Thursday, January 3, 2019
Inkwell Accounting Department Essay
The Accounting segment1. Inkwell has a sm whole finance squad. The accountancy department is based in the head office of the lodge, which is located in Birmingham. There are 8 peck in the finance team. Each ingredient of the team has their own computer. The team has rile to the internet using Firefox and two printers coordinated to each computer.2. Inkwell has unrivalled pecuniary Director, anil Gupta. indigotins briny job is to manage the overall pecuniary position of the business, ensuring capital investments and corporate dodge is properly dealt with. He has delegated the running of the accounts department to the gild accountant.3. Inkwell has superstar company accountant, Michael OPayne who has been in charge of some monetary affairs before Anil Gupta joined the company. The others in the financial team tell to him.4. The team consists of one accounts technician, one common Ledger and Inventory work, one Accounts Payable Clerk, one Accounts due Clerk, one Co sting Technician and one Payroll and strength Database clerk.5. The accounting department contain a close relationship with the shop staff. The briny mode of communication is through email and phone calls, occasionally a member from the team will pay them an unexpected visit.The Accounting Department- Key Internal Stakeholders1. Anil Gupta, Financial Director, has the overall tariff for all finance, statutory and accounting procedures and trunks. He produces yearly reports and statutory accounts. Alongside this he deals with financial issues such as banking and also legal issues, such as contacts. Anil has 30% of the companys shares when joined the directors in 2008.2. Michael OPayne, the Company Accountant, has been in the company since the set up of the company. His main duties accommodate running the day to day business of the accounts department. He also produces monthly precaution accounts and approves payments to suppliers. After observing the company on that point is a low level of focus between him and Anil. However, Michael still needs to report to Anil, if he likes it or not.3. Alex Fox, accounting technician, has the responsibility of making authentic the accounting system is reviewed and recommend changes, along with other forge play. She has to report to both Anil and Michael, yet works more closely to Michael.4. Michelle Labelle, General Ledger and Inventory Clerk, has the duties of maintaining the companys cash book and keeping domination on the companys inventory. This requires Michelle to keep in close communication with the blood managers. She too reports to Michael.5. Liana Khan, Accounts payable Clerk, has the responsibility of immersion all the suppliers invoices and recognition notes on to the accounting system. She also has to ensure payments are consistent to suppliers. Liana also reports to Michael, her Father in Law.6. Greg Morris, Accounts Receivable Clerk, has the duties of inputting all data received by customer s, as well as credit control duties. These duties include sending off monthly statements to customer, working out discounts and chasing customers who engage not paid in the season given.7. Alan Cook, Costing Technician, has the responsibility of operating the approach system. This means Alan has to work closely with the sales director in order to travel by market prices. Alan uses Quickcost software to do his work and has been doing it for since the company started. He also monitors the cost and profitability of each cartridge on a monthly bases and advises management rough variance targets.8. Sharon Ward, Payroll and Personnel Clerk is responsible for the running of the payroll, both hebdomadally and monthly and also to make sure the personnel database is always up to date. Sharon uses wise Payroll systems to process all her statutory forms.