Write a report as the accounts manager for an organisation looking at purchasing
ID: 2562817 • Letter: W
Question
Write a report as the accounts manager for an organisation looking at purchasing an accounting information system. The report has been requested by your general manager and should include the following areas A brief overview of how you might identify system features and requirements and the areas you will need to take into account A brief overview of how you might prioritise the requirements An overview of the details that might be involved for a cost-benefit analysis A summary of the testing you might consider The type of user manuals that should be prepared, and availableExplanation / Answer
Identifying System Features and Requirements :
Your accounting needs will increase with the size of your business. You may find that a generic small business accounting software works well for your business with sales of $50,000 per year, but that it does not meet your more complex needs of running a business earning millions. As your business grows, you should consider the need to invest in upgraded accounting software, and be mentally prepared to take on the added expense.
What features or accounting modules do you want within your accounting software? Some people need only very basic features, such as having a simple checkbook. Other business owners have more complex needs for setting up online banking interfaces, credit card processing, inventory management, and creating customized invoices. You will want to find an accounting software that meets your needs for these features.
What features or accounting modules do you want within your accounting software? Some people need only very basic features, such as having a simple checkbook. Other business owners have more complex needs for setting up online banking interfaces, credit card processing, inventory management, and creating customized invoices. You will want to find an accounting software that meets your needs for these features.
Priortize requirements :
Before buying the accounting software, you should check whether software is providing the facility of conversion of your manual accounts in short period without disturbing the business's other important activities and minimum use of employees for this. There are various aspects to plan :
Cost Benefit Analysis
You should do a basic cost-benefit analysis to make sure you do not over or under pay for accounting software based on what it will do for you. Remember, you may pay more for some accounting software, but if it saves time and minimizes common accounting errors than it may be well worth the additional cost.
Summary of Testing
various types of business transactions to be tested in the new software.
User Manuals
All types of user manuals should be prepared
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.