Automated Process of Accounting Information Systems Essay

Automated Process of Accounting Information Systems - Essay Example The parts of development for payroll are with the time clocks and reporting of the statements to accounting and human resources. A worker must clock in to an electric time clock that will send the information to server that creates a time card report on every worker. Finally of the pay time, management signs off on every workers time and prints statements into pay checks signed by the treasurer. The accounts payable method runs quite easily with the exemption of cash on delivery dealings. Like accounts payable, accounts receivable is uncomplicated. Most dealings happen by point of sale, meaning when a consumer takes goods from the store, it is paid for by credit card or cash straight away. Occasionally, with approval from management, a consumer can charge the goods to an in store account. When this occurs, the industry sends invoice to the client. Later, the industry deposits the cash in the bank. The inventory method poses the largest cost to the industry. Additionally, when inventory is too small and unavailable, it reasons the industry sales. To combat this difficulty, the industry should execute a small and too high stock alert method. This will assist the industry to meet successor 95% stock level goal. The recommended changes, for instance using electronic system that tracks inventory and implementing industry specific software, account receivables and payables would give a reliable, secure and useful way to track natural resources from the point of replenishment, to the post of the finished goods, and at last through invoicing management. The alteration would put the industry incomes, expenses, and returns in one electronic platform accessed by the administration of Kudler industry. â€Å"Kudler needs to define the marketing problem and the opportunity for increased customer satisfaction. At this time the problem seems to be related to gathering research and information to expand their current service offerings into areas such