Effectiveness of financial and accounting software in a business’s performance

Abstract

This report is based on the review of “Effectiveness of Financial and Accounting Software in a Business’s Performance " that has been done after completing 3 months of internship at “Gramshop Limited”. This research focuses on the Financial and Accounting Software activities of “Gramshop Limited”. “Gramshop Limited” is a new company in the market solution farm. As a new industry, they are continuously growing. In order to grow more, they need market development. They are facing barriers internally and externally. Some of them are low prices of competitors, lack of customer relations, export rules and regulations, internal conflicts, loss of organizational leaders, department incoordination, etc. During my internship time at “Gramshop Limited” I have done many kinds of work. Most of my duties focused on assisting the accounts manager. It helped me to gain knowledge about “Gramshop Limited”. The absence of financial and accounting software in a business’s overall performance. All of the hypotheses proved to be positive. This research paper successfully proved that efficiency, reliability, ease of use and accuracy can be ensured through financial and accounting software for a business. Analysis part of this report proved that all the hypothesis is true. I hope Gramshop will implement all of the recommendations that I have provided to make their business smoother.