Learn the important elements of setting up an online accounting system.
Have you ever heard or read that Why business people Business owners who are not found or successful come from ‘Not taking care of the accounting system’ During this period, you may be familiar or very often hearing about businesses gradually closing down. But why are many businesses or organizations still standing strong? The answer is ‘Putting up an accounting system. ‘ As you know, it’s a trap in doing business. What holds you back from being successful is not providing proper profit and cost services. Some entrepreneurs even spend together with their own money. Therefore, today we will explain to you the importance of setting up an accounting system. Especially SMEs businesses, why do they need to be given special importance? Let’s take a look.
What is setting up an online accounting system?
in the business sense Setting up an accounting system is setting business policy. Accounting policies and accounting practices To put it simply, it is the organization of accounting documents. in a company with stable financial status I believe that there must definitely be planning and accounting system set up.
When accounting documents can be traced back Stored in an orderly manner and displayed clearly. The more you know the movements of the business very well, it can be considered that the accounting system is in place. It is the heart of doing business. Before having the accounting team understand and organize the documents into a neat system, It must start with an entrepreneur who sees the importance of keeping accurate documents. Cultivate the habit of being orderly and giving everyone equal importance. Which financial or accounting documents of the business such as receipts, tax invoices, invoices, purchase-sales tax invoices Important receipts are important to your business both now and in the future.
Why do SMEs need to give importance to setting up an online accounting system?
1. Help control and monitor business expenses accurately.
As mentioned above, we have income-expense data from trading. Accurately, it will allow us to quickly close the leaks in our business operations. Can cut unnecessary expenses and increase income, increase profits to benefit the business directly or indirectly to employees, welfare, various bonuses
2. Plan to summarize operating results and achieve tax deduction.
For every business, not just SMEs, it is necessary to submit tax deductions. Submit income statements according to the fiscal year. In this part, the documents that you need to accumulate throughout the year, such as receipts and tax invoices, will help preserve your benefits. To be able to reduce taxes If you don’t set up an accounting system Or just let it go. It will increase the difficulty and fatigue when using it. Or you can waive your own business interests. When the saying goes A good start More than half won
3. Reflect on your work as information to decide on business expansion in the future.
If you are a new entrepreneur, did you know that? If you want to expand your business Open more branches Or need capital to increase stock, what criteria should you use to check whether what you are doing is correct or not? The answer is to look at the accounting system setup that you made from the beginning. Because many entrepreneurs miss the horse while expanding their business because they choose to plan based on what customers demand. combined with inefficient accounting This is the trap of ignorance, so once you know this, you should quickly set up an online accounting system or choose to hire an accounting firm to help take care of your accounting efficiently. Before it’s too late
4. Increase business competitiveness
Business ability here may mean expanding production capacity, expanding branches, or it may mean removing oneself from the role of action to manage and look at the big picture. This must come from various sales and profit factors, but how do you know? In the end, you have to come back and look at your account.
5. Important components of accounting system planning
Accounting documents and records such as tax invoices, invoices Income-Expense Record Form Budget report, etc.
– Business policy and accounting policy
– Accounting operations form
– Tools to help with work (accounting program)
– Efficient personnel
Can you see that the importance of setting up an accounting system has a high influence on doing business? If you talk and let it go, ignore it. Doing things arbitrarily and disorderly who doesn’t want to think about the chaos in the future If your business grows exponentially and you still have to waste time setting up a new accounting system, what will happen? It’s better to get it done right from the beginning. We have seen examples from many organizations. There are many businesses where the rhythm of life has changed to grow exponentially but there is no profit. In the end, you have to sit and dismantle the accounting system and come up with a new plan, wasting a lot of time.
Today, when you know this before others like this, are you really going to let this opportunity slip away? In the future, do you really think about setting up an accounting system that you should hold it first or do it later in the future? Well, this one is up to you to decide. And if you have the accounting system set up There is an accounting office team to take care of it efficiently.
Accounting office CL Accounting is the number one choice that SME business owners choose to use. Because we are more than just an accounting office. Can give advice Plan for efficient business operations. With experience certified to ISO standards (9001:2015) and licensed as Quality accounting office From the Department of Business Development It has also been confirmed by the Revenue Department that CL Accounting is a representative accounting office (Tax agent).
