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Accounting Information System (AIS 441)
Topic: Revenue And Expenditure Cycle
Analysis
ID Name
1230481 Sarah Hussain
1310911 Junait Husain Rahul
1310411 Md. Nazmul Hasan Khan
1310493 Asif Ahmed
1310239 Md. Dilwar Hussain
Introduction
AIS is a structure that a business uses to collect, store,
manage, process, retrieve and report its financial data.
A computer-based method for tracking accounting
activity.
Accounting Information System is a designed to
support all accounting functions and activities.
Revenue Cycle
Revenue cycle is primary external exchange of
information with customers.
In their revenue cycle they have
Sales Order.
Billing.
Delivery.
Cash Collection.
Background of Organization
We select a wholesaler shop, name is ‘Bhuiyan
General Store’.
Which are located in ‘Kuril Chaw Rasta’.
This store maintain by four workers.
Owner is the cashier in this store.
They maintain their accounting curriculum
manually.
Expenditure Cycle
The expenditure cycle is a set of activity where some
proton of money spent to generate revenue.
In order to sale the product, a company makes various
types of expenditures.
Expenditure Cycle
Here we discuss about expenditure cycle
Prepare Purchase Order
Receiving Goods
Accounts Payable
Inventory Check.
Set of Activity Performed
The daily activities for ‘Bhuiyan General Store’ are
selling, purchasing, billing, credit etc.
Sales
Purchases
Payroll
Our Selected Accounting Software
To analysis many of accounting software we found
some best like Xero.
Xero is a New Zealand-based software company that
develops cloud-based accounting for small and
medium-sized businesses,
‘Xero’ is an internet based software.
Features of Xero Software
Invoicing
Inventory
Bank Reconciliation
Mobile App
Data Security
Pay Bills
Reporting
Purchase Payments
Sales Tax
How to Use This “Xero” Software
Need an email for open ‘Xero’ software.
Get an confirmation in my email.
To fulfill easy requirements we should enter on this
software in ‘Dashboard’ with our own firm name.
How to Use This “Xero” Software
We should make the sales, purchase, expense claims,
fixed asset to using the ‘Accounts’ option.
We also check many of ‘Reports’ like account
receivable/payable, balance sheet, cash summary,
profit and loss in a short time.
We also check our inventory with their particular
amounts.
Proposal for Implementing “Xero”
Software
The “Bhuiyan General Store” doesn’t have any
accounting software for making the sales and
purchase invoices.
Xero’s online accounting software makes it easy to
track the sales, purchases and reports.
‘Xero’ software has all the features required for high-
performance business management.
Proposal for Implementing “Xero”
Software
This can save money and time as we showed before.
It is an online base accounting software, this will
never provide wrong calculations.
If any difficulty to using this software they should use
YouTube for easy tutorial.
Control Points & Security
‘Xero’ is committed to the security of its customers’
data and provide multiple layers of protection.
‘Xero’ customer one has the flexibility to invite
unlimited users.
‘Xero’ provides standard access through a login and
password.
Costing for Using This Software
‘Xero’ has made 30 days free trial.
Starter requires $20 USD per month.
Standard Plan needs $30 USD per month.
Premium plan require $40 USD per month.
Benefits and Advantages
The biggest benefit of using a Cloud-based
accounting system.
Xero can be accessed from anywhere.
Easy to use in the mobile phone.
Paying online is a lot faster and simpler for both
parties.
Benefits and Advantages
‘Xero’ allows you to create, send, and automate
customized, professional looking invoices.
No need to worry if computer crashes or stolen cause
‘Xero’ store all data in their server.
Instantly getting reports profit-loss or balance sheet
etc.
Conclusion
We are trying to discuss about revenue and
expenditure cycle of “Bhiyan General Store”. And also
discuss how to convert manual to Accounting
software transaction. The business owners always
want to reduce time and cost. Our proposed Xero
software is filling all the demand of a business owner.
THANK YOU
FOR BEING WITH US

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AIS441 Accounting Information system Junait Husain Rahul

  • 1. Accounting Information System (AIS 441) Topic: Revenue And Expenditure Cycle Analysis
  • 2. ID Name 1230481 Sarah Hussain 1310911 Junait Husain Rahul 1310411 Md. Nazmul Hasan Khan 1310493 Asif Ahmed 1310239 Md. Dilwar Hussain
  • 3. Introduction AIS is a structure that a business uses to collect, store, manage, process, retrieve and report its financial data. A computer-based method for tracking accounting activity. Accounting Information System is a designed to support all accounting functions and activities.
  • 4. Revenue Cycle Revenue cycle is primary external exchange of information with customers. In their revenue cycle they have Sales Order. Billing. Delivery. Cash Collection.
  • 5. Background of Organization We select a wholesaler shop, name is ‘Bhuiyan General Store’. Which are located in ‘Kuril Chaw Rasta’. This store maintain by four workers. Owner is the cashier in this store. They maintain their accounting curriculum manually.
  • 6. Expenditure Cycle The expenditure cycle is a set of activity where some proton of money spent to generate revenue. In order to sale the product, a company makes various types of expenditures.
  • 7. Expenditure Cycle Here we discuss about expenditure cycle Prepare Purchase Order Receiving Goods Accounts Payable Inventory Check.
  • 8. Set of Activity Performed The daily activities for ‘Bhuiyan General Store’ are selling, purchasing, billing, credit etc. Sales Purchases Payroll
  • 9. Our Selected Accounting Software To analysis many of accounting software we found some best like Xero. Xero is a New Zealand-based software company that develops cloud-based accounting for small and medium-sized businesses, ‘Xero’ is an internet based software.
  • 10. Features of Xero Software Invoicing Inventory Bank Reconciliation Mobile App Data Security Pay Bills Reporting Purchase Payments Sales Tax
  • 11. How to Use This “Xero” Software Need an email for open ‘Xero’ software. Get an confirmation in my email. To fulfill easy requirements we should enter on this software in ‘Dashboard’ with our own firm name.
  • 12. How to Use This “Xero” Software We should make the sales, purchase, expense claims, fixed asset to using the ‘Accounts’ option. We also check many of ‘Reports’ like account receivable/payable, balance sheet, cash summary, profit and loss in a short time. We also check our inventory with their particular amounts.
  • 13. Proposal for Implementing “Xero” Software The “Bhuiyan General Store” doesn’t have any accounting software for making the sales and purchase invoices. Xero’s online accounting software makes it easy to track the sales, purchases and reports. ‘Xero’ software has all the features required for high- performance business management.
  • 14. Proposal for Implementing “Xero” Software This can save money and time as we showed before. It is an online base accounting software, this will never provide wrong calculations. If any difficulty to using this software they should use YouTube for easy tutorial.
  • 15. Control Points & Security ‘Xero’ is committed to the security of its customers’ data and provide multiple layers of protection. ‘Xero’ customer one has the flexibility to invite unlimited users. ‘Xero’ provides standard access through a login and password.
  • 16. Costing for Using This Software ‘Xero’ has made 30 days free trial. Starter requires $20 USD per month. Standard Plan needs $30 USD per month. Premium plan require $40 USD per month.
  • 17. Benefits and Advantages The biggest benefit of using a Cloud-based accounting system. Xero can be accessed from anywhere. Easy to use in the mobile phone. Paying online is a lot faster and simpler for both parties.
  • 18. Benefits and Advantages ‘Xero’ allows you to create, send, and automate customized, professional looking invoices. No need to worry if computer crashes or stolen cause ‘Xero’ store all data in their server. Instantly getting reports profit-loss or balance sheet etc.
  • 19. Conclusion We are trying to discuss about revenue and expenditure cycle of “Bhiyan General Store”. And also discuss how to convert manual to Accounting software transaction. The business owners always want to reduce time and cost. Our proposed Xero software is filling all the demand of a business owner.