Activity 1-Accounting Software Requirement PAX HOTEL wants to upgrade their existing accounting system which will manage the company accounts more efficiently in the long run. They request that the new system you recommend to them to be compliant with all legislative and statutory requirements for small to medium businesses. None of Pax Hotel’s products are … Continue reading “Accounting Software Requirement | My Assignment Tutor”
Activity 1-Accounting Software Requirement PAX HOTEL wants to upgrade their existing accounting system which will manage the company accounts more efficiently in the long run. They request that the new system you recommend to them to be compliant with all legislative and statutory requirements for small to medium businesses. None of Pax Hotel’s products are GST free however the accounting information system records the GST collected as well as the input tax credits earned on the purchases of stock and assets. These amounts are reported and paid in accordance with the business activity statement (BAS) schedule determined by the Australian Tax Office. They have 100 fulltime and 50 part-time staff, but only 10 of the staff will need access to the financial system. The staff with access to the financial system wants software that is a single purchase with no ongoing licensefees, and a plan to keep using if for the next 3–5 years, while the organization continues to grow. PAX HOTEL has upgraded their computers and have five new desktop PCs which will be used by the finance staff. They are current (for 2013) specification machines with i5 CPUs and 4Gb RAM each, and all have Windows 7 Professional and Norton’s 360 installed with the professional version of Microsoft Office Small Business as well. Other staff will use their machines at various times, so it is important that the software requires a login to access data and that data stored by the software cannot be accessed in any other way. John Smith has asked you to review the current accounting software and submit a quote for a new accounting software. Using the information provided in the scenario you are to research all the different options of accounting software that are available on the market. You will need to prepare a report for submission. This report must contain a minimum of three (3) different options. Each of the 3 options must have both advantages and disadvantages and your overall summary of the software. Then in your report’s conclusion you will identify which software program you believe is the best option to purchase and implement at Pax hotel that meets the criteria stated in the above scenario. Write your recommendations to John Smith and state the reasons for your decision. Submit your quotes/report to your assessor. Report needs to be a minimum of 500 words -Use font style Times New Roman size 12. Use the space provided below to complete this assessment Student Declaration: I declare that this is my own work, and it has not been copied from any person or source. I am also aware of my appeal rights.Name:________________________ Signature:________________________ Date: ____/_____/_____ Assessor Use Only CommentsResult (Please Circle)SatisfactoryNot SatisfactoryAssessor: I declare that I have conducted a fair, valid, reliable and flexible assessment with this student, and I have provided appropriate feedbackAssessor: ____________________________ Signature: ____________________________ Date: ____/_____/_____
