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Detection of Fake Accounts by Employees

   

Added on  2019-10-31

11 Pages2307 Words49 Views
Finance
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QUICKBOOKSReport[DATE][COMPANY NAME][Company address]
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Contents1.Part 1:..................................................................................................................................2Organisational Structure.........................................................................................................2Operational Problems.............................................................................................................2Acquisition Methods..............................................................................................................2Flow Chart and the sales procedure.......................................................................................3Controlling fraud....................................................................................................................42.Part 2:..................................................................................................................................4Development and Adoption...................................................................................................4Market Size............................................................................................................................5Leaders & Competitive Advantage........................................................................................5Current gaps and Challenges..................................................................................................6Recommendations..................................................................................................................6Conclusion..............................................................................................................................73.Reference............................................................................................................................8
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1.PART 1:Organisational StructureThe accounting corporation chosen to handle the accounting software packages is theQuickBooks, which consists the proper setup of large and medium sized businessorganization. The operations of the process are certain forms that work on diverse cloud-based versions where, also an easy acceptance of payments, management and payments forthe various functions of the payroll system of the bills are available (Kelly, 2017). Inaddition, there is also a function working for double entry package. Thos particular functionworks on the handling of the security control as well as works with various forms traditionalaccounting standards.Operational ProblemsThere is some incompetency in the system with specific error responsible for the dismantled functioning along with the uninstallation of diverse versions of the system. In addition, there is also a major impact on the system performance leading to the data file connection failure (Blount et al., 2016). Moreover, it is not easy locating files that lead to the various forms, on the basis of data section copying and moving.Acquisition MethodsThe implantation of the ERP system into the QuickBooks is mainly for the use of theprogression and effective working on the implementation of software. In addition, there arecertain chances for working on the ERP solution needs with the business needs recognition ofthe same. While considering the upgradation of the companies from the QuickBooks, thecompanies can be listed by the online publication (Singh, 2016). List of numbers ofimportant things that are considerable at the time of upgradation of QuickBooks in the onlinepublication, with the everyday transaction process with end user numbers, along with the
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reporting of the capabilities, data volume and accountability are there. Integration andadaptability with the enterprise system for easy scale and meeting the requirements of theuser are one of the major advantages of the ERP.Flow Chart and the sales procedureAn easy setup of sales procedures is there in the ERP, where the employee payrollcentres, payments of the employees, time entering are present along with the patterns of theliability. This will also be helpful for handling the vendors’ details that is inclusive of thereceiving the all inventory measures, order purchasing, entering of the bills basically againstthe process of inventory along with the entering and bills payments. The sales tax
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