Case Name :      Aztek Chocolate Studio: Accounting System Software

Authors :           Derrick Neufeld

Source :             Ivey Publishing

Case ID :            W14038

Discipline :        Entrepreneurship

Case Length :    04 pages

Solution Sample availability : YES

Plagiarism : NO (100% Original work)

In late 2013, the founder of Aztek Chocolate, a candy manufacturer, in Winnipeg, Manitoba, is confronted with making an accounting system selection decision. He has two traditional options – outsourcing to an accounting or bookkeeping firm versus using an internally developed spreadsheet or commercial software package – as well as a third “hybrid” option – using an accounting cloud, or Software-as-a-Service, service provider. Sales are starting to flow in, and chocolates are shipping out, but he realizes he must now attend to setting up financial control and reporting systems before he loses control of the new firm’s financial performance. Should he hire an accountant, manage the finances himself with a commercial accounting software package or use an accounting cloud service provider?