General Ledger Accounting Package

Running head: GENERAL LEDGER ACCOUNTING PACKAGE
GENERAL LEDGER ACCOUNTING PACKAGE
Name of the Student:
Name of the University:
Author Note

1GENERAL LEDGER ACCOUNTING PACKAGE
Table of Contents
Introduction............................................................................................................................ 2
Discussion.............................................................................................................................. 2
NetSuit............................................................................................................................... 2
Comparison of NetSuit.......................................................................................................2
Justification for selecting NetSuit........................................................................................3
Cost of NetSuit................................................................................................................... 4
Technical requirement........................................................................................................4
Training strategy.................................................................................................................5
Ease of installation of NetSuit.............................................................................................5
Frequency of updates.........................................................................................................6
Report flexibility..................................................................................................................6
Conclusion............................................................................................................................. 6
References............................................................................................................................. 7
Appendix................................................................................................................................ 8

2GENERAL LEDGER ACCOUNTING PACKAGE
Introduction
This report “GENERAL LEDGER ACCOUNTING PACKAGE” is prepared to
recommend the suitable general leger accounting package. This report provide the proposal
of the accounting system to the Burwood Health accounting system. Here, this report
recommends the NetSuite Accounting System to the Burwood Health. To prepare the
proposal, this report analyse the comparison of the NetSuit with the SAP ERP. Further, this
report provide the justification of the selecting the NetSuit and then analyse the cost of the
package along with their technical requirement. This report also provide the training strategy
to the Burwood Health. This report also discuss the features of the selected general ledger
accounting package. This analysis provides the ease of the installation of the package along
with the flexibility of the system in the initial setup. This also states and analyse the
frequency of updates from the subsystems like cash receipts, payroll and invoices and same
likes. This also analyse the report flexibilities of the system that is ease of design the report.
Lastly, the reports provides the samples of the financial position and performance report
generated form the NetSuit software. The main objective behind this report is to recommend
the best available accounting system to the Burwood Health along with the full analysis of
the recommend system with the cost of the system.
Discussion
NetSuit
This is a business management software best for the enterprise resource planning
and the customer relationship management function. This is a horizontal package designed
for the extensive range of industry. This system of finance helps the company in the sales,
service process and the back office function reporting and analysis (Netsuite 2019). This
includes the implication of the financial account reporting, financial accounting, financial
analysis, payment management, billing management, inventory management and supply
chain management. This is a web based accounting system and runs on the internet
browser. The financial information of the NetSuite can be assessed though the web browser
even with the mobile device.
Comparison of NetSuit
There are sever accounting system available in the current market like the DENALI
Business, Sage Intacct, Deskera ERP, SAP ERP, Multiview, Sage Fixed Assets, NetSuit and
the AccuFund Accounting Suit and like. Here, this recommends the NetSuit to the Burwood
Health for the general ledger accounting package (Snellman 2017). To justify the selection of
the NetSuit, this report performs the compression of the NetSuit with the largest accepted
accounting software SAP ERP.

3GENERAL LEDGER ACCOUNTING PACKAGE
The above compression chart shows the difference between the performance and
the function between the NetSuite and the SAP ERP along with the average performance of
the all other system available in the market. As per the above graph, the NetSuite is little
behind the SAP ERP but this the performance of the NetSuit is good compare to the average
of the other accounting system available in the market. This comparison consider the various
aspect of the performance like financial, Human resource and alike. This chart that the
NetSuit is better in the performance of the financial, human resource manufacturing, quality
and the product technology from the average performance of the all other accounting system
(Arachchi, Chong and Madhushani 2015). The rest where the software in legging behind the
average performance of the system, like manufacturing and other is not applicable for our
firm. Hence, this comparison shows that the performance of the NetSuite is better than the
other financial system.
Justification for selecting NetSuit
The following point, mentioned below provides the justification for selecting the
NetSuit to recommend the Burwood Health:-
 It is a wide integrated business software system. This maintains the proper balance
of product depth and application breath.
 This have a digital flexible dashboard that is very impressive.
 This provides the application and security based on the requirements of the firm. This
software provides a differentiated structure from the ERP system.