Inkwell Accounting Department Essay

The Accounting subdivision1. inkwell has a small finance team. The bill department is based in the head role of the company, which is located in Birmingham. There are 8 people in the finance team. Each ingredient of the team has their own computer. The team has access to the internet using Firefox and two printers integrated to to each one computer.2. inkwell has one Financial Director, indigotin Gupta. Anils main job is to manage the overall monetary position of the business, ensuring capital investments and corporate strategy is properly dealt with. He has delegated the running of the accounts department to the company accountant.3. Inkwell has one company accountant, Michael OPayne who has been in charge of most financial affairs before Anil Gupta joined the company. The others in the financial team report to him.4. The team consists of one accounts technician, one General book of account and Inventory salesclerk, one Accounts Payable Clerk, one Accounts Receivable Clerk, one Costing Technician and one Payroll and force- place Database clerk.5. The story department keep a finis relationship with the shop staff. The main mode of communication is through email and phone calls, occasionally a member from the team will pay them an unforeseen visit.The Accounting Department- Key Internal Stakeholders1. Anil Gupta, Financial Director, has the overall business for all finance, efficacious and accounting procedures and systems. He produces annual reports and statutory accounts. Alongside this he deals with financial issues such as banking and also legal issues, such as contacts. Anil has 30% of the companys shares when joined the directors in 2008.2. Michael OPayne, the troupe Accountant, has been in the company since the set up of the company. His main duties include running the day to day business of the accounts department. He also produces monthly management accounts and approves payments to suppliers. After observing the company there is a mil d level of tension between him and Anil. However, Michael still needs to report to Anil, if he likes it or not.3. Alex Fox, accounting technician, has the function of making sure the accounting system is reviewed and recommend changes, along with other project work. She has to report to twain Anil and Michael, however works more closely to Michael.4. Michelle Labelle, General Ledger and Inventory Clerk, has the duties of maintaining the companys cash book and keeping control on the companys inventory. This requires Michelle to keep in close communication with the store managers. She too reports to Michael.5. Liana Khan, Accounts payable Clerk, has the responsibility of entering all the suppliers invoices and credit notes on to the accounting system. She also has to ensure payments are arranged to suppliers. Liana also reports to Michael, her Father in Law.6. Greg Morris, Accounts Receivable Clerk, has the duties of inputting all information received by customers, as well as credi t control duties. These duties include sending out monthly statements to customer, working out discounts and chasing customers who have not paid in the time given.7. Alan Cook, Costing Technician, has the responsibility of operating the costing system. This means Alan has to work closely with the Sales director in order to pull ahead market prices. Alan uses Quickcost software to do his work and has been doing it for since the company started. He also monitors the cost and profitability of each cartridge on a monthly bases and advises management about variance targets.8. Sharon Ward, Payroll and Personnel Clerk is responsible for the running of the payroll, both Weekly and monthly and also to make sure the personnel database is everlastingly up to date. Sharon uses Sage Payroll systems to process all her statutory forms.