Adding new features and functions

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…

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…

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…

Owners book facilities within the condo and paid a relatively small fee from tens to hundreds of dollars or when there are deposits involved. Not many condo have Paynow to be directly transferred to the MCST bank account, so handling of cash must still be managed properly. Many a times, these amount are recorded as…

Your vendors will send their invoice(s) to your MA, so will your banker, sending your monthly bank statement to your MA. Question : What happened when you change your MA? Answer 1 : Your new MA will have to inform all your vendors and banker a change of mailing address. Informing your vendors are much…

You have been to a buffet meal, where all the food is there for you to choose and pick. Translate it to your service to your SP, they have request for facilities booking, application forms to fill, feedbacks, latest statement of accounts, or previous months of statement of accounts, visitors information etc. All these can…