While processing the transactions for the business for May on MYOB AccountRight 2018.3 , you identified a number of outdated practices, and manual processes which could be automated by adopting new work processes, and by implementing a cloud accounting package with suitable integrations or apps. You have been asked to compile a report (not exceeding 1,200 words) for the business owner, detailing:

At least five work process improvements which should be implemented.

An alternative cloud-based accounting software system to replace the dated MYOB AccountRight 2018.3.

You will need to analyse and critically evaluate the effectiveness of the MYOB AccountRight desktop software application from a business perspective; and then make a recommendation for an alternative, cloud Accounting system based on your evaluation (explain the reasons for your choice and provide justification for your decision). Your report should contrast the effectiveness of the MYOB desktop software and manual processes adopted in Part A against alternative, more automated procedures, and an available alternative cloud accounting solution in the marketplace. Your report could detail potential improvements in efficiency in the following areas:

Sale and purchase processing

Payment and receipt processing

Reconciliation and internal control functions

Inventory management Fixed asset management

Human resource management

Customer relationship management

Management reporting

BAS reporting