Accounting Software Example - 1303 Words

Table of Contents OBJECTIVES 3 BUSINESS INTRODUCTION 3 ACCOUNTING SOFTWARE 3 ADVANTAGES 4 COMMUNICATION 4 FINANCIAL MANAGEMENT 4 SALES MANAGEMENT 5 INVENTORY CONTROL (IC) 5 HUMAN RESOURCES (HR) 5 DISADVANATGES 5 ANALYSIS OF DATA 6 SUMMARY 6 Bibliography 7 OBJECTIVES In this assignment I will review the accounting software appropriate to the outlined hypothetical company. On the one hand, I will consider advantages and disadvantages of the software which are relevant to the proper management of the company. On the other hand I will demonstrate the relevant connection of the accounting software to the financial management of the company. BUSINESS INTRODUCTION Emfibia Limited is a medium size manufacturing†¦show more content†¦Sales management is connected with purchasing management and inventory control to provide better analysis of the data. The software supports controls of purchasing materials, orders, goods receipt and payment. INVENTORY CONTROL (IC) The inventory control in Emfibia Limited is another important area. The company has to have organised importation by having large numbers of inventory. Therefore, the company can start losing the capital. This is why they require appropriate analysis with stock valuation and the movement of the goods. Sage ERP X3 runs on similar principles to manual ones, but this software is more flexible and it is possible to receive the information in real time. Inventory Control is closely connected with the manufacturing management. The software uses Kanban method of Just-in-Time production. The information can be grouped by cost centres, price lists. The important tool is to forecast the future cost. When the company will prepare new production in six months time, the software can analyze the actual cost of the production. HUMAN RESOURCES (HR) When company has 240 employees it needs an efficient HR Management. Emfibia Limited provides a variety of salaries, contracts and benefits for the employees. Sage has all the important covered with applications necessary for Personnel Management, Benefit Management, Payroll Management, Employee Self Service, Health and Safety, WorkforceShow MoreRelatedWhat Is In I.T. (Information Technology) For Me? Enrolled1084 Words   |  5 Pagesmajor in accounting and a recent interest in a minor in information systems; my career plans are working with some of the systems accountants are using today. Which, consequently, could place my career in either an I.T. department for an accounting firm or I could be a private accountant. The I.T. I plan on covering in accounting is software, and the different categories and types of accounting software that accountants work on. Andy Walton, in his article â€Å"The Importance of Accounting Software† definesRead MoreEssay on Accounting Software1234 Words   |  5 Pageshuman history. 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