Accounting Information Systems for Metcash: Features, Functionalities, and Comparison of MYOB and Xero

Accounting
information systems

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
I. The background of the company selected................................................................................3
II. The Features and functionalities of the software that the company should consider.............4
III. Comparison between the two-accounting software present in the market............................6
IV. Recommendation of the Software client can go for..............................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Internal users utilise an accounting information system (AIS) to gather, store, and process
financial and accounting data to present information to investors, creditors, and tax authorities.
It's a computer-based approach for tracking accounting operations using information technology
(Kumar, and et.al., 2020). An AIS blends conventional accounting procedures with current
information technology resources, such as the usage of Generally Accepted Accounting
Principles (GAAP). Various aspects crucial to the accounting cycle are contained in an
accounting information system. Although the information contained in a system varies by
industry and company size, a typical AIS contains data on income, costs, customers, employees,
and taxes. Sales orders and analysis reports, purchase requisitions, invoices, check registers,
inventory, payroll, ledger, and trial balance are examples of specific data. The following report is
based on the company Metcash. The company deals in the wholesaling and distribution of
groceries, liquor and hardware products. The report talks how the above-mentioned business can
use the different accounting software and integrate their operations for efficiency effectiveness.
MAIN BODY
I. The background of the company selected
Metcash Limited is a publicly traded local corporation that makes money by wholesaling and
distributing food, booze, and hardware. Metcash Ltd. is a fast-moving consumer products
wholesale distribution firm that specialises in groceries, liquor, hardware, and other fast-moving
consumer goods. Food and Grocery, Liquor Activities, and Hardware and Automotive are the
three segments in which the corporation works. The delivery of dry food, perishable, and general
goods supplies to retail outlets is included in the Food & Grocery section. The distribution of
alcoholic goods to retail outlets and hotels is included in the Liquor activities sector. The
distribution of hardware supplies as well as automotive parts and accessories to retail outlets is
included in the Hardware and Automotive section (Gomes, 2018). Joe David created Metcash in
1927, and the company is based in Sydney, Australia." The firm, which has a head office in
Macquarie Park, New South Wales, employs around 6,370 full-time equivalent individuals and
operates in Australia, New Zealand, and China. Metcash thinks that having a viable,
independent, family-owned company sector is critical for Australia. Independent merchants
contribute to the well-being of their communities. Metcash assists businesses in becoming the