Kudler Accounting System

In: Business and Management

Submitted By sonizohni
Words 663
Pages 3
Kudler Accounting System
BSA/10
May 24, 2014
Sharon Foreman, PhD.

Kudler Accounting System
Kudler Fine Foods has hired a consulting firm to assist in them with their selection and installation of a comprehensive Retail Enterprise Management System. Smith Systems Consulting had been selected for the contract. The analysis from Smith system recommended a scalable, modular Retail Management System was purchased, installed and determined to be a superior fit for Kudlers’ retail stores.
Key Features “The key benefit of enterprise system is data integration. Integration enables the sharing or exchange of data” (Turban, Volonino, & Sipior, 2011, Chapter 10). They key feature that will come with Retail Enterprise Management System are general ledger module; accounts payable module; point of sales module; bank reconciliation module; asset management and accounting; and security. These modules provides account charts, detail transaction which can be itemizes down into specific categories. Financial reporting is extremely important; these reports are needed balance sheets, income statement, and cash flow, tread analysis. Kudler Fine Foods would even have the option to pull a store comparison report. Determine each department budget, along with sales, inventory which are listed as non-financial accounts. When it comes to purchasing large amounts of specific food items internationally, that would require penalty of paperwork and meeting the requirements. Through retail enterprise management system, the accounts payable module addresses the concerns with international purchases; thus this saves time.
Core Technology
Retail enterprise management system would provide certain security features. Password protection is extremely important today, within a business and even in a home environment. One feature of the security would be setting dollar limits,…...

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