Blog / Activities

21
Feb

How to set up an ecommerce store in Singapore - eCommerce is something that has become very popular with the starting up community in Singapore. Singapore is a small country, going to the mall is not that difficult for most people. But eCommerce is still a very popular form of business in Singapore because of the convenience it brings to the retailer and also the shopper who is able to buy the items they need in the convenience of their home. eCommerce store are also great for first time business owners because the starting up cost of this types of businesses are minimal and you are able to try and learn new things at your own pace since you out lay of cash is not as stressful as a big investment into a more traditional form of business. So what are some of the items that an eCommerce startup founder can take note of and how do you actually go about starting something like this in Singapore. Find out what product you want ...

06
Feb

Why you should consider cloud accounting over traditional accounting - Business accounting is an important part of a business cycle. Whoever who has run a business knows that having a good and competent accountant can be a great asset for your business. You can make better decisions at a more timely period and able to derive higher profits because of this competence.There has been the progress from the old days when people use old school methods to keep track of accounts to the recent pen and paper methods. This method survived for centuries before being overtaken by the trusty Excel Spreadsheet that was easy to use and helped to improve the T balance calculations for many accountants and business owners. In the late 90s and early 2000s came the accounting software that is desktop based. Desktop based software was very easy to use because it uses coding logic to assign the accounting items to their respective units. This evolution of change has helped accounting firms to generate more profit with the same amount of staff members, they could do more work and make more money for their companies. This was great but as time went on, ...

26
Jan

5 reasons to outsource your accounting services in Singapore  There are many parts of the business that you need to watch after when you run a business, there are also many parts of your employees that you need to watch after. Businesses are tough to run, managing people is even harder than you think. It doesn't just mean that you are paying salary therefore they will put in their best. You must manage and motivate and deploy work appropriately. This is something most startup owners fail at. Because School doesn't teach you leadership as much, most people have no idea to manage a big team of talents.  Reason 1: Accounting Services require a lot of time   Accounting services for a small company can be easy to do but it takes up a lot of the entrepreneurs time. Time is of the essence at the birth of a business. One should focus on growing the revenue end so that there are more business coming in to ensure the survival of the business. Accounting is some what secondary compared ...

24
Jan

5 Reasons to outsource your payroll services to professionals  Running a business is tough, running one in competitive Singapore is even harder. It takes up a lot of your time and time is money when it comes to the race to the top. Most business do not need to have all this services covered in house because it takes up a lot of time.There are many portions of businesses that are usually outsourced to external professionals to assist in your running of the business and here are some of those items that we will like to share with you: More comprehensive reporting by professionals There are a lot of items within payroll computations, one business owner might think that it is just purely about paying your staff members. But there most in-depth information can be derived from the use of strong software that can do great calculations and also reporting them in a proper manner. There are also certain components suggested by other companies and we take in this feedback and use them across our customers ...

18
Jan

How startups can benefit from outsourcing payroll services in Singapore  How startups can benefit from outsourcing payroll services in Singapore - Managing a startup anywhere in the world is tough. Most businesses do not get pass their first years and this is something that many business owners will come to get aware of as time goes by. Running a business is tough, running it alone is even tougher, we will share how external help can help you to improve the chances of success by that little bit that might tip the balance in your favor. Running a business will mean that you have to run quite a few things at one go. One you are expected to know how to market a business, be a good team leader, able to sell and able to do administration work. Most people will rather be focused on the selling parts because that's where the revenue of the business will be coming from. And like most good salespeople, the idea of running day to day administration work is not only tiring and at the same time it takes a lot of effort to just complete simple administration work after doing ...

16
Jan

How Corporate Gifts and Corporate T-Shirts can help your business - Running a business and getting a new customer is not just the main goals of a company. There are many ways that businesses can build connections and also relationships with customers. Customers are already people who trust you and we all know that trust is the hardest to build. But what many business persons do not realize is that there are many other ways that you can stay in touch with your csutomers without spending a bomb and without just focusing on getting new clients all the time. When you are able to give the best to your customers and they are happy with you and they are happy with working with you. They will give you more business without you seeking it.This is how Corporate gifts Singapore comes into place. Corporate Gifts are a great way to give back to your clients by giving them something that might be useful for them at work or at home. Little gifts that are useful for your customers will go a long way to show your appreciation for them and this is something that ...

05
Dec

How monthly bookkeeping will help you run your business better - When you are planning to do a good business, there are many things that you need to consider to plan the business that you are able to look after before you can make sure you run it well.There are many components such as the accounts, the marketing, the human resource, the operations , the customer service. There are so many thinsg that you need to work on and this are the things that you should consider outsourcing so that you have time on your hand to allow for your better coordination of the business that you are trying to manage versus trying to do something that you are not familiar with and end up doing too much for too little rewards.The entrepreneur is the one with very little time on their hands, and this is something that everyone is aware of when you start a business. With such short supply of time and being able to make limited business decisions, you are only able to do just a few things at a time.Business wisdom says that you should focus on what ...

03
Nov

Benefits of using Xero Cloud Based Accounting Software for your business - Xero is one of the most popular software in Singapore for accounting work amongst startups. Xero is a new accounting software develop by a company based in Australia with the idea of turning accounting software into something that is highly efficient so that time is saved on doing up bookkeeping work and financial reports can be streamlined for regulatory uses.Xero is popular in Singapore in the recent few years because of its low rates and many features that have been favored by many local companies that are providing accounting and bookkeeping services. There are many benefits that you can get out of using Xero as your primary accounting software for your business and here are some of those that we at Koh Management think will be useful for your decision making:Benefit 1: Xero is a regularly updated software that has integration with many other apps like apple's app store The good thing about Xero is that some of the software ...

02
Nov

Benefits of using Cloud Based Accounting Services in Singapore - Cloud Based Services are becoming very common in Singapore and around the world. With file storage becoming one of the most popular manners of using the cloud for business, businesses such as Windows and Dropbox has made a business model out of providing cloud storage spaces for free to customers and requiring upgrades when the customer reaches a certain level of disk space usage.   Benefit 1: Cloud services allow you to operate from anywhere, anytime Cloud Based Accounting Services are also becoming a more popular form of doing accounting and also preparing of invoices, quotations and receipts. Accounting Software used to be desktop based and the only way of getting anything done is to have invoices issued from the desk of an office but that is not true anymore in this time and age. Businesses are able to tap on new technology like cloud based accounting software to run their businesses from anywhere in the world at any time of the day.The benefits of Cloud services are also that you can use it cross platform, whether it is your phone or your tablet ...

27
Oct

In terms of doing business, Singapore is one of the leading places for the ease of doing business for many years.Why is that so?Singapore has been proud of being able to lead the world with its use of Information technology in setting up companies and also to do transactions with the government. All government submissions are mostly done online and also with the new system of using a corporate password instead of the SINGPASS which is every Singaporean's personal password to work with the government. The country is slowly transforming into a society of the future in terms of the use of Information Technology and also the use of new technology to improve efficiency.That said, the accounting sector in Singapore is one of the oldest industries in Singapore and also one that is very well established. Singapore being a big financial hub for the region and Asia manages a lot of funds.Coupled with the ease of doing business, Singapore has one of the world's largest number of incorporated companies and with this needing a strong army of accountants and auditors to assist in the management of all this local and ...