Evaluating Cloud Accounting Options for Australian Sports Stores

This report analyzes and compares three cloud-based accounting packages commonly used in Australia: MYOB Essentials, Saasu, and Xero. The comparison focuses on features like general ledger, accounts receivable, accounts payable, payroll, inventory management, reporting, digital dashboards, and secure bank feeds. After evaluating the features and benefits, the report recommends Saasu to 'Sports stores' due to its ability to simplify record-keeping by using a single address book and its secure bank feeds with daily bank reconciliation. The rationale for selecting Saasu is its user-friendly features, ease of recording books of account, and high data storage capacity, which will assist in making the book recording system effective and increase the overall efficiency of the business.

RUNNING HEAD: Accounting and information systems 0 | P a g e
Accounting and information systems

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Contents
Introduction.................................................................................................................................................1
Analysis and comparison of three cloud-based accounting packages.........................................................2
Conclusion...................................................................................................................................................3
Recommendation to ‘Sports stores.............................................................................................................3
Rational...................................................................................................................................................3
References...................................................................................................................................................4

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Introduction
With the ramified economic changes, there are several accounting software's in Australia
which has been used by companies to maintain their books of accounts. This report reflects the
three main accounting software's which will be further be analyzed and compared to identify the
best suitable accounting software to Sports stores.
Analysis and comparison of three cloud-based accounting packages
In Australia, there are three main cloud-based accounting packages which are mostly used by
the small and big companies (Venkatachalam, 2015).
 MYOB Essentials
 Saasu
 Xero- 3210000
Comparison between all these clouds based accounting packages (GRADE, 2017).
MYOB Essentials Saasu Xero- 3210000
It provides any time access to
bookkeeper to the accounts
maintained. It is highly
secured by the credential
users. It secures double entry
accounting for bank
reconciliation and financial
statements (Wickramasinghe,
Cooray, & Dissanayake,
(2017).
Saasu accounting software
is known for its highly
advanced feature of holding a
large amount of data. It is
highly secure accounting
software system. It integrates
the invoice of the business
with the customer relationship
system which may be further
used in the internal control
It is cloud-based accounting
software. It offers dashboard
to quickly view the bank
balance, invoices bills, and
expenses claims.
The invoicing system
customizes the process with
the clients through online
invoicing.

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It is comparatively costly as
compared to other accounting
software available in the
market.
system of organization. It also
eliminates the multiple
recording by keeping one
address book to reduce the
complexity of the system. It
also promotes the secure bank
feeds by preparing the bank
reconciliation statement daily
(Mageto, 2017).
Pricing for Xero starts
with the $ 19 per month and
increases with the increase in
the quality (Hossack, (2015).
Conclusion
After evaluating all the feature and benefits of the particular accounting software’s, it could
be inferred that SAASU is the best accounting software packages which could be adopted by the
small business organization to maintain an effective accounting and reporting frameworks. It
increases the overall efficiency of the business.
Recommendation to ‘Sports stores
 The main recommendation to Sports Stores is related to installing the Saasu software. It will
assist Sports stores to book the multiple recording by keeping one address book to reduce
the complexity of the system.
 It will also secure bank feeds by preparing the bank reconciliation statement on the daily
basis which will eventually increase the overall output of the organization at large.
 It will make easy recording system and interlink other books of accounts with the journal
entry system (Mageto, 2017).
Rational
The main rationale to select this SAASU software is based on its features and easy to
record the books of account of the company. In addition to this, data storage of SAASU is
also too high which will assist in making the book recording system effective.

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References
GRADE, G.B.,(2017) Effective Accounting Software Package System 0 Downloads| 15 Pages
3,743 Words| Published Date: 02/01/2018.
Hossack, S. (2015). Cloud-based accounting and productivity tools for practitioners and
taxpayers. Taxation in Australia, 50(5), 265.
Mageto, J. (2017). Accounting Softwares in Australia. An Overview. GRIN Publishing.
Venkatachalam, N. (2015). Leveraging of software as a service by small and medium
enterprises: Information systems capabilities and organizational
complementarities (Doctoral dissertation, Queensland University of Technology).
Wickramasinghe, M., Cooray, N. H. K., & Dissanayake, S. (2017). Impact of accounting
software for Business Performance.