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Why Do Acs & What Kind?

Why Do Acs & What Kind?

Hit#  1988

  rightgood  Do Monthly Management Accounts for Understanding & Control   

   wrongbomb Don't do Accounts i) just for Tax Filing & ii) without involvement  wrongbomb

What is Management Accounting

■  Monthly Reporting; not just to meet tax e-Filing deadline

■  Costs Classified into Variable, Direct / Semi &  Overheads for understanding biz

■  Chart of Accounts design that support HR Accountability & Internal Control

■  Balance Sheet focus to show Financial Status / Viability of Enterprise

■  Monthly or/& Yearly Trending Reporting 

■  Confidently braveUnderstanding your business to face braveTax Audit


What is Management Accounting in a nut shell

It entails a rationale Chart of Accounts geared to database data processing that highlight marginal costing to allow for understanding of ROI, Break even analysis and parameter sensitivity analysis.
We push Trending Reports (auto monthly & yearly) of costs & liquidity Balance Sheet items to help management to track is performance trend.

Business Reason

  • All businesses must do Account to plan & control its operation.
  • Account ensures HR Accountability to the Objectives set for the Enterprise.(Management by Objectiveslnkiconread Manage by Objectives
  • Make use of the Accounting records to manage efficiently if you have not being doing so.
  • Accounts is for management not a nuisance to be settled by accounts clerk.

Statutory or Legal Reason

  • All business need to do Tax Filing, so keeping accounts is a must.  Pay special attention to Tax issue because you can be easily fined during the Tax Audit  lnkiconread Tax Audit
  • For limited companies, Accounts must be audited.  Auditors need to sign off that proper accounting records are kept and the financial statement reflect a true and fair representation of the state of company.

Most small business thinks that doing Accounts is for Audit & Tax avoidance
                              (do pay your tax .. don't be like US Trumpet!). 

Following should be bosses' practical reasons for doing pro Account.

  • Know your Cash Flow profile at your finger tips, PRO Accounts track this easily.
  • People don't pay you, you can know who owes you and for how long instantly ... Aging & Set Off.
  • Your money may be taken by your own people within 家賊难防, fraud & CBT  .. Internal Control.
  • Tax "friends" wants to Tax Audit Track for 7 years .. Do you have your answers easily ready?
  • Do company meet all Legislative Deadline to avoid fines .. Tax Planning
  • Do you know what you own and what you owe? .. Assets & Liabilities in your Balance Sheet.
  • Why you are not making money & how to correct it?.. Productivity, Costs or Productive Activity.
  • Do you have Accountability Account to be costs effective & not waste?  .. Manage by Objectives through Planning & HR Organistion
  • Do you have a performance record and profile to Talk to a Bank to get Financial Support to even out the ups & downs?



 lnkiconOptimal LAN system lan1for Apps to run your business

pro AccountAcAp + support

Dummies just Input Data 

Our Service OverView

 Our Service comes in a Pack with the following true unique Retiree's HiW support features.

You can see the details in lnkiconMulti purpose Ac Package

eduTlBox      ladderK   off on    


Our Ac Package supports All ... not Cloud or others





◄Back to portsum1 Biz Practices



18 August 2020



Bosses' Worries

  • Cash Flow, AP/AR Aging, CBT
  • SST/GST Accounting & Returns
  • Salary/Daily Workers Accounts
  • Tax Estimation CP204/500
  • Operation/Project: Gross Profit%
  • Staffing / HR Turnover Problems
  • Legal Deadline, Comply & Fines
  • Government Audit (Tax/GST/SST)
  • Operation Control (HR/Reports)
  • Future of your Business . SWOT

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