ICT50915 - Cloud Accounting Software Implementation for ABC P/L

This presentation addresses the challenges faced by ABC P/L with their outdated MYOB desktop accounting software, especially after losing their accountant. It recommends three cloud-based accounting software options: Sage 50 Cloud, Intuit QuickBooks, and Xero, ultimately suggesting Sage 50 Cloud as the best fit due to its features like tax management, inventory tracking, budgeting, and invoicing. The presentation outlines an implementation plan involving a reputable IT solutions company for seamless data migration and cloud hosting, ensuring accessibility from anywhere. The conclusion emphasizes the simplification of accounting tasks through cloud-based solutions, urging ABC P/L to adopt this technology to streamline their processes, particularly for managing annual taxes and payroll efficiently. Find more solved assignments and past papers on Desklib.

Cloud Based Accounting Software
ABC P/L

Presentation Purpose
• This presentation is made to highlight the problems
experienced by the ABC P/L company while using the
MYOB desktop software for accounting purposes and
even after they lost their accountant.
• In order to address the problems of ABC P/L, this
presentation will list three best and recommendable
accounting software that would help solve most of the
problems and also choose which of the three is best.

The Organisational Problem
• ABC P/L has in the past been using older accounting
softwrea that is not cloud based.
• Their accounts person used to perform everything with
regard to the software, right now, they are in dire need of
a simple accounting software.
• They need to simply manage their annual taxes and
payroll.
• Only a single person can access the accounting software
they were using in the past

Options
• Many cloud based Accounting software exist in the twenty
first century. Below is a list of three packages or options
recommendable for ABC P/L:
–Sage 50 Cloud
–Intuit Quick-Books
–Xero.

Selected or Recommended Option
• Sage 50 Cloud is the best option for ABC P/L.
• It is an internet bookkeeping package for little and
medium-sized organizations that offers features, for
example, charges on tax, stock, budget planning, income,
and invoicing.
• You can make installments in a hurry and bill clients, and
give your bookkeepers real time access to accounting
books.
• This is a perfect solution for ABC P/L as it does seamless
bank reconciliation and good tracking of purchases and

Implementation Plan
• To deploy this software, the company needs to contact a
reputable IT solutions company in order to transfer them
from their old accounting software to a new one.
• The process of deployment would not be hard since the
cloub based software is able to make seamless
importation of records from the previous accounting
software.
• Thee software will be hosted in the cloud and will thus be
accessible from anywhere.

Conclusion
• Cloud based Accounting software have over the years
simplified accounting tasks that were in the past a pain
and worth much time.
• ABC P/L should not be left behind especially at this time
when they have lost their accountant and they need a
simple cloud based accounting software.

THANKS