Case Study: ALPS Creation Pte Ltd

ALPS Creation Pte Ltd is the holding company for the Annabel Law Productions brand.

This company is specialized in wedding photography, specifically pre-wedding and actual day wedding shoots.

The other services provided are boudoir photography by female photographer, graduation photography and family photography.

ALP Creation came to us needing help with converting from a Limited Liability Partnership (LLP) into a Private Limited Company (Pte Ltd).

LLP was a good choice for a startup business but as businesses grow, there is a need to protect yourself from liability issues and at the same time incorporating for the future.

The main concerns was the growing business with the growth of the team, which also complicates the whole process of accounting for the finances

The other reason was also making sure payments were made and monitored.

The team is currently 7 man (woman actually) and without a proper system in place for chasing of payment, payments could be missed because the number of jobs can be really hard to keep track.

There are a few reasons why this company chose Xero Accounting Software as their leading accounting software choice and also why they decided to use K Cloud Accounting as their choice accounting firm. We will now share a few of this reasons and walk you through how K Cloud Accounting can assist you as an entrepreneur to grow your business and also provide you with insights on how to improve the day to day running of your business.

K Cloud Accounting advised her and her team to make use of Xero to send quotations and invoices through their email system.

Instead of having to generate quotations through an excel spreadsheet and into a pdf format before sending them out to customers, the customer can now receive an email direct from Xero with the quotation presented nicely.

This saves precious time and also reduces possible mistakes since package prices are usually set and the Xero system is able to record packages and issue quotes based off the package the customer chooses.

XERO is also able to remind customers to accept the quotation if customers do not respond within a few days. This keeps the whole quotation and invoicing process very streamlined.

Not forgetting the feature of Xero being online, you could issue quotes and invoices and monitor the business on the go!

We look forward to working with more young entrepreneurs that have problems that will require our help and consultations.

Leaving the tough and tedious parts to us, you as an young entrepreneur can also make time to expand your business and grow your business. We are always keen to assist by the side and helping you achieve your dreams.

How Xero Accounting Software saves you time and money

There are many cloud based accounting software in the market right now. Accounting has over the years really changed a lot from the days when paper and pen was used and also when beads are suppose to mean something in calculation. We have slowly translated to using real books to keep track of numbers of transaction and also who it was transacted with and now we moved on to software on the computer that is based on the hard drive or server. We slowly evolved into online based platform where customers are able to check on accounting details as and when they want to.

Xero Accounting Software is slowly becoming one of the leading software in Singapore because of various reasons that we will like to discuss with our potential customers. We will also like to share how we as Xero Advisors could take advantage of this software to provide high quality accounting services for our customers who require high level of standards when it comes to accounting requirements.

1. Bank Reconciliation done digitally

Any accountant will know that the toughest part of doing bookkeeping is the actual work of doing bank reconciliation. The bank records need to tally with the cheque records and also your invoices and this process is very time consuming. With many bank statement pages, comes way more work to trying to tally every transaction.

Most of your time is spend doing something that can be easily done by technology and this is where Xero Accounting Software Singapore helps to cut down on the actual time needed for accounting and bookkeeping work using the bank reconciliation function it has with the banks in Singapore.

UOB and DBS are currently linked up and OCBC is going to join in soon. We look forward to more banks working with XERO to provide this service for Xero Clients.

2. Ease to invoicing and quotations

Startup founders and young businessman do not like to have to go back to office just to get invoicing done. Most business people are on the move all the time. How best it is to have the invoicing and quotation process done easily with an application.

Xero accounting software is able to assist with such needs through a smart phone application that can be used to issue invoices and quotations on the go.

The application is easy to use and has quite a number of flexibility in allowing you to customize the look and style of the invoice and also to be able to input email address for your customer to easily accept the quote through your emails.

3. Around the clock and around the world access

When you are someone who goes around the world a lot to do business, the easy thing to monitor your business is to have access to this data world wide. How best than to have the information in the cloud. Xero is a cloud based accounting software that you can access from anywhere around the world as long as you have internet access. Go through your web browser for the full accounting software or use the application to do most of the basic accounting work that you need to carry out.

There is also 2FA functions that allow you to have added security when it comes to making sure your accounting data do not get leaked because of a misplaced password.

 


 

K Cloud Accounting is glad to assist you if you require help and training for your Xero accounting software. We are accounting services providers who are keen to work closely with you to deliver high quality work for your company in Singapore.

Contact us to find out more about how we can work together to assist you in your management service requirements.

 

What are some of the advantage of hiring payroll services

What are some of the advantage of hiring payroll services – Hiring payroll services has become quite a common move by businesses in Singapore for the past 5 to 10 years. Gone are the days when you run most of the administration services in your own office. Many business owners have found that it might be more advantageous to outsource portions of the business to cut cost and also to improve the productivity on the dollar they pay for the services to be done up.

Advantages of hiring payroll services cannot be seen up front but there are a few of them that we will like to discuss with you:

Advantage 1: Saves cost by hiring payroll services

Do you have to get an administrative staff right now just to get your payroll work done and that will cost you easily a few thousand dollars for a fresh graduate. The funds can be better spent in marketing and other means of growing the business if you outsource it for probably a fraction of the cost.

The best thing about outsourcing your payroll services is that you reduce monthly overheads and this is one thing that makes or breaks business in their infancy.

Outsourcing the services out helps you to grow and grow better!

Advantage 2: Changes from the government are updated by hiring payroll services providers

Is your payroll staff aware of all the changes that the government announces every year? Some things can be big mistakes if you do not react to them and this is one thing that can go very wrong if you are on the wrong side of the law.

Payroll Services providers will ensure that they are on the ball in knowing what are the changes and therefore work to ensure that you have the most updated information for your submissions.

They are the professionals who stay abreast on the information and thus ensures that all your work is delivered to the highest quality possible.

Advantage 3: Hiring payroll services providers improves your time efficiency

As an entrepreneur, will you rather want to make more income or bother more about administrative work?

If i were you i will choose income and making more of it. Doing sales and branding the company to go a long way should be the main focus of the entrepreneur.

It makes your time more worth while and that means more time with planning and strategy.

 


K Cloud Accounting is one of the leading payroll services providers, if you are keen to find out more, contact us!

 

What are some of the advantage of hiring payroll services

K Cloud Accounting Launches $388 incorporation package

Happy New Year to customer old and new. 2018 was a challenging yet fulfilling year, with the start of K Cloud Accounting, a Subsidiary under Koh Management Pte Ltd, we have managed to gain a foothold in the startup accounting space.

In the year of 2019, K Cloud Accounting will like to take this opportunity to share with our customers that we will be launching a $388 incorporation package that is inclusive of $315 paid to ACRA for registration.

How do you enjoy such a package? You are to join us as a full suite accounting + corporate secretarial + tax package that starts from a very affordable $160 per month.

We are able to do your monthly bookkeeping, give advise on your corporate governance and at the same time worry about your tax submissions for you!

Why you should go ahead with monthly bookkeeping services you may ask?

1. You do not need to worry about losing your documents

The worst thing that can happen is when you lose your supporting documents at the end of the year and is unable to find them. You don’t have documents to attach and that is bad because you might end up not being able to claim expenses on items that might cost quite a bomb. Getting your suppliers to print them out for you again might prove troublesome and this is a bad situation for any business.

Getting them sorted out every month means that you will not need to worry that much and get things done without fearing of losing them

2. You get updated of your business progress every month

You need to know if you are making good progress every month, how best then to get your accounting done monthly. This also means that you will be able to give your investors progress reports that will keep them interested and happy with you every month. The seasoned entrepreneurs might also be able to give advise if they are familiar with accounting documents and help you save a cent or two.

Contact us to find out more about what you can get out of this package now! Incorporation services done fast and affordable! Outsource bookkeeping services today!

Thank you for the good year of 2018 and looking forward to 2019

Thank you to all customers and friends of K Cloud Accounting. 2018 was the actual founding year of this new startup accounting company and we are glad to say that we have went through quite an eventful year to achieve Silver Status within this short period of time.

Our customers trusted us and worked closely with us to get their accounting, corporate secretarial and tax work outsourced to us through our package price.

With the new year coming, we are looking forward to reach the gold status by the end of the year with a much faster growth in customer count and also with it support staff count.

We are targeting to grow our head count by at least 2-3 more to better serve our customers this year.

We will also be coming up with a series of referral packages to encourage our customers to introduce their friends and family to us.

In this coming year, we expect business conditions to be a little tougher than before with rising interest rates in the western world and also the trade war causing things to tighten on the trading front. There are still many opportunities in the technological startup scene as well as fintech scene where Singapore stands to have a strong advantage in.

We work closely with startups from all walks of life and we wish to continue this close partnership with all startups and SMEs alike in Singapore.

K Cloud Accounting will like to thank everyone from all walks of life for helping us in this road to assisting more companies in delivering high quality accounting services and corporate services for the startup world.

Wishing everyone a happy new year and a great 2019 ahead!

Benefits of doing your bookkeeping monthly instead of yearly

Benefits of doing your bookkeeping monthly instead of yearly

Every business needs a few support work done so that they can run their business well and smooth and also be the best to make decisions with especially when you are running a big budget business. There are many things to watch out for and you should be prepared to do more when you are running this business at the most efficient way as possible.

Running a business is tough, running a business without good information to make business decisions is even tougher. Here comes some of the best consultants that you can have in place for your business to grow and also prosper and at the same time be able to grow fast and strong with the help of good consultants able to guide you and give you a good idea of how to go about giving the best for your business and also for the operations of the business.

So what are some of the reasons you may ask that you should do your bookkeeping services in Singapore monthly instead of doing it yearly?

  1. You get data to make decisions monthlyThere’s a business saying that goes about how business decisions are best made with more data on hand and when you are trying to get the best out of your business, you need to be able to use data to your advantage.

    This is the generation of big data and there has been a tough period of time of consolidating and making use of such data for good use. Usages such as planning your staff count to the amount of money to throw into marketing and so forth.

    There is a strong need of using the accounting data that is generated by the business to make a plan of how best to grow the business and also staff count and also where to allocate the marketing dollar to best serve the long term growth of the company.

  2. You lessen the risk of losing documents

    The worse thing that can happen when running a business is when you lose things. Not only your stock or good but also your important documents such as those of the accounting work and documents that you are suppose to file up and keep for 5 years.There is a law by the Singapore government that will require you to keep legal expense claims document for up to 5 years and between this period the government can choose to audit you and check whether you are claiming your expenses properly if you’re not, you are liable to pay the expenses in terms of taxes and also be in for some penalty.

    Find the link here: https://www.iras.gov.sg/irashome/Businesses/Self-Employed/Learning-the-basics/Keeping-Proper-Records-and-Accounts/

  3. You can change your strategy on the go

    When there is data, there is the chance for change. If you only realize that you are losing money at the end of year, you might end up closing shop but if you realize something is not working along the way. You can tweak it as you go and this gives you a strong advantage over your competitors. Strategy planning is not as easy as just saying you want to grow and it will grow. You need to think through how to out smart and out work your customers and also brand yourself in a way that makes you stand out from the rest.

    On the go strategic planning can sometimes make a difference in how people run their businesses and win.

 

 

 

Benefits of doing your bookkeeping monthly instead of yearly

Possible Legal issues faced by Startups in Singapore

Possible Legal issues faced by Startups in Singapore

Possible Legal issues faced by Startups in Singapore – When it comes to setting up a business, you need to know that the legal structure is one of the most important things that you need to take note of. Singapore thrives as a business hub not just because it has a strong financial system but also because it has a strong rule of law in place so that businesses can thrive and do well in this environment.

Contracts in Singapore are highly binding and when it comes to getting into legal trouble with anyone in Singapore, you can be assured that the laws of Singapore will protect you the same way they protect the other party. There will be no such thing as power play in Singapore and this is what makes Singapore one of the best places to trade and get things done and get contracts signed.

Startups are usually run by young or inexperienced persons who have an idea and want to bring it to market. But at the same time are not aware of the possible pitfalls that can come about when they want to get something done up for investors or for getting it out in the market as fast as possible.

Possible Legal issues faced by Startups in Singapore

So what are some of the topics and items that we will like to give advise on when you are getting into contracts and also what to watch out for when you run a startup:

  1. Check what you sign, no matter who the other party is

The worse kind of issues that you can face is when your other party is a close friend or someone that you have known for a long time and end up making you sign something that leaves you with the shorter end of the stick. When it comes to money and power, people can do all kinds of things. This could also mean getting you into a contract that puts you in the disadvantage.

You need to be clear that when it comes to getting contracts done up and signed in Singapore, it holds both of you strongly into this contract and there is no way to say that you signed it under trust that your benefits are protected. Always be clear about what you signed and in this manner you will not get involved in a skewed contract.

Its not tough to read through what you sign and making sure the terms are fair and negotiate with the other party if it is not.

Always remember the saying that goes by, “Better to be safe than to be sorry”

2. Get lawyers or legally trainer persons to draft shareholder contracts

Drafting a contract that is able to cover most of the legal issues involved is not easy. You should always get someone who is legally trained to help you out with such requirements because there are definitely items that most of your shareholders may not have taken note of. There are also clauses which may not stand in the eyes of the law and therefore should be changed.

There is always a reason to get such contracts done up and it can be quite cheap to get this done if you are trying to just get a review of the contract that you have prepared. Most people fear that the contract reviewing will require lots of money and this is not the case.

Shareholder contracts are the most sensitive of contracts and therefore should be treated with the utmost importance when it comes to getting them done up properly and checked by legally trained persons.

KCA is a proud partner of a few law firms and contract drafting organizations, if you require said help, do contact us for a quick contact point with our partners to get your contracts done up!

3. Make sure you get trained persons to help you with Corporate Secretarial work

Most businesses in Singapore do not like to get someone to act as their corporate secretary. There is a common practice that many startups will just put one of their co-founders or their friends to just “act” as their corporate secretary in ACRA documents without realize the importance of such a professional.

Corporate secretaries are key to ensuring the governance of the company is done right and for someone to be able to act as a professional one, there needs to be many years of experience acting as one for other companies or they are trained and gone through many years of studying to get their charter.

Corporate secretaries will ensure that you share transfers are done right and with the proper documents signed and filed up. Appointing of directors are done with proper meetings and also with the necessary paperwork signed by all the relevant stakeholders.

Deadlines such as those of the Annual General Meetings and Annual return will also be abide by properly when you get someone who knows what they are doing to act in this important role.

Corporate secretarial services in Singapore can be affordably packages with accounting services in Singapore if you really do need them, contact KCA to find out more about this.

4. Know how your paid up capital affects your accounts

Most people who have no idea what shares are will confuse that it is just a number that they can declare high to look good. Paid up capitals are important to the bank, the supplier, the landlord and any one who is willing to do business with you. They will be keen to trade with a company that has a decently high paid up because that means this business has the financial capabilities to pay up when there is a need to. This also shows that shareholders have the confidence in the business to sink in so much money.

There are situations where investors may cause issues if you do have a paid up capital in the system that is not really paid up in the accounts and this will mean that you are still owing money to the company which is a bad thing considering that you may not have that amount to be placed in the company in the first place.

You won’t want a good progress in your business be delayed because you are not aware of what is your paid up capital and how it can affect you and this is something that will be around for quite awhile, so make sure you know what you are doing with your paid up capital before you start working on it.


Possible Legal issues faced by Startups in Singapore

K Cloud Accounting is a leading Xero Accounting Singapore Specialist that is keen to work closely with startups to provide startup accounting services at a competitive rate.

Call us to find out more 98638665.

 

Possible Legal issues faced by Startups in Singapore

How cloud based integrated accounting services can help improve your business

How cloud based integrated accounting services can help improve your business

How cloud based integrated accounting services can help improve your business – When it comes to starting up, every single step is tough and takes a lot of hard work to get through to the next stage. As founders ourselves, we have seen the difficulties of starting up first hand and have went through this phase a couple of times. The oh so familiar steps that we go through seems to be many and to name a few:

  1. Funding – Tough to find people who can understand your product and much less put their faith in you
  2. Employees – The first few are the hardest to come by, who wants to work for a company that may not have any prospects the next year
  3. Customers – Starting up means you have no brand and no track record to speak of. Customers do not like to work with those with no experience

This are just to name a few and there are still so many things that you need to worry about. Packaging your product so that you can make it a possible sale, you need to learn to market your product or services, you will also need to make sure while balancing this whole suite of things, you do not go broke. Management is not easy and for anyone who has been part of a business starting up or just simply running a business is not easy without some reports done up for you.


K Cloud Accounting Singapore was founded by someone who has been through some of this and hopes to be your partner along the way to help you go through this tough times together as a partner. We all know that Accounting is important but not sure where and why?

  1. To report to somebody

Whether it is your investors or to the government, this is an important part of running a business. You will have to get it done up to appropriate standards that are acceptable in this time and age where regulation is mostly done to protect those who own the business.

Investors who either come from institution or angels will be keen to be updated on a regular basis, monthly or quarterly so that they are able to guide you along or find out whether they should continue to invest in this business or not. This makes for important investment decisions that can be done at a timely manner and most investors would want this to be done up properly.

Reports can be customized in manners that will be useful for the persons or organizations that you are reporting to, so if you need to do some form of report for your investors and therefore will need more operational details, that can be prepared for them and this will mean less time spent manually picking out relevant data and leaving the hard parts to the system to do it for you.

Financial Reports and Management Reports can be easily pulled out for reporting to ACRA. So you will definitely save time and money and effort in running your business

2. To make management decisions

Many a times, management personnel do not realize the importance of up to date accounting and data. But in this time and age where everything moves so fast and decisions have to be made on the go, the need for monthly data and daily bank information is more important than ever.

Management can identify where it is losing money and plug it sooner than later, they could also figure out what is working and where profits are coming in from and make it run faster and harder for the company. The worse thing that can happen for a business is when you are not aware that something is losing your cash but you are not working on it fast enough and that means we are not able to achieve what we can achieve.

Management decisions can only be made with data that has been turned into proper management information. And this can only be achieve with an accounting partner that is able to achieve this with monthly timely bookkeeping/accounting work done up. When you have good data with good analysis , you get good return on so that when you have a board meeting you can make decisions or plans that will help you to go towards a certain direction of what you think will help the business grow and help the business to prosper and do well. 


The topic speaks of it being cloud based integrated accounting services and we have not really touched on this topic other than explaining the reasons why we need to have good accounting work done up. So the whole idea of a cloud based integrated accounting service comes from the fact that it is the base of the whole flow of management services that can be provided with the use of cloud based software, XERO.

K Cloud Accounting takes advantage of Xero Accounting’s unique features such as:

  1. Bank integration – Banks push bank data into the application so that you get a daily update of your bank balance and also allows for bank reconciliation
  2. Cloud based access + App based access – You can access data through the web or on your smartphone as and when you need it
  3. Monthly subscription – Affordable access to constantly updated software

We take advantage of this 3 features and integrate them together with our processes and also our pricing packages to provide a full suite of services that can help you to improve efficiency.

Cloud based integrated accounting services

Our cloud based integarted accounting services packages start from $150 a month and includes the following:

  1. Accounting Services
  2. Un-Audited Financial Report Compilation
  3. Tax Computation & Submission
  4. Corporate Secretarial Retainers
  5. Annual General Meeting
  6. Annual Return

All included services that a Private Limited (Pte Ltd) company in Singapore will require to report to the government and the best thing is that at this price, the work is done every month so that you do not have to worry when it comes to getting things done up regularly and not having to go through a last minute rush to find out where and how you spend the money that you were planning to report into your accounts. Gone are the days where you have to go to many places to get your work done and you can just have a one stop shop where all the requirements and needs that you have can be found and done from one vendor and that will be us!

The package also means that you split up payment into 12 months installments instead of a one full year plan that means you have to shell out a few thousand dollars when you want to get something done at the end of the year. The package also increases with volume of work which means you only pay for the amount that you will be using for your needs.


We have yet to really discuss the benefits of such an integration of service and software to achieve a great deal of productivity gain. So we have shared that there is bank integration, cloud based access , monthly subscription, integration with payroll services and also our integrated all in one services. Lets look further into this 4 topics right now and we can finally conclude how we can take advantage of:

  1. Bank Integration with major local banks

When we say integration, we see great improvements in how the bank and the accountant can work closely together to provide seamless services for the client that we both are trying to service and give good quality work for.

Major local banks such as UOB, DBS and soon OCBC works closely with the software to push the bank data from the bank into the accounting software platform on a daily basis. This allows for two very important things that can help you and your accountant to improve the efficiency of the business. You can now check on your bank statements as and when you enter the application and at the same time, bank reconciliation can be done with it almost instantaneously. This saves tons of time of both you and your accountant and this means more time to be spend on making more money and also focusing on things that are important for the growth and survival of the business.

2. Cloud based access through website and applications

This is what really makes a big difference when it comes to getting access to information from anywhere and everywhere and also doing so anytime. Gone are the days when you need data and you have to go back to your desk to generate them. Neither do you need to go through your accountant to get a report, whenever your accountant says that the work is done. You can just login and generate the necessary reports yourself without the need to go through so many red tape and also not needing to print which saves you lots of ink and paper.

Cloud based integrated accounting services

The servers are up 24/7 which allows you access anytime and anywhere around the world. The mobile businessman is the one in control all year round and able to make decisions when they need to do it and this is great for anyone who wants to achieve great success but at the same time have a work life balance.

Application access is also one of the key productivity keys with so many people having smart phones as their key source of communication today.

The risk of security lapses are also controlled with the use of 2FA to allow access which prevents hackers from gaining access to your important data.

 

3. Monthly subscription model of payment

Most accounting software will require you to work with paying upfront a few thousand dollars before you could even consider making any form of submission or changes and this cost can be high for a startup that is running low on funds. A three thousand dollar investment can be too heavy and deemed unnecessary. The great thing about the software that we are using and taking advantage of is the simple and easy to use monthly subscription model that will allow easy access and also easy to use system.

This form of subscription also mean that if you do not want to use the software you wont have to think about a costly exit but that of course is not what people have in mind but then again it might a consideration that some business might have.

4. Integration with singapore payroll services software

Our K Cloud Accounting has a collaboration with one of the leading payroll software company in Singapore to be done together with our fully integrated system of all the services together with payroll services. Payroll is tough and with a software that is award winning, it will be much easier to run something with it and to get things done at a faster manner. Most people do not realize that outsourcing all this non core features can mean that you company can grow much faster and better than anyone else.

When all services are integrated through the cloud and also the use of the cloud based software, you are able to achieve more with less time and that is what we want to achieve in the long term.

5. Integration with all other services

We have all 6 required services under one roof and this is what makes our services so good because you do not have to go to many places to get something done but instead get all your work done within a certain location.

Integration through service processes and at the same time information technology upgrades ensure that you as a customer is served to the utmost respect and efficiency and this means great quality work done with the fastest processing speed and with the best ideas in mind for you.


K Cloud Accounting is a leading Xero Partner and Xero Advisor in Singapore. We work closely with startups and partners with many coworking spaces and local firms targeting startups to provide the high quality services that they will demand from their partners in the corporate space.

Our founder is himself a young entrepreneur with lots of ideas and goals and is happy to help those in need with the knowledge he has gain over the years as a founder.

Call us now to speak about the possibilities of a partnership with us and you will be glad you did!

Why Cloud Based Accounting Services is the future

Why Cloud Based Accounting Services is the future

Why Cloud Based Accounting Services is the future – We all know something is the future when it appears. When the MP3 player came about, everyone slowly shifted there because of its convenience and light weight. Same to the digital camera, gone are the days when film needs to be used to produce photos that can stand out and stand the test of time.

Accounting services have come a long way and from the days when people use stones and rocks to compute how much a person owes and should pay up and also to find out how much a businessman made for the month. To pen and paper of the olden days and this has slowly transformed to the modern day era of computers and Excel spreadsheets that has helped the accounting industry to grow and become what it is today.

Why Cloud Based Accounting Services is the future

Many industries have seen technology taking over it and this is one industry that is about to go through the point of change.

Cloud Accounting services has been around for a few years but its technology has been slow in terms of development and also there has been resistance when it comes to the taking up of this new products that are seen as not secure or not as well equipped as the already tested and working desktop based software.

Cloud Accounting Services has over the years slowly but surely improved and in this few years seen the taking over of the mainstream when startups that are looking to win on efficiency works with cloud based accounting services firms to improve their productivity and give the best for their clients and themselves.

The reasons for it being the future is simple, Cloud accounting services continues growing with the times, new features get added on and with more feedback, means more features.

This is one thing that many desktop based software struggle on because they are restricted by themselves being desktop based. You lose the flexibility of working with other applications and also to take advantage of publicly available data to do business.

Startups also prefer to use cloud based accounting software because they are more convenient and require less work than the more traditional methods. You are also able to use it on the move and this allows more time to be spent on doing what you do best which is to sell and grow your business.

 


K Cloud Accounting works closely with Startups to provide high quality consulting and also quality services that are affordable and effective. Contact us now to get a quote and find out how to work closely with the most efficient startup friendly company in Singapore.

Why Cloud Based Accounting Services is the future

5 reasons small SMEs and Startups choose Xero Cloud Accounting

5 reasons small SMEs and Startups choose Xero Cloud Accounting – Xero Accounting software is now one of the more popular software around the world and in Singapore. There are many reasons why they are preferred and we will now share more about the great features of this software that allows small businesses and startups to thrive and how it will help the businesses that choose this software to do better than the rest in terms of competitiveness and reporting.

 

5 reasons small SMEs and Startups choose Xero Cloud Accounting

 

1. Having the flexibility of location and time

When you use Xero, you can issue you invoices and quotations wherever you are and whenever you want. This is one of the best features. Sales staff are always on the go and there are many requirements that only they are aware of. Customers demand fast response and also fast issuance of documentations.

There are many reasons why you should be fast, you get to close the deal and you give the customers a great impression of your service standards.

The application of Xero allows you to issue your invoices wherever you go!

 

2. Checking cashflow and being paid at a faster pace

You are able to check how much cash you have in the bank and make a decision how to use the money and whether you even have enough to transact in certain businesses. You are also able to allow online payment through payment gate ways such as paypal to get paid faster and easier instead of just using traditional methods of cheques and cash methods. Also with the daily update of the bank statement from banks such as DBS and UOB. You are able to be aware the next day if you’re paid, when you are paid you can use the system to do your bank reconcilation easily and help you to monitor how well or how badly you are doing cash wise.

This prevents over spending and also being in the idea that you know how much cash reserves you have for doing the expansion of your business and also knowing when you are spending too much and need to watch out for it.

 

3. Work with Advisors to get better advise on accounting

Xero Advisors are accountants who are professionals in Xero software and they can advise you not only in how to use Xero to improve your business productivity but at the same time to have you work closely with them to give the best results for your business based on how your accounts are performing.

When you are working on a business sometimes you ignore things that are happening within the numbers and its the numbers that can make or break your business. Most people do not realize that if they do not take a good look at their business, they will end up in debt or be paying too much for something that does not need to cost so much.

This is one good reason why people work closely with advisors to provide them with new insights on their business to help them better manage their whole business as a whole.

5 reasons small SMEs and Startups choose Xero Cloud Accounting

4. Xero is growing as you are growing

Xero is a company that is coming up with new features every new year and there are feedback loops that allow it to continuously grow with the needs of its customers which is you and me. We as advisors are the ones that give feedback on how to better improve our productivity. Same for paying customers, the feedback allows Xero to make tweaks and also add-on features that will better help businesses to do up their accounts and at the same time be able to give a better response to the use of the software.

Xero is funded with a great vision and plan to be one of the leading cloud based accounting software in the world.

We grow with Xero and you will grow with Xero too!

 

5. Affordable and does not increase in cost as you grow

Cost is constant for Xero software and this is one thing that most people will be concern about. The price is affordable and if you use our accounting packages, the prices are actually included within the price and the software price is absorbed by us.

We aim to be affordable and also an one-stop shop for people who require help with their management services needs and this is one thing that many businesses do not realize that they can just go to one place to get everything done up properly.

 


K Cloud Accounting is proud to have become a Bronze Partner of Xero in two months and will strive to work harder for our clients to grow and build their businesses together.

We look forward to working with you and your team to provide you high quality accounting services.