Implementing accounting tools for a start-up importing company in Finland

The object of this product based thesis is to plan and implement accounting tools for a start-up company which meet the internal requirements of the company. Along with the tools a user guide will also be created for the commissioning company. \n\nThe commissioning company for this thesis is Heritage Wines Finland which is a privately owned start-up wine importing company founded in November 2014 but it was not yet operating at the time this was written. The commissioning company does not have any ac-counting methods or tools implemented, their accounting experience is low and due to the costs involved with a start-up company they are trying to cut down costs. The commissioning company would like to get some form of customizable accounting practices in place with low cost and user friendly manner. \n\nThe theoretical framework of this thesis is divided into four sections; Financial accounting, management accounting, taxes and duties and project management. The financial accounting section provides a brief overview of the purpose of financial accounting and and focuses mainly on the financial statements including the balance sheet, income statement and cash flow statement. The management accounting section provides and a brief overview of management accounting practices including budgeting, breakeven calculations and specific cost methods. The taxes and duties section covers the types of importation taxes and duties. The project management section covers the project lifecycle and how to manage project by using the 4D model.\n\nThe project can be defined as a successful project since the objectives set at the beginning of the project were met, the scope remained as defined initially and the project was completed on schedule due to careful planning. Also the commissioning company was happy for the results and will use them in their operations.