Expedite your Point-of-Sale Systems with Oojeema

Expedite your Point-of-Sale Systems with Oojeema

For SMEs
What are point-of-sale systems?Point-of-sale systems (POS) are great tools in recording your retail transactions quickly. At the point of sale, the POS calculates the total amount due and generates the receipt for the customer. Basically, it handles the bulk of the daily operations of the store. At the end of the day, reports can be generated to see how much sales was made and how much inventory was moved.Problems faced by storesEach day, retail stores need to move quickly to make as much sales as possible, and the point-of-sale systems help a great deal in this area. But making a profit does not end there. An accounting of all transactions during the day should also be accounted for. Was there emergency buying done? How much did it cost? How was it paid for?…
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How can your small business benefit from cloud accounting?

How can your small business benefit from cloud accounting?

For SMEs
Let’s agree:Your business, an SME, is the backbone of any economy. Without you, a country’s GDP will definitely suffer.But did you know that jumping into the cloud accounting bandwagon will help you contribute more to the country’s revenue? This is because, through online accounting systems, you can increase your enterprise’s efficiency and thus improve cash flow and give way to business expansion--resulting in more SMEs or bigger businesses.More specifically, here are some ways cloud accounting benefits you.Real-time visibility of financial statusCloud-based accounting software lets you see your company’s financial health in real-time. That is if you or your accountant religiously updates your financial transactions.With this information at hand, you can make informed decisions to steer your business to where it should be headed.It’s unlike the traditional method of accounting or…
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Cloud vs. Desktop Accounting: Which is Better?

Cloud vs. Desktop Accounting: Which is Better?

Business Tips, For Accountants
Still haven’t decided between cloud-based accounting software and the online one?Here’s a simplified comparison we made just for you that we hope can help make up your mind. SecurityWe know that one of the main concerns you have about accounting software is its security. “Isn’t cloud-based more susceptible to malware, virus, and unauthorized access AKA hacking?” you ask.Bellingham Wallace Accounting says that’s a myth. Both are still secure, with the online accounting gaining a bit of the upper hand here. Cloud-based systems’ data are stored in secure dedicated servers, which are protected by enterprise-level security systems. And because it is “in the cloud,” it is safe from physical threats (e.g. anything that can damage your computer).On the other hand, offline or on-premise accounting systems are protected by your local security…
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What is smishing and what can you do about it?

What is smishing and what can you do about it?

For Accountants, For SMEs
As the song goes, Christmas “is the most wonderful time of the year.” Unfortunately, it’s also the time when our security--offline or online--are at a higher risk.While we can’t tell you exactly how you can protect yourself from offline thieves and scammers, we can share what we know about the latest modus the digital crooks have and what you can do about it.Let’s start off with smishing.What is smishing?Cute as it may sound, smishing is a risky tool online thieves have been using for some time. In fact, the Philippine National Police (PNP) has an article dedicated to it warning us of its possible consequences.Smishing is a combination of phishing and SMS.So if you know phishing, smishing is the same thing except that it’s done via text messages. It may…
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How to Attract and Retain the Next Generation of Accountants

How to Attract and Retain the Next Generation of Accountants

Business Tips
The latest board exam result for accountants has just been released and many of you are probably eyeing for the crème de la crème you can hire for your firm while making sure the current pool you have stays. But do you know how to attract more so retain them? In a previous article we published, we discussed some of the traits of this new generation AKA the millennials, and how employers can manage them. Here we are sharing tips specific to accounting firms. Adapt to new technologies and trends We all agree that technology is unstoppable. We’re left with no choice but to embrace it. That doesn’t mean, though, that we have to replace our human resource with robots. Instead, what we can do is automate the simple repetitive…
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Here’s Why You Have To Ditch Your Spreadsheet Now

Here’s Why You Have To Ditch Your Spreadsheet Now

For Accountants
Can you think of any business that didn’t rely on spreadsheets as they start up?We’d bet you can’t. You see, spreadsheets have become so integral to every business that it’s the basis of a lot of financially related software we use these days.In accounting, we all agree that spreadsheets are way much easier to use than the traditional accounting methods our ancestors taught us.But it’s been almost four decades since the first spreadsheet, VisiCalc, was introduced to us, and don’t you think it’s time to put it to rest?Here are the five reasons we haveSpreadsheets can be complexThere’s no undermining a spreadsheet’s power when it comes to tracking sales, purchases, inventories, and whatnot. In fact, if we know just the right commands and formulas, we can turn the simple spreadsheet…
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Why 15 minutes is all you need to prepare BIR forms with Oojeema

Why 15 minutes is all you need to prepare BIR forms with Oojeema

For Accountants
  Let’s admit: Preparing BIR forms is one of the most daunting tasks in accounting and bookkeeping. It’s boring, painstaking, and eats up a lot of your time you could have spent on something else. This is especially true for those who are still using the traditional method AKA the spreadsheet. Let’s take the form 2550Q as an example. We all know that the second part of this form houses output taxes for different revenues. There’s the VATable sales, sales to government, zero rated sales, and so on. As you can probably see, going through each of these boxes, even with the help of spreadsheet takes a lot of time. Oojeema helps save you time by automatically computing output taxes as you go. Here’s a short video of how easy…
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How to simplify BIR reports preparation with Oojeema

How to simplify BIR reports preparation with Oojeema

For Accountants
Do you waste countless hours computing taxes and encoding them on BIR’s portal? It’s not a very nice feeling, is it? Oojeema understands your frustration; thus, it offers you with a system that will simplify most, if not all, of your accounting processes starting with BIR reports preparation. How so? BIR forms in a jiffy First, preparing BIR forms 0605, 2550M, 2550Q, 2551M, 2551Q, 1601E, and 1604E is quick and easy. As you add sales and purchase transactions, these forms are automatically updated without having to log in to another website to manually sync your data. With others, you have to log in on to one website, connect your account from the other website, and sync your data. For every transaction you make on the other website, you have to…
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3 Reasons Why Oojeema is the Best Small Business Accounting Software

3 Reasons Why Oojeema is the Best Small Business Accounting Software

For Accountants, For SMEs
Accounting and technology are, without a doubt, inseparable these days. Hence, it’s no longer a question of whether to get accounting software; rather, it’s about which accounting software to get.With the plethora of options in the market today, how do you know what will work best?Business News Daily identifies the following considerations, especially for small businesses:CostUsabilityFeaturesNow let’s see how Oojeema is a perfect fit for each of the items above.CostCompared to the most popular accounting software out there or even to the small business accounting software everyone’s talking about on social media, Oojeema is the most affordable.For only PhP800 a month, excluding VAT, it’s almost 50% less than its competitors. Even if you include VAT to its price, it is still way more affordable than others with the same features.UsabilityBeing…
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Will technology replace accountants?

Will technology replace accountants?

For Accountants
With all the advancements in technology burgeoning these days, particularly the accounting software for the accounting industry, we can’t help but ask, “Will technology replace accountants?” Will there ever come a time when businesses would no longer need a bookkeeper or an accountant’s help and rely solely on technology? We’d like to believe that’s never going to happen. At least not anytime soon. Bernard Marr of Forbes agrees. He says, “Robots are NOT going to replace all human accountants or bookkeepers.” Instead, he encourages bookkeepers and accountants to work with the machines so they can do more in less time. How then can we make technology work for us? Hubdoc suggests managing and evaluating your accounting workflow. For sure, there are processes you do every day or on a regular…
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Oojeema Updates [as of Aug. 30, 2018]

Oojeema Updates [as of Aug. 30, 2018]

Uncategorized
We are committed to making your accounting life as simplified as possible; hence, we perpetually add new features and fix bugs to get to our goals.So for today's update, here's the list of our new features:Sales and Service InvoicesYou now have the option to create either a sales invoice for goods or a service invoice for services. These options are found in the Sales tab by clicking the drop-down Create New Invoice button.OR/CRIn relation to the new types of invoice, you may now manually add OR or CR numbers to the invoice you make upon receiving payments.Audit TrailYou may now review who made the changes. To see the report, go to Reports tab then look for the Audit Trail section at the bottom.Bug FixesCertain bugs have also been fixed.As always,…
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