Accounting System - Why?

Computerized Environment

• Inconsistency with GAAP (Generally Accepted Accounting Principles)
• Incorrect and/or incomplete recording of transactions in the accounting system.

Need of Integrated Accounting System

• No historical data available and lack of

1. Reconciliation between stock and accounting records
2. Segregation of duties between functions
3. Physical or electronic access to customs

• Complex management system with complex structured offers possibilities 

1. to cover-up illegal transactions
2. Breaching the audit-ability

Integrated Accounting System - Accounting Solution

Develop interface between customs clearance and accounting software to avoid typing errors;

• Allow cross checks of information

Implement an Enterprise Resource Planning (ERP);

• Develop training and prepare instructions for the use of the software;