Best Accounting Software for Eureka Limited: FreshBooks vs SAP Intacct

Running head: STRATEGIC INFORMATION SYSTEM
Strategic
Informati
on
System
May 23
201
9

STRATEGIC INFORMATION SYSTEM 1
Executive Summary
The aim of this report is to evaluate and recommend the best possible accounting solution for
Eureka Limited, which is one of the oldest small and medium businesses. The company is
involved in the production and distribution of beverages. The report has highlighted the key
business processes of the company which has supported it in gaining a respectable position in
the market. However, the company is dealing with financial issues due to the unavailability of
accounting software. In order to overcome this, the report has presented a description of two
accounting software that is FreshBooks and SAP Intacct. Both the software offers the best
solutions to the businesses; however, FreshBooks is the suitable accounting software for
Eureka Limited.

STRATEGIC INFORMATION SYSTEM 2
Table of Contents
Executive Summary...................................................................................................................1
Introduction................................................................................................................................3
Overview of Eureka limited...................................................................................................3
Key Business processes of Eureka Limited...........................................................................4
Production Procedure.........................................................................................................4
Quality Standards...............................................................................................................4
The Process........................................................................................................................4
Water Treatment.................................................................................................................4
The Syrup...........................................................................................................................4
Filling and Packaging.........................................................................................................5
Distribution Procedure.......................................................................................................5
Major Control Risks for business processes..........................................................................5
Possible features of Accounting Software System.................................................................6
Overview of the Accounting Software...................................................................................8
Fresh Books according to Software...................................................................................8
Intaact Accounting Software..............................................................................................9
Category of Accounting Software........................................................................................10
Comparison of Selected Software........................................................................................10
Fresh Books Accounting software...................................................................................10
Sage Intaact......................................................................................................................12
Suitable system.....................................................................................................................13
Conclusion................................................................................................................................14
References................................................................................................................................15

STRATEGIC INFORMATION SYSTEM 3
Introduction
Accounting software is utilized to gather information regarding financial operations and
reporting the financial viability of the company. This software is vital for the appropriate
management of the business. Before deciding which software to be used it is very important
to understand different types of possible accounting software solutions available in the
market (Sure Payroll, 2019). In order to identify the different types of Software, this report is
being presented, which is suggesting the best possible accounting software for Eureka
Limited. The report is providing a detailed description of the organization and its key
processes in order to identify the risk areas present in the business. Further, in order to
resolve those issues, the report will provide the name and features of the most suitable
software.
Overview of Eureka limited
Eureka Limited is one of the family owned businesses with over 73 employees. During the
last past years, the sales revenue of the company has been increased to around $ 18.5 million.
The company is involved in the business for around 55 years and known for supplying
beverages to different businesses comprising pub-chains and supermarkets. Over years, the
company has experienced different ups and downs of fortunes in consideration to the
performance of the business; but, in last few years it has experienced development due to
offering some of the healthy product variety in the market. On the negative hand, the
company has also lost some of the loyal customers in the market because of being incapable
to deliver the products at competitive prices in comparison to other players present in the
market.