Computer Information System Brief
Computer Information System Brief
Kudler Fine Foods is a specialty food store located in the metropolitan area of San Diego California. Kathy Kudler founded the operation and by organizing a business plan and finance needs she was able to open the first store. Within the first six months, the store broke even and ended the year with a profit. Two more stores have opened since, and the company continues to remain bring in a profit. Kudler Fine Foods is looking to further expand the business and has asked Regal CPA’s to evaluate the company’s accounting operations. After evaluation of the systems and policies Regal CPA's will advise Kudler's on how to integrate the computer systems to meet business needs.
Key Business and Accounting Information Needs
Kudler’s initial business plan included funds in excess of $50,000 to install a Retail Enterprise Management System. Kathy Kudler contracted Smith Consulting to help analyze the business needs and select an appropriate REMS. Smith Consulting has been contracted yearly to maintain the system for Kudler Fine Foods. The REMS was chosen to help integrate Kudler’s point of sale system with the accounting modules including, general ledger, accounts payable, bank reconciliation, asset management and accounting, and security.
Strengths and Weaknesses
Kudler’s currently runs using a point of sale system, which reports all sales in detail sending information to the general ledger, electronic payment clearing house, and purchasing function. Each sale is transmitted into the general ledger automatically recording debits and credits, calculating the cost of goods sold, calculating FIFO inventory levels, and net profit. The POS system sends automatic transmission for credit sales to the financial institution. With each sale the POS system also adjusts inventory on hand, records discounted purchases, and tracks ordering. Having these systems integrated eliminates potential posting errors. The Entrepreneur (2014) website states
Kudler Fine Foods is a specialty food store located in the metropolitan area of San Diego California. Kathy Kudler founded the operation and by organizing a business plan and finance needs she was able to open the first store. Within the first six months, the store broke even and ended the year with a profit. Two more stores have opened since, and the company continues to remain bring in a profit. Kudler Fine Foods is looking to further expand the business and has asked Regal CPA’s to evaluate the company’s accounting operations. After evaluation of the systems and policies Regal CPA's will advise Kudler's on how to integrate the computer systems to meet business needs.
Key Business and Accounting Information Needs
Kudler’s initial business plan included funds in excess of $50,000 to install a Retail Enterprise Management System. Kathy Kudler contracted Smith Consulting to help analyze the business needs and select an appropriate REMS. Smith Consulting has been contracted yearly to maintain the system for Kudler Fine Foods. The REMS was chosen to help integrate Kudler’s point of sale system with the accounting modules including, general ledger, accounts payable, bank reconciliation, asset management and accounting, and security.
Strengths and Weaknesses
Kudler’s currently runs using a point of sale system, which reports all sales in detail sending information to the general ledger, electronic payment clearing house, and purchasing function. Each sale is transmitted into the general ledger automatically recording debits and credits, calculating the cost of goods sold, calculating FIFO inventory levels, and net profit. The POS system sends automatic transmission for credit sales to the financial institution. With each sale the POS system also adjusts inventory on hand, records discounted purchases, and tracks ordering. Having these systems integrated eliminates potential posting errors. The Entrepreneur (2014) website states