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QuickBooks Singapore

QuickBooks Singapore is managed by Intuit Singapore. QuickBooks Online Singapore (“QBO Singapore”) an IRAS approved accounting software.

It is a cloud accounting and bookkeeping software that enables business owners and managers to work on the integrated accounting processes even when they are on the go, keep tabs on current and upcoming tasks, and share information on a real time basis.

In every business, accounting processes form a core part of business management. However, QuickBooks is not just an accounting software in Singapore, it has all the modules required and integrated to run a business efficiently, for example, the invoice processing (which will be translated to your sales revenue), inventory management accounting, time clock (suitable for businesses who charge customer based on time). It can even help you with your job costing.

As opposed to housing the accounting processes in-house, QuickBooks Online Singapore stores the critical data on the cloud. This makes it secure, shareable and easily accessible. This also means that QuickBooks system requirements are not as extensive – you just need an internet connection and one of the supported internet browsers in order to access the solution in Singapore.

How QuickBooks Online Can Benefit Your Organization

When starting a business, only a few simple tools are required to keep the systems running. But once the initial leap happens and orders starts rolling, processes become more complex and intimidating.

It is at such stage that you need to invest in the right tools to help integrate the various processes and make business transactions easy to handle. One such tool that can give your business a great boost is the QuickBooks Online.

The best thing about this software solution is that there is a QuickBooks free trial available, which means you can get to try out all the cool features before committing yourself the paid subscription.

How Ascend Edge And Partners Can Help You With QuickBooks

We provide the complete end-to-end solution so that you benefit the most when using QuickBooks for your business

• Pre-Purchase Consultation
• Complimentary QuickBooks Online Demonstration
• Implementation That Caters To Client’s Needs
• Training and Tutorial – Learn and Master QuickBooks
• After-Sales Support

1) Pre-Purchase Consultation

Ascend Edge Pte Ltd‘s Quickbooks consultants, who are Quickbooks certified ProAdvisors in Singapore, will have a better understanding of your business needs and requirements.

They will assess and review, to ensure that this business software is the solution that suit your business needs. Thereafter, they will recommend you the license type suitable for your business. The consultants can also help you to sign up for the QuickBooks free trial.

As Ascend Edge is one of the certified PoAdvisors, you can buy the license through us.

2) Complimentary QuickBooks Online Demonstration

During the pre-purchase consultation, we will also have a complimentary demonstration, to give you a high level overall understanding of how the solution can address your business needs.

This demo is also to enable you to make an informed decision.

3) Implementation That Caters To Client’s Needs

The QuickBook experts will assist you with your QBO configuration implementation, after gathering all the necessary requirements from you.

As a Quickbooks contractor, we will also ensure that the implementation and configuration of QBO is in accordance to client’s accounting needs, subject to QBO’s standard features and functions.

4) Training and Tutorial – Learn and Master QuickBooks

After system is ready, the Quickbooks ProAdvisor will conduct a training with you and your team-members in Singapore. You will have a walk-through session on QBO navigation that is specific to your business.

With the QuickBooks Online training, you will learn how to use QuickBooks online in a structure manner, and in accordance to your business needs.

For those who are already using QuickBooks Online, but would like to have a refresher course or have a better understanding on the latest features, we do offer QuickBooks training classes to cater to this group of users.

During the lessons, you will know all the “QuickBooks how to” , to better help you manage your business in Singapore. Such classes are also suitable for new staff joiner, who needs to be trained on how to use the system to better perform their roles.

5) After-Sales Support

We provide you with the QuickBooks Support that you require. We also offer additional ProAdvisor support (onsite or remote support) if you require.

It is imperative to find a Quickbooks Singapore Contact to assist you with the above, to find a Quickbooks ProAdvisor.

Contact Us (click here) now to ask about using QuickBooks today!

How Does QuickBooks Online work – Key Features Which Can Benefit You And Your Business

Here is how this web based software can be useful to business owners, including small businesses and self employed) and charity organizations.

1. Updated Data on Real Time Basis Anytime and Anywhere – Enhanced Collaboration among team members , More Efficient Workflow Process

With QuickBooks Online data stored in cloud, you never have to worry about carrying out manual updates any time new information is fed into your accounting system or whenever changes are made on existing data.

Whether its changes in the invoicing, expense processing, billing and inventory management, you will always be assured of having the most up to date information even when you are on remote access, including the financials of your Company, anytime and anywhere.

If you own more than one business, you can even have multiple companies tagged under one QBO account, so that you can easily switch between companies, without the need to log in and out multiple times.

In addition, this online software backs up the data automatically for you. Hence, with QuickBooks cloud hosting, you are always assured that you have the latest version of data on hand.

In this way, you are able to have a more meaningful discussion and action plans among your team members, as you are looking at the same updated information.

2. Secure and Reliable Security features and Automatic Software Updates – Data is Secured and Backed up automatically, Software is Kept Current

QuickBooks Online has the encryption technology to keep your date safe. In addition, the automatic software updates keep your current software up to date.

You are assured that your software is updated and protected from potential vulnerabilities like software bugs.

3. Generate QuickBook Reports on a Single Click – Provide Greater Insight of Company’s Financial Performance, enabling Better Business Decision Making

You surely would not want to spend all day generating reports while you could do the same on a single click. QuickBooks Online allows you to generate Balance Sheet, Profit & Loss, Inventory Debtors Aging and a host of other reports (including GST reports in Singapore) in just a single click.

With a scorecard at hand, you will know your cashflow and financials, can easily gauge where your business stands. This allows better and more strategic business decision making, which is very beneficial for business growth and sustainability.

These reports are also critical for you to compile and do up the necessary financial reports, required for yearly filing to ACRA and tax submission to IRAS. The reports also include GST related reports, which are relevant to those GST registered Companies.

4. QuickBooks Online Mobile Allows Creation of Invoices on the Go and Capture of Receipts – Improves Collection Cycle and Saves Time

This QuickBooks Online App, which is simply found in the App Store allows you to create and send invoices on the go.

It also allows you to capture the receipts which helps you better manage your expense on the go. This saves your considerable amount of time and resources, which you can channel to better use, to focus on business growth strategies.

5. Control Access Configured per User

This feature enables you to dictate who access what level of data in your organization. This is especially important for critical information such as business revenue, expenses, and financial reports.

You can even grant certain user read-only access only, to avoid your data being manipulated.

6. QuickBooks Online Integration – Allows Single Point of Entry – Time Saving due to Reducing Duplicated Work

With the ability to add-on to other applications, you can integrate your other systems to this feature-packed cloud solution.

For example, if you can have Quickbooks Online with Payroll (also managed by Intuit) to help you manage payroll process in an integrated manner with your financials. You may also consider other QuickBooks Online add-ons like online ecommerce store or POS (Point of Sale).

The reduction of duplicated work from having to key in the same entry twice in different systems saves a considerable amount of time. It also ensures that you have a consolidated and updated knowledge of your Company’s finances (e.g. outstanding Debtors’ balance, sales revenue and most importantly your stock level).

7. Always-On Activity Log and Audit Trail features – Accountability in every record made in the system

These two features ensure that you are aware of every record made in the system, including any changes made to the record. This gives you assurance that your records are kept proper and accurate.

To summarize all, QuickBooks Online is the right tool for all types of businesses, including contractors and non-profits that are seeking to make their accounting processes aligned to their growing stature, greater collaborations and better customer services.

Remember that you can sign up for the QuickBooks online trial first to check out the awesome features first free of charge.

Quickbooks Online Singapore Comparison – Products and Cost

QBO Singapore currently has three different license types, to tailor to different business needs. The choice of license type depends on the features that you require for your business.

“Simple Start”

For example, if you only need to have one user access as you are a sole proprietor or are self employed, do not need to manage supplier bills and payments and all your transactions are made in Singapore Dollars only (Single Currency), you may opt for “Simple Start”. That is provided that you are fine with the features not found in this product, e.g. less reports available and no inventory module.

“Quickbooks Online Essentials”

As compared to “Simple Start”, “Quickbooks Online Essentials” allows multi user (3 user access), has more reports available and is able to handle multiple currencies. The multi user mode is relevant if you require have more than one user who needs to access the system. The users can access and update the system concurrently as well.

The most commonly asked question is “How Much Is QuickBooks”?

The pricing differs depends on the license type. You may check the latest Quickbooks Online Pricing via their official website. Intuit Singapore does offer QuickBooks discount for the first twelve months for “Essentials” and “Plus” license. There are occasions when greater discount is offered for a limited period of time.

How QuickBooks Online Software Can Benefit The self-employed As Well

If you are a freelancer or an independent contractor, keeping your business expenditure can be a humongous task. After all, you have don’t have a lot of resources and man power to carry out the tasks.

Fortunately, after learning the features of QuickBook, especially the mobile feature, you will know that QuickBooks Online offers you the solution to keep everything neat.

How Non-profit Entities Can Benefit From QuickBooks Online As Well

The fact that nonprofits have a different portfolio to individual contractors means they require different accounting functionalities as well. Here are four ways QuickBooks Online takes care of non-profits:

i) Track funds
In a nonprofit, the key part of the accounting processes is keeping tabs on the receivables and the expenses. QuickBooks Online employs “class” tracking to categorize whichever is done in your organization. This does not only make accounting processes simple but also helps stay compliant.

ii) Recurring bills

The application helps you make a schedule on when to send out invoices and receipts to your donors. This ensures you don’t miss an invoice and ruin existing relationships with donors.

iii) Sending out donation letters

QuickBooks Online Statements will help your non-profit organization send out donation summaries to stake holders at the end of operating duration- commonly at the end of the year.

iv) Online collaboration

The fact that you will be travelling a lot meeting donors and stake holders means you will be working away from your station quite often. The secure collaboration feature will enable you to securely collaborate with your team even when working from different locations.