Submitted by: Submitted by pattycuz
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Category: Business and Industry
Date Submitted: 04/10/2011 03:57 PM
Kudler Memo - Learning Team A
Introduction
Kudler Fine Foods is an upscale food and wine market with three Southern California locations. Their accounting information system (AIS) needs are similar to any small/medium business where the company requires the ability to track easily payroll, accounts payable, accounts receivable and inventory processes.
Discussion
Because Kudler already uses Intuit to handle their payroll, we recommend they use QuickBooks, an Intuit product, to manage their accounting needs. Creating and developing custom software is expensive and time-consuming on both the front-end for development, as well as after implementation, until all of the “kinks” are worked out. As the company grows and expands, further analysis will be needed of their AIS to determine where improvements can be made on their tracking and information needs. Continued growth by Kudler will require consideration of creating a 5-year plan for upgrading from QuickBooks to a customized accounting information systems software package.
AIS software organizes the three most fundamental business processes sales, purchasing and inventory. By streamlining this information process, Kudler Fine Foods can better anticipate potential inventory shortages as well as items that are sales-stagnant. Source documents for sales would be sales orders, sales invoices, remittance advices, shipping advices and customer checks. The primary output for the sales process are reports that reflect how the company is managing cash flow from sales as well as collections from receivables and payments to vendors.
Source documents for the purchasing process include purchase orders, purchase requisitions, and receiving reports. The primary output of the purchasing process is payment to the vendors (Bagranoff, Simkin & Strand Norman, 2008). The source documents are the initial step in creating the pattern of flow of operations as reflected in the flowcharts (Appendix A).
QuickBooks is a...