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Continued from Part 1 &2 on internet or web-based accounting packages,append below are some of the features/factors that we should consider when buying an internet or web-based accounting packages system: System requirements We should ensure that at the workplace,the computers meet the requirements to use web based software effectively,including hardware specifications,[...] Continued from Part 1,this article append below some simplified procedures to implement a web-based accounting system that will leverage current IT tools to improve profitability and efficiency:- Set up a system network. This is in relation to the connection of the local and remote computers for sharing information and resources,Ethernet networking is a [...] Reliable and efficient access to information has become a must for business firms to stay competitive. One simple way is to deploy web-based accounting systems in your workplace. This is particularly so as the functions of web-based software packages are getting more varied and not only confined to the bookkeeping aspects: financial accounting &reporting;[...] As accountants,if we want to be cost effective, one area to look out is the purchasing side, hence the need to seriously consider any implementation of procurements system/processess whether it is e-procurement,conventional,open and or closed tendering concept. In The Star Malaysia,group chief executive officer Datuk Abdul Wahid Omar of Telekom Malaysia Bhd (one of the [...] GO TO MAIN PAGE FOR ALL TOPICS COVERED UNDER FOREIGN EXCHANGE MANAGEMENT As part of the control framework,we need to be serious on the details of management reporting requirements for reporting the performance of the foreign exchange activities of an enterprise. We might need to consider the following: Frequency of reporting;Recipient(s) of report;[...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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