Are you still calculating manually the late payment interest ? Do you include the day the payment received or not including the day the payment was received? Sounds familiar? The one that owes a late payment interest (your SP), will most often challenge the way your system calculate the late payment interest. We have seen…
If you are the managing agent, the operational staff prepare all payment voucher manually and making out the payment to the vendor and then you, as the accountant, take up the entries weeks later. You will have this problem. 1. This is double work 2. The amount is 369.40 but issued out as 396.40 or…
Do you see the picture above familiar? Stacks of envelops ready to be sent out? Chances is that you are not sending the SP statement of accounts via email, and your current system do not support direct email from the software you are using. There is a trend of younger owners and they are requesting…
Hi business owners or managing agents, It is not unheard of that a manager resigned and the rest of the colleagues follow suit en masse Whether they set up the same business to compete with you or join your competitors, the fact that it create a vacuum in your operation, may it be partially paralyze…
As time is getting from bad to worst during this pandemic season, employees are having their pay cuts or totally losing their jobs, and no light at the end of the tunnel, Some SP are struggling to pay their quarterly Managing fund and Sinking Fund bill. We have users telling us that their SPs are…
Accounting software generally perform the same function, allow you to perform 4 major functions namely 1.Record your revenue 2.Record your purchases of goods or services 3. Collection from your receivables 4. Making payments to your suppliers and occasionally record some adjustments like accruals, reclassifications, provisions etc. If you are still struggling to use Quickbook or…
After you had signed the paper on the dotted line, honeymoon is almost immediately over. No, I am not talking about marriage in life, but a marriage in business(not much difference anyway). When you are in the service line , managing your customers (users) expectation can be a challenge. You have very little time to…
Lets’ face it, all business owners will have a fare share of complaints and bitter experiences their customers had with your company products, services or worst, both, or even the front line staff. Whistle blowing is another more serious matter for any wrong doings by any rank in the company. We have a fair share…
Hi all managing agent, Are you expanding your business by going for more projects? Can your existing resources cope with the increase? Two things you can do Use the right tool, ie change your accounting system to Realtimme Cloud MCST software Out-sourcing your MCST account to our remote accountants with our subsidiary company, Realtimme Plus…
Changing from one accounting software to another is like moving a house from one place to another. It is never a fun thing, but if you have to do it , means you have to do it. The keyword is …it must be fast and easy. Business grow and you find that your current system…