Kudler Fine Foods Accounting System
Kudler Accounting System Paper
Darrell L. Jones
BSA/310
February 8, 2014 Sharon Foreman, PHD
Kudler Accounting System Paper
Introduction
This paper is designed to show and describe the importance of a new accounting system that is desperately needed by Kudler Fine Foods. The company is continuing to grow in revenue, but the accounting system is not able to keep up with the growth of the company. Due to the growth of the company Kudler management should consider integrating a more effective accounting system which would stay in pace with the growing business. It is imperative that the accounting system be connected into every entity of the business integrating it with all the informations systems that the company is currently …show more content…
utilizing. The accounting system will be beneficial to Kudler Fine Foods and will keep the company financially secure by tracking its assets.
Main Body Accelerating and streamlining activities such as allocation, cash flow analysis, budget creation, accounts receivable and payable, accountability of capital, and accounting software will drastically increase productivity of finance members and staff while improving financial performance and strategic company planning (Accounting Software Key Features, 2013). Based upon accpuntware.com in order to be successful there are six steps to follow when selecting accounting software:
1. Define the challenge
2. Choose a consultant
3. Involve the right people
4. Choose a software vendor
5. Evaluate application performance
6. Implement the system (How to choose an Accounting System, 2005)
Some of the new core technology that will be offered in the new system is more detailed reporting and data auditing that will also prove to be much faster.
It is essential run on almost any to keep itemized data entries as accurate as possible to prevent errors. The recommendation based on the needs and continuous growth of Kudler Fine Foods will be Microsoft Dynamics GP, which will give them the most benefit as an accounting system. Some of the key features are increased visibility, financials, and insight throughout the company’s decision making, and keeping the business running effectively. Based on the core technology it will be able to run on almost any type of computer to include laptops or desktop. Some benefits like reliability is very important to the company, long term value that be a constant over the years to come. Pricing will be economical and affordable based on Microsoft …show more content…
valu-pak.
Advantages The advantage of Kudler Fine Foods having a newer updated accounting information system will allow them to have a cutting edge over their competitors and allow the company to better manage their business.
Finances is what keeps a company stabilized for growth, if the money is in a deficit the company can only go down losing the ability to grow. The accounting system once integrated with all of the systems within Kudler will allow for data to become centralized and provide managers or other decision makers with analyzed reports that are timely and accurate. The goal to keeping the reports accurate is based upon how the information is being input, if it is input correctly the output will always balance out. This is because the system is built with sample master records, control files, and the ability to perform processes on a test basis. Another goal of the accounting system for Kudler is to provide information that is meaningful, relevant, useful, and
current.
Conclusion
Kudler Fine Foods is in need of an accounting system that will keep pace with its growth. The current system is too slow and not accurate enough for the demands associated with maintain good company records. A new accounting system has been recommended that is much faster and user friendly that will be able to monitor the company’s financial information, employees information, and to store the information securely. The new system will also be more beneficial due to its ability to provide accurate and detailed reports.
References
Kudler Fine Food Virtual Organizational. (2014). Retrieved from http://www.acme-articles.com/article/Small_Business/Kudler_Fine _Food_Virtual_ Organization/88120
Decius, D. (1999). Fast facts for kudler fine foods. Retrieved from http://www.ehow.com/facts_7420251_fast-kudler-fine-foods.html
Darrell L. Jones
BSA/310
February 8, 2014 Sharon Foreman, PHD
Kudler Accounting System Paper
Introduction
This paper is designed to show and describe the importance of a new accounting system that is desperately needed by Kudler Fine Foods. The company is continuing to grow in revenue, but the accounting system is not able to keep up with the growth of the company. Due to the growth of the company Kudler management should consider integrating a more effective accounting system which would stay in pace with the growing business. It is imperative that the accounting system be connected into every entity of the business integrating it with all the informations systems that the company is currently …show more content…
utilizing. The accounting system will be beneficial to Kudler Fine Foods and will keep the company financially secure by tracking its assets.
Main Body Accelerating and streamlining activities such as allocation, cash flow analysis, budget creation, accounts receivable and payable, accountability of capital, and accounting software will drastically increase productivity of finance members and staff while improving financial performance and strategic company planning (Accounting Software Key Features, 2013). Based upon accpuntware.com in order to be successful there are six steps to follow when selecting accounting software:
1. Define the challenge
2. Choose a consultant
3. Involve the right people
4. Choose a software vendor
5. Evaluate application performance
6. Implement the system (How to choose an Accounting System, 2005)
Some of the new core technology that will be offered in the new system is more detailed reporting and data auditing that will also prove to be much faster.
It is essential run on almost any to keep itemized data entries as accurate as possible to prevent errors. The recommendation based on the needs and continuous growth of Kudler Fine Foods will be Microsoft Dynamics GP, which will give them the most benefit as an accounting system. Some of the key features are increased visibility, financials, and insight throughout the company’s decision making, and keeping the business running effectively. Based on the core technology it will be able to run on almost any type of computer to include laptops or desktop. Some benefits like reliability is very important to the company, long term value that be a constant over the years to come. Pricing will be economical and affordable based on Microsoft …show more content…
valu-pak.
Advantages The advantage of Kudler Fine Foods having a newer updated accounting information system will allow them to have a cutting edge over their competitors and allow the company to better manage their business.
Finances is what keeps a company stabilized for growth, if the money is in a deficit the company can only go down losing the ability to grow. The accounting system once integrated with all of the systems within Kudler will allow for data to become centralized and provide managers or other decision makers with analyzed reports that are timely and accurate. The goal to keeping the reports accurate is based upon how the information is being input, if it is input correctly the output will always balance out. This is because the system is built with sample master records, control files, and the ability to perform processes on a test basis. Another goal of the accounting system for Kudler is to provide information that is meaningful, relevant, useful, and
current.
Conclusion
Kudler Fine Foods is in need of an accounting system that will keep pace with its growth. The current system is too slow and not accurate enough for the demands associated with maintain good company records. A new accounting system has been recommended that is much faster and user friendly that will be able to monitor the company’s financial information, employees information, and to store the information securely. The new system will also be more beneficial due to its ability to provide accurate and detailed reports.
References
Kudler Fine Food Virtual Organizational. (2014). Retrieved from http://www.acme-articles.com/article/Small_Business/Kudler_Fine _Food_Virtual_ Organization/88120
Decius, D. (1999). Fast facts for kudler fine foods. Retrieved from http://www.ehow.com/facts_7420251_fast-kudler-fine-foods.html