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Riordan Manufacturing

Essay by   •  November 29, 2010  •  388 Words (2 Pages)  •  1,958 Views

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Riordan Manufacturing has three operating entities...Georgia, Michigan and California...plus a joint venture in the People's Republic of China. Basically, the operating entities each have their own Finance & Accounting Systems and they provide input that is consolidated at Corporate...San Jose. The basic components of each system are as follows:

General Ledger

Accounts Payable

Accounts Receivable

Order Entry

Procurement

Sales and Purchasing History

Invoicing and Shipping

Payroll

Financial Reporting

EDI*

Bar Code Reading*

EDSS (Executive Decision Support System)*

*San Jose Only

Accounting software includes:

1. Point of sale - cash register scanning

2. Inventory - goods, raw materials, finished products

3. Time - billable hours

4. General ledger - accounts

5. Accounts payable - amount company owes

6. Accounts receivable - amount customer owes

7. Billing - invoices in response to purchase orders

8. Collections - tracks overdue bills

9. Expense - employee business-related expenses

10. Payroll - salary & wages; payroll taxes & deductions

Current Situation Regarding F & A Systems:

San Jose has a license for a fully integrated Windows based ERP manufacturing, distribution and financial management software application specifically designed for plastics processors and process and assembly manufacturers. The license does

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