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Riordan Manufacturing Accounting Systems, Part Ii

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RiordanManufacturingAccounting Systems, Part II

Business Systems I/BSA 500
November 19, 2012
LiseHautzinger

Riordan Manufacturing Accounting Systems, Part II Comprehensive accounting systems and practices assist companies in monitoring cash flow expenses and investments as well as identify new sources of income. Riordan Manufacturing’s current accounting system lacks consistency across multiple locations and basic accounting modules. Each location has a closed system and dos not incorporate other department systems such as Marketing and Sales, Production, and Operations. Streamlining each accounting system to include the basic accounting modules and incorporating other company systems will help to ensure …show more content…

Microsoft produces a program that can meet the needs of Riordan Manufacturing. Solomon Great Plains program is the recommendation for Riordan Manufacturing. The functions needed by Riordan Manufacturing and pricing makes this the logical choice for accounting software. This program will allow all divisions to report back to the central point, therefore providing instance reports. One must find a compatible program that works well with the system currently in place. Riordan Manufacturing requires certain systems to create an effective and efficient accounting system. Systems such as sales, accounting, financing and human resources need to have access to the accounting system (Apollo Group, Inc., 2012). Point of sale and cash register systems must continuously, during business hours, be connected to the accounting system. Reason being, sales are tracked and verified instantaneously. Inventory must also be considered within the accounting system to make certain that all inventory levels are monitored and replenish without user input. Monetary needs for inventory replenishing is tracked within the accounting software system. Billable hours must be tracked for cost purposes to make certain

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