Lafleur Trading Company is based upon a decentralized organizational structure with the chief executive officer on top followed by chiefs of information, financial, and operations below. A decentralized organizational structure is where high-ups delegate authority down a chain of command to allow employees at many levels to make decisions. This is beneficial because minor problems can get solved at a quicker rate because they don’t need to get escalated up the entire chain. This in turn leaves upper management more time to accomplish their own agendas for the company. Because Lafleur Trading Company has employees at many levels within the organization, proper file data management is extremely crucial.…
this, improving the Strategic area will improve the financial area as well. With improved growth, a company would naturally see an increase in revenue. Plus with the reduced cost of maintaining a lower profile file management system, profit margin will also see an increase. Customer relations will likely improve with a more streamlined file system as entering and retrieving data will allow for quicker turnaround times and improved accuracy. Finally, we can examine the improvement for Social concerns. However, the focal point of this project is to improve the Operational concerns of the company as that is…
A good accounting information system (AIS) will help create, maintain, and distribute the financial reports as well as perform tasks in payroll, accounts receivable, accounts payable, inventory, and budgeting (Bagranoff, Simkin, & Norman, 2010). Management will be able to set up controls in the system allowing staff to have access to what is necessary and appropriate for their job. They will be able to call up and modify this information electronically without searching or filling out new paperwork. Data entry will be mainstreamed, allowing for less key strokes, and integration of information. This will allow for better accuracy in accounting and accounts will be able to be managed more efficiently, including processing of bi-weekly payroll. Payroll will then be sent directly to processing and reports to the correct managers. Accounts receivable will be able to track when customers use the POS system and update the sales information. Accounts payable will track when a vendor payment is due, allowing for payment processing, and appropriate management and accounting reports. The inventory system will be more accurate saving Kudler time and…
Storing information is essential for many reasons; these include ease of access and readability, the level of detail you are able to store, the choice to have various copies of the information in case of loss and ease of transfer.…
Most of information that is maintained within the system is vital employee information such as personal information (name, address, birth date), current pay rate, tax exemptions and time-off/vacation status. When this information needs to be routinely updated submissions are made in writing to the employee 's department manager and are then input into the system by the payroll clerk. At the moment, there is no central filing system for employee records as they are currently kept by department managers who are also responsible for…
Keeping an up to date and accurate record of all transactions for a small business is very important. Small businesses need to have a system in place for all record keeping for many reasons.…
The purpose of filing information is to be able to find it at a later date when it is needed. A good filing and retrieval system makes this easier. Business will often need access to information, which needs to be complete, accurate and up to date, in order to make proper decisions. Businesses that don’t take filing seriously will be unable to paper or electronic documents.…
Owning a business means looking at the whole picture. Learning the numerous Information Systems and how they mold and support an organizations structure has been enlightening. The majority of success a business achieves is determined by the efficiency of its information system in all departments including Accounting, Financing, Marketing, Human Resources, and Functional Areas. The extant of Information Systems productivity and usefulness is truly unlimited.…
Sy should implement an information technology system so documents can be recorded in a timely manner and not lost in the mail.…
Organizations of all sizes have some dependence on Excel and manual reports for record keeping. Record keeping with the help of software has helped the companies to manage the record in the much more efficient manner and has also helped in decision making.…
It provides the user to have a systematic and make the records organize. It also make them easy in keeping the record and information.…
The aim of this paper is to study the concept of how a business handles the data that comes to them. By this study, we can show what kind of file keeping and file arranging they do to keep their daily transactions to the people who buy for them.…
My role is working within the Human Resources Department . Within the modern world of business there is an ever-increasing need for organisations to be more efficient. The current systems we use at present to maintain seafarers certification are that of paper format kept in cabinets around the office, this has resulted in the office being cramped and not working as efficiently as it could. I feel that paper documents are anything but fast and effective. Whilst keeping paper data may sound like the right answer to store personnel data in reality for some information it simply cannot be done. Information will continue to be lost, misplaced, wrongly filed or damaged.…
The researcher used survey metod to carry out research at her stated station of study and as a result of this the reseaecher 's aim was to know how filing has contributed to some of the information centres more so libraries.…
Business is one of the sources of earning income. Whenever a business is started, it requires investment of certain amount which is called as capital. With this amount of capital the businessman may deal either with trading business or manufacturing business. In a trading business, he will buy goods at a lesser price and sells the same to others at a higher price. In case of manufacturing business, he has to buy raw materials and incur other expenses in the form of wages and salaries, rent, power, insurance, tax, transport, postal and telephone expenses and so on, in the course of production and distribution of goods. In a small sized business the transactions are simple and less in number. But in a large sized business the transactions are numerous. These business transactions enable the businessman to know the result of his business which can be profit or loss for a given period of time. In order to know the result of his business, a businessman has to remember all the transactions of his business. However, owing to lack of memory it is not possible for anybody to remember all the transactions over a period of time. This has given rise to maintenance of a set of accounting books in which business transactions are chronologically recorded. The systematic recording of business transactions enable the businessman to account for every transaction without missing any item. Such a system of maintenance of a set of accounting books to record business transactions is known as book keeping system.…