Enterprise Wide Accounting Information System

1309 WordsOct 13, 20146 Pages
To: Director, ABC Construction Company From: David Jones Date: 14th October 2014 Subject: Enterprise Wide Accounting Information System An Accounting Information System (AIS) is a system that collects, records, stores, and processes data to produce information for decision makers. (Hoggett J., 2012) Accounting software began with programs written to automate common, repetitive bookkeeping transactions for businesses but now over the time it have become increasingly sophisticated and customized for specific industries especially for construction companies. (Bagranoff, 2008) Enterprise-wide software is incredibly powerful, complex, and is capable of collecting a wide variety of data to support business decisions. It is the core of business information systems. Accounting Information System increases the financial performance, productivity, efficiency, synchronize workflow and also improves forecasting & decision making. (Bhattacharya, 2008) Accounting software for Construction Company is as important as to any other company from any other industry. With all the data from operations being stored and processed in the system with real time reporting helps to examine how the business is performing and operating its constructional sites and operations. Reports can be gained with accurate information in real time. All Construction companies have a huge amount of money being out flowed and resources being utilized in their operations, may it be from the purchase of land and heavy

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