At Corporate Business Solutions , we have the expertise to help your small to medium – size business access the knowledge that is often needed to achieve success, including utilizing information systems.
We realize that information systems have a huge impact on how accounting is done and what reports are generated. Not only are accounting tasks performed at a high speed, they are also made easy to do for most businesses. Calculations are done automatically with fewer errors than manual accounting, greatly improving efficiency.
Spreadsheets – Excel and other spreadsheets are used regularly by professionals to analyze data and perform complex computations and modeling. Changing columns and rows and having calculations update automatically with the new information has drastically reduced time spent on grueling calculations.
Specialized Accounting Software – A trend in programming practices is to target certain industries and make entire programs customized for those industries. The result is entire systems made with tools specific to certain sectors, such as retail, non-profit or manufacturing. That makes computerized accounting fast to set up and use. Instead of waiting for a programmer to develop your software, you can buy one off the shelf that is about 90 percent good for your purposes and requires only minimal customization.
Risks- Information systems help with speed and accuracy, but there is still room for human error. If incorrect information is entered, the system may not catch it. Errors and fraud still happen in accounting and internal controls are needed to prevent or detect these risks. A computerized system should have secure access to avoid unauthorized use; management must review reconciliations to make sure they are reasonable and accurate; and payments should be made only on approved bills to avoid fraud and errors.
To learn more about us and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions, call us at 877-357-9366.