Accounting Information System

You plan to open a small business and want to establish an accounting information system (AIS) to help
you in day-to-day operations.
In a 3–4 page paper:
Describe the business you want to open, the types of products you will sell, operational activities,
whether you will operate a traditional store or online.
Explain two accounting software selection options, describing clearly which functions would help you be
more successful in your operations.
Explain two areas in which new IT and AIS would help you achieve your business goals (such as sales,
costs, efficiency, audit, turnover, and so on).
Use three sources to support your writing. Choose sources that are credible, relevant, and appropriate.
Cite each source listed on your source slide at least one time within your assignment.

Accounting Information System

The Business Description

The company will offer essential oils products. A major part of the goal is to provide customers with organic, chemical-free, and natural skincare options. Because the products of the company are unique and unique, it is likely to grow. Jonathan states they have health advantages from essential oils that don’t stop with their pleasing scent (2021). Their benefits are on their capacity to slow the aging process as well as their antioxidants, which keep skin healthy. Additionally, products that are free of chemicals are safe, non-toxic and efficient. The market that is targeted for these essential oils is mostly women between 25 to 45. 

The business’ future growth strategies and operations include buying and selling essential oils growing demand through strategic partnerships and reducing products and services that are not profitable. The company will also keep track of its most popular products’ sales to focus its marketing efforts more effectively. Furthermore, the business will improve client relations to manage its clients and stay in line with competitors nearby. Because of the modern technology of the internet, businesses will operate an online store in order to sell its products. Accounting Software Selection Options Spreadsheet solutions, like Microsoft Excel, Google Sheets or OpenOffice can assist small businesses with their accounting requirements. Businesses can easily alter the spreadsheet it uses to meet its basic requirements for bookkeeping.

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