Best accounting software singapore

How can you Identify the Accounting Software is Computerized

How can you Identify the Accounting Software is Computerized

How can you Identify the Accounting Software is Computerized

Computerized accounting system

Speed – data entry onto the computer with its formatted screens and built-in databases of customers and supplier details and stock records can be carried out far more quickly than any manual processing.

Automatic document production – fast and accurate invoices, credit notes, purchase orders, printing statements and payroll accounting software documents are all done automatically.

Accuracy – there is less room for errors as only one accounting entry is needed for each transaction rather than two (or three) for a manual system.

Up-to-date information – the accounting software records are automatically updated and so account balances (e.g. customer accounts) will always be up-to-date.

Availability of information – the data is instantly available and can be made available to different users in different locations at the same time.

Management information – reports can be produced which will help management monitor and control the business, for example the aged debtors analysis will show which customer accounts are overdue, trial balance, trading and profit and loss account and balance sheet.

GST/VAT return – the automatic creation of figures for the regular GST/VAT returns.

Legibility ­– the onscreen and printed data should always be legible and so will avoid errors caused by poor figures.

Efficiency – better use is made of resources and time; cash flow should improve through better debt collection and Payroll Accounting inventory Software control.

Staff motivation – the system will require staff to be trained to use new skills, which can make them feel more motivated.  Further to this with many ‘off-the-shelf’ packages like MYOB accounting software the training can be outsourced and thus making a particular staff member less critical of business operations.

Cost savings – computerized accounting software programs reduce staff time doing accounts and reduce audit expenses as records are neat, up-to-date and accurate.

Reduce frustration – management can be on top of their accounts and thus reduce stress levels associated with what is not known.

The ability to deal in multiple currencies easily – many computerized accounting packages now allow a business to trade in multiple currencies with ease.  Problems associated with exchange rate changes are minimized.

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Uses of Accpac Accounting Software – Best Accounting Software in Singapore

Uses of Accpac Accounting Software – Best Accounting Software in Singapore

Uses of Accpac Accounting Software – Best Accounting Software in  Singapore

Accounting software is a very helpful tool to assist businesses in complying with their taz obligations. With effect from 1 July 2009, IRAS will partner Infocomm Development Authority of Singapore (IDA) to provide a subsidy scheme to encourage SMEs which are registered for Goods and Services Tax (GST), to use accounting software that are compliant with IRAS e-Tax Guide: Guide on Accounting Software for Software Developers. Such software product/packages are listed in the IRAS’ Accounting Software Register.

To help you in your search for the right solution, we have divided the market into segments as follows. Please click on Industry Solutions to the right to see if we have included products that fit your specific industry better. If not, of if you have a fantastic solution we have not included here, please let us know.

High Mid-Market candidates have more demanding transaction and reporting needs and therefore scale very well. These accounting software solutions typically support more functionality and a broader range of reporting.

The underlying database is more robust, and therefore, Singapore Accounitng software  products are more scalable and able to take the business to its next level. Mid-Market had very different competitors, have enhanced their database capabilities and added features and functions that were only found in much larger applications before. Today, you can feel comfortable selecting a product as a small business that will scale with you easily as you grow.

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How to Improve your Business with the Help of Myob Accounting Software

How To Improve Your Business With The Help Of Myob Accounting Software

How to Improve your Business with the Help of Myob Accounting Software

MYOB is a computerised accounting software  package that gives you the ability to handle your business finances like a professional. The benefits are many and once you use the program correctly you should start reaping them immediately. Additionally, using this (or another) computerised system can help you cut the cost of bookkeeping or accounting outsourcing fees.

1) Faster input: Manual entries can be more time consuming. This is especially so when you have to be creating headings or labels as you go alone. As a matter of fact, manual systems can require multiple entries per transaction and are likely to be more complex. The more complex the system the more time it will take.

2) Greater cost cutting: A computerised accounting software package like MYOB offers up-to-date, accurate and easy to access financial information. This means that audit and accounting expenses will be much less than they are likely to be with a complex manual system that only you can readily understand.

3) Makes GST filing easier: Having all the information compiled makes running any report you need easy. Plus, programs like MYOB accounting software automatically create the figures you will need to file a normal GST return. This saves you from having to sift through multiple sheets attempting to extract details.

4) Quick access to management information:  The state of your business finances is important because it will help you plan for the future as well as make wise decisions in the present. This means that being able to study things like your business’ cash flow, sales records and order invoices is important as well. Using a program like MYOB accounting software  makes generating reports and invoices easy, so you do not waste time extracting and sifting through data in order to run reports.

5) Improved accuracy: Having less areas to fill in means you are less likely to make errors that can cost you time and money. This is so because these types of software often require just one figure for each transaction. This makes it easier to keep track of the task as well as to double check entries.

The list of benefits to a program such as MYOB accounting software is far longer, but the main point is clear. These programs save you time and money, make your work easier, as well as help you to be more efficient. Luckily, a bookkeeper can help you get started on structuring your company finances and can show you how to maintain the order you achieve through your computerised accounting program.

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Favours of Accounting Software using in Small Business

Favours of Accounting Software using in Small Business

Favours of Accounting Software using in Small Business

The Accounting software is used by more than five million users around the world to streamline time tracking and invoicing. The vendor has recently updated the product to allow easy collaboration between team members and has added a redesigned dashboard where you can prioritize tasks and manage payments. The classic features have not changed and Singapore Accounting software continues to offer top rate invoice-to-payment functionalities, including direct payment gateways, overdue payment reminders, delay fees, and payment claims. You can use the system to collect payments easily and automate the recurring billing process to accept Google Checkouts, Amex, PayPal, and credit card payments.

We are able to see to your company operation and advise on which brand or functions suits you the most. Government grant are available too.  You can get 60% cash payout under PIC scheme should you buy our range of accounting software claimable via Productivity and Innovation Scheme (subject to approval terms apply).

Singapore Accounting software has not neglected any utility and companies can use it to manage invoices as well as expenses. You can easily generate insightful tax summaries and reports after the data is processed. The vendor also offers a handy mobile app, the system seamlessly integrates with other business apps, and you can rely on the support of knowledgeable and experienced agents if you have any issues. The pricing is affordable for almost any budget and the vendor offers a convenient 30-day free trial to enable you to test drive the features before you plunk down your money.

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Important Factors Should Know About MYOB Accounting Software

Important Factors Should Know About MYOB Accounting Software

Important Factors Should Know About MYOB Accounting Software

Expense reporting and auditing

The people who study this sort of thing (the financial advisory firm, Stout Risius Ross, in this case) say that fraudulent expense reimbursement costs business over $1B annually. Yikes.

An Myob Accounting Software  based expense management reporting system can help defeat this type of expense management fraud in a couple of key ways. First, mobile-device based Accounting Software client software can allow for policies that require real-time capture of receipts and other expense documentation. Adding this layer of transparency can dissuade potential fraud attempts. Second, auditing expense reports is a critical step in detecting and preventing fraud. Accounting Software  increases the ease and depth with which audits can be conducted, allowing auditors to easily search expense documents for particular transaction details.

 Business card recognition

Anyone who has ever attended a conference or trade show knows the pain of entering all those new contacts into a CRM or contact management system.

A capable Accounting Software  business card recognition app can eliminate this pain point, while helping to make you the first to follow up with all those new contacts.

Optical character recognition software often struggles with assigning semantic meaning to data—especially when the data originates in previously unseen 3rd party documents. This challenge is much easier to overcome in the case of business cards, though. The reason is that the possible range of semantic meanings from business cards is so much more limited than other types of business documentation.

Because of the easy time saving provided by  Accounting Software recognition, apps that support it are becoming increasingly common.

 Preserving meeting notes

You know you’re studiously taking notes on their unique requirements, but for all your client knows, you’re text messaging co-workers an invitation to meet later for happy hour. Using a stylus to hand write notes or simply relying on good old pen and paper solves that problem—but you lose the search-ability of your notes. Accounting Software  apps for handwriting provide a solution.

Recognizing characters in handwritten notes is considerably more complex than standard printed text. In fact, it’s even garnered its own term: Accounting Software software providers still tend to talk about the accuracy of their technology in more glowing terms than customers do, but the end users are starting to come around.

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