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PART 3 Written report While processing the February transactions for the business in MYUB, you identied a number of outdated practices, and manual processes which
PART 3 Written report While processing the February transactions for the business in MYUB, you identied a number of outdated practices, and manual processes which could be automated by adopting new work processes, and by implementing a cloud accounting package with suitable integrations or apps. As a result, you transitioned from MYDB to Hero in March. You have been asked to compile a report {not exceeding 1,0012) words} for the business owner, detailing at least ve work process improvements which mayr be implemented as a part of the switch from MYDB desktop software to the Xero cloud platform. You will need to analyse and critically evaluate the effectiveness of the MYDB desktop software application from a business perspective; and then contrast it against the procedures in itero. Your report should contrast the effectiveness of the MYGE desktop software and manual processes adopted in February, against the more automated procedures available in cloud accounting solutions such as item. Your report should detail improvements in efciency in five of the following areas: I Sale and purchase processing I Payment and receipt processing I Reconciliation and internal control functions I Fixed asset management I Human resource management I Customer relationship management I Management reporting I BAS re porting
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