Reference no: EM133186007

Question 1. What role, in what has QBO explored so far, do you like the most? Let's try to discuss the different features.

Question 2- Recently, you started working in a gardening company. As you become familiar with your QBO accounting system, you will notice that one of your friends is a contractor for the company where you work.

So you remember how this guy used to brag about how he sends bogus bills to the companies he hires for and now you're worried he'll do the same to the new company. What would you do in this situation?

* QBO = QuickBooks Online

Question 3- This information is to solve the 4 stages;

"His family has owned and operated a lawn care business for many years. They were recently approached by a family friend who wants to invest in the business and help it grow by opening new branches. The family friend is concerned that the company's accounting system is outdated and considers that the processes should be more computerized.

You offered to help with this transition and investigate what kind of computerized accounting system or workflow might make sense for the company.

They are currently looking to use QuickBooks Online, but know there are other alternatives as well.

Based on this information, you have decided to divide this project into 4 stages and in an effort to keep everyone on the same page, you will be circulating several memos and presenting your final conclusions to your family friend and company in a few weeks. "

Stage 1: Describe to the company the first choice of accounting software reviewed, QuickBooks Online. You think it will be useful to them, but you want to understand in more detail what this accounting software offers. In your note, you'll state the pros and cons of using QuickBooks Online. Stay focused on the features, pros and cons of QuickBooks Online, but don't explore other alternative options yet, as that has been designated in the Stage

Stage 2:  Explain to the company your findings after reviewing online accounting software other than QuickBooks online. It will discuss what this other software can offer, as well as the prices of these options.

Stage 3: Explain in a memo to the company that you will discuss one of your main concerns, related to the implementation of new accounting software: Internal Controls. Discuss the various changes in business operations that must be made when moving from a manual accounting system to a computerized accounting system. Consider what current processes might need to change or if there are new opportunities for fraud to occur given this change.

Stage 4: You will present your findings to the family friend who wanted to invest in the company. In his presentation, he will review his QuickBooks Online research and alternative options for company accounting software.