Cost Accounting - Terms of Reference for the Hiring of a Consulting for the Acquisition... Tender

Procurement Summary

Country : Honduras

Summary : Cost Accounting - Terms of Reference for the Hiring of a Consulting for the Acquisition and Implementation of an Accounting System for the National Commission for the Development of E ...

Deadline : 17 Jun 2025

Other Information

Notice Type : Tender

TOT Ref.No.: 119413094

Document Ref. No. : CM-CONEANFO-UAF-003-2025

Financier : Self Financed

Purchaser Ownership : Public

Tender Value : Refer Document

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COST ACCOUNTING - Terms of reference for the hiring of a consulting for the acquisition and implementation of an accounting system for the National Commission for the Development of Non -Formal Alternative Education (CONEANFO) I. JUSTIFICATION FOR THE PURCHASE OF AN ACCOUNTING SYSTEMConeanfo has experienced significant growth, during the last decade, being in an increasingly competitive and regulated environment, effective financial management is essential for the success and sustainability of any organization. The adoption of an accounting system offers aKey benefits series that justify their investment, both for small and large organizations. Next, some important considerations for the purchase of an accounting system are described: precision and reduction of errors: the manual handling of accounting can lead to errorshumans, which result in inaccurate financial reports and/or difficulties with regulatory authorities. An accounting system automates calculations and processes, minimizing the risk of errors and ensuring that financial data is precise and reliable. Operational efficiency: the processesTraditional accountants can be slow and laborious. Therefore, with an accounting system, tasks such as bank reconciliation, the issuance of vouchers and the generation of financial reports are carried out quickly and efficiently; This allows accounting personnel to concentrate onActivida ...
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