Consulting Presentation
Transcript: There is a need for sweet tooth to switch to an automated accounting system. An automated system can increase efficiency, provide better internal controls, allow for inventory tracking, and provide John with accurate data to base his business decisions on. With an automated system in place John can see exactly how his business is doing and where it’s losing money. He will also be able to make the decisions needed to turn Sweet Tooth into the profitable business he had hoped. Strategic Plan Internal controls: 1. Inventory control 2. Checks 3. Digital copies 4. Safety box 5. Safe 6. Mobile banking 7. Petty cash fund 8. Logging Sally’s payroll information Summary Continued NEXT STOP PROFITABILITY !!! The End We will work with Corner Candy Store to help achieve the following goals: Become profitable Buy the current building they are renting Open up a second store to reward Sally Corner Candy Store Summary Sweet Tooth is a Corner Candy store owned by John Davis. Sweet Tooth is a reseller of candy. They purchase their candy from vendors and then put it out for purchase to their customers. In addition to John, his wife Jenny and one employee Sally work at the store. John and Jenny’s dream is to purchase the building they are currently renting. They also wish to open a second location where Sally can be part owner. Unfortunately Sweet Tooth is currently not profitable. For John and Jenny to fulfill their dream they need to turn Sweet Tooth into a profitable business. John is unsure why his business is not profitable. They currently use a manual accounting system and do not have inventory tracking. SWEET TOOTH PRESENTATION BY: SAM, TROY, & DAN Inventory Reports What is selling and what products are not Purchase Reports Take advantage of discounts, track vendor returns, and vendor price history Sales Reports Compare sales numbers to different periods and see sales trends Expense Reports Track expenses, comparison to prior periods, and help determine budget Financial Statements Income Statement and Balance sheet analysis Determine Net Income and see trends 1. Sales 2. Purchasing 3. Human Resource Management 4. Financing 5. Fixed Asset Management Costs and Benefits of AIS Planning and Investigation Analysis Design Implementation, Follow-up, and Maintenance Cost Benefit Analysis Costs include the computer itself, barcode scanner, add-ons to the main software, software/hardware updates, licensing, accountant’s salary, continuous net loss, and training. Benefits include keeping track of all information and making sure that John, Jenny, and Sally are all on the same page. Accounting Information Systems Internal Control Improvements Accounting Information Systems have many advantages that would be useful to Sweet Tooth Two systems that would fit Sweet Tooth's needs: QuickBooks Zoho books Features include: Point of Sale systems Inventory tracking Monitoring, tracking, and paying vendors Payroll Ability to generate useful reports System Development Life Style Five Key Outputs to make Decisions Business Processes Affected