Accounting made easy for small businesses

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Accounting made easy for small businesses
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  • 📰 The Straits Times
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Picture this: Brewing coffee has been a passion of yours ever since you made your first cup, and starting your own café is a dream that you have been working towards. After extensive research, a little help from your family and friends, and some serious determination, you finally opened your own café.

With so much to do every day, balancing the books seems like the most daunting task as it can be time-consuming to do on your own. Furthermore, you may not have the knowledge to ensure that you are doing everything right and in the most efficient way, and paying for accounting services may be too costly. So what can you do?

Especially in a pandemic situation like this, accounting is one area that small businesses do not have time to worry about, as they grapple with multiple challenges. Financio’s accounting solution, integrated with DBS, can help SMEs better manage their cash, while juggling inventory management and business operations.

“The automated report via DBS and Financio integration has been beneficial in providing an overview of our financial position,” says co-founder Debra Lam of Society Staples, a social enterprise for people with disabilities. “Our sales department can now easily create and manage quotations, invoices and payments, resulting in an increase in productivity with the time saved on paperwork”.

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