3 Reasons Oojeema Is a Better Option than Ledger and Journal

3 Reasons Oojeema Is a Better Option than Ledger and Journal

For Accountants
We all agree that our beloved ledger and journal have gone a long way to make sure our finances are in check. However, we are also aware of the limitations this method has in terms of accounting. For starters, it’s a challenge to search for old records or any record for that matter. Second, there’s no backup. If these records are lost, most probably they’re lost forever. Last, they are not secure. Anyone who has access to them can tamper the data (read: Teleserye eksena).For these reasons, we highly recommend digital and online accounting systems. But, we also know that modern systems seem to be intimidating, especially for those who are not very much familiar with the current technology.This is the exact reason we created Oojeema. Why switch to Oojeema?Oojeema…
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Technology in Small Businesses: How To Make It Work For You

Technology in Small Businesses: How To Make It Work For You

For SMEs
Let’s take a step back and check just how much technology has changed the lives of regular people. From ride-hailing to instant messaging, a whole lot of work can be done through countless apps available on web and mobile.In today's evolving world, the importance of technology in small businesses is being emphasized more and more each day. Keeping up to date with the digital world is required for any business, especially those that are just starting to take off.Technology is a powerful tool that can propel a team to greatness; any company would do well to use this knowledge. To help out with that, we’ve noted down the 5 benefits that a team gets when they take advantage of modern technology.Instant CommunicationThey say teamwork makes the dream work - and…
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3 Excellent Reasons Technology Improves Accounting

3 Excellent Reasons Technology Improves Accounting

For Accountants
There are piles and piles of accounting books and ledgers that you have to go over. You have to check invoices, file receipts, and make computations and the day is almost over.Is there a way to make everything more efficient and your life simpler?It's a good thing there is, and it's called technology. In this day and age of the World Wide Web and advanced computers, there is also technology that can cater to your accounting needs.There are many new technological advances that improve and even revolutionize accounting. From cloud computing to social media, the role of technology is to make bookkeeping processes simpler and your life hassle-free.3 excellent and practical roles of technology in accounting1.  AccuracyYou've been working all afternoon looking at numbers and performing computations. Hour after hour,…
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Crunch it: A glimpse into the world of financial statements

Crunch it: A glimpse into the world of financial statements

For Accountants, For SMEs
Among all the industries, I can say that accounting can easily count as one of the backbones of society. Why? This is because businesses, big and small, and even the government have some kinds of accounting system in place. According to LinkedIn’s special report on Philippine's workforce, individuals who crunch numbers for a living are quite in demand. The report only goes to show that the field of accounting, like medicine, science, and technology, is fundamental in helping society function properly. The accounting practice in the Philippines Did you know that the system of accounting in the Philippines can be traced back to our ancestors when we exchanged goods and services with the Chinese, Indians, and Malays? During this time, “accounting” was a simple matter of hands exchanging cash. Eventually,…
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Top Tricks To Promote Your Startup For Free

Top Tricks To Promote Your Startup For Free

For SMEs
When a product is nearing its completion, start-ups begin to map out their next moves. It's necessary for the business to build a loyal user base - it's time to start marketing! While bigger corporations tend to outsource marketing to specialized companies, most start-ups don't have the finances to do the same. Thankfully, in today's highly digital era, there are a lot of ways for a smaller company to gain traction. Startup teams need to manage what resources they have to effectively promote their products and services. A lot of start-ups may not be so savvy when it comes to marketing, but there's no need to fret. Here are five surefire ways to get your company noticed! Tips to promote your small/startup business for free Stick with the Classics Email…
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Do you know the top challenges for accounting firms?

Do you know the top challenges for accounting firms?

For Accountants
Of course, accounting firms, like all other businesses, are confronted with challenges.  However, to solve any problem, you need to be able to define specifically what the problem is before you can find out how to deal with them. To help you with identifying these problems, let us look into the top business challenges for accounting firms. Top challenges for accounting firms The first challenge is attracting and developing new business.   Research reveals that 70% recognize this as the primary challenge for accounting firms. Finding new clients appear to be an increasing concern for firms in the industry as international competition mounts. So as not to be hampered by such obstacles, you should be able to set objectives which will allow your accounting firm to grow organically. Another challenge…
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Accounting and Startups: How To Prevent Chaos

Accounting and Startups: How To Prevent Chaos

For SMEs
It's no secret that more and more startup companies are cropping up these days, catering to a wide range of industries. These startups all share the same dream: to build a product that makes people's lives better - with a bonus of gaining some profit! However, as with all new businesses, challenges arise as the start-up pioneers build their corporation. Since some teams come from a purely technical background, one major challenge is the financial aspect of running their company. To help out, we've listed the top 5 accounting issues for start-up businesses - and how to prevent the team from being thrown into financial chaos. Accounting issues and their solutions Accounting as an Afterthought The first thing that startups should know is that accounting must be integrated into the…
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Technology, Agility, Accountability and the Other Challenges Facing Accountants Today

Technology, Agility, Accountability and the Other Challenges Facing Accountants Today

For Accountants
Role of accountants in the pastAccountants like ourselves are in a different position than where we were about ten years ago. Back then, we worked within the confines of our own world that was full of numbers.We calculated figures, made financial forecasts, checked the incoming revenues versus outgoing expenditures, and overall, we had to be sure that the company’s bottom line was safe.It was our job to tell our bosses and managers that this department was making money, or that the company overall had to cut down on unnecessary costs if it was to enter a healthy fiscal year.And then back we went to our respective cubicles, jotting down figures and numbers, and keeping the company’s most confidential data under tight lock and key, in a manner of speaking.Role of…
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Oojeema: The Headache-free Accounting

Oojeema: The Headache-free Accounting

For Accountants, For SMEs
Bookkeeping is never an easy task. There are several chores you have to accomplish mostly on a daily basis. There’s the billing for goods, recording receipts from customers, verifying invoices, and many others. Whether you are a private practitioner or a part of an accounting firm, the process of recording and tracking financial records for your client is indeed a feat. The problem with manual accounting Keeping track of the company’s finances through the traditional ledgers or the semi-modern spreadsheets has been the practice of many businesses. While this practice can do the job alright, it has several downsides. Below are some examples. Lost documents. No matter how meticulous we are in keeping receipts, invoices, and other necessary documents, there comes an unfortunate time when at least one of these…
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Millennials in the workplace: how it affects the accounting system

Millennials in the workplace: how it affects the accounting system

For SMEs
The millennials are those born between 1981 to 1997 and are considered the largest generation in the United States workforce today. They create a huge impact on how business and workplaces are managed today. Since they reach millions, the millennials in the workplace are subjects of study to fully understand their common traits, characteristics, behaviors, and attitudes toward work. How they are managed matters a lot in today’s workplaces. Traits of millennials Special They have always been treated as special and important. When they achieve something, they want to be praised and be given positive feedback. Sheltered They grew conscious about safety measures. Confident They are motivated, goal-oriented, and confident in themselves and the future. They see themselves to be great and they brag about their generation's power and potential. They are…
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