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How monthly bookkeeping will help you run your business better

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 ...


Benefits of using Xero Cloud Based Accounting Software for your business

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 ...


Benefits of using Cloud Based Accounting Services in Singapore

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 ...


Why Singapore SMEs should consider cloud accounting software

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 ...


How digital marketing can help you grow your business

How digital marketing can help you grow your business - There are many marketing methods out there that can help you grow your business and at the same time there are many companies out there that are trying to vie for the pie that is small in Singapore. Older methods are not as effective anymore, gone are the times when many people sit in front of the television and consume information like they used to. Radio advertising has also gone south and when it comes to newspaper advertising, it has also been going downwards for many years. The age of digital marketing is here and there are many means that you can take advantage of when you want to market to a certain type of customers. There are also many digital marketing strategies that you can take note of. Digital marketing has been down to a few players and some of them are Google, Facebook, Instagram (owned by facebook), Youtube (owned by Google). So what are the useful methods and why choose that method. Google is great when it comes to targeting customers that are mainly B2B or corporate. This is through adwords advertising methods that you pay for a click or impression from people ...


Ransomware on the Rise in Singapore

Ransomware on the Rise in Singapore Singapore is one of the most digitally capable countries in Asia and South East Asia. Most of our daily work are done in front of the computer screen. Communications and trading are all concentrated on screen and done in split seconds. When we think cyber security, we think just simply anti virus. That's not going to be enough to defend against sophisticated attacks to SME companies in Singapore in this day and age. Gone are the days when you get a virus, it disrupts you for a few minutes and you are back to work after you get an anti virus software installed and it gets things cleared, much like modern medicine. Hackers and criminals alike have took to more sophisticated methods known as Ransomware to seek leverage from Singapore businesses and this is how they normally work: Phishing email is send to you or an unsuspecting stuff member Files can be acting like a PDF file which may be common for most stuff to receive Downloaded file gets onto desktop and start working its magic Any file that is ...


The Business Startup 101 Guide for new Entrepreneurs

The Business Startup 101 Guide for new Entrepreneurs Our team has been considering working on this piece for a long time and we think it would be great to create an article on the 101 of starting up a business right now so that we can share some of our thoughts and also our ideas on growing your business, how to start, where to start, when to start and how to eventually get there. There are a lot of questions that might come about so do contact us if you are keen to learn more or even go through some consultancy with us. So to start off our little article about starting businesses. There are a few things that we want to point out about starting up a business. We very often watch videos of successful businessmen talking about success and how they are spending their wealth and how they have the freedom that they deserve. Such videos are great but we all need to know that, they have already got there. We all think winning is easy, without realizing how much hard work is required to get to where you want to be.


How to grow your new business in Singapore

How to grow your new business in Singapore How to grow your new business in Singapore - Are you someone who just started up and want to learn more about tips on how to grow your business in Singapore? Today in this blog post we have some tips that we would like to share with you so that you can grow your business and get more leads and also generate more future leads to become a great company in Singapore whether you are in the services field, manufacturing field or any other relevant fields in Singapore. This 5 tips will be able to kick start your business so that you have the opportunity for it to grow and this tips are also easy to understand and transfer into proper working plans. Work on a product that is marketable  The product must be something that you can send a message out to and also something that can be marketed. You can be selling a water bottle, it can be a new tech product that could change ...


Singapore Audit Requirements

Singapore Audit Requirements - When you run a company in any country, auditing is normally a must to prove that your business are operating as per what you reported. Listed companies have a legal responsibility to go through auditing. But in Singapore there are various circumstances where you do not need to go through audit. The reason for the government to employ such a move is to reduce business cost to bring in more business to incorporate in Singapore and being the business hub of South East Asia region.   Under the old system, the criteria to get audit exemptions are as follow: Companies below 5 million turnover over the preceding years Less than 20 shareholders No Corporate Shareholders holding shares of company, no matter amount of shares held   As per July 2015, the new system for audit exemption is as per the following rules and you must fit the criteria to be determined as a "small company": Effective of 1st July 2015 with financial years begining on or after 1 July 2015 (those ...


3 Ways to Improve business marketing

3 Ways to Improve business marketing   Ways to Improve business marketing - Running a business is hard, trying to market your business to get more leads is even harder. Are you someone who wants to push the brand of your company out to the world? There are many methods that modern business take advantage of whether it is B2C or B2B business and this is something that we should take a look at when we want to build our business. Koh Management will be sharing the top 5 ways to improve your business marketing for better business growth and outreach for more income.   Ways to improve business marketing 1: Business Social Media and Personal Social Media (Social Network) Having a social media presence is a must for any business person nowadays, your business should be on social media, so should you. Gone are the days where you can make big bucks just hiding behind the desk and working hard at your product or services. You need to marketing and let people know ...