research a technical computer or accounting or business magazine for their most current list of the best accounting software programs. describe and compare their four programs for their features, advantages and disadvantages and cost which one would you use if you were starting a small retail store and why
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D6.
research a technical computer or accounting or business magazine for their most current list of the best accounting software programs. describe and compare their four programs for their features, advantages and disadvantages and cost which one would you use if you were starting a small retail store and why
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- The following conversation took place between Durable Construction Co.'s bookkeeper, Kyle Byers, and the accounting supervisor, Sarah Nelson: Sarah: Kyle, I'm thinking about bringing in a new computerized accounting system to replace our manual system. I guess this means that you will need to learn how to do computerized accounting. Kyle: What does computerized accounting mean? Sarah: I'm not sure, but you'll need to prepare for this new way of doing business. Kyle: I'm not so sure we need a computerized system. I've been looking at some of the sample reports from the software vendor. It looks to me as if the computer will not add much to what we are already doing. Sarah: What do you mean? Kyle: Well, look at these reports. This Sales by Customer Report looks like our revenue journal, and the Deposit Detail Report looks like our cash receipts journal. Granted, the computer types them, so they look much neater than my special journals, but I don't see that we're gaining much from this…After completing your first degree in accounting you have been employed by XYZ Company as an account officer. The Management of the company has tasked you to implement a computerized accounting system.RequiredIn a paragraph each, address the following questions:a) Discuss five benefits associated with the implementation of the computerizedaccounting system within the company.b) Giventhattherearesomanyaccountingpackagesonthemarket,whatshouldyoube looking for when selecting a computerized accounting package for the company?Explain any five factors to considerc) Assuming you procure a Sales Ledger package, what kind of reports should weexpect? List five types of reports expected to be generated.d) Explainthedifferencebetweenastand-alonepackageandanintegratedpackage?Explain two advantaged and two disadvantages of an integrated packagee) Before a new accounting package can be deployed, it needs to be configured. What does it mean to configure an accounting package? Explain the processes…1. A clerk in the sales department receives a hard-copy customer order by mail and manually prepares four hard copies of a sales order. This is a typical event in the Group of answer choices b. Expenditure cycle d. Costing cycle a. Revenue cycle c. Conversion cycle 2. Which of these is not a true statement relating to manual and electronic accounting systems? Group of answer choices a. Large businesses integrate their accounting software with their overall computerised information system. b. The accounting principles underlying manual and electronic systems are fundamentally different. c. Computerised systems normally provide more reports, providing greater information to users, than manual systems. d. Most entities today use computerised accounting systems. 3. All of the following are advantages of using subsidiary ledgers, except Group of answer choices a. they make possible a division of labour b. they show all the transactions affecting customers and creditors.…
- Computerized accounting systems help businesses efficiently record and utilize financial information. QuickBooks is a popular software package for small businesses. Explore the QuickBooks website at https://quickbooks.intuit.com/. Select one of the QuickBooks plans, and discuss some of the capabilities of the software. Taking the perspective of a small business owner, explain how this software might help the business.After completing your first degree in accounting you have been employed by XYZ Company as an account officer. The Management of the company has tasked you to implement a computerized accounting system Explain the difference between a stand-alone package and an integrated package? Explain two advantaged and two disadvantages of an integrated package e) Before a new accounting package can be deployed, it needs to be configured. What does it mean to configure an accounting package? Explain the processes involved in the configuration of an accounting package.Which option is better for small business owners, computerized or manual accounting system? Why? Support your answer with proper citations.
- Consider the use of Integrated Accounting, as a computerized accounting system. Write a discussion post in which you respond to the following prompts: Under what circumstances would it be in a business’s best interest to invest in and use a computerized accounting system? Are there circumstances in which it would make sense to use a manual system? Explain your answer.Hello! Please help me answer the question and activity costs. they are both in bold. Thank you!! :) Selecting Chart of Accounts The company’s accounting intern is new and has confused the Finn Corporation’s regular chart of accounts with the proposed chart of accounts for the lean accounting system. Review the charts of accounts on the Chart of Accounts I and Chart of Accounts II, and then answer the following question. Which chart of accounts should Finn Corporation most likely implement if they want to use lean accounting principles? (chart of accounts I, chart of accounts II, both will work equally well) Question Content Area Cost of Quality Report This year, Finn Corporation implemented programs designed to assess the costs of quality for the company. However, the company recently suffered a data loss, and some of its records have been either partially or completely erased. The accounting intern for Finn Corporation has located a copy of a recent cost of quality…Understanding components of a computerized accounting information system Ned Timmons, engineer, is considering using a computerized accounting system for his professional engineering business. Ned has asked that you help him understand the components of a computerized accounting information system by answering the following questions: Requirements 1. What are the two basic components of a computerized accounting information system? 2. Provide examples of each component. 3. If Ned were interested in an entry-level software system, what software might you recommend?
- Before making decisions to invest in a computer-based accounting information system, cite at least 3 factors that should be considered first by the managers and owners of business enterprises.Describe the advantages of using accounting software in modern businesses.Answer the question correctly. Thank you. What do you believe to be the primary advantage that human accountants have over many accounting software programs that are in use today? Please answer in 2 paragraphs. Do not be redundant in answering.
