Accounting Information System Proposal for Homeowners' Association - Research Paper Example

One such area that firms have often sought to digitalize has been financial system in use by such organizations so as to accommodate all system’s functionality in relation to the generation of services by the system.Homeowners Association, for not wanting to be left behind in its operations, has sought to change or upgrade its financial system so as to accommodate the entrance of other new associations to it, and the introduction of such new accounting software. As such, the writing of this report is mandated by the need to analyze the process of system automation that can be used by the organization in accommodating the new clients.

The task at hand it to outline the current system’s problems, analyze the requirements for the new system, determine the efficacy of outsourcing, outline the selection procedure to be used, and introduce the challenges to be experienced in the automation procedure.The demand to build a new accounting system in any organization is often accompanied by the notion that such a system would bring change to the operations of the company given that an accounting system helps in the processing and communication of appropriate information to users to be used in making informed decisions.

Often, this notion is driven by the desire to automate the tasks performed by an organization among them the payment of bills, processing of the salaries of employees, generation of itemized bills for customers, and the collection of deposited payments by clients. Certain times, the desire for a change in the system is often driven by the need to extend or enhance the current manual system in use by an organization to a more automated kind of system (Boczko, 2007).More and more frequently, the need to change the system of an organization is often defined by the desire of the management to attain aspects that had not been attained before in its operations.