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Accounting Software Memo

Please, I need help writing a memo for the assignment below.

Your department's accounting software is extremely outdated, and you have included the purchase of new software in this year's fiscal budget. You have decided it is time to start looking into purchasing your company's accounting software and have chosen someone in your department to undertake the task. You want to draft a memo for your employee to help guide her in the purchasing process.

Prepare a 350-word memo discussing the factors to consider when choosing accounting software. Be sure to discuss why each factor is important, as well as the risks of not considering each factor.

Solution Preview

Dear student,

Your department's accounting software is extremely outdated, and you have included the purchase of new software in this year's fiscal budget. You have decided it is time to start looking into purchasing your company's accounting software and have chosen someone in your department to undertake the task. You want to draft a memo for your employee to help guide her in the purchasing process.

Prepare a 350-word memo discussing the factors to consider when choosing accounting software. Be sure to discuss why each factor is important, as well as the risks of not considering each factor.

Accounting software is must for the preparation of financial statements (Income statements and Balance sheet) and for the purpose of financial control. Accounting Software is necessary for large corporate especially when there is large volume of transactions.

Accounting software has to be adopted in such way that it meets the statutory requirements, procedural requirements and has to be designed according to the nature of the organization, because requirement of financial Institution is different from the requirement of manufacturing and service organization.

In ...

Solution Summary

The answer contains the factors to be considered for purchasing new accounting software.

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