Jarrod Automotive,owned and operated by Jarrod Johnson,began business in September of the current year.Jarrod,a mechanic,had no experience with recording business transactions.As a result,Jarrod entered all of September's transactions directly into the ledger accounts.When he tried to locate a particular entry he found it confusing and time consuming.He has hired you to improve his accounting procedures.The accounts in his General Ledger follow:
Definitions:
SCM
Supply Chain Management; it involves the management of the flow of goods and services.
ERP
Enterprise Resource Planning is software utilized by companies for the daily management of business operations including accounting, procurement, project management, and manufacturing.
TPS
Transaction Processing System, a type of information system that collects, stores, modifies and retrieves the data transactions of an enterprise.
CRM
Customer Relationship Management, a technology for managing a company's interactions and relationships with current and potential customers.
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