Riordan Manufacturing
Essay Preview: Riordan Manufacturing
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Riordan Manufacturing has three operating entitiesGeorgia, Michigan and California…plus a joint venture in the Peoples Republic of China. Basically, the operating entities each have their own Finance & Accounting Systems and they provide input that is consolidated at Corporate…San Jose. The basic components of each system are as follows:
General Ledger
Accounts Payable
Accounts Receivable
Order Entry
Procurement
Sales and Purchasing History
Invoicing and Shipping
Payroll
Financial Reporting
EDI*
Bar Code Reading*
EDSS (Executive Decision Support System)*
*San Jose Only
Accounting software includes:
Point of sale – cash register scanning
Inventory – goods, raw materials, finished products
Time – billable hours
General ledger – accounts
Accounts payable – amount company owes
Accounts receivable – amount customer owes
Billing – invoices in response to purchase orders
Collections – tracks overdue bills
Expense – employee business-related expenses
Payroll – salary & wages; payroll taxes & deductions
Current Situation Regarding F & A Systems:
San Jose has a license for a fully integrated Windows based ERP manufacturing, distribution and financial management software application specifically designed for plastics processors and process and assembly manufacturers. The license does