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T 30 pm Case study: Houait Pty Ltd You have recenliy been appointed as the business manager of I-louait Pty Ltd haying heenastore manager for the past threeyears. Houtit Pty Ltd is a 15 store retail chain located in Brisbane. l-loutit is the leading homewares retailer, catering to the growing need for furnishing new and renovated dwellngs in the greater Brisbane area. The assortment on offer of bathroom fittings bedroom ttings. mirrors and decorative Items together with the recentlyI added lighting llrtures has positioned Houaltasa leader In homewares retelling In nustralla. Houeit hasgrown user the out ve years from a sinela store tothr cumnr chain. Houtit arias-s itself on superior aim salts rm which has bun an im- mson for the continued arc-run in salts and cormspondinn protincruses. today Houti't amploysm 150 start-l. Huuzit Pty Ltd isa proprietary limited company {MIN 34 T55 234412: registered with the Australian Securities and Investment Commission. The registered address is with Houzit's solicitorsltanp Lawyers. 535 Queen Street. Brisbane. 121D IlDDD} and the principle place of business Is EDS Boundary Street Spring Hill Brisbane all) dDDEt. Cornputer software requirement The current accounting information system has not adequately provided sufficlent analysis of reyenue and eapendlture and has made It difcult to malne Informed estimates of future prots. istlmates have relied on the rgut feel'of the errperlenoed traders on the board and ofthe senior managers. The board sees Ihe need to apply more analysis to past results that they believe oould he done with the Introduction of state-ofthe-art computer software. Huuait Pty Ltd wants to upgradethei existing accounting systern which will manage the company accounts more efciently in the long run. They remest that thenew system you recommend to them to becurnpiiant with all legislative and statutory requirements for small to medium businesses. None oft-Iouait's products are GET free however the amounting information system records the GET coilected as well as the input tau: credits earned onthepurchases of stock and assets. These amounts are reported and paid in accordance with the business activity statement tans: schedule determined by the nustralian Tax Ofce. They-have mo fultirneand 5d part-time staff, but only in ofthe staff will have orneed 3:055. to the nancial system. Some staff are paid on a sala'y sacrifice arrangement that attracts frlrge benefits tax. The staff with access to the Financial system want software thatis a single purchase with no ongoing license lees. anda plan to keep uslngif for the nest 35 yearsrwhlle the organisation continues to grow. They are anticipating that within fhre years theyI will have over 250 full-time stalf. and at least 20 staffwili require access to the nancial system bythen. The payroll system deducts withholding tart from the enuloyees and remits this along with the rrn's payasyoru go {PAYGI instalment each quarter as reported on the rm's business actiyity statement. Income tax return for the company and itsannual statement is completed hytheflrrn's acoountant. Tastes and fees due are paid bythe due dates. Financial records are lcept at Houtit's principle plaoeof business. Hoozit have just upgraded their computers and haye litre neonI desktop PB which will he used by the I'hatce staff. They are current {for 2011] specification machines with i5 CPUs and lot: can each, and a1| have thows T Professional and naturism installed with this prulrssional version of Microsoll Ofce Small Business as well. other staff will use their machines at yarious times. so it is immrtant that the saltware requires a login to access data aan that data stored by the software cannot be accessed in any other way. Manage finances ESBFIMGDII Innovation and sauslness Industry- Sltilll. Enuncil Ltd. 1" Edition Version 1.. 2015 Page'rol ill