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Are you the perfect fit for a small business accountant?

Are you the perfect fit for a small business accountant?

For Accountants
Do you have what SMEs look for in an accountant?  Congratulations, if your answer is yes. But, if you feel that you still need to work up on certain attributes to be a small business accountant, you can begin by examining what financial skills SMEs demand. Most businesses generally need an accountant who is professionally competent, trustworthy, and ethical. Over and above these attributes, you need to possess specific qualifications that suit the nature of SMEs in particular. ACCA Global, a professional accounting body which members span across the globe, identified what small businesses require in accountants.  To make sure you can match their requirements, you can check out the list of attributes provided to meet each of their demands. SMEs expect that accountants assist business owners or managers in…
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Review of the Best Accounting Software in the Philippines

Review of the Best Accounting Software in the Philippines

For Accountants, For SMEs
What makes the best accounting software?Choosing the best accounting software that creates business solutions and yet is affordable and easy to use is the key to a successful business enterprise. The best Philippine Accounting Software is easy to understand and apply for a small business accounting system that delivers "automated entries, invoicing, bill payments, expenses reports, financial reports, and reconciliations, not to mention performing advanced tasks, built-in financial reports and data syncing with the point of sale systems and bank accounts." It makes business transactions convenient and time- and cost-saving. An accounting system software provides:reporting and analytics that are easy for owners, managers or investors to understand in coming up with best options in making business decisions or in forecasting business directionsgeneral accounting feature that involves accounts receivable, accounts payable,…
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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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What Everybody Ought To Know About Technology And Accounting

What Everybody Ought To Know About Technology And Accounting

For Accountants, For SMEs
These days technology plays a part in even our simplest tasks, be it being woken up by an alarm, paying bills online or even just talking to someone. So, it is not surprising that technology and accounting are linked. In fact, Huffington Post says technology plays a significant role in the way we do business, including the local accounting practice.  With technology comes change, and there has been a noticeably big difference in the way balancing books and verifying ledgers are done in today’s day and age.  With the emergence of different software systems to support various accounting tasks--from filing invoices, making sure balances are in check, payroll, preparing sales forecasts, internal auditing, and government tax filing--it has clearly become easier for accountants to complete their jobs with accuracy and…
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Free Accounting Software: Which is Best for You

Free Accounting Software: Which is Best for You

For Accountants, For SMEs
A lot goes into setting up a new business, and this can be pretty overwhelming, especially for someone who is going into this for the first time.Where to start?  How to begin?  Among the many things that need to be carefully planned is how to effectively utilize the startup money.There is certainly no room for error in this area, and it is important to stretch the budget as much as one can.  So it is crucial to know which ones you need to spend on and which ones you can afford to scrimp on without compromising the quality.If there are things you can get for free, take it.  These days there are many available resources that you can get at no cost at all, a free accounting software is one…
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5 Simple Steps that will Increase Business Productivity

5 Simple Steps that will Increase Business Productivity

Business Tips, For Accountants, For SMEs
Let’s face it. In today’s ever-changing environment, ever-growing consumer demands and expectations, and technological advances, competition in business is fierce. Difficult as it is, however, the intelligent entrepreneur knows that to increase business productivity spells a great difference for any business. Even big enterprises have learned how important it is to continually be productive in every aspect of the business. What does business productivity mean? Being productive does not mean your employees have to break their backs producing the products or services you offer. Nowadays, productivity means increasing efficiency in all areas of work.  Productivity means continuous involvement and engagement.  For the businessman, this means finding the right tools to make work more efficient.  Thus, a huge part of that productivity involves work management. Five steps to increase business productivity…
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Mahirap ba talaga accounting systems?

Mahirap ba talaga accounting systems?

For Accountants, For SMEs
When one mentions accounting system, listeners automatically think it’s complicated. Hence, for many starting or existing small and medium enterprises, naghahanap sila ng mas madaling gamitin. At ano pa nga ba ang mas dadali sa spreadsheet AKA Excel? Excel seems to be equivalent to easy accounting system, but, sad to say... It's not as simple as we thought it was. The limitations of Excel As your business grows, there are some things Excel functions won’t be able to do.  Chron outlines three limitations in accounting; we’re including two: The syntax is challenging to master. The more numbers you need, the more formulas you have to create. Ibig sabihin, kelangan mo i-memorize ang iba’t ibang syntax para lumabas ang results na gusto mo. The thing is… Minsan sa sobrang dami, malilito…
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