Riordan Manufacturing
Essay by 24 • November 29, 2010 • 388 Words (2 Pages) • 1,829 Views
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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