SUBJECT: Internal Accounting System
The internal accounting system will have a number of objectives to achieve. These objectives will fall broadly into two categories. That is, it will aim to achieve long term objectives as well as short term objectives. A short term objective that the system will achieve is the timely completion of routine tasks in accounting. Such tasks consist of preparation of payroll for the company, billing customers and maintaining records of account receivables and account payables. The system will also play a role in preparation of departmental budgets on a monthly basis.
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