Accounting Assignment | Custom Assignment Help
Subway now requires all of its franchisees to submit their weekly gross sales and stock experiences electronically utilizing new point-of-sale (POS) touch-screen money registers. With the brand new POS registers, clerks use a contact display screen to punch within the quantity and kind of things purchased. Franchisees can rapidly reconfigure costs and merchandise to match new promotions. Not solely is that this POS methodology sooner than utilizing the outdated money registers, but it surely additionally permits franchisees to view each transaction because it happens—from their very own again workplace computer systems and even from dwelling. Additionally, particular person POS terminals throughout the restaurant are linked, so franchisees are in a position to see consolidated knowledge rapidly.
The transition to digital reporting and networked POS terminals, nevertheless, has not been with out bumps, as Stan can testify. About six months earlier than the deadline for all Subway franchisees to “go digital,” Stan attended a heated assembly on the subject at his native chapter of the North American Affiliation of Subway Franchisees (NAASF). The NAASF is an unbiased group of franchisees that serves as an advisory council on Subway insurance policies and problems with widespread concern. Everybody appeared to be speaking without delay. “I simply don’t belief these machines. What am I purported to do when the system crashes?” complained one man. “Yeah, and I don’t like the thought of a bunch of children realizing extra about easy methods to run the software program than I do,” mentioned one older franchisee. “Don’t be so fast to imagine that our sandwich artists will love POS,” mentioned one girl. “I overheard one among my staff say to a different, ‘POS means Peeking Over Shoulders.’ These younger children we rent have extra motive to be resistant than we do!” “I’ll say they do!” rejoined Jay Harden, the president of Stan’s native NAASF. “Worker theft is likely one of the largest issues we face as franchisees. I, for one, actually welcome the money management we get with POS.” Stan needed to agree with Jay. Coaching employees to report each sale and report it accurately is a crucial part of a money enterprise akin to Subway. In Stan’s view, the POS machines would solely make that coaching simpler. Money management is constructed into the brand new system, which additionally offers the homeowners with info that can assist them spot issues – akin to worker theft – and monitor traits. In fact, thought Stan, the chore of counting down the money on the finish of a shift remained. It doesn't matter what sort of pc program you put in, money nonetheless have to be counted down and rectified with the register tape on the finish of every shift. Because the voices rang louder round him, Stan considered what had occurred that day when Ellen closed out her money register drawer. He had spent hours determining a discrepancy between the money within the drawer and the register tape. Ellen had forgotten to void a mistaken entry for $99.99. Stan had first suspected that she had made an enormous error in counting change. Pondering of errors in counting introduced him again to the subject of the assembly. Stan raised his hand to talk. “One factor that considerations me is the potential for accounting errors. I nonetheless must key in knowledge from the POS terminals into my Peachtree accounting software program. Each time I've to reenter knowledge, the potential for error multiplies.” “That exhibits good foresight, Stan,” mentioned Jay Harden. “We’re truly exploring pc applications that can feed the info instantly from the POS terminals into our accounting applications.” Even a few of the technophobes and POS skeptics within the group needed to agree that it might be an incredible thought. Query: Resistance to vary isn't just about lack of potential or ability, however these are necessary. Create a listing of things on the coronary heart of resistance to vary and, out of your private expertise however concentrating on Stan, prioritize them. For every merchandise in your record, counsel to Stan how he may make sure the adoption of the POS terminal will accomplish these key accounting and enterprise objectives.Get accounting project homework assist