An organization functions with the integration and collaboration of a number of business related operations and activities that are associated with various departments. The transformations and innovations are a common practice in the business activities and organizational departments and accounting is one such field that has witnessed some major and significant transformations over the years. The accounting department in the previous era was based upon manual operations which has now shifted to automated information systems. Accounts related activities are associated with any organization type and therefore it is essential for the organizations to have latest set of practices and services applied in this particular area. Automation has become an integral part of accounting activities and banking is one of the strong examples of the same. There are many companies and agencies in Australia that provide automated accounting services to the customers. The packages along with the applicants of the automate packages have been covered in the report.
There are numerous accounting information systems and their respective providers in Australia. The same can be understood better by studying a case study around the same with a particular organization selected for the purpose. Woolworths Limited is an Australia based retail store that has been picked up for understanding and analyzing the application of accounting information systems.
There are many departments and resources that are associated with Woolworths. The resources have been structured in several levels such as managerial, leadership, operational and likewise. In order to rapidly achieve the goals of the company, it is essential that these resources and departments function together as a single unit (Woolworths, 2017).
The major set of problems that are associated with the organizational structure of Woolworths are in terms of the integration and collaboration. There are many departments and resources that are associated with Woolworths. The resources have been structured in several levels such as managerial, leadership, operational and likewise. In order to rapidly achieve the goals of the company, it is essential that these resources and departments function together as a single unit. The desired level of integration is currently missing from Woolworths which can only be obtained by applying and using accounting information systems (Henderson, 2004).
There are several different methods that may be applied for acquiring the system such as custom software with defined set of requirements or use of commercial software system in the organization. One of the methods for acquiring the system can be deployment of Enterprise Resource Planning (ERP) packages as well (Yang and Tamir, 2015).
In case of Woolworths, all of these options were evaluated and the one that was found to be most applicable was the use and application of ERP package. This method will prove to be very advantageous for Woolworths in terms of integrating the departments and collaboration of all the business services and activities (Mallery, 2011).
Woolworths: Sales Process
The above flow chart showcases the flow of sales operations and activities that run in Woolworths. There are numerous system qualities that are essential in Woolworths in terms of sales associated activities such as performance, availability, reliability and scalability of the services. These sales activities that are associated with Woolworths have further been classified in to different levels (Gulledge, 2002).
Control problems are many in association with the sales activities and operations that are executed in Woolworths. Monitoring of the activities is also a difficult process to complete that causes many of the monitoring problems. There is absence of automated services and activities at Woolworths that is the base for the emergence of a lot many problems and issues around control and monitoring. Inadequate automation demands enhanced review and evaluation processes that are also missing which ultimately lead to the issues around performance and quality of the service.
There are also many resources that work in the organization that lead to the presence of numerous insider attacks. Sales personnel that work in the sales department engage in the fraudulent activities to gain enhanced profits for themselves. Information security is hampered because of the same reason (Mohapatra and Patnaik, 2011).
The transformations and innovations are a common practice in the business activities and organizational departments and accounting is one such field that has witnessed some major and significant transformations over the years. The accounting department in the previous era was based upon manual operations which has now shifted to automated information systems. Accounts related activities are associated with any organization type and therefore it is essential for the organizations to have latest set of practices and services applied in this particular area (Seethamraju, 2012).
Customer expectations have also transformed with the advancements in the field of accounting services and innovations in technology. It has become essential for the developers to therefore come up with the packages and systems that are in-line with the changing expectations. Application of automation is also essential to maintain pace with the current demands. There are several attempts that are being made to ensure that the customer expectations are met and there is no dissatisfaction among them as well (James, 2016).
The transformations and innovations are a common practice in the business activities and organizational departments and accounting is one such field that has witnessed some major and significant transformations over the years. The accounting department in the previous era was based upon manual operations which has now shifted to automated information systems. Accounts related activities are associated with any organization type and therefore it is essential for the organizations to have latest set of practices and services applied in this particular area. The three major areas in the accounts department are auditing, bookkeeping and accounting (Afpbb, 2016). Australia is home to more than 10000 firms that make accounting services available to the users and these firms have a total workforce of over 133,000 employees. The expected revenue in the field is 5.5% in the present financial year (Bankwest, 2015).
The demand for automated accounting systems is huge and therefore a package or a system is necessary to integrate all of the required services and activities in a single unit. Australian banking industry is one of the prime applicants of these packages and therefore many of the service providers have established their foot in the field to cater the needs of the public. One of the fine examples of the same is the MYOB accounting package with the advantages and features as listed below.
The demand for automated accounting systems is huge and therefore a package or a system is necessary to integrate all of the required services and activities in a single unit. Australian banking industry is one of the prime applicants of these packages and therefore many of the service providers have established their foot in the field to cater the needs of the public. One of the fine examples of the same is the Xero accounting package with the advantages and features as listed below.
The demand for automated accounting systems is huge and therefore a package or a system is necessary to integrate all of the required services and activities in a single unit. Australian banking industry is one of the prime applicants of these packages and therefore many of the service providers have established their foot in the field to cater the needs of the public. One of the fine examples of the same is the Intuit QuickBooks accounting package with the advantages and features as listed below.
The demand for automated accounting systems is huge and therefore a package or a system is necessary to integrate all of the required services and activities in a single unit. Australian banking industry is one of the prime applicants of these packages and therefore many of the service providers have established their foot in the field to cater the needs of the public. One of the fine examples of the same is the Reckon accounting package with the advantages and features as listed below.
The demand for automated accounting systems is huge and therefore a package or a system is necessary to integrate all of the required services and activities in a single unit. Australian banking industry is one of the prime applicants of these packages and therefore many of the service providers have established their foot in the field to cater the needs of the public. One of the fine examples of the same is the Saasu accounting package with the advantages and features as listed below.
|
Type of Cost |
MYOB |
Xero |
Intuit QuickBooks |
Reckon |
Saasu |
|
Package Type: Basic Accounting Information System |
$50 is the cost of this package type for a period of 30 days |
$9 is the cost of this package type for a period of 30 days |
$12 is the cost of this package type for a period of 30 days |
$5 is the cost of this package type for a period of 30 days |
$15 is the cost of this package type for a period of 30 days |
|
Package Type – Advanced Accounting Information System |
$99 is the cost of this package type for a period of 30 days |
$70 f is the cost of this package type for a period of 30 days |
$21 is the cost of this package type for a period of 30 days |
It is calculated on the basis of add-ons that are used and applied |
$180 is the cost of this package type for a period of 30 days |
Cost of the accounting software (Advisoryhq, 2015)
Conclusion
Accounts related activities are associated with any organization type and therefore it is essential for the organizations to have latest set of practices and services applied in this particular area. Automation has become an integral part of accounting activities and banking is one of the strong examples of the same. There are several automated accounting software packages that are available to the customers such as MYOB, Xero, Reckon, Saasu and many more. Each of the packages has its own set of features and offerings. There may also be certain challenges that may come up for the users in terms of usage and costs. These challenges can be tackled by careful analysis of the package before purchasing.
References
Advisoryhq.com, (2015) 5 Best Small Business Accounting Software in Australia. [online] AdvisoryHQ. Available at:
https://www.advisoryhq.com/articles/5-best-small-business-accounting-software-in-australia/ [Accessed 24 Apr. 2017].
Afpbb, (2016) The Australian Accounting Industry. [online] Afpbb.net.au. Available at:
https://www.afpbb.net.au/Resources/TheAustralianAccountingIndustry.aspx [Accessed 24 Apr. 2017].
Bankwest, (2015) Accounting Services Industry Report. 1st ed. [ebook] Bankwest. Available at:
https://www.bankwest.com.au/cs/ContentServer%3Fpagename%3DFoundation/CS/Blob/Document%26id%3D1292539844555%26ext%3D.pdf+&cd=3&hl=en&ct=clnk&gl=in [Accessed 24 Apr. 2017].
Carey, M. (2015) Cloud Accounting Overview 2015: MYOB Essentials vs Xero vs Intuit QuickBooks Online vs Reckon One – Digital First. [online] Digital First. Available at:
https://www.digitalfirst.com/2015-overview-cloud-accounting-software/ [Accessed 24 Apr. 2017].
Crowder, C. (2016) [online] Techin.oureverydaylife.com. Available at:
https://techin.oureverydaylife.com/disadvantages-accounting-software-1965.html [Accessed 24 Apr. 2017].
Gulledge, T. (2002). Business process management: public sector implications. Business Process Management Journal, 8(4), pp.364-376.
Henderson, L. (2004). Encoding and decoding communication competencies in project management ? an exploratory study. International Journal of Project Management, 22(6), pp.469-476.
James, D. (2016) 7 accounting packages for Australian small businesses compared: including MYOB, QuickBooks Online, Reckon, Xero. [online] BIT. Available at:
https://www.bit.com.au/Review/344651,7-accounting-packages-for-australian-small-businesses-compared-including-myob-quickbooks-online-reckon-xero.aspx [Accessed 24 Apr. 2017].
Mallery, M. (2011). Project Management Portal (PMP) from the University of Washington Information Technology Wiki –
https://wiki.cac.washington.edu/display/pmportal/Project+Management+Portal. Technical Services Quarterly, 28(3), pp.365-367.
Miller, K. (2016) Xero Review 2016 | Reviews, Ratings, Complaints, Comparisons. [online] Merchant Maverick. Available at:
https://www.merchantmaverick.com/reviews/xero-review/ [Accessed 24 Apr. 2017].
Mohapatra, S. and Patnaik, A. (2011). Sustainability in HRIS implementation through effective project management. International Journal of Project Organisation and Management, 3(1), p.78.
Myob, (2016) Online Accounting Software for Businesses | MYOB. [online] Myob.com. Available at:
https://www.myob.com/au/accounting-software/compare [Accessed 24 Apr. 2017].
Ryan, E. (2016) The Evolution of Accounting Software: Past, Present and Future|. [online] Gaaaccounting.com. Available at:
https://www.gaaaccounting.com/the-evolution-of-accounting-software-past-present-and-future/ [Accessed 24 Apr. 2017].
Seethamraju, R. (2012). Business process management: a missing link in business education. Business Process Management Journal, 18(3), pp.532-547.
Woolworths, (2017). Woolworths Supermarket – Buy Groceries Online. [online] Woolworths Online. Available at:
https://www.woolworths.com.au/ [Accessed 24 Apr. 2017].
Yang, Y. and Tamir, G. (2015). Offshore software project management: mapping project success factors. International Journal of Project Organisation and Management, 7(2), p.111.
Essay Writing Service Features
Our Experience
No matter how complex your assignment is, we can find the right professional for your specific task. Contact Essay is an essay writing company that hires only the smartest minds to help you with your projects. Our expertise allows us to provide students with high-quality academic writing, editing & proofreading services.
Free Features
Free revision policy
$10Free bibliography & reference
$8Free title page
$8Free formatting
$8How Our Essay Writing Service Works
First, you will need to complete an order form. It's not difficult but, in case there is anything you find not to be clear, you may always call us so that we can guide you through it. On the order form, you will need to include some basic information concerning your order: subject, topic, number of pages, etc. We also encourage our clients to upload any relevant information or sources that will help.
Complete the order form
Once we have all the information and instructions that we need, we select the most suitable writer for your assignment. While everything seems to be clear, the writer, who has complete knowledge of the subject, may need clarification from you. It is at that point that you would receive a call or email from us.
Writer’s assignment
As soon as the writer has finished, it will be delivered both to the website and to your email address so that you will not miss it. If your deadline is close at hand, we will place a call to you to make sure that you receive the paper on time.
Completing the order and download