“Is an accounting software worth the investment or should we use Excel only?” This is a commonly asked question when starting a company. Most Small Medium Enterprises (SMEs) prefer to start with Excel as accounting software are slightly pricey; however, that’s only feasible up to a certain point. If you want your company to grow, […]
The chart of accounts (COA) is a financial tool that provides a complete listing of every account in the general ledger, broken down into subcategories. It sorts, organises, and consolidates the different specific accounts, making things easier for tracking and logging. However, many businesses struggle to keep well-managed COAs. That disorganisation can lead to inefficient […]
It’s that time of the year again. You need to file your Annual Returns and Corporate Income Tax Returns soon. You sigh to yourself, dreading the extra workload that adds to the mountain of tasks, all of which are due soon. If this sounds familiar to you, it shouldn’t. The filing of your accounts should be […]
“I don’t need to incur any extra cost for accounting software so I’ll just stick to Excel” – said the business owner who lost hundreds of hours and thousands of unnecessary dollars. That’s what JP Morgan also thought, before they announced they had lost more than 2 billion dollars on the capital markets back in […]
If you run a non-profit organisation (NPO), your accounting responsibilities are different from those of for-profit businesses. Even though there are differences, there’s no denying the importance of understanding accounting fundamentals. In order to continue pursuing your cause and operating the organisation, it’s crucial to have an accounting structure that’s robust and a process that […]
In a small business, whoever is in charge of finance has it tough. You’re responsible for everything money-related, from bookkeeping and taxes to chasing for invoices and maybe even payroll. And chances are, you’re a key person in the company so this isn’t your only role. Which means any inefficiencies on your part can put […]
Too many small businesses are automating but not optimising. All too often, those missed chances equate to lost profits. Hopefully, you’ve already been convinced of the benefits of accounting software and having an inventory management system. But better than just hope, you can find specific areas to enhance your company’s backend the right way. Starting […]
If you’re reading this, your organisation probably handles a fairly large amount of sales. And if you’ve reached a certain stage, you’ve realise that you can’t do everything manually. You have to automate your billing process. Because efficient billing processes = better cash flow. An invoice processing system gives busy accountants and business owners the […]
Running a business is exciting. Making a profit is exciting. Realising you have to do maintain your books… probably not quite up your alley. While owning a business doesn’t require you to be a seasoned accountant, sound knowledge of bookkeeping basics and a reliable software can be extremely useful. Like it or hate it, bookkeeping […]
You aren’t a debt collector. But when your client doesn’t pay their invoice, it starts to feel like they’re trying to avoid paying you. And it always gets a little awkward asking for payment, especially when you’re a small business and they’re a bigger player. It’s natural for most of your clients to try to […]
Stay up to date with the latest news about DashBod.
© 2020 All rights reserved. DashBod is an integrated Accounting and Human Resources cloud-based software solution, and is developed by SMECEN, a wholly-owned subsidiary of ASME (The Association of Small & Medium Enterprises) Enterprise Holdings Pte Ltd.