Unit 5 - Assignment 2

Unit 5 - Assignment 2 - software as a point of sale system...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Financial information systems are systems that gather and analyze financial data in order for businesses to make good financial decisions that are in the best interest of the business. The basic principle of these systems are to meet the businesses bills as they come due using the least amount of resources but without putting the business in jeopardy. The types of reports generated are accounting reports, capital budgets, operating budgets, cash flow reports, working capital reports, and several other customizable reports (what-if reports). The best known of these types of systems for small to large business is QuickBooks. QuickBooks will allow the bookstore to track sales and inventory. This product will also let us track specific sales to individual customers so that we can be more personalized to their needs. We will also be able to use this
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: software as a point of sale system and integrates with a web store, this will allow keep up with our inventory at all times from all sales either store or web. The bookstore will also set up in the financial software reports that lets us know what inventory is selling and what we have on hand that does not sell. This will save the bookstore money by allowing us to see what we need to keep in stock the most, which will increase sales by always having on hand what the customers are looking for. References Intuit QuickBooks. (2009). QuickBooks Financial Software. Retrieved March 11, 2009, from http://quickbooks.intuit.com/product/accounting-software/small-business-software.jsp....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online