Blog Post for Accounting Software Company

5 Unexpected Problems SMEs Face When Choosing a Accounting Software

Starting and managing a new business is exciting for any business owner. With a variety of productivity grants such as the PIC and ICV made easily available, start-up and operational costs can be significantly reduced.

But when it comes to running a successful business that focuses on generating and growing sales, a strong back end support is very important as it is considered the backbone of the company.

And one of the ways successful business have been able to establish a strong backbone is through their business management software.

In Singapore, there is a number of accounting software on the market that SMEs can choose from. While this is one of the important aspects of setting up a business, it is often an overlooked one, and many do not realize the importance of supportive accounting software until they face a roadblock.

As a Master Distributor of Kingdee KIS, we have spoken with a fair share of clients who overlooked some crucial features in their accounting software.

Here in this article, we’re going to look at 5 Unexpected Problems that SMEs face when choosing a accounting software:

  1. Their Accounting Software is Not Pre-Approved by IRAS

This can pose a huge problem, not just on an annual-filing basis. The problem can start right from your day-to-day operations.

Different accounting softwares have their own methods of accounting and tracking profits and losses. Their data may also be presented slightly differently or in a different electronic format, which may not be an acceptable format when submitting to IRAS.

If you start your business with an IRAS pre-approved accounting software, submitting your accounts annually could be done easily by just exporting an IAF electronic file which is already compliant with IRAS’ requirements. This can save you and your accounting staff a huge headache and manhours!

Kingdee KIS is a IRAS pre-approved accounting software. Our IAF electronic file meets the requirements, so that you can easily export and email the file out in a few simple steps.

  • Not Being Able to Support Multiple Tax Regimes for Expansion

We all know that different countries have different tax requirements, and it can be a logistical and accounting nightmare to manage your accounts accordingly to your branches overseas. But that should not stop you from wanting to expand.

Though the sad truth is that, there are companies using accounting software that only support the tax regime in Singapore. So what happens when they decide to set up a branch, in say, Hong Kong, which is not supported by their existing software?

They may have to purchase another one that is compliant with the tax regime in Hong Kong, and this can pose problems when trying to merge your accounts together.

Many of our clients have successfully expanded overseas, thanks to the multiple tax regime feature of Kingdee KIS, as well as the training and software support that Reach Technologies is able to provide.

  • Poor Support of Multiple Currencies

Multiple currency support seems to be an important requirement for clients these days. Yet, there are still many who overlook this feature even if they are in the export/importing business.

Exchange rates fluctuate on a daily basis, as does your cost and profit margin accordingly. Most accounting software averages out the exchange rate across the month, then use it to compute their transactions. However, this is going to cause some inaccuracy in your accounts. Wouldn’t it be more accurate for your costing if you can compute the exchange rate on a daily basis accordingly?

Kingdee KIS is able to compute and convert multiple currencies, which takes away all the guesswork by your users.

  • No True Multi-Language Support

Most accounting software out in the market recognize the need for multiple user languages. But, they often lack true multiple language support, which allows users to record data in one language, even though the interface is in another language.

For example, in Kingdee KIS, you may run your software generally in English. However, you may have some employees who are more comfortable with keying in the data in Chinese. Kingdee KIS supports this, even though at the end of the day, you are only interested to read your data in English.

  • Inflexibility of Managing Multiple Warehouses and Logistics

Let’s say you are intending to transfer stock from warehouse A to warehouse B. It is not just a matter of doing an inventory transfer in your software. How do you transfer the delivery and product cost from A to B?

If the thought of doing it manually sounds like a headache to you, then this could be another crucial deciding factor in picking your accounting software.

Thankfully, Kingdee KIS is able to support this, making logistical and warehouse management a breeze and reducing human error. Transferring costs between warehouses can also be done by the software in a few steps.

Another Big Problem! Poor User Support & Training

So you may have purchased your software and happy to get started. But, what happens if you require software support or need to train a new employee on how to use the software? Perhaps you have decided to set up a new branch in Malaysia, but the software vendor tells you that they only provide local support in Singapore?

You may think that you do not need it now, but which business doesn’t want to expand overseas? Always check if your vendor is able to provide you with software and training support overseas, or at least, whether they will be able to extend their support off shore when you require it.

About Description for Italian Restaurant

Nestled in the heart of Clover Way, we join in the fragrance of food places along the popular stretch, bringing you authentic Italian food that will have your taste buds crave for more.

We believe that the essence of authentic Italian food is quality and freshness, married with a mix of tradition and modern.

Italians pride themselves with using quality ingredients in their food and at Follia, this distinctive element is not left out. We hand make our pastas and breads using the finest ingredients, and don’t scrimp on the cheese and sauces we use either.

If you are lucky enough, you may even get a glimpse of our chefs drizzling olive oil and herbs over the freshly-knead dough, ready to pop into the oven and fill the air with its aroma of Italian authencity.

Mathematics Coaching Book

Excerpt from a full book I have ghostwritten:

“What you are about to read is a series of proven and tested Math strategies. They have helped many of my students who used to dislike or hate Maths, transform into self-motivated individuals who take initiative in doing their Maths homework, WITHOUT their parents nagging or reminding them to do so!

If you find it tiresome to constantly nag at your child to do his Maths homework and practice every day, this can be a life-changing result!”

Profile Write-up for Maths Coach

John Yeo is a PSLE Maths Specialist and the Chief Trainer at Learning Out of the Box. With more than 10 years of experience in counselling children and parents, John has well-used his skills in helping students regain their confidence in Maths. By tapping into the psychological principles of learning, John has successfully helped hundreds of students fall in love with Maths and learning.

John has been featured by the local press such as The Asian Parent, Mother and Baby magazine, the Straits Times, the Shin Minh newspaper and The New Paper.

Through Learning Out of the Box, John Yeo aims to spread his vision of creating a child-centric education for children and youths in Singapore.

Learning Out of the Box offers a 7-day e-Learning programme at Learning The 7-Day Plan is structured with a proven system, maths questions and step-by-step video solutions to help students stay focused and motivated while conquering PSLE Maths.

To find out more about John Yeo and how he can help your child feel empowered and overcome Maths, visit his website at:

SEO Press Release for Gracious Watches

Gracious Watch to Offer Daily Discounts on Watches

(Published on MarketersMedia on November 5, 2014)

Summary: Gracious Watch is offering daily discounts of up to 50% on its watches, including its high end models. This upcoming watch review site assesses brands from under $50 to luxury watches, and even shines its spotlight on startups who are giving the watch industry an overhaul.

Gracious Watch launched in 2013 with the single idea that watch reviews should be genuine and reliable. By curating the features and weighing the pros and cons of each unique watch piece, visitors can then make their purchases of affordable watches with a peace of mind.

This is also why Gracious Watch has partnered up with its vendors to offer daily discounts, even on high end watches. Visitors can expect up to 50% off retail prices when they visit Gracious Watch.

“It is said that a watch is often a reflection of one’s social status and wealth. However, I feel that a watch should represent a person’s character and bring out his unique style. A wealthy man who can afford a Rolex may find that a Calvin Klein is more suitable for his style,” explains Jeremiah Say, the founder of Gracious Watch.

Gracious Watch, being a start-up, is also supportive of other fellow entrepreneurs in the watch industry as well. Recently, it interviewed Rossling & Co, that developed the first ultra thin watch and tweed strap funded on Kickstarter.

“We are in the midst of interviewing more of our watch making partners, including the veterans of the industry. A watch can be an emotionally-driven purchase decision, and it is often the story behind each brand and piece that moves customers,” Say comments.

The interviews will also help Gracious Watch understand every brand better, and in turn provide more comprehensive reviews of the watches to serve its readers better.

The discounts are usually offered for a limited time only and tend to change everyday, so Say advises that visitors take advantage of the offer as soon as they have decided from the reviews on its site. The watches under $200 are usually the more popular deals.

Gracious Watch intends to review at least 80% of the watch market by 2015. At the moment, it already covers most of the popular brands such as Rolex, Omega, Calvin Klein, Seiko, Casio, Citizen, Nautica and more.

Combined with its planned media coverage of various watch brands, it aims to become the Web’s leading watch review brand.

Its website is also organized so that visitors can easily find what they need, such as lists of top watches for men and women, affordable luxury watches, and a recommendation for cheap watches below $50.

“Our focus in providing genuine and reliable watch reviews will be and has always been our main driving force. This allows us to continuously develop a customer-oriented review site,” explains Say.

For more information on Gracious Watch’s daily discounts on affordable watches, visits its website today.

Sales Copy for Real Estate Agent Team Recruitment

Breakthrough your real estate career – using a proven success formula and extra tools that give you an unfair advantage from other property agents…. Yes, even if the market is cooling!

Dear Struggling Real estate salesperson,

Are you on the verge of giving up your real estate career because the market is too slow?

Are you considering to return to your full-time job because the market is not booming anymore?

Do you wonder how so many property agents out there are still closing every month without fail?

I’m going to be very honest here and you probably already know it – we’re in the cooling phase and the market is going slow. Property prices are expected to become stagnant.

Who knows when the market will pick up again?

When the market is doing well, everybody wants a piece of the big fat pie.

But here’s another hard fact – the agents who are producing consistent results are the ones who stand the test of time.

When the market is booming, they set their targets higher up and do whatever it takes to achieve their sales goals.

When the market cools, these resilient agents don’t feel discouraged. Instead, they continue to set higher goals for themselves.

Property agents who continue to do well despite the market are the ones who truly deserve to stay in the industry.

However, the agents in my team have an extra advantage: They consistent apply a proven success formula.

This is one formula I make every of my team member memorize when they first come on board. When they are doing well, the formula helps them stay on track, and guides them to over-performing themselves every quarter.

When they lose focus, it helps them get back on track.

Today, ask yourself these questions:

Do you want to be a “survivor” and make it through this cooling period?

Do you want a success formula that stands the test of time, and has helped all my agents producing consistent results no matter how the market is doing?

Are you ready for a breakthrough in your real estate career?

If you answered “YES,” here is the good news.

I am here to help you and I want to be here for you.

Here’s what you can expect when you join me:

1. Feel like a part of our family. Get to know one another through our outings. We are not afraid to share, and not afraid to help each other.

2. Regular solo coaching sessions to stay focused. To help keep each of my agents on track, I arrange for one-to-one sessions where I will sit down with you, discuss your targets and show you how you can break your sales pleateu and reach a new breakthrough.

3. Have unlimited access to extra tools and resources to give you an unfair advantage.

Sure, there are already training classes by the company to equip you with the skills and knowledge you need to be an exceptional property agent.

But I want to give you extra support, so that you can get an extra edge over other sales agents.

Being part of my team gives you unlimited access to extra tools and resources I develop. I have a graphic designer and copywriter on board to develop marketing collaterals so that you don’t have to waste time designing your own.

A lead generation system will also be in place, so you can focus on the closing.

Sounds exciting?

Don’t take my word for it, hear what my agents have said:


Give me a call today and let us talk!