use of human resources and sustain tasks such as employee benefits, staffing, employee procedures, and regulatory compliance (ONET). B. Job Duties 1) Analyze and adjust benefits and compensation. Create reasonable programs and guarantee that the organization is within legal requirements. 2) Organize and conduct new employee orientation. 3) Guide managers on the organizations policies on subjects such as EEO, “sexual harassment and recommend any needed changes.” 4) “Plan, organize, direct, control or coordinate the personnel, training, or labor relations activities of an organization.” 5) Assist management and employees by “handling questions, interpreting and administering contracts and helping...
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...The Effects of Technology on the Accounting Profession Paper Amy Everett ACC/210 December 7, 2015 The Effects of Technology on the Accounting Profession Paper The accounting profession has seen many changes with the advancements of technology and has given accountants with various tools. Examples of these tools include computer-integrated manufacturing, image processing, communications technology, the Internet, and software systems. These examples are a few of the many tools provided by technology and whose purpose is to provide more detailed and accurate information in a timely manner. Advancing technology allows companies to maintain more accurate financial records which are available at the touch of a key. While the advancements have benefited companies everywhere, it also creates new challenges for the accounting profession. Corporate Tax Network (2013) believes that the concept of the spreadsheet has allowed accountants to quickly make calculations with formulas, perform forecasting analysis, and create visualizations that show what the client’s finances and tax requirements from the past, present, and into the future look like. Computers, scanners, faxes, and printers have had a positive impact on the accounting profession. The software that is available makes efficient work of the figures that are reported and provides more accuracy as the calculations are done automatically. With the use of accounting software, the accountant can interpret the financial data...
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...The adoption of cloud based accounting information system in business I. Introduction Accounting information system is playing an important role in the business operation, and the cloud computing has a great impact on the revolution of accounting information system. This research paper aims to discuss the new trend of cloud based accounting information system in business. The whole text is divided into three parts: First part gives an overview of the cloud computing and accounting information system; second part analyses the benefits and challenges of the accounting information system's move to the cloud; and third part gives the recommendations on key success factors of the adoption. II. Cloud-based accounting information system overview i. Cloud computing According to the definition given by the NIST (National Institute of Standards and Technology), “Cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction. This cloud model is composed of five essential characteristics.” The NIST also identified the following five essential characteristics that cloud computing has: (i) “On-demand self-service”. With the time and network stored in the cloud server, cloud computing dramatically reduces consumer’s human interaction with...
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...| Service Request SR – rm - 012 | TIFANY READ , RICHARD GIOIA, TIMOTHY BERGERON | 6/23/14 | BSA 310 | | | Service Request SR – rm - 012 | TIFANY READ , RICHARD GIOIA, TIMOTHY BERGERON | 6/23/14 | BSA 310 | | Running Head: Riordan Manufacturing Learning Team C: Richard Gioia, Tifany Read, Timothy Bergeron BSA/310 6/22/2014 Riordan Manufacturing Incorporated owned and operated by Riordan Industries, which is a Fortune 1000 enterprise with current revenues in excess of $1 billion US dollars. Riordan Manufacturing currently employs 550 people and has projected annual earnings of $46 million US dollars. Riordan Manufacturing is broken up into multiple plants. Plastic beverage containers are currently in production in Albany, Georgia, custom plastic parts production is in Pontiac, Michigan, and plastic fan parts production is in Hangzhou, China. The research and development facility currently resides at the corporate headquarters in San Jose, California. The majority of their customers are automotive parts manufacturers, aircraft manufactures, the Department of Defense, beverage makers and bottlers, and appliance manufactures. The mission of Riordan Manufacturing focuses in achieving and maintaining reasonable profitability to assure that the financial and human capital is available for sustained growth. Using Six Sigma, leading edge R&D and exceeding ISO 9000 standards, are the attitudes and abilities by which...
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...inventory management system also keeps an audit trail of all transactions. 2. Benefits - The benefits of an inventory management system include accounts and inventory processing through automation, which reduces human error; various reports to analyze stock levels; quantities and transaction histories of items; and different models that can be used based on the type of organization or company adopting the inventory management system. 3. System’s fulfillment on the Institution’s mission - When a company purchases excessive inventory, it can lead to a higher stocking fee or cost that affects profitability. An inventory management system can prevent inventory excess and analyze a stock of products that don’t move or sell quickly. Inventory software programs and routines used by an inventory management system can analyze and perform computerized audits on all or selected items by providing a transaction history report. This report can assist inventory managers to make better decisions when purchasing or determining inventory levels. 4. Uniqueness of the System – Inventory...
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...margaret@somedomain.com | | | E nterprising, hard-working and technically skilled accounts payable specialist known for accuracy, attention to detail and timeliness in managing disbursement functions for diverse-industry employers. A/P career spans 17 years of experience in manufacturing, retail, higher education and other industries and has included accountability for the processing of up to 20,000 invoices ($1M) per month. Backed by solid credentials (BS in accounting) and proficiencies in generally accepted accounting practices as well as MS Office Suite, Great Plains software, QuickBooks, ERP/EDI systems and SAP. See CareerOne’s advice articles, videos and resume building tool here | | |Key Skills | | | |Accounts Payable Processes & Management |ERP, EDI & Financial System Technologies ...
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...Introduction During the recent years the use of cloud based accounting information systems (AIS) in business organisations has been growing rapidly. In a survey conducted by Mimecast across the U.S. and Canada on cloud computing adoption by businesses, it has been found that 51 percent of the business ventures have already adopted cloud computing. The survey also indicated that 66 percent of enterprises are considering about the adoption of cloud computing. (Ward and Sipior, 2010) Cloud based accounting information system brings operational and cost efficiency to the organization by enabling enterprises to store, access and share information at lower costs and with greater flexibility.(BHIMANI and WILLCOCKS, 2014) However, data security and privacy are two of the major concerns in terms of the extensive use of cloud computing in enterprises. (Lia et al., 2011). Overview of cloud computing Cloud computing is an information technology service model where computing services (both hardware and software) are delivered on-demand to customers over a network in a selfservice fashion, independent of device and location. (Prasad et al., 2013). Two terms are closely interlinked with the cloud computing are “Software-as-a-Service,” or “SaaS,” and “Application Service Provider,” or “ASP.” Both terms refer to software delivered via the Internet in a multitenant model. In other words, multiple customers are accessing the same software at the same time. (Lee and Jr., 2012). Cloud computing provides...
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...Ensure accuracy of bank statement reconciliation and date entry to the general ledger system Assist and prepare quarterly financial statement Process purchase order, arrange import products from China and schedule the shipment Print daily account payable checks and create invoices Follow – up on collections and General Ledger Postings Communicate and update supervisor / senior administrators on customer status and production issues on a regular basis Developed account balancing interface to EDI accounting system Prepare requisitions for office, computer, and routine supply purchases Billing Specialist Discovery Benefit Inc. Fargo, ND September 2007 – January 2010 Reviewed, processed, and managed flexible spending account claims, health reimbursement arrangements, transportation claims, and debit card documentation Researched and corrected account balancing between multiple systems Analyzed reimbursement documentation and corrected any missing reimbursement requirements Processed monthly insurance billing and carrier updates Recorded NSF checks returned by bank and notify participants of adjusted balance Keyed applicant claim within required timeline Monitored and processed recurring debit card transactions, ensuring accuracy of claim adjudicating and entry. Performed monthly remittance processing and reconciled carrier statements back to monthly carrier payments Help Desk Technician Ygomi SEI LLC Fargo, ND May 2007 – September 2007 Identified and troubleshot...
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...Processes Information Systems and their Business Processes In day to day functions within numerous organizations, corporations, industries, and the common workplace, companies strive every day to meet increasing demands. Most companies use methods or tools to redefine their daily processes to lower their budget, to increase the quality of their products, or to simply come up with an easier means to carry out assignments and tasks. As production and demands increases managers are faced with decisions of making the best choice to run their organizations in order to gain or maintain a competitive edge. Some of these decisions are simple and many are quite complex. To aid managers in decision making processes, many businesses employ the use computer-aided decision support systems. To help businesses with data and processing information many organizations turn to different information systems, from excel, FileMaker, to quick books. With the rapid change in technology businesses have to be competitive in this environment, businesses cannot be static, but need to grow and change to meet the needs of the market place. To do this, businesses need to make good decisions and have to look for the best information systems that fit their needs. In this essay, I will talk about the business processes in my company. How managers deal with decision making. How information systems plays a role in the day to day work load, the way information systems increase business production, the value...
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...CHAPTER 1 INTRODUCTION Computer serves as a big help in our society today. It provides the most storage capacity and processing capabilities. It also serves great advantage for improving the effectiveness and efficiency of payroll processes. The role of Information Technology is constantly evolving and has changed significantly and now enables new competencies that make new strategies no matter the sector is. Businesses of all sizes make use of computer based systems because of its great benefits to improve efficiency of business transactions, not only does this kind of technology improve their daily routine and processes, but also boost their daily business transactions, communications and general operations. Business establishments or corporations have to use modern technology to be competitive. The application of up-to-date technology helps businesses solve complex problems making daily office tasks faster, secured and most of all cost-saving. Payroll is the sum of all financial records of an employee. In accounting, payroll refers to the amount paid to employees for services they provided during certain period of time. Payroll system is the heart of every Human Resource System in an organization. [STUD2011] The developed system for Benigno “Ninoy” S. Aquino High school is classified as a Transaction Process System (TPS) because it can provide accurate data and reports in a certain business, In this case the payroll in the said school. Payroll System with Biometrics for...
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