Tips for Fixing Your Business’s Cash Flow Problems

Cash Flow management is a major factor for small business success. You have to manage your business cash flow to make your company as a profitable company. Most of the small business owners lack in accounting practices. To avoid such a problem here we provide a few tips to fix your business’s cash flow problems.

Complete a Cash Forecast

First, you have to know the current status of your business cash flow and then you have to predict your future cash flow. Business growth always associated with Cost. For example, if your business lead increases you have to hire some employee to complete that task. For this purpose, you have to do 12-month cast forecast for your business. It prevents you to avoid multiple payments.

Offer Clients Incentives

Most of the clients send their invoice payment near the due date. To make them pay earlier you can provide some offers like 2% to 5% discounts if you pay invoice earlier than 5 to 10 days.

Practice Smarter Invoicing

To improve invoice practices you can use QuickBooks software which generates invoice automatically. By using this software you can able to send the work completed document easily and able to receive the invoice timely.

Your document should convey the following things to your client

• What the terms are
• When the payment is due
• How the payment should be made

If you want to add multiple services in your invoice, finally you have to ensure all costs are itemized or not. It makes your invoice calculation simple.

Decrease Expenses

Decreasing expenses is the simplest method to fix your business cash flow problems. For this purpose, you have to analyze the cost benefits of each expense. You can able to cut expenses in the following areas. Such as

• Office Rent
• Office Supply
• Utility Expense etc.

Raise Revenues

To boost your business cash flow you can raise revenues before cut the expenses. To get revenues high you can raise your goods and services price that can improve your business profits.  To promote your brand and service you can use inexpensive promotional campaigns. This is also one of the best methods to improve your business cash flow.

Still doubting cash flow improvement? You can reach our accounting software support team. They will guide the accounting principles and best accounting software which helps you to improve your business growth. Further details you can call us +65-6746 2613 or +65-6227 1797 (9 Lines) or Email Us sales@ezaccounting.com.sg. Schedule your software demo!!

Cloud-Based Accounting Software Security Concerns

In the accounting software world, cloud accounting software is the latest technology. Because that software has lots of features such as easy to access, Mobile access, able to integrate with accounting software. A major advantage is security. Some other considerations to be put in mind while outsourcing accounting such as

• Lack of physical control of servers
• Data transmission
• May affected by loopholes and exploits etc

Most important security concerns are

• Physical hardware security
• User account access
• Multi-tenancy

Physical hardware security

The cloud service provider hosts the application and data on location. To access these data you have to connect the cloud accounting application via app or browser. If you don’t have physical access to control the security, you have to contact the cloud service provider to know about the data center security, data redundancy, back up procedures and processes. Do you want to know more about cloud accounting software? Visit the Cloud Accounting software Page.

User account access

User can able to access the data and functions present in the cloud-based application. Before using the cloud-based accounting software you have to know whether the accounts are audited, is it hard to disable accounts, etc. Cloud accounting software always provides custom user access levels to control data security. If you want identification point for user access, it is available as a beneficial feature to leverage.

Multi-tenancy

Cloud service providers share the hardware for hosting. This means they provide share space for multiple clients it may cause some hacking issues. If the hacker hacks another Company, your data also caught in the crossfire. So you have to contact the cloud service provider to keep your sensitive data in the private cloud. You can also use the API (Application Programming Interfaces) for security purpose. By using the API you can customize the cloud accounting experience.

These are the major security concerns with the cloud accounting software. Do you want to know more about cloud accounting software? Keep in touch with us!! We (User Basic Software) are the best accounting software provider in Singapore. We are offering various accounting software such as payroll software, POS Software, Custom solution software, Sage UBS Accounting software, MYOB software, etc. Book your software now!! Call us on +65-6746 2613 or +65-6227 1797 (9 Lines) and Email us on info@userbasicsoftware.com to get your software live demo!!

Checklist For Choosing The Accounting Software For Your Business

 

In older days every business people track their financial transactions and manage their inventory level in notebooks. As technology grows business people start using the accounting software for business. Through the Singapore accounting software business people record their revenues, sales transactions and manage their inventory levels. And accounting software reduces human mistakes than comparing to paper accounting. Now various types of accounting software are available in the market. So you need some checklist to choose the accounting software for your business.

Checklist for choosing the accounting software for your business

Business Needs

Before purchasing the accounting software, you have to know your business needs and also consider your business needs

Features

To manage the financial transaction accounting software provides many features. By tracking financial information you can get clear pictures of your business performance. Most of the business owner prefers accounting software which is easy to use and saves time.

Time-saving Automation

Through the time-saving automation features, automatically you can send the recurring invoices and past due notifications. And it saves lots of time in invoicing and accounts receivable tasks. Though this feature you can convert your client quotes into invoices.

Tax Preparation

Accounting software provides some features to prepare tax.  Such features are automatic tax calculations, multiple tax rates, and tax reporting.

Add-on Services

Accounting software add-on services are payment processing and payroll services.  Through the add- on you can accept online invoice payment and pay the employee.

Third-Party Integrations

By using the accounting software you can integrate the third party software such as POS systems, payment processing, advanced inventory management, e-commerce, ERP, CRM, email marketing and Google apps to enhance the business growth.

Consider usability factors

While purchasing the accounting software for your business, you have to know where you are going to use this software. For that consider a few factors.

Multiuser Access

Most of the accounting software allows multiple users to access the business financial data.  For those users, you can provide restricted access. For this feature, you have to pay more for some accounting software.

Multi-Business Support

If you own multiple businesses you can use single accounting software to manage those businesses under one account.

Cloud-Based Software and Mobile Access    

In today’s business world most of the accounting software is cloud-based software which helps you to access your data from anywhere and anytime through the internet. So you can run your business remotely. Now mobile apps are available for business people to monitor their business.

These are the few checklists to choose the accounting software for your business. Are you looking for Singapore accounting software? You are at the right place. Reach us at  +65-6746 2613 or +65-6227 1797  or Email us at info@userbasicsoftware.com to book your software. Hurry up!!

Singapore Productivity Solutions Grant Software

A productivity solution grant helps the SME’s in Singapore to enhance the SME’s productivity. As of April 2019, Singaporean businesses are eligible for up to 70% off. For Annual Advanced plan, Singaporean business will eligible for up to 70% off and For Annual plus Plan, Singaporean business will be eligible for up to $5,600 off the total cost.

Are you having any doubt on Productivity solution grant? Contact our accounting software experts at +65-62271797 / +65-67462613 / SMS @ 9382 1959.

Looking to download a quote? You are in the right place. Get a quotation from Pre-approved ISP Provider. And create a CorpPass account to login the BGP Portal for application submission.

Frequently Asked Questions

What is Productivity Solution Grant?

The Productivity Solutions Grant (PSG) is composed by MTI’s Grants Management Office (GMO) and controlled by the applicable agencies, to help organizations in its transformation journey. Adjusted to the Industry Transformation Maps (ITMs), PSG offers support for the selection of IT solution and equipment that have been pre-perused by the enterprises’ lead agencies.

Who is supported under the PSG?

Small and Medium Enterprises are supported under the PSG. And Non-SMEs are not supported under PSG.

How do we say the applicant is local?

The Applicant should hold 30 % of ordinary shares. And the applicant should be Singaporean. Then we determine the applicant is local.

Why applicants have to be registered in Singapore?

Applicants who are registered in Singapore will be eligible for Productivity solution grant.

Can a company apply for a multiple PSG Grant?   

The company can subsequently apply for PSG grant. But the purchase of a solution should be deployed in a different location. If it is in the same location, then the PSG Grant will be rejected for the company.

What are the supportable costs?

Supportable cost is purchase/lease/hire purchase cost of the equipment or IT solution. And it doesn’t support administrative fees.

What is the process for applying for PSG?

• First, you have to contact the pre-approved provider to get the quotation
• Then you have to sign up for Corpas account. Using that login details sign in the business grant portal.
• Then you have to submit your application on the business grant portal

Are you looking for Pre-approved ISP vendor? User Basic Software Pte Ltd is one of the Pre-approved ISP vendors under PSG Grant. So you can buy your EZ Accounting and EZ Payroll software from us with up to 70% PSG Grant. It’s the right time to book your Singapore accounting software. Call us on +6562271797 / +6567462613 / SMS @ 9382 1959 to inquire.

Features Of Sage UBS Inventory Software

Sage UBS Inventory Software

Sage UBS Inventory Software is used to track and maintain the stocks immediately after every entry. This software is also called as Sage UBS Stock Control System. And this system function as an invoicing system.  Through this software, you can able to print the invoice and delivery order. The Effectiveness of this system has been improved by Extensive R&D. To improve this system, Bill of a material module is added as a feature.

In the Sage UBS Inventory Software, Stock valuation methods are provided. Such valuation methods are Fixed Cost, First In First Out (FIFO), Monthly Moving Average and Moving Average.  And to access the data, different levels of security are provided. Stock item can also be inserted as a picture.

This software is suitable for following Small  and medium companies such as

•   Retail Shop
•   Restaurant
•   Bar
•   Hospital
•   Hotel
•   Wholesales
•   Warehouse
•   Manufacturing Companies

Features of Sage UBS Inventory Software

•   By using this software you can able to track and maintain inventory movement of the company.
•   Through this software, you can able to control the multiple company transactions.
•   This software provides different levels of security for data access.
•   Through the unique serial code, you can simply track the stocks.
•   Multiple payment modes are available in the Sage UBS Inventory Software.
•   Real-time stocks are updated with receipt and issue of the item.
•   Multiple location entry and Item graded entry is available for the users.
•   Stock valuation method modules are provided. Those are Fixed Cost, Monthly Average, Moving Average, FIFO
•   This inventory software can be integrated with Singapore accounting software.
•   You can able to retrieve all the historical records

Reports

You can simply print the following reports such as

•   Delivery order
•   Invoice
•   Cash sale
•   Sales Order
•   Purchase Order
•   Debit note
•   Credit note
•   Reorder
•   Stock Cards
•   Stock aging reports

These are the features and benefits of Sage UBS inventory software.  Are you looking for the best accounting software for your business? You are at the right website. Book your software demo through the call: sales@onestopaccounting.com or email: 65-6746 2613 or 65-6227 1797  Hurry up!! It’s your time!!