CHAPTER ONE
1.0 INTRODUCTION
The progress in information revolution resulted in the use of computer in information management which have shown high efficiency rate, specifically in sales services. Sales can be defined as he exchange of goods and / or services for a price which can be money or other goods / service on the other hand, invoicing is an expression or word that can be substituted for sales, once a sale is made; details of the transaction are taken and documented in form of invoice. These Operations of sales can be done through writing and description of the transaction; this is called involving operation. Computerized invoicing system tries to reduce the problem of manual handling of sales. Such problems include: Inaccuracies
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To compare the existing system of sales management to the modern computerized system as regards to efficiency.
3. To ensure that customers satisfaction is guaranteed.
4. To formulate computer strategies ad make recommendations that would be more effective and satisfying in sales management.
5. To come up with a better option in invoicing service delivery.
1.4 SCOPE OF STUDY This area of study comprises of other several components which demands much time and other resources. As a result the scope of the study is limited to only purchasing of goods; inventory control, sales of goods and issuance of invoice.
1.5 LIMITATIONS
The limitations encountered by the student on the course of the research work were:
• There was less information on the topic under study
• Limited time on the part of the author
• Delay on the data and collection of information from the organization under study.
1.6 DEFINITION OF TERMS i ACCOUNT:- This is a record in a double entry book keeping system kept for each class of asset revenue, expenses and others. ii ACCOUNT PAYABLE:- Amount owed supplier for the purchase of goods and
BC1030X Week 2 UHB Assignment Sandra Caballero UMA 1. Discuss the relationship between patient accounts, data flow and charge capture. The relationship between patient accounts, data flow and charge capture is that all these three work together to gather all the patients’ necessary information for proper reimbursement to hospital and proper care for the patients. It contains the patient’s demographic information, financial (insurance) information, and medical information.
When being placed in the role of a manager, it is important to understand the finances of the organization and how to read and understand the recording of finances. It is also important to understand how all the different parts of the records fit together to give us the knowledge of where the business is financially. Knowing also the different responsibility centers related to financial recording and how they function is important as a manager. Once a manager understands what and where items belong on a balance sheet, they will better understand the state that the business is in. “It provides you with a picture of the financial health of your practice or organization on a certain date.”
For example, the townspeople burning in a church by the British incorrect. Now 1776 is not as inaccurate, but the writers had to make some stuff up to try and imagine what it was actually like for them to create the Declaration. So they only did that because there were no facts about what actually happened
Clients must keep records and books of accounts including cash book, sales ledger, purchases ledger and general ledger. Supporting documents such as invoices, bank statements, pay-in slips, cheque butts, and receipts for payments, payroll records and copies of receipts issued should be retained. A valuation of the stock in trade should be made at the end of the accounting period and the appropriate records maintained. Company should record sufficient to explain each transaction and to enable a true and fair profit & loss account and balance sheet to be prepared. At the end of the accounting period, a physical stock-take should be made to ascertain the quantity and the cost of the stock in hand or the cost of work in progress statements and
In this, he used many examples of indisputable deficiency of
The variety and assortment of products in today’s world is growing heavily making consumer decisions harder and harder. Thus, the need of in-store visual merchandising be-comes relevant as never before. The more choices consumers are faced with, the more time they tend to spend while making purchasing decision, and visual merchandising may help to facilitate those choices. This reflection paper is aimed at drawing understanding on how visual merchandising influence consumer behaviour and how it stimulates the purchase de-cision.
Discussion: Sales are the most dominating factor for any organization. In any circumstances, sales will always
Since they are out in the field interacting with customers and the competition, salespeople gather a lot of important information. Their organization can only make use of this information if it gets to the right people promptly, and this is done by salespeople communicating the information back. Companies often use customer relationship management software to facilitate the gathering and dissemination of information regarding customers and their preferences (Tanner and Raymond, 2010). The information that salespeople gather can help with future marketing efforts, custom marketing and product offerings, and product development. How does each type of salespeople create value?
Also many companies reporting related to the state of the value added or environmental information, these are concentrated in industrial sectors. The financial statements reflect the financial position of company, financial performance and cash flows of the company, it is significant to note that the correct depiction of the impacts of transactions and other events and circumstances according to the explanations and criteria identification of assets, liabilities, income and expenses go in the same outline (Brealey,
Particularly well experiences accountants work with AIS means to check the high-level accuracy of company financial transactions and to keep the records in safety manner. To make financial statement easiest way and easy to understand for all of them. AIS is one of the real-time application processes. The Data will be included in the AIS; it depends on the Nature of the Business. It consists of Customer billing statements, Sales orders, purchase Requisitions, Sales analysis reports, Register checking, Vendor invoices, general ideas, payroll information, timekeeping and inventory data, tax information.
Introduction Keeping record of activities and expenditures is crucial in personal finance planning and could really help in managing personal finances. This paper identify what is accounting and how does it help to manage personal finance, describes products of accounting and bookkeeping procedures that are useful in personal financial planning and how personal financial software could assist in personal financial decisions. What is accounting and how does it help you manage your personal finances?
Every business industry nowadays, whether they are aware of it or not, depends on business strategies that they implement in order to achieve high growth potential. Some businesses, however, tend to forget the importance of maintaining effective sales strategies, therefore, they experience a decrease in sales causing their business to eventually experience some financial difficulties. Gluck (n.d.) describes sales strategy as a plan that allows companies to position their brand or product in order to gain a competitive advantage. Successful sales strategy should create a need by convincing a potential customer that the good is presented to them can solve their problems. This has to be created as a “planned approach to account-management policy
Digital marketing is the marketing of products or services using digital technologies, mainly on the Internet, but also including mobile phones, display advertising, and any other digital medium. Digital marketing 's development since the 1990s and 2000s has changed the way brands and businesses use technology for marketing. As digital platforms are increasingly incorporated into marketing plans and everyday life, and as people use digital devices instead of visiting physical shops, digital marketing campaigns are becoming more prevalent and efficient.
Task 2 2B Digital technology ¬– a health threat? We live in a rapidly changing, highly technological world, where the present day digital technology affects several parts of our lives. At work, people use digital technology to communicate, gather information and solve problems relevant to their place of work. A growing number of people also use digital technology at home, to keep in touch with friends and family, check bank balances, play interactive games, participate in online forums and interact with others on social media websites and mobile apps, such as Facebook, Twitter and Instagram.
Nowadays technology can play a major role and only few companies are trying to change and introduce new updated software in their day-to-day business such as e-processing of shipping documents and data entry. WSS is so technologically advanced in this field, that all its data processing is being done electronically and customers are able to access all information relevant to shipment through dedicated space available on company