Understanding the business’s financial information capabilities and weaknesses is critical to selecting the appropriate accounting software solution. Accounting software system seem very important that because not only to have information at fingertips, but also to have more accurate information. The right accounting software can help organizational grows and also provide the efficiency of control and manage the organization’s financial information. When the companies choose one accounting software system, the company should know the challenges that company would expect from using that accounting software system.
Here, this research will focus on the stages of choosing the accounting software for one SME company which is here IT Services Sdn Bhd. At the end of this research, you will find out why this respective company chooses MYOB as accounting software solution.
In selecting the best accounting software system, organization will faced various alternatives software in the market, because of that it can be the one critical business decision organization face. The objective this paper is to examine what are the criteria of choosing accounting software system for SME. SME here is one services provider known IT Services Sdn Bhd. This stage involved with decision making by Finance Department which is Chief Finance Officer, Accountant and Senior Account Executive. This paper will use Analytical Hierarchy Process to determine the important criteria and sub-criteria collected from interview session with respective respondent in choosing accounting software.
The main research question here is to study what are the criteria of choosing the accounting software for one SME company; and the second research question is to study how this accounting software selected meet organization’s objective.
LITERATURE REVIEW
Accounting systems are responsible for analyzing and monitoring the financial condition of companies, preparation of documents necessary
References: 1. Cheng, E.W.L. And Li, H.,(2001)“Information Priority-Setting for Better Resource Allocation Using Analytic Hierarchy Process (AHP)”. Information Management and Computer Security, (2), PP 61-70. 2. Sonmez, M., (2006) “A Review and Critique of Supplier Selection Processes and Practices” Business Scholl Occasional Papers Series, Paper 2006:1. 3. T.L. Saaty.(1990) “How to Make a Decision: The Analytic Hierarchy Process”, European Journal of Operational Research, vol. 48(1): pp. 9–26. 4. Varma,S., Wadhwa,S,. and S.G. Deshmukh,S.,G. (2008) “Evaluating petroleum supply chain performance: Application of analytical hierarchy process to balanced scorecard” Asia Pacific Journal of Marketing and Logistics. Vol. 20( 3): pp. 343-356. 5. Chan F.T.S (2002). “Design of Material Handling Equipment Selection System: an Integration of Expert System with Analytic Hierarchy Process Approach”. Integration Manufacturing System, Vol 13(1):58-68. 6. Vargas, L.G. and Forman, E.H (1995). “The Analytical Hierarchy Process: A New Paradigm”, New Orleans, LA. 7. ACCPAC International, Inc.(2005). How to Choose an Accounting System. Pleasanton, CA. 8. Wilson, E. J. (1994) The relative importance of supplier selection criteria: A review and update. International Journal of Purchasing and Materials Management, Vol 30(3): p. 35. 9. Pearson, J. M. and Ellram, L. M. (1995) “Supplier selection and evaluation in small versus large electronics firms”. Journal of Small Business Management, Vol 33(4): p. 53-65. 10. Ariff,H , Salit,M.S, Ismail,N. and Nukman,Y.(2008) “Use of Analytical Hierarchy Process (AHP) for Selecting the Best Design Concept”. Jurnal Teknologi : p. 1 -18 11 12. Ismail, N,.A. and Mat Zin,.R. (2009) “Usage of Accounting Information among Malaysian Bumiputra Small and Medium Non-Manufacturing Firms”. Journal of Enterprise Resource Planning Studies, pp.1-7 13