Report on Accounting Information Systems at National Bank Australia

This report examines the accounting information systems (AIS) used by National Bank Australia (NAB), focusing on how the bank manages financial data through computer-based methods. The report explores the operational issues NAB faces, particularly in its marketing packages and the utilization of Xero software for accounting. It delves into the organizational structure of NAB, its ERP systems, and the challenges encountered, such as errors in traditional accounting methods and customer service issues. The report also analyzes the accounting software market in Australia, comparing solutions like MYOB, Xero, and Saasu, and evaluates their market size and limitations. Recommendations are provided, emphasizing the benefits of ERP systems for NAB, and the report concludes with a summary of the transition from traditional accounting to modern technology, highlighting the advantages of AIS in managing financial data and improving operational efficiency.

report

Executive Summary
The explanation of the report is how AIS (Accounting Information Systems) are able to manage
with the different collection, sorting and the processing of the information for the accounting
data. It is done by the computer based methods where National Bank Australia being the
Australian organization works on building and operating the different communication networks
and the market voice. The report focusing on the operational issues of how National Bank
Australia (NAB) is able to work on the different marketing packages with the AIS systems. The
company has been able to endure the Xero software for its functioning and balancing the
accounting information.

Contents
Executive Summary.........................................................................................................................1
Introduction......................................................................................................................................3
Organizational structure...................................................................................................................3
Operational Issues for NAB.............................................................................................................4
ERP systems for Accounting...........................................................................................................4
Flowchart.........................................................................................................................................5
Problems of NAB............................................................................................................................6
Part B...............................................................................................................................................6
Accounting Package in Australia.................................................................................................6
Market Size Structure..................................................................................................................7
Leaders for the Accounting Software..........................................................................................8
Limitations...................................................................................................................................8
Recommendations............................................................................................................................9
Conclusion.......................................................................................................................................9
References......................................................................................................................................10

Introduction
With the software packages, the accounting software refers to the help which is to keep the
records of the accounting data along with all the related information of the organization. This is
set with the different record transactions for the particular organization, where there are records
for the different accounting data that is set to relate to the organization setup. The system
software record transactions for the record payment transactions and then receiving the same are
shown in the general ledger where there are standardized forms of the accounts, which are for
showing the trial balance at the month end. (Bushman et al., 2004).The information is also
divided in the branded and the software of the company. The organization tend to make use of
the software at a personalized level. (National Australia Bank, 2017).
Organizational structure
NAB works on providing the best services to its clients where it has approximately 5 million
customers who are working in the bank. The ban has been able to work on the web banking
services with proper ATM service transaction mainly for the customers. In Australia, the
organization tends to work for the branding and setting the services for the UBank and for the
NAB. The bank is also able to provide some better resources for the connection to the other
commercialized banks. (Choe, 1996). This is also effective based on the use of traditional
systems which is found to be effective for the costs and then for properly viewing the forms and
the amounts. The system includes the paper working which is not suggested in the present time.

Operational Issues for NAB
Considering the issues of NAB, there is a major check on how the company has to handle the
different errors. For this, the transactions are handled and managed through the use of traditional
manner. Here, accounting is based on working towards the related task that creates the error with
the accounting system. It is important to maintain a balance for the accounting that will help in
protecting any of the wrong entry in the system along with handling the issues related to the
functioning. The next major issue of this is the technique that needs to be worked out and taken
hold of the particular working. The employees need to conduct the working with the system
flourishing towards the customers who report about the accounting as well as the balancing
features.( National Australia Bank, 2017) This will directly lead to the issues related to the loss
of the customers in the bank. Along with this, the customers also have to wait in line for their
personal transactions which is considered as a tedious task.
ERP systems for Accounting
It has been seen that there are different errors which are set through the use of the traditional
accounting measures where the management need to work towards the decisions of the ERP
based setup. It will directly lead to the removal of any of the accounting error. The management
also decides to work on the applications for the Xero accounting that will be based for the ERP
software along with working on the Xero accounting. The cloud based setup is based on the
services that could be easily managed with the help of the monthly subscriptions. Here, the
software is also used for the proper working and handling the accounting figures in the direction
that are for the proper examination. (Hall, 2012). The software is related to the data processing

and how the customers are able to store the information on the online hard drive which will be
helpful for the protecting against any loss of the data systems. (National Australia Bank, 2017).
Flowchart
Here, the flow of work is based on the signing up of the client where in there are new clients for
the proper registration and to handle the email address. Along with this, there are client account
information that is to explain the data of the entry procedures that is set and registered depending
upon the emails and how the clients are able to put in. (Smith & Smith, 2001). There are monthly
accounting services which are set for the email approved resources and for the evaluation of the
revisions, where there is a proper review of the services with the need to revise and handle the
email questions in the monthly report. The addition of the data and setting the revised version for
the email, there are payroll and the controller, with the taxes to handle the different services.

Problems of NAB
The major issues are also related to the working with the Xero and how the processes are based
on the working over the networking connections. Here, the networking browser need to work
with the software that does not need any full administrator rights for the privacy level of the
systems. The connection links are becoming fail with the long time taking to recover them back.
The major and the best solutions for the same is to ask the user to work on the file and handle the
local drive of the system. through this, it is possibility to work on the different modes that will be
able to maintain the privacy of the system as well. (Nicolaou, 2000).
Part B
Accounting Package in Australia
With the known standards and the Accounting software standards, MYOB, XERO and the Saasu
has been able to claim its position for the proper bookkeeping of the programming solutions and
then working on the cost-effective mediums. Through this, there are different small medium
organizations where there are finishing of the sales and the purchase of different modules as
well. The accounting modules are evaluated with the inventory to utilize the business
programming and the other relevant business positions. (National Australia Bank, 2017). The
business is able to take hold of the bookkeeping processes where there are virtual and the
relevant ways to handle the deals and the buying of different products. It includes the tracking of
the payables, GST along with the receiving options for emailing the quotes and the solicitations.
The effectiveness is based on the stock administration framework which is precisely for the stock
submission and the request.

Market Size Structure
Depending upon the processing of MYOB, there are different important income standards which
are found to be set at a higher rate. Through this, there are different processes where the
specialists include the expectations of how Xero works towards the increment and the
enhancement of the margins. (National Australia Bank, 2017).
With the change in the positioning and the client mixture practices, the high lifetime esteems are
evaluated with the desktop enterprise. The indication is over how MYOB is able to work on the
cloud client software and improve the functioning with limitations between 12-13% in Australia.

Leaders for the Accounting Software
As per the analysis, it is seen that there are different indications of how the bank parties are able
to handle the money related positions with any of the unpaid deals and the bills. Saasu works on
the accounting of the reports and the P&L depiction. The options set for the customization
process with the MYOB is not there rather it is in SaaSu and Xero. (National Australia Bank,
2017). The function of the data importing and exporting is possible with the bank articulations,
contacts and the things. This is important for the multi-user scope and to work towards the
balance and handling the charges. The articulations are based on the contacts and the things
which are for the business exchanges. They are set for the multi-user scope that includes the
factors related to the bundling of the account with endless clients.
Limitations
It is seen that there are some of the accounting frameworks with the downsides that have to be
wind up to handle the costing of the data and then work on the choice from the administration.
The utilization of the controlled tenacities and for the setting of the offers is based on the sending
of citations. Along with this, there is a check on the overhead recuperation rates, where the
machine hour rate, working hour rate and the other processes need to be evaluated so that there is
an easy evaluation of the process. The expense is also designated with the relocation of the items
and how the trouble in accumulation could lead to the recuperation of the overheads. This is set
with the part of the cost and how the accounting with innovation leads to the setting of the better
business world.

Recommendations
ERP is considered to be best for this process as there are different associations and the
dimensions which could be set through the organization. There are information processes which
include the venture support and how the different aspects of the business could be evaluated. The
use of ERP could be set with Xero that will be for the working on the oversee operations with
working on more than one office area. There is a possibility of the diminished results of the costs
and the assets are set under the wasteful aspects as well. The enhancement of the upgradation,
with the customer loyalty and the adaptability helps in controlling and enhancing the system
correspondence with the joint support that is set in between the different ranges.
Conclusion
The standards are set for the traditional accounting system where the modern era of NAB
includes towards the technology growth and advancement of the ERP systems. the accounting
systems are for the defactors with the features to offer the use of the Xero, MYOB and SaaSu.
This will help in handling the system drawbacks to a greater level.

References
Bushman, R., Chen, Q., Engel, E. and Smith, A., 2004. Financial accounting information, organizational
complexity and corporate governance systems. Journal of Accounting and Economics, 37(2), pp.167-201.
Choe, J.M., 1996. The relationships among performance of accounting information systems, influence
factors, and evolution level of information systems. Journal of Management Information Systems, 12(4),
pp.215-239.
Hall, J.A., 2012. Accounting information systems. Cengage Learning.
National Australia Bank, 2017. About NAB. [Online]
Available at: https://www.nationalaustraliabank.com/nabglobal/en/about-nab
Romney, M.B. and Steinbart, P.J., 2012. Accounting information systems. Boston: Pearson.
Nicolaou, A.I., 2000. A contingency model of perceived effectiveness in accounting information systems:
Organizational coordination and control effects. International Journal of Accounting Information
Systems, 1(2), pp.91-105.
Smith, L.M. and Smith, K.T., 2001. Accounting information systems. Thomson Learning Custom
Publishing.