Doing business is about making the most of available opportunities with the occasional instances of following your gut. You must be ready to pull up your sleeves and work like you are on borrowed time.
At the same time, smart entrepreneurs know how to complement business acumen with sheer hard work. Strategic moves like engaging a reputable accounting firm in Singapore will help you keep a tab on your money and manage it well. There are must-have tools at your disposal if you desire to take your business to new heights in the new year.
Here’s a look at six of the best tools to give your business a great start in 2020.
1. Collaboration and Project Management Tools
Due to advances in technology and a transformation in the labour sector, there is an increase in companies welcoming remote working. Plus, flexible working is an essential perk today. However, it can be hard to keep up with what everyone is doing when they are not under your nose.
Collaboration and project management tools such as Trello and Asana help to move staffers from under your nose to your fingertips. You can keep up with project progress, share files and notes, brainstorm, alert staff about project stuff, video chat and more. The best part – distance is not an issue.
2. Creative Marketing and Design tools
Without a doubt, visual aesthetics sell. But creating stuff on software like Photoshop requires skills and knowledge. Many small business owners who don’t have the necessary know-how and cannot afford to hire a professional designer could let this opportunity fall on the side. But you don’t have to do that. Fortunately, design applications such as Canva make it easy for even novice users to access templates and design attractive graphics for their websites, social media, posters and more.
3. Expense Tracking Tools
Tracking your expenses is a vital activity right at the heart of your business. And what matters most is the accuracy of the report. Expense tracking tools offer a variety of solutions, such as scanning receipts on the spot. They are also mobile-friendly, scalable, and can easily integrate with accounting software like QuickBooks. If you feel like accounting is out of your element, hire an accounting services company so they can handle your accounting needs professionally. They are also well-verse with various accounting software to serve you better.
4. Accounting Services Tools
Accounting tools such as Xero make accounting work so much easier. Functions like inventory management, data imports and account reconciliation can help you see an overview of how your business is performing.
For many years, small business owners have been doing accounting and bookkeeping in-house. However, many professional account services available today also cater to businesses with small transaction volume so everyone can benefit from better financial management.
5. Automated Customer Service
Your customers spend 60% of their time on the Internet. It is highly likely that you will receive an influx of emails, requests and comments – all of which will require some help to sort through and give prompt responses. You can always automate customer service tasks such as inquiries handling and order processing, especially if you are in the e-commerce space.
6. Cybersecurity Software
The Internet is a great business tool, but also a good hideout for fraudsters. Although many small business owners assume that cybersecurity is an issue only for big corporations, they are the ones that are likely to be targeted. Three out of five SMEs in Singapore face crippling cyber threats. Therefore, a cybersecurity software is a must-have tool. Also, look to educate your team on the best cyber practices to minimize the threat.
With the availability and convenience of tools today, you can enjoy greater variety to find the right fit for your business.
Should you require any assistance on accounting services, feel free to drop us an email at email@example.com or contact us at +65-66358767. At Ackenting Group, we offer a complimentary 30 minutes online consultation for us to better understand your business requirements.