Specialty Toys, Inc. sells a variety of new and innovative childrens toys. The business has experienced substantial growth in the last 3 years. The business currently uses a manual accounting system which is mainly prepared in Excel. To support the growth of the business and information needs the management is contemplating implementing an accounting information system.

You are hired as a business consultant to oversee the process of implementing a successful accounting information system.

Requirements:

Part 1: Prepare a report to the management advising on the below points

1. Identify and compare any 2-accounting software/information systems that are available in the market for small to medium-scale businesses.

2. Discuss the software and hardware required to implement the accounting information system.

3. Evaluate the costs, benefits and issues of implementing the accounting information system.

4. Provide your own recommendation of the accounting software that the business should implement.