Accounting is a vital part in any business. Most businesses go under due to poor accounting applications. A well managed business ensures their book keeping is well done. Book keeping can be defined as a systematic way of maintaining records. These records are used for business focus and policy development. The cash invested in a trade should be monitored to ensure the dealing is yielding profits.
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Book keeping is not only used for profit and loss monitoring. Managers use their books to draft strategies for growth. A good and reliable system should be implemented to ensure financial accuracy. Once this is achieved, the report can be used in making equally accurate decisions. In this electronic age there is a number of accounting software available. I have identified two of these Microsoft Dynamics GP and sage MAS 90/ sage MAS 200 and compared them.
Sage MAS 90 and 200 has an assortment of offers as a product. These include accounting, business clever apparatus, and consumer liaison supervision among other benefits. It permits suppleness to suite needs of the trade. The accounting allows for cash flow management. Distribution component permits the business to manage its inventory, while increasing efficiency in its production. This is made possible by use of the order planning and processing. The software also contains a trade intelligence section. This can be used to increase success of the business using tools such as vigilance, imminent reporter and information movement among others.
A customer relation and human resource manager keep track of dealings in the business. Marketing and customer requirements are obtained readily using the sage MAS software. Employees are very important to the business and the software can be used for their management. Time and overall management of the business is also possible with this software. More business can be derived using the electronic Business constituent.
Microsoft Dynamics GP as a software permits handling output and success of people and processes. A flowing and supple management infrastructure allows workers to do their work as they please but with good outputs. The software is user friendly as it incorporates Microsoft Office packages such as Word, Office and Excel. This will give the employees an easy work environment as they can familiarize with the packages.
Microsoft Dynamics GP allows for a vein less business running system as it helps in teamwork and passing of messages. The software enables informed decision making as it shows direction of the business using data. Pre-developed report styles that assist the employees and can be transmitted to the relevant recipients anywhere. This tool allows one to use a recognizable design to scrutinize and make trade presentation and ensure conformity. The software permits consistency of frequent tasks so they can take place more every time and dependably. This liberates the people to center their attention on other significant tasks. (CTS Guides, 2009)
Owing to the size and nature of our business, I would recommend the Microsoft Dynamics GP software. The reason is in its operation simplicity and compatibility with other Microsoft Office Packages. The organization will have better focus on the core business of manufacturing and increase in profits. Both provide help in accounting but differ on the user friendliness. The Microsoft Dynamics GP software permits generation of reports in a format that can be used to share information with stakeholders.
This gives the employees easier time passing information to end users. It also uses everyday Microsoft Packages hence will be inexpensive to implement. The software can be used always even as the business grows unlike the sage MAS that needs changing of product.
CTS Guides. (2009). Excerpt from the Sage MAS 90/200 Review. Web.