1. The current organizational structure
2. What operational problems (e.g., inefficiency, errors) do you think the organisation could experience because of this structure
3. What is the most likely system acquisition method— commercial software, custom software, or ERP
4. Describes and prepare a system flowchart of the sales procedures for the chosen organisation (company)
5. Identify any control problems in the system and what sorts of fraud are possible in this system.
1. Development and adoption of the accounting software packages,
2. The current market size,
3. Identify the leaders in the market and what gives them the competitive advantage,
4. Identify the current gaps or challenges encountered by users or customers of accounting software/packages and make relevant suggestions or recommendations.
Introduction to QuickBooks Accounting Software Package
The organization was chosen which provides the best Accounting Software Package is QuickBooks which is mainly handling the development of the Australian system. The company has been able to address the small and the medium-sized business with the offering of the on-premise accounting applications as well as the management of the different versions of the cloud systems. (Schiff et al., 2014). The company is also able to accept the different payments of the business with the easy management of the bills and the payment as well. QuickBook can work on the small business owners who are including the financial management in efficientive manner. The functioning is based on the versions where Intuit is important. The software has been important for the business owners who do not pursue with any accounting training standards. With this, there is also a vast majority of the system standards where there is no functioning of the double entry accounting package. There has been a different codebase for the Intuit which is required. (Kelly, 2017).
The operational problems are related to the system file failure as well as the installation which leads to the inefficiency of the system. With this, one needs to focus on the process runs with the system designing and the uninstallation set for the older version. The performance issues, as well as the lost connection to the data file, is considered to be one of the issues of the network connections. (Lyons, 2015). With this, there is a connection of the diagnostic tools which needs to be determined with the proper setup of the hardware. One cannot quickly locate the data file where Quickbooks are not able to locate the data file on the server easily. With this, the attempts are also made with the forms where there are issues related to the problem of copying or moving the data file. The setup is based on handling the valuable skills so that any user can process it in an easy manner. (Abd et al., 2015).
The ERP method has been used by Quickbooks which can handle the methods of the inventory and the payroll as well. There has been a match to the complexity along with handling the different services which are set with the products along with managing the end-to-end solutions. The customized processes with ERP could easily be able to manage the solutions of the intuitive and the integrated forms of the environment. (Etnyre et al., 2015). It comes with the inventory management and the advancement in the technology of pricing as well. There are standard options which are set for the cloud hosting along with holding the field services that will lead to the Electronic Data Exchange. ERP is also able to provide the best information on the different types of the decisions, and through this, it is also easy to handle the accounting functions in an effective manner. (Ueno et al., 2016).
Operational Problems of QuickBooks Accounting Software Package
The ERP systems are based on the current environment, where there are changes related to the handling of the online publication lists. Through this, the QuickBooks are also able to include the different transactions along with handling the different forms of the reporting capabilities. The major advantage of ERP in the system is the adaptability and the integration which helps the system to meet the requirements of the user as per the size, with the connections that have been mainly to handle the integration as well as to connect the employees from the different departments as well.
The sales procedure for Quick Book is in the form where there is a processing of the orders with the credit return, dropping and the sales order. There are changes in the types to drop ship and handle the credit returns and issues. (Ueno et al., 2016).Some matters are automatically created with the packing and the shipping of the items. The standards are set where the company tends to form the lists of the management, with the proper banking functions. The work is mainly to track the changes and check the issues which are related to the effectiveness of the customer depositors. The patterns and the liability are based on holding the reports in the effective manner, where the sales by the customer come when there is a risk revenue factor. The modifications are set to handle the changes in the total amount with the information of the sales as well as the other forms which are related to improving the system of the customer relation.
The problem of the controlling comes with different thefts and the frauds which mainly include the controls that are embezzling the funds of the company. With this, there are frauds of the transaction data where the most trusted employees tend to leak the information or change the information of the customer. (Illias et al., 2015). The changing of the transaction data and not including them in the reports is a fraud which can easily be detected in some time. The determination is through the closed patterns that are set to understand the transactions which need to be transformed or modified.
The entire control is to work on the activities with the changing forms of the auditing trial. This will help in the easy handling of the procedures as well as QuickBooks will also be able to detect the frauds and its issues in the system. The creation, modification and the deletion are three services which can lead to the duplicity of the payments. Hence, the management is important for the employees to work on the QuickBooks with the use of the internal control that is mainly to handle the deposits of the cash as well. (Ueno et al., 2016).There are factors which are related to the use of the strong internal controls as well as the other forms of the cash depositing system.
System Acquisition Method - ERP
For the system to effectively handling the accounts, IBM started with the accounting packages with the intention to help the companies to ignore the problems of the theft, and they will be able to enter the information with easy output for the same as well. The companies, thereby, have even started to use it for the investment with the development of the better accounting system.
The effectiveness is based on the designing as well as handling the quality with the advancement that leads to improved forms of the functionality in the system. For the feasible approaches, SAP has been able to work on the different business forms as well as the accounting methods of the Peachtree are considered to be helpful for improving the system financial positions. (Qucikbooks et al., 2013). The processes are mainly related to the accounting packages with the allowing of the data to go in a way and come out of the other way. The systems also have the entry points that can work on the different technologies like the cloud computing with the view of the business system interface. The forms are including the ability to audit the operations easily and effectively. The enterprise systems can easily meet the demands with the offering of the best technologies with the end users and increased data volumes that promote accountability as well.
The processes are based on the packages of the software system where there is a setup of the higher levels. The Xero forms are mainly to cover the accounting setup with the software company to work on the conducts that involve approximately 1600 people who have been involved with the adoptions as well as the software accounting manner. The companies are also working on the integrated inventory management software with the warehouse management in an effective manner, where the plan is to handle the inventory control analysis as well as work on the standards of the premium technical support for the setup and then training the webinars with the videos and the other resources. (Ueno et al., 2016). To work on the system development, Xero and QuickBooks have been the leaders in the market as they have been able to cover the different forms of the accounting methods as well as working on the inputs with the reports that are mainly for the efficiency and effectiveness of the adoption factors. The growing standards are set to meet the development process with the higher transactions of the business as well.
Sales Procedures of QuickBooks Accounting Software Package
The standards for the competition are mainly to handle the Accounting software with the focus on working with the large and the medium sized business patterns. The focus is also on handling the competition of the market which includes the forms where Xero, MYOB, Intuit are important for the industry as they can provide the best form of the cloud computing system. (Drew, 2015). With this, there is also a proper use of the API system for the party vendors which is effective to manage and integrate the applications. The capability is based on handling the operations as well as working on the different forms of the transformation that will lead to the cost effectiveness as well.
The structure is based on handling and organizing the forms as per the functionality needs, expectations as well as the varied budgets. The forms are set with the different functionality which includes the accounting solutions as well as the designing to mainly simplify the business accounting and work on the capacity to work for the five users. The solution also allows the proper creation of the management with the custom created invoice that will be able to bring a change in the automated form for the online banking. The software also offers the access from the office and the multi-device for the document sharing process. With this, there is a syncing that will lead to the real-time view of the reports as well as the accounts.
The gaps and the challenges are related to the setup where the companies also face the different challenges based on the system collection, processing and handling the departments which relate to the tools of the accounting. For this, one needs to handle the accounting software of the system which does not coincide with the annual accounts as well. The forms are set with the errors and the inconsistency. (Drew, 2015). Hence, for this, there is a need to make use of the system which is for the handling of the data redundancy which is considered as a major source of challenge to the company too.
The security is important for the system improvement along with working on the standards with the major concern to handle the analysis with the firewalls along with the security of the non-authorised access to the different foreign parties. The risks will be evaluated based on the information assets along with handling the cyber crimes that are for the forms related to cloud computing. The challenge is mainly to handle the cloud computing software and uses the SaaS model which will help in improving the system technologies and the efficiency of the system.
Through this, there are also measures which are based on the cloud providers with the form to work on the information-centric security as much as possible. There are standards to take hold of the Trusted Computing Network along with the framework that will lead to the information-centric security forms. (Lyons, 2015). The prediction is based on the processes as well as the forms of the computing that will lead to effectively run the system through the use of the cipher texts. The best process to save the data is mainly through the use of the encryption passwords which will not allow the user to use the system through any unauthorized means. Along with this, there is also a major assurance for the system security with the information standards that are kept to be personalized.
Schiff, A. and Szendi, J., 2014. Helping small business entrepreneurs avoid critical mistakes in QuickBooks accounting software. The Entrepreneurial Executive, 19, p.169.
Kelly, M., 2017. Best Business Accounting: Quickbooks–51 Reasons Why.
Abd Ghadas, Z.A., Wan Ismail, W.N., Abd Aziz, A., Harun, N.A., Jusop, M. and Abd Rahman, C.A., 2015. LAFAMS: Account Management System for Malaysian Small Legal Firms. Pertanika Journal of Social Sciences & Humanities, 23.
Kelly, M., 2017. Intuit Quickbooks GoPayment Reviews: App vs Square.
Lyons, S.M., 2015. Using Accounting Software for Food Hubs: Processing Traceable Orders.
Etnyre, V. and Lehmann, C., 2015. Use of Software and Collaboration Tools to Integrate AIS and MIS Curricula. AIS Educator Journal, 10(1), pp.43-67.
Ueno, S. and Scarbrough, D.P., 2016. Japanese Management Accounting: An Overview of Current Methods and Practices.
Ilias, A., Suki, N.B.M., Yasoa, M.R. and Razak, M.Z.A., 2015. The End-user Computing Satisfaction (EUCS) on Computerized Accounting System (CAS): How They Perceived?. The Journal of Internet Banking and Commerce, 2008.
QuickBooks, I. and Premiere, C., 2013. Accounting Software Supported: Accounting Software Version MISys Manufacturing Version. Sage, 6, pp.0-7.
Drew, J., 2015. Accounting Firms Moving Slowly Toward Cloud. Journal of Accountancy, 219(3), p.44.
To export a reference to this article please select a referencing stye below:
My Assignment Help. (2021). QuickBooks Essay Covers Org Structure, Operational Problems, System Acquisition, Sales Procedures, Control Problems, And Frauds.. Retrieved from https://myassignmenthelp.com/free-samples/hi5019-strategic-information-systems/best-accounting-software.html.
"QuickBooks Essay Covers Org Structure, Operational Problems, System Acquisition, Sales Procedures, Control Problems, And Frauds.." My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/hi5019-strategic-information-systems/best-accounting-software.html.
My Assignment Help (2021) QuickBooks Essay Covers Org Structure, Operational Problems, System Acquisition, Sales Procedures, Control Problems, And Frauds. [Online]. Available from: https://myassignmenthelp.com/free-samples/hi5019-strategic-information-systems/best-accounting-software.html
[Accessed 09 December 2023].
My Assignment Help. 'QuickBooks Essay Covers Org Structure, Operational Problems, System Acquisition, Sales Procedures, Control Problems, And Frauds.' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/hi5019-strategic-information-systems/best-accounting-software.html> accessed 09 December 2023.
My Assignment Help. QuickBooks Essay Covers Org Structure, Operational Problems, System Acquisition, Sales Procedures, Control Problems, And Frauds. [Internet]. My Assignment Help. 2021 [cited 09 December 2023]. Available from: https://myassignmenthelp.com/free-samples/hi5019-strategic-information-systems/best-accounting-software.html.