The Time module of the accounting system will allow the tracking of employees and how much time they spend working. This process will ensure that employees are working when they are supposed to and when they check in and out of the building. Furthermore this module can help in cases of emergencies so that management can determine who is in the building at any given time. Employee pay and takes can be estimated as well as bonus information and other incentives.
The general ledger module is where every corporate transaction is tracked. The general ledger is where the accounting and financial transactions are categorized and organized so that financial reports can be generated for management and other stakeholders. A general ledger consists of accounts that are used to categorize monetary transactions throughout the organization. Income and expenses can be tracked by departments so that budgetary information may be prepared for the future and financial information may be compared monthly quarterly or annually
It Outsourcing
INTRODUCTION Companies are increasingly outsourcing the management of information technology (IT) for reasons that include concern for cost and quality, lagging IT performance, supplier pressure, access to special technical and application skills, and other financial factors. The outsourcing solution is acceptable to large and small firms alike because strategic alliances are now more common and the IT environment is changing rapidly. REASON TO OUTSOURCE Although the mix of factors raising the possibility of outsourcing varies widely from one company to another, there are a series of themes that explain most of the pressures to outsource. First of all, general managers’ concerns about cost and quality drive outsourcing. The same issues such as getting existing services for a reduced price at acceptable quality standard came up repeatedly. Second, failure to meet service standards can force management to find other ways of achieving...