Effects of manual book-keeping in our world today.

[ ATTENTION ALL SINGAPORE SME OWNERS ]

Are the work in your office affected by the Work-From-Home arrangement due to the Pandemic? Aside from making sure that your team is safe, you are most likely to face the problems highlighted in the video below.

You may not realize this, but these issues can cause major disruption to your business over-time due to the followings:

1. No visibility of company's cashflows as you lose track of your optimal inventory level, customers who are owing you money & suppliers whom you are owing money to.
2. Poor cashflow management will eventually result in your company's inability to service its bank loan. And you, having to sell personal assets, to pay your company's debt to keep it afloat.
3. Expenses over-run with unnecessary high recurring expenses not recorded, or recorded as essential expenses, leaving little left to pay for the REAL essential expenses.
4. Paying unnecessary fines, penalties and high professional fees, to clear legislatives requirements, late tax filings and audits.
5. Incurring unnecessary staff re-training, recruitment & other opportunity costs due to high staff turnover.

Would you like to prevent this from happening to you? Click Learn More to find out.