Preview

Kudler Fine Foods

Satisfactory Essays
Open Document
Open Document
889 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Kudler Fine Foods
Kudler Fine Foods, My team and I would like to present you with new accounting system. We feel that Kudler could benefit from a newer redesigned accounting system. Being in control of your finances is the most important part of any business. With managing three stores there can be a lot of transactions to keep account of. Three stores with three very different transactions every day, these transactions can consist of incoming sales, store outside purchases, inventory, payroll, etc. To keep three different stores in constant order without going over budget can be tough. With this new account system you will be able to keep all the sales together for the three stores, same with the store outside purchases, and all inventory purchases separate per store yet in order so you can understand how much you have ordered upon what you are selling. One of the new key features in the system will track all incoming sales in one place for all three stores. The system will hold each stores day to day sales and by how they were processed; cash, credit card, debit card. The system will track all sales and separate them in each store by each way processed. We feel that having a system that tracks each sale and how it was processed will be make the company understand how to manage money smarter. We are not saying that you don’t know how to manage money but by seeing how it’s coming in will help you to understand where you can put more out, to bring even more in. Another part of this system will show all your outside purchases. Outside purchases we don’t pay a lot of attention to. When a small company much like yours is in need of a small outside purchase there are times where we don’t remember where the cash has gone at the end of the day. The new system will allow you to right then and there add the purchase into the system and it will log it by that store and how much cash was used to do this purchase. Now knowing exactly what’s coming in and what little cash is going out can

You May Also Find These Documents Helpful

  • Good Essays

    | This Point of Sale System must be used by the Inventory Receivables Department, the Cashiers, Accounting Dept, and the Management…

    • 912 Words
    • 4 Pages
    Good Essays
  • Good Essays

    ➢ Information Technology Department: The Company’s IT representatives must be concerned with the development requirements as they will help in ascertaining the feasibility of the system requirements.…

    • 726 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Kudler Fine Foods has reached a point in their growth that they need to enhance the systems they are currently using for processing their financial information. It is necessary for Kudler to make some decisions on these upgrades. The recommended automation, enhancement, and maintenance schedules supported by flowcharts show the data flow for each of the four accounting upgrades for payroll, accounts payable, accounts receivable, and inventory are included within the brief. The accounting operations of Kudler Fine Foods will be enhanced by the addition of the new software to their existing system.…

    • 699 Words
    • 3 Pages
    Good Essays
  • Better Essays

    KUDLER FINE FOODS

    • 3315 Words
    • 14 Pages

    Kudler Fine Foods is in the process of developing a customer loyalty program, and a related system to give rewards to their customers. We have been given the task of assisting the development team in creating mechanisms that facilitate information security…

    • 3315 Words
    • 14 Pages
    Better Essays
  • Satisfactory Essays

    Kudler's Fine Foods

    • 415 Words
    • 2 Pages

    What website engine is compatible around the world, without the violating any codes of ethics, it is important to monitor all sales with integrity and make sure no China laws aren’t broken concerning the Google search engine?…

    • 415 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Fingle A Bagel

    • 597 Words
    • 2 Pages

    2) Keeping track of cash, sales revenue and expenses on a daily basis definitely reduces the load at the end of the month and reduces the chances of making errors. Such an accounting system can also help in sticking to a budget as well as help making sure that the budget is accurate. By doing this we are actually training ourselves to be more observant and getting into the habit of remembering details and little awareness and organization will surely lead to less frauds in the company as everything will be under a watch.…

    • 597 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Describe how the system might affect financial management, investor relations, and market perceptions among shareholders.…

    • 844 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Unit 2 P2-M2

    • 324 Words
    • 2 Pages

    | |take cash in from sales, also how to stock take (calculating the current |record how much money it takes in each time a purchase is made. This is vital|…

    • 324 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Information systems are believed to be essential in Walmart’s growth throughout the year. It’s inventory and distribution system is considered to be world leaders. Walmart had invested over 600 million in information systems over one 5-year period. Some of Walmart’s information systems include a point-of-sale system, which allows Walmart to identify what it has sold, it’s inventory, analyzing sales, what items are selling slowly, etc. Walmart also uses telecommunications to better communicate with its sellers and as a result, they have less inventory area in…

    • 541 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Pos of Our Kitchen

    • 1068 Words
    • 5 Pages

    The similarity of the our kitchen point of sale from the purchasing, inventory and sales monitoring system for hobby station is that they are both designed to fasten transactions and be a way of improvement for each company.…

    • 1068 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Tally

    • 3476 Words
    • 14 Pages

    • Powerful remote capabilities that boost collaboration • Easy to find qualified personnel • Easy to customize • Low cost of ownership via quick implementation, Tally Integrator, Support Centre… Functions & Features: Accounting All your accounting requirements are supported and more. Accounting, also known as bookkeeping, is the recording and classifying of financial transactions into the books of accounts and associated registers. Let us look at the some of the 'needs' for which businesses maintain books of accounts: • To fulfill legal requirements - records as per standards and practices • To pay taxes to various bodies - statutory needs • Keep the business running - manage receivables & payable, cash, bank... • Keep a watch on the pulse of the organization - key performance indicators • Respond to queries - to locate the right transaction immediately…

    • 3476 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Billing System

    • 356 Words
    • 2 Pages

    Use our accounting software to manage your business and keep it on the right track sales computation by using a billing system. Once you understand and compute your business's performance, you can set goals, take actions, and evaluate results.…

    • 356 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    internet cafe system

    • 1065 Words
    • 5 Pages

    The basic task of our software is to provide operators and customers with an accurate timing and billing information at any time. CafeSuite keeps customer accounts, so that customers can log in on their own using username and password, printed account ticket with a timecode or even a magnetic card. It is possible to set any pricing you might imagine including periodic discounts on specific days or times, traffic and group discounts, time bonuses or points system. The software keeps inventory of products and services and supports POS devices such as receipt printers. Other important features include reservations, print control, remote screen and instant recovery of disk partitions. The software generates various statistics, which give detailed information about business performance. All transactions and actions are recorded into a database and can be viewed through multiple reports.…

    • 1065 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Review of Related Studies

    • 726 Words
    • 3 Pages

    The new system is slated to help the Revenue Department save transaction cost per unit, and reduce administration process at all levels. More importantly, the Local Administrations can be confident of receiving the money faster, resulting in them being able to plan their expenditure more efficiently.…

    • 726 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Monitoring System is a means (electronic) of keeping an eye on how many sales a company is making, and how much profit is being earning. It also tells you trends in which stock is moving fastest, and may be linked in to an ordering system. Sales Monitoring System was proposed in replacement of the manual process of business transaction of EAL Food and Grill. This system will improve and provide the security and accuracy in handling goods sold as well as monitoring the inventory items by just entering data required and the system would handle the calculation. It will enable easy accessing and retrieving of required information rather than pursuing paper files.…

    • 1297 Words
    • 6 Pages
    Good Essays