10 Reasons why you should use XERO Cloud Accounting in Singapore

10 Reasons why you should use XERO Cloud Accounting in Singapore

10 Reasons why you should use XERO Cloud Accounting in Singapore – There are so many reasons to work on your business to improve efficiency. There are also many reasons to outsource your accounting services in Singapore to a reliable accounting firm.

There are many accounting firms in Singapore that have been around for many years.

Just take KCA, we are a subsidiary of Koh Management Pte Ltd that has been in Singapore for 30 over years and serving hundreds of customers from startups to established businesses.

For most business owners, trying something new is not something that they will like to do. Business world requires consistency and having a change is usually hard to swallow but also necessary for business to keep growing and also becoming more efficient in the long run to fight against competitors.

So we are here to start to share with you Reasons why you should use XERO Cloud Accounting in Singapore.


 

1. Able to manage accounts 24/7

The fact that Xero Accounting is an online platform.

This allows you to access them at any time!

Whether you are in bed and wanting to make some last minute checks or decisions.

Or you will like to do it while at the bar at 10pm.

You can access it 24/7 because an online platform does not sleep!

 

2. Able to manage accounts anywhere you are 

The fact that the platform has a mobile application, this makes it awesome for the management of your accounts from anywhere.

You don’t really need to do it from a computer or from your desktop in the office.

You can be at home or at a pub and check how much you have done in terms of revenue for the month.

You could also print reports in PDF from the comfort of your car.

Or why not do it on the beach on your holiday just to make sure everything is going well.

 

3. Issue quotations or invoices the moment you are done with your appointments

The mobile application is the most convenient thing ever.

So with it, you get to really issue your quotation invoice right after you are done with your appointments.

You will impress your customers by how efficient you are when it comes to getting work done.

This will be great for a sales man that is always on the run!

 

4. Updates are pushed to you instantly

Bceause it is an online platform, the updates are often coming in every couple of months.

The good thing is, you do not need to download the patch and patch it manually.

Instead the platform does it themselves and when you log in, you didn’t even know that there are updates done.

You will just get to enjoy new features as they are developed and updates.

 

5. Bank statements are updated automatically

Xero Accounting Software supports bank feed.

Bank feed basically means connecting your Xero Software with your banks information.

The bank will push bank data into XERO every day.

This means you do not need to wait for your bank statements or login into your bank platforms to check what is going on in the bank!

You could also use the bank feed data to save time on bank reconciliation which makes life a lot easier for you or your accountant!

 

6. You get online support if you’re not sure

The fact that the platform is online, you will be able to get access to support if you need it.

24/7 you can chat with the support to find out what is going on.

Then you can solve it along the way to get your accounting done up on time.

 

7. Choice of add-ons to improve efficiency

There are many add-ons to make things more efficient.

Do you have a POS machine and need to gain access to it?

Use a POS machine that has an add-on to XERO and you get daily live updates from the many machines around the country!

There are add-ons that help you to save time scanning and keying in your receipts too.

 

8. You can transit to outsource by transferring account easily

When you are using XERO as a software, you also just need to appoint the accounting services provider through an invitation.

You do not need to use their specific software or insist on yours, they may not be familiar with the software.

You can just pass it along and move on with your life!

 

9. It cost only $20 USD a month 

$20 USD is quite a good pricing for businesses that are just budding.

For small businesses every cent counts and this is a good pricing for start-ups that are cash strapped.

For those that require multi currency, it cost $30 USD a month for the subscription.

 

10. The fees are monthly and not one big sum at a go

Same as point 9, the fact that it is monthly is good for cash flow.

Small businesses will enjoy having not needing to pay $2000 – $5000 for one software that is necessary.

Cash flow is everything for a business.

So a good monthly subscription system is great for a start-up business.

 


If you are require help with your monthly bookkeeping or financial year end closing, speak to us.

We offer sme bookkeeping services on a monthly basis so that you do not need to worry about your year end submissions.

Speak to us also if you require help with any other forms of consultancy needs.

For businesses who require additional help with Corporate Loans, speak to our friends at Avant Consulting.

For businesses that need help with Singapore Mobile App Development, speak to our friends at Originally Us.

For businesses that require help with Singapore SEO Services, speak to our friends at SEO Geek.

For businesses that require help with Corporate Gifts Printing, speak to our friends at Global Asia Printings.

Thank you for reading our article on Reasons why you should use XERO Cloud Accounting in Singapore.

10 Reasons why you should use XERO Cloud Accounting in Singapore

What are some of the Singapore Accounting deadlines

What are some of the Singapore Accounting deadlines

What are some of the Singapore Accounting deadlines – Are you a new entrepreneur who is just starting up?

Starting up a business is so exciting yet tiring. For someone who is brand new, you might find it extremely difficult to get so many things done, especially when you are not trained in almost everything that demands of you.

There are marketing things to be done, operations paperwork to done. Then there is accounting! Something that is so necessary yet so troublesome and require skills to get done.

There are some accounting deadlines that you need to be concerned about though.

So What are some of the Singapore Accounting deadlines:

 

1. ACRA filing deadline

Financial Year of Most Private limited companies can be decided by the board of the company. For the purpose of illustration we will assume that the deadline is december 31st of the previous year.

For those who end their financial year on the 31st of December 2020, you have up till June 30th to finish filing your AGM and another 1 more month to get the annual return of your company submitted to the ACRA authorities.

For those who do not meet the deadlines will be imposed a $300 penalty from ACRA.

 

2. Financial Year ends

Financial year ends can be adjusted to reflect the 12 previous months of operation. For some businesses they can shorten the financial year so that they coincide with the calendar year to make things easier to remember and manage.

 

3. Corporate Income Tax Deadline

For businesses or owners who are new or not familiar with corporate tax deadlines.

For those who end their financial year in 2020 for example, their deadline to file their corporate income tax returns are the November of the subsequent year which is November 2021.

 

4. Personal Income Tax Deadline

For business owners that do take a salary or director fees, you will have to make your personal income tax submissions by the April of the subsequent calendar year.

 


If you are new and looking for some help with your business accounting and bookkeeping or will require some help with tax computation and submissions, you could speak to us at K Cloud Accounting. Our qualified accounting specialist will assist you with all the requirements!

Our partners also assist businesses with grants and SME Loan Brokering and Mortgage Loan Advisory.

 

What are some of the Singapore Accounting deadlines

The Benefits of a good Singapore Corporate Secretary

The Benefits of a good Singapore Corporate Secretary – Singapore is one of the top places in the world to set up a company. The country is right where all of the action is. South East Asia is expected to become one of the hottest growth regions in the world.

Singapore is right smack in the middle of the region and has a strong transport hub. The Changi Airport in Singapore is ranked top in the world because it provides such good comfort and also being one of the most efficient in the world.

When you are setting up a company in Singapore through Singapore Incorporation Services, you should try to find someone that is capable and experienced to assist you in this work.

Singapore is probably one of the best in getting strong financial support. There are many experienced Singapore Corporate Secretarial Services providers that not only can assist you with your business work, they can also give you good advice to help you to save time and money along the way of your business building.

A good corporate secretary in Singapore has many benefits, let me share with you all this little things through our upcoming article “The Benefits of a good Singapore Corporate Secretary”:

1. Advice you on Companies Act of Singapore

If you are new to the Singapore business climate, there are some laws that you need to abide by, if you are someone who is not a Singaporean or you are a Singaporean who is new to business, you will miss out on such things.

Having an experienced Singapore Corporate Secretary will mean you will not get into trouble with the law.

You should be focusing on building your business and not running around reading the companies act of Singapore. So in this case, we will be glad to advice you to find someone who has dealt with many situations and is experienced to handle them all.

2. Able to give you advice on accounts 

If you find a good corporate secretary that has an in-house accounting function, usually they are able to also assist you with that and give you advice from the accounting and taxation angle.

If you are someone who needs help in that, you can also get more help there.

Accounting is one of the key components of business and to get someone to guide you with it is better than nothing.

3. Someone who is experienced

If you get someone who knows the tricks around things, you can get help to remove someone who is say annoying you in the boardroom. If you know how to use the law in your favor that is.

A good corporate secretary with many years of experience that has went through such difficulties can give you an idea on how to work around things and get things done.


If you require someone who is able to get things done and also assist with company registration services in Singapore, you should speak to our friends at Koh Management Pte Ltd.

KCA is one of the leading XERO Accounting Services Singapore provider.

The Benefits of a good Singapore Corporate Secretary

List of Accounting items for Startups to take note of

List of Accounting items for Startups to take note of

List of Accounting items for Startups to take note of – Accounting is something that most people do not really pay attention to when they are in school. This is one course that will mean a lot to a business as time goes by because having a business owner knowing accounting is definitely an advantage for businesses. But not all startup founders are able to deliver that level of work or have that level of knowledge. Some founders are engineering trained, while some are medically trained.

This is one of those list that will be useful for you if you are about to embark on the journey of starting a business and you will need this to find out what is best for you when it comes to the accounting needs for a startup business.

Let us now start on the List of Accounting items for Startups to take note of:


 

1. Cash position

Accounting is not just to account for the expenses and the income. But at the same time the cash position of the business. The issue with businesses folding is not because they are not profitable but purely because they do not have a strong enough cash amount.

Cash is king and in this climate of bad business, we are seeing the cash of businesses get burnt up fast.

When you are doing your Start Up Accounting, you need to take note of this figure the most.

You might be seeing big revenue figures but if your cash position is bad, you might not be able to pay up your landlord or handle your staff cost which will end up being in a bad position.

Make sure that you have enough cash to keep the company going for a couple of months in the case of lock downs like recently and you will be safe.

 

2. Expenses

Having an accountant to watch your accounts can be a good thing. Some times you have no idea how much expenses you are working on and will end up spending too much.

When you have a sharp increase in expenses and not paying attention, your accountant might be a good person to sit down with you to explain that you are seeing higher fees in certain sectors or your vendor might be over charging you in comparison to other customers in the same sector.

Expenses are usually what drains the resources of the company so this is definitely the second item that we will hope our start up founders and SME owners will look closely into and monitor when they are running their business.

 

3. Cost of Funds

The cost of funds can be from loans that you are taking.

This is one thing that drains the your cash positions.

When you want to take on loans to grow your business, you need to ensure that you are getting the lowest loan interest rate amounts available.

Interest rates that are too high will drain your financials more than they may be useful for you to start off a business and grow from there.

Cost of funds can be managed espeically with fees and interest rates taking up a big bulk of that.

You may wish to speak to loan consultants that can assist you with your Singapore Business Term Loans.

 

4. Receivable Cycle

This is one thing that most people do not really pay attention to but if your receivable cycle is too long, you run the risk of having too little cash flow.

This goes back to the first point of your cash position.

When your receivable cycle is too long, you may not be able to pay for things as they come.

Reducing this figure is one of the top priority for businesses that are having issues.

Other options to getting by this is to take up Singapore Invoice Factoring, this will allow you to receive cash up front first for financing the project needs and paying some interest for such facilities.

 

5. Fixed Cost

This are the items in your books that you cannot really reduce fast or get rid of.

Things like your salary and rental are fixed for an extended period of time and this is also one thing that you need to monitor.

Variable cost such as commission or commission based workers can be adjusted to find out where is your cost is increasing and adjusting it can mean more profits.

This figure is also something you should monitor as time goes by.


K Cloud Accounting is one of the top Singapore Xero Accounting Services company.

We provide full suite accounting services for our customers from many industries and we are able to assist you for all your corporate secretarial, bookkeeping, accounting and taxation services needs.

We work with many Start ups to provide them with accounting services that they will require.

So if you are a start up founder that needs help with your start up accounting services or sme accounting services, speak to us now!

List of Accounting items for Startups to take note of

Getting a good tax advisor to assist your start up with tax planning

Getting a good tax advisor to assist your start up with tax planningTax planning sounds like something that big businesses do and also for those who are making big bucks around the world. There are many ways that an individual or a business can save on taxes and also get good tax advice from someone who knows taxes is also a good thing don’t you think?

Learning how to run a business with legal means of reducing your tax outlay is one of the best ways to help you to save on income taxes that can actually be used to power the growth of your business and also to help you to spend more on marketing and also for you to have more cash flow in case things like Covid-19 situation happens.

Running a business is about making more profits. Profits are hard to find during the budding years of a business. Most business function from a situation where you need to build your brand and also marketing for the first few years before you start to see results and results only come after a few years. The first few cherished years are usually barely surviving years.

So the most important step of preparing for a money making venture is to prepare when you are not making much money and also the budding years. Everything about tax planning is about having a good planning phase. Planning a good business structure will ensure that you have lesser tax burden when the time comes. Business is run with this intend of making sure the overall tax burden between shareholders and the business is at the lowest and that is the way where most businesses need to plan for.

A good tax advisor will only guide you through the whole process and ensure that you will always be making the least commitments in the long term within the legal frameworks.

If you need help with SME Bank Loan, speak to us as well.

Work closely with us if you are keen on working this out for your business. Speak to us now!

Getting a good tax advisor to assist your start up with tax planning

How cloud based accounting services can help you during this pandemic

How cloud based accounting services can help you during this pandemic – The one good thing about any services or product that is cloud base is the fact that you can get work done anywhere and from all over the world.

Cloud Based Accounting software Xero is the primary software that K Cloud Accounting Pte Ltd uses to serve our Singapore Bookkeeping Services clients. We use this cloud based accounting software because this software is not just an easy to use software, you can also issue you quotations and invoices from anywhere you are, at anytime.

This is one of the main reasons why we like to recommend this software to our customers.

Cloud Based Accounting Services allow us to maintain your books without having to deal with physical documents that you usually have to handover to your accountants. Payment to us are also done virtually so you do not have to come by our office or even have an internet banking dongle to get things done.

This pandemic has been causing a lot of havoc to the public health system of the world and has slowed down the world economy. The world economy now is experiencing supply and demand shocks from the lockdowns and also subsequent oil price shock.

Most lock downs have also caused businesses to go into a halt because there is just no way for businesses to function without having a presence in the office or at a physical workplace.

We work closely with our startup and SME customers to ensure the accounting services provided for them are done with the highest quality and also at the same time done on time so that the submissions are done on time for the submission to government and also for management purposes and allow for fast decision making for stakeholders.

K Cloud Accounting is keen to work with you on delivering on your startup bookkeeping services. If you require help with Singapore Bank Loans, you can contact our partners too.

How cloud based accounting services can help you during this pandemic

20 business ideas that you can start young in your 20s

20 business ideas that you can start young in your 20s

20 business ideas that you can start young in your 20s – There are many people who want to be their own boss but many people do no understand that it does not need to be the point where you have a good idea and then you start working on it. You can start something small from services and build up from there. There are many services that can be offered and if you are willing to learn and willing to try, you can make some income on the side.

There are things in your 20s that you can pick up on for you to start your entrepreneurship journey. As an Young Entrepreneur, many opportunities are available for you!

For most, starting up is tough due to the lack of capital, so the ideas that we are sharing will be those that do not require that much capital to start off.

For those who are not aware, most of the wealthy people in this world do not just start a business and they hit the jackpot. They go through a lot of failed ventures and failures in life before they hit success in one good business.

So before you hit that jackpot, you should be developing a strong set of skills that will help you eventually winning in this game of life and business.

So what are some of the 19 business ideas that you can start young in your 20s, that will help you to grow wealth and be successful when you are able to get more done.


1. Digital Marketing

Digital Marketing is a huge space in the business world right now. Gone are the days when you pay good money to have your advertisement show on the television and you will gain good purchases and also brand recognition.

The tv and news outlets are losing its shine with the advent of social media and social media and digital media marketing has become the new in thing where businesses will tap on to show case their products and also to funnel people into buying their products.

There are many different forms of digital marketing, there is Facebook and Instagram Marketing, There is linkedin marketing for professionals, there is Google SEO marketing, there is Google Adwords marketing.

There is also marketing through influencers and blogging. There are so many forms of digital marketing that you can choose from.

The fact is picking up each of this skills takes quite a bit of time. Being trained in it doesn’t make you really good. When you have run a few campaigns and optimized campaigns, that is when you really learn and are equipped with proper skills.

YouTube is definitely one of the best places to pick up the basics but you will need a lot of practice to get yourself up to speed on what is required of you in the new and evolving market.

Pick up one of this skills, get really good at it, offer to help someone for free for portfolio and then you will be able to see yourself climbing up the ladder as you get better and can charge more for the amount of work you do for your clients.

2. Consulting Services

Are you someone who is really good at getting a certain food item done up in a certain manner. Or are you able to design something really special in a certain manner. SME Consulting work can be quite a lucrative business if you know someone that someone else doesn’t. When that comes into play, people are willing to pay you hundred if not thousands just to give them advice on how to save time or effort or even just helping get something done.

Connected to someone who is going to help their business? Great, one phone call from you and they close their deal and you get the consulting fees of introducing business, it is that easy. Networking can pay off if you have a good relationship with many people and when you want to connect with people you will be able to spread this note out to others and get more things done for the whole industry!

For those with banking experiences you can consider SME Loan Broker Services.

3. Music Training

Parents sent you for music training when you are young? You have a diploma in it? Great, you are probably good enough to teach the next generation of people. This is a good business as a teacher because you can charge hundreds on ends and you will probably be needed for months or years to get them to a certain stage.

Use this training to build up wealth before you reinvest in other forms of business when you have the opportunity to.

Do note waste the money that your parents have paid to get your trained up in instruments, definitely something that most young people in their 20s can do and one of the best “Business ideas that you can start in your 20s”.

4. Sports Training

Parents sent you for sports training like swimming, tennis or golf?

This is a high value skill as well. The sports that the rich want to get in to but did not have a chance when they were younger because of poor background.

They will love to pay you good money to start working on this sports that will help them to meet other people who are into this sports, especially golf where you will be able to network.

Sports are a great way to work out and at the same time make money, if you are able to recruit a few good trainers and do good marketing to generate that extra income, you can gain a lot more from starting this Sports Training business when you are young.

5. Blogging

Blogging is a good way to have a side income. There are many bloggers with a good interest in something and they have ads that will keep them going for a full time role as a blogger. Blogging can be a very fun activity that everyone can take part in and when you have something that people will want to read about, you get something that is special for your own development and also wealth building.

This blogging interest can also translate into a YouTube channel that can bring you further into this journey of making money online.

Through the various ways of monetizing, the most popular being Google AdSense, you can write content that brings in lots of readership and therefore potential sponsorship through the AdSense network. The ads will be served based on how relevant they are to your site and also through re-targeting which many advertisement platforms function in this manner.

6. YouTubing

Youtubers are making millions from ad revenue nowadays and they have very interesting content that they can do for most people to be entertained. If you have something that you have interest in and you think that other people will be interested in it, you might have hit the jackpot of it.

There are quite a few popular YouTubers who have came up with very interesting content that others don’t and even some gamers have managed to take advantage of the advertisements from the streaming service to get some income and work on this roles full time.

Someone that i follow because i am a strategy gaming fan is GamerZakh, for people who have grown up playing the likes of Age of Empire or Caesar 3, this YouTuber have been replaying games and allowing those who miss this games or are restarting to learn about strategies they did not know.

Work on getting your video quality up to date and also work on giving good advice to people who may want to learn something online and this is a good avenue of making great wealth.

7. Website Design 

This is something that most young and technologically savvy person can pick up quite easily. The fact is that setting up a website is not that difficult but definitely time consuming.

If you were to want to take up website design and development, you could always start off with WordPress. This platform is easy to work with and also easy to pick up.

Someone without much skill sets with coding can also learn to design a simple website with WordPress or Wix.

WordPress is easy to change in terms of design and customization, the base design is usually already done up if you use a template and this comes relatively cheap at roughly $50 USD.

If you are not someone who is good at design or writing code, find yourself a freelancer or find yourself a business partner.

You can do the sale and design and get someone behind on the codes.

8. Instagram Influencer or Instagram Reposting

Instagram is one of the biggest social media platforms in the world with many of the world’s eye balls on it.

Facebook bought this platform over with the main goal of pushing more of its advertisements onto the Instagram Platform.

With the rise of Instagram, comes the rise of the social media influencer group.

Instagram is one of the best places to start as an influencer to make extra cash from sponsor post and also in helping each other get famous.

Influencers with a good and special niche may be able to make 5 to 6 digit incomes over the year.

If you are not someone who is savvy, you could also do a repost account and help those who wish to gain more followers grow their accounts.

9. Live Streaming on Facebook to sell products 

Live streaming has become a very popular way of selling certain products.

Electronics and fruits is one of the ways that Singaporean young entrepreneurs are taking advantage of in selling their items.

This is also a great way to reach out to more people in the online sphere.

Live streaming is also a free way to get more attention and eyeballs from new clients.

Using various methods such as free gifts for staying throughout the the whole live streaming and also to share your link, it can be a very effective way of selling online.

Most of the people who do get started also use incentives to get the viewers to share their streams so that they can take part in some games.

This are a few ways to keep your crowd growing and make more money.

10. Mobile Application Development

Picking up mobile application development is not so clear cut, skills needed will definitely involve some coding since you will need to understand how certain functions work.

Mobile Application Design and Development is slightly more complicated than Website Design and Development but than again, there are people that you could work with closely.

Freelancers are cost saving to get things done but you should consider working with a Singapore Mobile Application Agency if you want to get it done out nicely.

Learning through many online platforms is another way of picking up Mobile Application Development skills.

This is a skill set that can be learn young and will be useful if you want to start your business young.

11. Wedding Planning

For someone in your 20s, you may not know much about getting married but you definitely can attend a few.

Usually for such work, you should work for someone for a couple of months to a year to pick up the contacts and also some of the tricks of the trade.

Coordinating a wedding is a very taxing thing and many people will rather outsource this parts so that they can focus on doing the happy bits which is to come and have it all well planned and executed by you.

Wedding planners can be quite a lucrative work and being a very personal thing, most wedding planners will end up being great friends with the bride.

Easy to set up and good and lucrative service line business to go into! Definitely one of the most accessible “business ideas that you can start young in your 20s”.

12. Baking

For those that are under lockdown, this is something that you can experiment with.

All you need is YouTube to pick up some baking skills and an oven.

The truth is you need to trial on error and keep going on to find out the best mix to find the best recipe for your baking journey.

Cookies or cakes are great starts. If it works out, start your chain!

13. E-commerce

Something that most young people can definitely get into is the e-commerce boom, the fact that there are platforms such as Amazon or own hosting on Shopify is one of the best ways for your to start your online business.

E-Commerce is one of the best way to kick off your entrepreneurship. Especially if you are someone who knows that people wants and know how to market them on the social media platforms.

You can come up with your own designs and get them printed and delivered to you or your customer doorsteps within a few weeks and you have your own business going!

E-Commerce takes a long time to grow, so you might want to consider this as one of your business ideas to start young.

14. Drop shipping

Not that much different from E-Commerce, dropshipping basically means you buy from one site to sell on another and making the margins, the difference is you do not need to have your own brand neither your own stock.

You do not need to spend money printing your logos but taking advantage of the difference in prices between your buying from a China based site such as Taobao or Aliexpress, then reselling it over to someone who bought from one of your pages you designed.

Most people sell practical household items and also fashion items so that they do not need to have a branding as long as the item looks good and is useful.

Drop shipping is very popular on platforms such as E-Bay and Amazon now with websites like Aliexpress supporting this form of E-Commerce trading.

15. Private Tuition

Singapore has one of the most established private tuition market and with the tough education system in Singapore, the market for this is huge.

For those who are great in their academics and also have a way in doing well in exams, you can set up shop to teach students the way around to get good results.

This can be quite a strong venture if you have a good branding and support from parents of previous students.

Word of mouth can be great marketing for you if you want to start this business young and in your 20s.

16. Photo or Video Editing

There are many famous photographers in Singapore. But not many of them have the time to work on their photo editing.

If you are someone who is great with your photo editing skills, you could offer them service at a price.

Photo editing if you are experienced at it can be a half day thing to edit photos for a wedding or an event.

This is great income for a young person who might even be able to outsource a small portion of it to freelancers overseas!

17. Cleaning Services

Most people can do cleaning work. But not everyone can do a good cleaning job.

Cleaning can also mean not just you doing the work. You could activate some friends or hire some people to assist you in this job.

Your role is to ensure that work gets done. This is a great business to start off because if you are a someone who is organized and love to clean, it will be a great choice for you to start this business when you are still young.

Once you build up a good customer base, hire someone, but make sure they are reliable and keep growing the business to make it a multi million dollar business!

18. Research Work

The fact is, when you are young, other than your studies, you have quite a bit of free time on hand. This means you can spend your time doing some other stuff that adults do not have the liberty to.

This includes free time to search the web for information that might be useful for someone who wants to hire you.

Research work online or going to the library to pull out information for someone who wants to hire you to do that can make you a great help.

One other way is of course to speak to people in universities doing their masters or doctorates, or even those in their bachelor degrees.

They may not have the time to find that particular research to support their paper.

Your services may be useful for them!

19. Resell Cosmetic brands in your country

Do you know of a good cosmetic brand that is not carried in your country?

Some good brands may not be big brands and therefore do not have a global presence.

They may still be keen to work with you to help them do more sales.

You should of course be a fan of this products before you do such a reselling act.

Our friends at Biologique Recherche Singapore are an example of this.

20. Outsource sales team

Are you able to convinece a group of friends to come together to do sales?

Forming a sales team allows you to jump onto new products fast.

Are you able to build a database to sell anything from electricity to household products?

Form that team and build that up so that you can sell anything that is able to make you guys money!


If you eventually will like to incorporate your company in Singapore to take advantage of its location in South East Asia and also low tax structures, you can contact the team at K Cloud Accounting Pte Ltd that provides full suite accounting services for Singapore businesses and also full suite tax and corporate secretarial services.

As a Young Entrepreneur in Singapore, you will want to work something out when you are much younger so that you can have an easier time as you go forward.

We wish you all the best on your entrepreneurial journey and to great wealth and prosperity for all business owners who are working hard to improve their life.

K Cloud Accounting is keen to assist you in your business journey by assisting with your Singapore Accounting Services.

For companies who needs to acquire more loans for their business, we also work closely with Singapore Corporate Bank Loan Brokers. They are also the top commodity trade line consultant in Singapore. Get your Business Term Loan Singapore through them.

We also work with Home Loan Brokers Singapore and Mortgage Refinancing Experts in Singapore.

Thank you for reading our article on “business ideas that you can start young in your 20s”.

20 business ideas that you can start young in your 20s

Accounting Services Singapore and the importance of it

Accounting Services Singapore and the importance of it – Accounting is as old as doing business itself. In the olden days, there are so many ways of trying to keep track of how much money is made and how much profits has been made. Even right before there was a way of computing. People will use beads or items to do the counting and make sure they make profits. When written languages and numbers were created, use of paper and writing materials were used to record on a daily basis how much silver or gold was made to make sure that the merchants know if this trade was a good one and worth their time to doing it again.

Accounting Services Singapore and the importance of it

Accounting Services started from that point. There are many people who started to specialize in such fields to work as stock takers or accountants to make sure the figures are done right and to compute the profits of the trades for their bosses who are engaged in merchant trade. The merchant class soon became a wealthy class of people with their regular buying and selling of goods and services.

Singapore is a big trading location. We are blessed with a great location that connects the east and the west and many people in Singapore who have started on business probably come from some roots of trading. Our port is great for such trades and this also makes Singapore one of the finest financial hubs in the world. With a great financial hub, the importance of running a company in Singapore and a good Accounting Services Singapore infrasturcture is important.

This makes for an important accounting firm singapore system that the government needs to set up so that it could handle the flow of business traffic from around the world that wants to take advantage of the ease of doing business here and also at the same time the low taxes it could afford to the local business owners. When you are doing trading in this region , you need to know that keeping a good set of accounts is important because Singapore is reputable for the fact that they are able to make sure accounting work is done right and well and to keep the integrity of it being a financial hub that is not taken advantage of.

There are many things that can be done when you are doing business in Singapore but trying to use it to finance terrorism and money laundering is what the government wants to avoid.

Accounting services providers therefore are very strict to their customers to get the work done properly so that if there is a chance of the accounts getting picked up for random audits by the government. There are ways to work with them to make sure all the transactions are done with good information clearance.


K Cloud Accounting is a Xero Accounting firm provider of Accounting Services in Singapore that does full management of your government requirements. Corporate Secretarial services with the providing of nominee secretary and maintenance of your files. End of year un-audited financial report compilation. Tax computation and submission services. Annual General Meeting and annual return submission.

We are keen to work closely with your startup to provide high quality services for your needs. Call our business development manager now!

Singapore Monthly Bookkeeping Services and the benefits of it

Singapore Monthly Bookkeeping Services and the benefits of it – Running a business is a very tough thing to do for anyone who is trying to start up. There are so many things that you have to watch out for there are so many nitty gritty items that you have to care about. It seems like everyday you are drowning trying to just get your business trying to move a step forward. It is not easy for someone who has barely any experience in running a business to keep making progress in growing a business and this is one of the few things in life where you do not really have a chance to learn and work from. You can get a mentor who will be able to guide you in some of the pitfalls and some of the things that you can look at.

Singapore Monthly Bookkeeping Services and the benefits of it

So what are some of the best things that you should have to work with someone else to get settled. Lawyers are an important part of your arsenal of professionals whom you can work with closely and able to deliver high quality advice for you especially during the early days of your starting up. Having a good lawyer also means that you contracts are done up properly. This is important for the businesses that want to avoid getting into shareholder arguments and quarrels when the business grows. The lawyer is also an important person to review contracts when it comes to fund raising. The lawyer is also a good ally when it comes to working things out for the long term, knowing the law is definitely an important part to the business.

The next important ally that you need for the business is your accountant. They say you need a right hand and also a left hand man when it comes to business. The right hand and left hand man are definitely your lawyers and your accountants. Why are your accountants important for the growth and longevity of your business you might ask. There are many things that an accountant can help you to manage for your business. Many people see their accountants as just a person that will settle the paperwork that needs to be submitted to the government and then they are just there to get this portion of work done for them and that’s it. Without realizing that the importance of the accountant is not just someone who is just good at pushing paper work but at the same time he or she is also an advisor to you on how to cut cost on your operations. Someone who can also guide you on how to maximize your profits by making certain arrangements. There are also other customers that they have that might be in the same trade and there are many cost cutting measure that they can share with you that they have learn from the rest.

Business is not something that you should do in isolation. When you run a business in isolation, you end up having very little to learn from. You will end up making a lot of mistakes that you can clearly avoid and this is not good for someone who is just starting up because you will end up paying the price for all the mistakes and fail before you can even make an impact in this market. There are many things that can be learnt from your accountant if you want to avoid dying prematurely in this ultra competitive business market.

So how does having your monthly accounting services done help you to grow faster and what are the benefits of doing it?

Firstly, when it comes to doing monthly bookkeeping services, there are many things that can get missing if you don’t file them up properly and do not work on them on a regular basis. Books that are kept for more than a few months tend to get missing and that petty cash amount that you did not account for? There is a high chance that things are going to be messed up and therefore you will not be sure what had happened in the past. This is one thing that many people do not realize about the importance of getting your monthly bookkeeping services done up. By having it done monthly, you have documents sorted out with discipline. You will also know that you need to get it done so that your accountants can get the work done up as soon as possible for you to review the management accounts. This forces you to make sure documents are in place so that your accountants are able to work on it fast.

Secondly, when it comes to monthly bookkeeping services, you get to receive you monthly bookkeeping management accounts that will help you with your decision making purposes. The good thing about having someone who is able to deliver the work to you every month helps you to run your business at a manner where you are able to find out how you are doing in terms of profits and losses and this is one of the best thing that can happen to an entrepreneur who wants to know if he or she is making a good business decision and if he or she is on the right path when running their start up business. This is important for people who are working to set themselves on a path of success. We all know that information is important for decision making and it is also important to know how to make changes to the business. The monthly information updates and meetings will go a long way to bring success to your business.

Thirdly, monthly bookkeeping services allows you to show the world that you have everything in place. Many people do not realize this but having tidy books is the same as having a tidy life. This will impress the potential investor who will want to take a look at your numbers and being able to deliver them straight to your investor is important and this makes for a good first impression. Instead of rushing your accountants to get it done when they are demanded, you can forward it straight away. This goes far to show your investors or suppliers that you are reliable and in control of the situation. When you are in control you know you are able to make the demands and set the requirements for other people to follow your dreams and for others to follow what you set for them. Not the other way around.

 


K Cloud Accounting Pte Ltd is a Singapore based Xero Accounting Singapore company. We deliver monthly accounting services for our clients and the packages are split based on the volume of work that you have for that particular month. We are a full-suite services company that includes bookkeeping, financial report compiling, taxation and corporate secretarial services for the needs of all startups.

We work closely with Avant Consulting Pte Ltd to provide loan consultancy services as well.

Contact us if you are keen to find out more and we can schedule a meet up to find out your requirements and assist you in your business needs for a successful business.

Singapore Monthly Bookkeeping Services and the benefits of it

Why K Cloud is a good option for affordable accounting services in Singapore

There are many options out there when it comes to accounting services, most businesses do a full suite work which includes monthly bookkeeping services, end of year financial report compilation, tax calculations and submission services, corporate secretarial services, annual general meeting work and annual return submission work.

Affordable accounting services in Singapore is quite abundant with many businesses offering cheap prices and promising quick work done for you. There are also many businesses that share about how they are able to give good advice for their clients to help them grow their business.

So what do we think that sets K Cloud Accounting from the competitors that will allow you to make an easier choice for appointing an accountant and corporate secretary that you can trust and stick with for a long time?

  1. K Cloud Accounting is run by a young team of professionalsHaving a young team is important for new insights into the way accounting is done. We are able to work on new technology and understand new way of funding and doing business. The startup world is a very new and interesting thing for most accounting professionals and learning how to get the paper work and accounting done up for the startup world is important for us to do well with this group of customers.

    Ready to learn and ready to change our approach, we are keen to work with the younger startup crowd that is growing in numbers in Singapore. This group of entrepreneurs have big dreams and are ever ready to go.

  2. K Cloud Accounting has the experience of a professional with 30 years of experience

    Our director Mr Koh Swee Hock is a professional in this field for 30 years and have been working on a couple of hundred of customer accounts and corporate secretarial work. With this amount of experience, the company has grown strength to strength and solved many issues for our clients big and small.

    This allows the company to maneuver around even during downturns and also assist our customers to come back strong with the advice that we give them on how to better run their companies.

  3. K Cloud Accounting leverages on technology to improve efficiency

    Leveraging on technology is one of the main ways business improve their bottom line and also get their staff members to become more productive. Productibity is a very important component for businesses like ours.

    Using technology we can save time and effort for getting certain work done. With this efficiency, the margins can be passed on to customer to save them money.

  4. K Cloud Accounting is always ready to listen to your feedback

    With a very responsive team, you can expect your feedback to be listened to and learnt so that we are able to work on getting your work done on a timely basis with the highest quality of standards.


 

K Cloud Accounting is a cloud based accounting services firm in Singapore which uses Xero Accounting as our base accounting software to service our clients needs.