It is worth knowing that 90 percent of local SMEs using computer in their everyday work such as generating quotation or generating invoices and also cash flow of your company. But does all this works without any computerise accounting software? Answer is 100 percent No. Technology is the trend now and everything must be generated using computer software era now and without it shows the folly of ignoring computerise accounting software on the part of SMEs.
Modern customers are technology-savvy. Therefore they are more likely to work with suppliers whom uses computerised accounting software to generate invoices or statement account for them to view their statement owing to you. A business that invest in good computerise accounting software will benefit by building trust and engaging customers with a powerful computerise accounting software Singapore as a better image for them.
Other reasons for the importance of computerised accounting software includes:
Knowing that your supplier uses computerised accounting software to generate invoices to bill to you instantly is a most important trust building between you and your clients. They trust the speed reliability that you are able to generate their billing for their accounts department and also stock status of their items with your company shows how fast your response is to them.
Minimize Incorrect Entry
Even the smallest difference can make a huge difference if accumulates and without noticing it might cause the whole accounts financial reporting to be in a huge mess. At the end, you’ll find yourself starting right from the start to trace all your manual accounting entries. You would not like to be in such a huge mess! However, there are lots of accounting software to choose from and you need to choose a right one by narrowing down accounting software features which best fit your company work flow and operation such as if it’s has the reporting that you required and others.
Better Manage Clients Payment Performance
With everything is well taken care by a computerised accounting software which can take over your much time spend on manually computation of daily transactions profits and hand written billing such as quotations and invoices. Image once you key in invoices and it will instantly print out statement of account of your existing clients payment owing to you which will better keep track of your clients payment performance, instead of keeping track of your clients payment performance using paper and pen. So why not try out Sage_Ubs accounting software which can performance such task for you?
Translate To More Accurate Accounting Reporting
A time will come whereby you are not using computerised accounting software and you record your sales as $1000 instead of only $100. This will incur a more tax during your year end. Another example would be a purchase billing of $10,000 is given to you and your accidentally record as a $1,000 and that would be a tax evasion which is not legal and would incur questioning by tax department. How troublesome it is without a computerised accounting software. A good computerised accounting software is a must to have for any business operation and to submit to Singapore IRAS reporting for year end company tax computation.