Accounting Billing Software

Why Your Business Needs An Accounting and Billing Software?

Accounting and billing software is what every Singapore company needs, be it a new start-up business, small firm or a firm that has been in business for years.  Because most business owners do not understand proper accounting methods and often use software they cannot understand, they often find themselves in a situation they cannot get out of.

In fact, statistics show that poor financial management is the number one reason that many businesses fail, as the business owners are not able to account for the reasons behind their financial situation or client sales.

Understanding budgets, accounts receivable and payable, depreciation, journal entries, profit and loss statements and many more, may leave you feeling lost and unsure what to do next. Hence it is important to buy a billing software for accountants and business owners.

Purchase of automated accounting and billing software is the norm for most Singapore business owners today.  It allows for efficiency and speed and eliminates the need for extensive accounting knowledge. In addition, the automated invoice processing software saves the business owners a lot of time generating recurring invoices.

Many accounting and billing software provide you with the ability to carry out all keeping of financial records functions within the software, such as invoicing customers, accepting customer payments, paying vendors, paying employees, bank reconciliation, provide accounting reports to your bank or accountant, and much more.

Hence, this helps you better manage your business and meets your tax obligation, if your software chosen is an IRAS accounting software.  In addition, the increased free time due to the automation of certain functions gives you more time to focus on your core business function, hence increasing sales and profitability.

Advantages of using accounting and billing software for your business in Singapore

• Speed and Accuracy – with the prebuilt screens that computerized accounting software provide, data entry can be completed quickly and there is less room for error. Since most software only need one entry per transaction, there is less chance for error.
• Automated Entries –allow you to set up recurring billing and hence recurring entries, lists of your products and services, and much more. This eliminates forgotten invoices or incorrectly billed services.
• Real Time Data – by keeping all of your accounting and billing information in one place, your customer accounts, vendor accounts and bank accounts are current and up-to-date all the time. This allows the business owner to make real time decisions that affect the daily business operations.
• Reporting – by utilizing the software, you have a host of reports available, which you are able to download or view online at the click of a button. You can even email the reports.  With everything from customer statements and balances to vendor analysis, and cash flow statements to budgets, you are sure to have the correct information when needed.
• Efficiency and Cost Effective – not only will using this simple billing software increase staff efficiency, but it will also help improve cash flow as you can get your invoices out faster and give you better control over inventory and debt collection. The cost of this software will more than pay for itself with just these factors alone.

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If you currently do not own a computerized accounting system or have been thinking about purchasing software, you should seriously consider doing so right away.

With the many options available to you today, you are sure to find a solution to meet your specific professional business needs.

Our Solutions

a) Our off-the-shelf program

i) One popular accounting and billing software option in Singapore is QuickBooks Online, with affordable monthly fee.  It  is easy to use and the mobile app version allows you to do business anytime and anywhere, saving you time.

With the secure backup, you need not worry about the manual backup, making this a cost effective solution for you.  In addition, there is no need for you to pay additional fee for updates or upgrades, as it is already included in the monthly fee.

ii) Another solution is MYOB, which offers all the advantages listed above, is extremely user friendly and it runs on an computer, Windows and Mac, and caters to business of all sizes (from startups to established companies).

MYOB Premier Plus offers Powerful Accounting and Billing Features. The software caters to Multi Currency-Transactions, Multi-Users, Time-Based & Tracking and Payroll.

b) Customised Solutions

If we assess that your business needs a tailored solution, you will receive leading edge Accounting and Billing Features from our customised solution in Singapore.

We will have a detailed discussion (no obligations) to discuss your current inventory tracking process and recommend solutions to address your company’s needs.

CHECK out The 5 benefits you will gain when you purchase from us!