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Feasibility Report ( Accounting Information System ) - Essay Example

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The company has three stores in Newcastle, Wagga Wagga and Wollongong. Each of the centres is individually managed and the company lacks a clear integration in the…
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Feasibility Report ( Accounting Information System )

o help provide the company with better integrated working and also to meet the needs which include, a) Improved stock taking process, b) Improved customer relationship management, c) Inclusion of Pay Roll software for better calculation of wages and electronic payment to the staff, and d) Inclusion of sales forecast software to help in forecasting the sales easily and effectively.
Based on the research two products have been shortlisted which show potential for SkiZone. These include, NetSuite SaaS and QuickBooks Enterprise Solutions 10. 0. A thorough analysis of the features of the two solutions along with relative merits and demerits indicate the effectiveness of using these systems at SkiZone. These solutions are also financially analysed using investment appraisal methods and the cost benefits are identified. It is identified that Quick Books results in higher returns to the company and also increases the value of the company by a significant amount. The cost benefit analysis indicates that the Quick Books Enterprise is the optimum solution for SkiZone covering all the requirements.
Stock management and good book keeping play a very important role in every business. It is essential that businesses keep a clear record of all their finances as well as maintain their stocks effectively (Gelinas & Dull, 2009). Keeping a clear track of all aspects of the business will allow the businesses to have better control on the finances and will also allows the company to benefit from other costs like opportunity costs, stock holding overheads and also any possible risk of wastages (Romney & Steinbart, 2008). This report aims at analysing the current position of Ski Zone and investigating the current deficiencies of the systems used as well as recommending alternative solutions to the company in order to develop better stock management systems. The financial aspects of the alternative option have also been included to gain a better overview of the cost – benefit analysis ... Read More
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