ERP and its Impact on Accounting Practices

This assignment examines the evolving role of accounting in light of technological advancements, particularly focusing on Enterprise Resource Planning (ERP) systems. It analyzes how ERP systems influence traditional accounting methods and discusses their integration with contemporary accounting software like Xero, MYOB, and SaaS. The paper also investigates the advantages offered by ERP solutions, including enhanced operational efficiency, improved cost control, and reduced resource wastage. Finally, it considers the impact of NAB's adoption of ERP on its accounting practices.

Report

Summary
The report focuses on the handling of the ERP systems for the NAB (National Bank of Australia)
which focus on highlighting about the different types of the accounting systems. With this, it
includes the forms where the company also works on handling the current accounting patterns
and the systems which includes the ERP software solutions. They are including the different
MYOB, Xero and the Saasu software which are important and work towards the development of
the marketing shares. The recommendations are based on the solutions for NAB as well.

Contents
Summary..........................................................................................................................................1
Introduction......................................................................................................................................2
Part A...............................................................................................................................................2
The structure for the organization................................................................................................2
Issues related to the operations....................................................................................................2
Acquisitions framework with ERP..............................................................................................3
Diagram for the sales procedure..................................................................................................4
Issues and the customer for customer..........................................................................................5
Part B...............................................................................................................................................5
Accounting Software...................................................................................................................5
Market Size of Accounting Software..........................................................................................6
Leaders and Competitive Advantage...........................................................................................6
Limitations for AIS......................................................................................................................7
Recommendations of ERP...............................................................................................................8
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

Introduction
The software is based on working over the standards where the different types of the applications
and the software is able to handle the records of the different accounting data. (NAB,2017).
Along with this, there are transactions which are based on providing the records and handling the
record payment transactions. This includes the framework that is related to how the different
companies work towards the development with the use of the software in the different
organizations.
Part A
The structure for the organization
The standards, in this, are based on providing the better banking services where NAB focusing
on how to handle the banking services for Australia. With tis, the organization is also working
over the maintenance of the different 5 million customers where NAB is the brand branch that
provides the services to the different customers. It is based on the brands and marking of how the
NAB is able to provide the better services with the commercialized development. The bank
works on the traditional system accounting which is considered to be effective with the cost and
then it does not lead to any of the clear views as well. (Kosalge & Ritz, 2015). The paperwork
includes the system which is considered to be not very appreciable and working on handling the
loss of the data.
Issues related to the operations
For working on the different standards, it is important to work on handling the issues of NAB
and how the bank is able to measure the patterns which relates to the banking services. The

accounting standards are related to the tasks where there is a proper manual setup of the brands.
The system then works on the creation of the error with the accounting systems that tends to
handle the account balancing. (Zhang et al., 2017). There is certain wrong entry in the systems
which mainly takes place due to the traditional method that has been set for the accounting.
Hence to meet the requirements it is also important to work towards the development of the work
and maintaining the goals of the system. Here, NAB, is defined to handle the customer reports
and the accounting to balance the figures along with the check of how to handle the loss of the
customers who are connected to the bank.
Acquisitions framework with ERP
The standards are set to meet the proper planning of the resources and then work towards the
development and easy management of the resources. This will include the removal of the
different accounting errors with the focus on working over the system management. The
management is able to decide and work towards the Xero application accounting software. This
includes how the system is able to manage with the different technology of the cloud based
software and work towards the development and the management of the services. The check is
on how to handle the advancement of the technology with the accounting figures which are
based on defining and handling the data which is important to work towards the better storage of
the system. (Khaneja, 2015). There are modules that include the local hard drive of the system
with handling the data loss as well.

Diagram for the sales procedure
The sales procedure is based on handling the requests with properly handling the requests for the
acquisitions. With this, there is a need to check on the handling of the requisitions with noticing
about the fetching of materials and the handling the purchasers. (Hingorani et al., 2015). The
requests are based on evaluating the notice plans and then working towards the development of
the company. The flow of the work is based on how the system is able to handle the different
software features which includes the banking and the flow of the entry to the banks. It relates
mainly to handle the processes with the forms that include how Xero is able to work towards the
balancing of the system software. Along with this, there are different features which are based
towards the development and handling the banking services as well.

Issues and the customer for customer
For the proper evaluation of the system, it is important to focus on how Xero will be able to
handle and work towards the proper development of the framework of the web based software.
Hence, for this, the check is on the ability and the measuring of the capabilities related to the
system privacy levels. The standards need to be linked with the software connections so that
there is no failure and it also does not take a longer time for the recovery.(Adenike & Michael,
2016).
Hence, for a better solution, the user can focus on working on the file, with the facts that are
related to evaluate the destination of the file along with the system that includes the working in
the offline format. The proper way to maintain the privacy of the system is to work on the
database development along with focusing on the different features that will be able to handle the
connections and bring a proper connection to the network. (Khaneja, 2015). It includes the
improvement of the connectivity of the system and improves the system planning as well.
Part B
Accounting Software
The check is on how accounting system software is able to work towards the establishment
where Australia also includes the services which are related to MYOB, Xero and Saasu. It
includes the working with the proper plans of the programming which works for the accounting
of the modules and then working towards the inventory standards as well. Hence, for this, the
check is also on how to work towards the utilization process with the use of the business
programming methods that will be able to stabilize the stock administration framework. The

GST is maintained with the solicitations, emails for the quotes and handling the business deals as
well. (Sridhar,2017).
Market Size of Accounting Software
The structure for the MYOB is mainly to make sure of the better and the secured form of the
input which is contrasted with Xero. There are higher stirring rates with the higher edges that are
to handle the specialists when there is an increment to the net margins.
The MYOB desktop and cloud includes the functioning of the different key variables and the
annual churning that is based on handling the LTV rating with the gross marginal patterns. Here,
the client mixture is also important for the spacing and how the cloud is able to handle the clients
with the consideration of higher lifetime patterns. The contrast is set and indicated depending
upon how churning rate of MYOB for the 16.8%.
Leaders and Competitive Advantage
As per the standardized features, it has been seen that there is a proper indication of the different
current money related factors which includes the issues and the options relating the
customization. Hence, for this, the rapid observation is about how the parties are able to work
towards the unpaid deals and the bills. MYOB also looks for the modification of the business
targets with the standards set for the data import and the export. The account import with the
different articulations of the bank and making the exchanges. The bank information is bolstered
with the specific bundling patterns and to check on how the designing of the system is done. The
process of reconciliation is for the simple reconciliation in MYOB, Xero and Saasu where the
designing is mainly for the money coding. (Seethamraju, 2015). The approach is mainly to
coordinate with the interfacing and then specifically handling the Xero offers. There are different

sorts of the applications which are applied for the association from the interface patterns. MYOB
is able to handle the working with the customers focusing mainly on making and sending the
different solicitations. This includes the formation and the processing of the orders that are
related to the working of the Xero and MYOB. The customized forms of the changing notes and
the proclamations are for the suppliers to handle the offering processes and the purchase orders.
This is mainly to define the categories and work towards making a proper show which is taken
for Saasu records. (Issar et al., 2016).
The GST and the BAS advancement reports are mainly to make use of the actions proclamation
which is based on working towards handling the GAST Auditing records and the calculation
patterns. It is not valid for MYOB and is set to handle the assessment details of the report which
could easily be enhanced when the GST is imposed with certain exemptions. It also reveals the
different elements that have been accessible.
The forms multicurrency formats are for the different arrangements with the evaluation to work
on the different data patterns, which is not possible in Xero. Hence, it is important to relate the
collection of the reports, with the organization focus to build and develop the industry. The
bolsters are set for the foundation of the Taxable Payment Annual Report which includes the
consideration of the transfer and then appending the records based on the different exchanges.
Limitations for AIS
This includes the functioning and how there are different overhead for handling the recuperation
rates. With this, there are forms which include how there are certain downsides of the accounting
which includes about the winding up and giving away the any of the costs or sending of the
citations. The distribution of the different controlled tenancies and the setting of offering costs is

mainly to handle and work on the system planning. The costs are related to work on the
distribution of the aberrant expenses where there are overheads and the other expenses which are
designated and then reallocated. The standards are also set for the aberrant forms where there are
waking up of the items and then working on the accumulation programs, with the arrangement,
portions and the overhead recuperation. (Pai & Rane,2014). This is mainly for the settling of the
costs and the variables with proper innovation and the creation of the business world where there
is a greater part of the work that is being done through handling the work of the computerization.
Recommendations of ERP
Considering the use of the ERP solutions, it is seen that there are oversee operations which
works towards the enhanced response and the efforts related to the business range. The formats
are being reconciled with the venture guarantees that are prominent based on the different
aspects of the business. With this, there is also a proper control of the procedures and
diminishing the costs and the assets which are related to the wasteful aspects.
Conclusion
The check is on how the traditional accounting works for the systems with the proper
development of the technology. For this, there are certain technological advancements which are
for the use of the ERP based systems and how the accounting software systems are able to
handle the matching with the de-facto processes in the industry. There are different features that
include the use of the offerings and how the accounting works with Xero, MYOB and Saas.
Hence, with this, there is a NAB which is able to come and cover all the drawbacks.

References
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Issar, G. and Navon, L.R., 2016. Enterprise Resource Planning (ERP). In Operational Excellence (pp. 33-
36). Springer International Publishing.
Khaneja, S., 2015. E-Accounting in the Current Scenario: Impact of Information Technology. The
International Journal of Business & Management, 3(9), p.290.
Kosalge, P.U. and Ritz, E., 2015. Finding the tipping point for a CEO to say yes to an ERP: a case
study. Journal of Enterprise Information Management, 28(5), pp.718-738.
Nab.com.au. (2017). Annual reports. [online] Available at:
https://www.nab.com.au/about-us/shareholder-centre/financial-disclosuresandreporting/reports-
and-presentations.
Pai, A. and Rane, S., 2014. Development and implementation of maintenance management module of
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Zhang, Z., Nan, G. and Tan, Y., 2017. Uniform Pricing or Behavior-Based Pricing: Analyzing Marketing
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