Question

identify the specifics of your company: size, products, production schedule, what your company is capable of producing daily, when and how you order supplies, when and how you purchase supplies, shipping and distribution requirements. Once you have a handle on what your company needs are, each team member should use the Library and other Web resources to evaluate at least six software systems available and the pros and cons of each. Based on the information gathered, you will work to write a "Software Recommendations Report" that you will submit to the chief executive. Justify your recommendations by analyzing the pros and cons of each of the six software systems you evaluated. You will need to include information such as cost, compatibility with current systems and work flow processes, functionality, ease of use, and end user support

Answer 1

The six software systems which are Currently used are:-

(A). Tally ERP 9 (GST):-

Tally Erp9 is the one of the leading business mangement software for the GSt, it helps in managing the inventory payroll and accounting.

Pros:-

1. it Resolution of classification relating issues
2. it helps in reduction in the duplicity of the information and the compliance cost.
3. it has the lower tax base.
4. it helps in removing the cascading effects.
5. it helps in Rationalization of tax structure and simpicification of tax.

Cons:-

1. it Dispute the resolution Mechanism.
2. it is a compliance
3. it is not a friendly to important in service sector like bank.
4. it is a compensation loss for making state foe five years

(B). Zoho Book.:-

Zoho Book is the oniline accounting Software which will manage the companies Finance, keeps you GST compliant, Automates the business workflows, and helps collectively works across Departments.

Pros:-

1. It has End-to-end acounting Right From the negotiating deals to raise the sales ordering and invoicing.
2. Zoho book software helps in the Creating and sending purchase orders
3. It will helps in keeping the track of the payments you've made.
4. It will helps in uploading Expense Receipts.
5. Zoho book will Associate the customer with billable items.
6. It will automatically adjust the stock level when the goods have been received.

Cons:-

1. Zoho software is used only in smal and medium business.
2. it has major Flaw.

(C). FINSYNC software:-

FINSYNC it is a multi-user cash flow mangement which will help in small and medium size businesses. it can upgrade the payment to the invoicing, payroll, bill payables, accounting, cash flow and more.

Pros:-

1. it has Friendly and responsive customer success and the development teams.
2. it has automated bookkeeping.
3. it has the Intuitive user interface.

Cons:-

1. it is relatively new solution system understandably has some bugs.
2. it is not a great solution for accounting for the complicated accounting and the reporting environments.

(D). Fresh Book:-

Fresh book it will make small business invoicing and billing it makes invocing organising the expenses, tracking your time and will follow up with the clints in just few click

Pros:-

1. it is easy in making the invoice.
2. it helps in insight time tracking.
3. it will organize the expenses effortlessly.
4. easy to understand the reports.
5. it get paid very faster.

Cons:-

1. it is used only in small business.
2. the user will find bugs.

(E).Free Agent:-

it is a featured-filled online tool it is designed specially for freelancer it has features like controlling and managing all the aspect of the business like finance operations including payroll, invoice, expenses, cash flow and so on.

Pros:-

1. it is easy to use the system
2. it helps in creating and sending invoice
3. it helps in expenses tracking capability.
4. it is a small business-friendly solution.

Cons:-

1. it has poor team management of free agent
2. the solution does not comply with usual statement-balance accounting reconciliation process.

(F). Xero:-

Xero it will helps in manging the real-time finance data anytime anywhere. it helps in tracking and managing the wages, revenue, payables, expenditure,cash flow,receivables and so on.

pros:-

1. it is very cost effective.
2. it helps in real time Reconciliations.
3. it is a user friendly.
4. it is compatible with the latest technologies.
5. it is a multi-user

Cons:-

1. it is limited mobile apps
2. it has certain restrictions.
3. no inventory Tracking or purchase order.
4. it is unreliable Support.

this are the pros and cons of the six software