Kudler Fine Foods Essay

My team and I would Like to present you with new accounting system. We feel that Judder could benefit from a newer redesigned accounting system. Being In control of your balances is the most important part of any business. With managing three stores there can be a lot of transactions to keep account of. Three stores with three very different transactions every day, these transactions can consist of incoming sales, store outside purchases, inventory, payroll, etc.

To keep three different stores in constant order without going over budget can be tough. With this new account system you will be able to keep all the sales together for the three stores, same with the store outside purchases, and all Inventory purchases separate per store yet In order so you can understand how much you have ordered upon what you are selling. One of the new key features in the system will track all incoming sales in one place for all three stores. The system will hold each stores day to day sales and by how they were processed; cash, credit card, debit card.

The system will track all sales and separate them in each store by each way processed. We feel that having a system that tracks each sale and how it was processed will be make the company understand how to manage money smarter. We are not saying that you don’t know how to manage money but by seeing how it’s coming in will help you to understand where you can put more out, to bring even more in. Another part of this system will show all your outside purchases. Outside purchases we don’t pay a lot of attention to.

When a small company much like yours is in need of a small outside purchase there are times where we don’t remember where the cash has gone at the end of the day. The new system will allow you to right then and there add the purchase Into the system and It will log It by that store and how much cash was used to do this purchase. Now knowing exactly what’s coming in and what little cash is going out can help you budget for the bigger investments into your company. With every company there are two really big purchases you are going to do by the week or two weeks.

The biggest expense that we see with your company Is inventory. Of course Inventory Is a much needed must. Without Inventory you arena going to be able to attract any customers, no customers means no money. Judder has three different locations all of which have customers with different needs. As a start of a small company you order big bulks so you can provide to a wide variety of consumers, now that you’ve been around long enough to see what’s selling and what’s not we can help you to understand that even more.

We can go over past and present Inventory lists and see which stores are moving what volumes of product. We want to help eliminate any unnecessary overspending to help maximize your company’s income. Secondary to your inventory purchases the next largest expense is going to be our employees. With three stores and plenty employees to keep track of seeing how much you are paying each employee may actually be the biggest expense.

You don’t want to over or under pay any one of your employees but you want them to be happy this new system you will be able to see all three stores with the employee names and exactly how much they are working and how many hours that they have worked. Over paying employees is can be a costly expense to any business, you don’t want to pay an employee for time that they weren’t on the clock. Tracking three stores can seem overwhelming especially for one person, so this part of our service may be the most beneficial. Employees come and go unfortunately, keeping them happy is key.

For some employees the correct pay is key for them staying with your company. Judder is a great fine food store and we want to keep your company growing and expanding. Now understanding the key features and benefits of the new system we would like for you to implement into your company we can talk about the costs. It is definitely ironic that wanting to understand and control your finances you need to Penn more money but we promise that with using our accounting services we can make your company more money in the long run.

As a company we need to look in the long run of things not Just the here and now. The upfront costs are going to be the worst of things. We are going to need to upgrade and change the point of sales, hardware, and internet systems in all three stores. Once we are up and running in the stores there will be a low cost at keeping it running at optimum performance. We will run, update and secure all three stores and be there for the IT help you need in your account systems.