1.3 Explain the purpose of recording and storing information researched Storing information is essential for many reasons; these include ease of access and readability, the level of detail you are able to store, the choice to have various copies of the information in case of loss and ease of transfer.…
1.3 Storing information is essential for many reasons; these include ease of access and readability, the level of detail you are able to store, the choice to have various copies of the information in case of loss and ease of transfer.…
Recommendation: Sy should implement an information technology system so documents can be recorded in a timely manner and not lost in the mail.…
Two methods and their benefits of storing records The organisation has to store many types of data. Like employee’s documents, legal documents, payroll documents etc. There are different methods to store the data. The most common…
Most of information that is maintained within the system is vital employee information such as personal information (name, address, birth date), current pay rate, tax exemptions and time-off/vacation status. When this information needs to be routinely updated submissions are made in writing to the employee 's department manager and are then input into the system by the payroll clerk. At the moment, there is no central filing system for employee records as they are currently kept by department managers who are also responsible for…
To record all the business activities they use a manual system which consist lots of disadvantages. Current manual system required great amount of paperwork. It can cause for errors and also it decreases the company’s productivity.…
+0)26-4 Accounting Theory NEED FOR ACCOUNTING Business is one of the sources of earning income. Whenever a business is started, it requires investment of certain amount which is called as capital. With this amount of capital the businessman may deal either with trading business or manufacturing business. In a trading business, he will buy goods at a lesser price and sells the same to others at a higher price. In case of manufacturing business, he has to buy raw materials and incur other expenses in the form of wages and salaries, rent, power, insurance, tax, transport, postal and telephone expenses and so on, in the course of production and distribution of goods. In a small sized business the transactions are simple and less in number. But in a large sized business the transactions are numerous. These business transactions enable the businessman to know the result of his business which can be profit or loss for a given period of time. In order to know the result of his business, a businessman has to remember all the transactions of his business. However, owing to lack of memory it is not possible for anybody to remember all the transactions over a period of time. This has given rise to maintenance of a set of accounting books in which business transactions are chronologically recorded. The systematic recording of business transactions enable the businessman to account for every transaction without missing any item. Such a system of maintenance of a set of accounting books to record business transactions is known as book keeping system.…
How can a company use information technology to make its company financial plans? Information technology offers a great depth of knowledge to many companies when making financial plans. Information system helps businesses to gather and share information which is vital in financial planning of any kind of business enterprise, for instance customer’s preferences, and business environment. That’s why is recommendable to have in depth knowledge of your business so as to make of the right kind system that will improve your business, without being a burden to the entire organization. One of the major applications of IT and computers in business is keeping and managing financial records. Majority of large and smaller companies have installed programs in their computers that are capable of keeping, sharing and maintaining their employee’s records in large database, for instance a workers clocks in at Exxon Mobile facility in Baton Rouge, and his time is transmitted to the payroll at the headquarters in West Virginia The IT plays a big role as the information is disseminated from different subsidiary to the corporate headquarters and can be used to plan on how much resource, wages and salaries to plan for each an individual subsidiary. Similar programs and databases are used in such business planning such as supply chain, by tracking when goods were shipped out, to the expected arrival date of the goods to the end users. The same programs can also track down the payments made and when is supposed to be received. In fact, it has become a formality in the 21st century as many companies transform themselves to the new era of technology advancements; in order to remain competitive and be able to carry on business smoothly they need computers and information technology. This transformation has been seen in many businesses be either small or large, where they have replaced what a used to be a cash register with a point-of-sale (POS) terminals, for instance at Chick-A-Fil. These…
Introduction My role is working within the Human Resources Department . Within the modern world of business there is an ever-increasing need for organisations to be more efficient. The current systems we use at present to maintain seafarers certification are that of paper format kept in cabinets around the office, this has resulted in the office being cramped and not working as efficiently as it could. I feel that paper documents are anything but fast and effective. Whilst keeping paper data may sound like the right answer to store personnel data in reality for some information it simply cannot be done. Information will continue to be lost, misplaced, wrongly filed or damaged.…
Keeping an up to date and accurate record of all transactions for a small business is very important. Small businesses need to have a system in place for all record keeping for many reasons.…
To the User It provides the user to have a systematic and make the records organize. It also make them easy in keeping the record and information.…
3.0 RESEARCH DESIGN AND METHODOLOGY 3.1 RESEARCH DESIGN The researcher used survey metod to carry out research at her stated station of study and as a result of this the reseaecher 's aim was to know how filing has contributed to some of the information centres more so libraries.…
Hence, computer applications in terms of business, society and homes have become more prevalent in our daily lives. Software applications are predominantly used mostly by corporate firms and even in aiding tutorials in schools and record keepings. Silver (1989), stated that “information and paperwork are the most abundant products generated by modern business. Processing this mountain of information occupies the working hours of hundreds of thousands of office workers, computer operators, clerks and managers.” Accordingly, keeping records is crucial for the successful management of a business and even several institutions. It usually gets our time in searching for the records in a pile of records. In spite of this, with the modernization of technologies, Record Management needs be to improve.…
Organizations of all sizes have some dependence on Excel and manual reports for record keeping. Record keeping with the help of software has helped the companies to manage the record in the much more efficient manner and has also helped in decision making.…
B. Objectives of the study To show how they keep system files of their business in a good and presentable way.…