Mompreneur as Freelance Accountant? Why not?

Mompreneur as Freelance Accountant? Why not?

Mompreneur? Why not? As time goes by, the debate between housewives and mothers who work as career women seems endless. In fact, if you can do both at once, why not? Now, housewives can also become career women even though they do work at home. One of the professional options to choose from is a freelance accountant .

Freelance accountants are people who work in accounting based on a contract, not as permanent employees. Each contract can last for different times, depending on the project given by the company or client. Sounds pretty flexible, right? The freelance accountant profession allows you to become a mompreneur without having to often leave your children at home.
6 Steps to Starting a Business as a Freelance Accountant

6 Steps to Starting a Business as a Freelance Accountant

Almost all companies need an accountant to manage their finances. Some companies are not able to recruit employees full-time or permanently so they use the services of freelance accounts. Basically, this profession is the same as other accountants, but freelancer accountants have more flexible working hours.

Generally, after working as a freelancer accountant for 2-3 years, you can develop a career as a full-time accountant. The majority of them usually choose to become financial planners or chartered accountants after equipping themselves with sufficient education. If you are interested in exploring the profession as an accountant freelancer, here are ways you can get started
Why is the corporate accounting system so influential?

Why is the corporate accounting system so influential?

The company's accounting system is very influential on the process of developing company performance. A bad company accounting system can worsen the financial condition of a business. There are two possibilities behind the deteriorating financial condition of a business, namely the amount of profit that is not sufficient to cover additional expenses and too much money spent on a job or a client. 

How do companies find out which reason is causing their financial condition to decline?
This is where accounting plays a big role in business. In order for a business to run successfully, the company's accounting system must run well from the start. Because if you don't, your business could risk losing income.

All Important Information in Business Accounting

Business accounting provides all the basic information about sales, the amount of money deposited in the bank, profits, losses, and so on. The decisions made in business are based on company accounts. For example, many people use software to balance business accounting. This will make software players believe that accounting can balance itself. In fact, this assumption is not true.
Just entering various accounting data into the software will not immediately balance the advantages and disadvantages by itself. Businesses must match their bank accounts to ensure that every transaction is accurate. The reason is, payments made could be wrong due to typing errors. Regular checking of bank statements of transactions can help prevent these errors.

Everything Related to Customers

Every business is almost always in touch with customers. Often times when a business transaction is in progress, customers will be charged a sales invoice that they would not normally pay on the spot. The lag time can even be up to 2-3 months and when they do, they will most likely pay more than one invoice. A good accounting system will allow you to know which customers are late making payments. You can also take a policy to collect payments immediately or stop working with them.

Not Checking Invoice Routinely

With a good accounting system, you can check your financial condition easily and practically so you won't be reluctant to do it regularly. One important aspect of the accounting system that must be regularly checked is invoices. Not checking invoices queried routine, whether the invoice for the sale or purchase, can cause your business to lose revenue. Every invoice entered in the accounting books must be checked twice, starting from price, shipping, taxes, and so on. 

Even if you are already using software, the risk of a bad accounting system can still occur. People who upload data to a computer can make mistakes. These various errors can be prevented by routine checks. This is where you and all employees in the company are required to put forward a detailed and accountable accounting system.

Creating a good accounting system is one of the first steps to business success. You will be able to manage funds accurately and consistently, which in turn will have a positive impact on all aspects of your business. Kiper as a cloud -based accounting software provides a free trial for you, try it now . Take the time to consult with an accountant so that you are kept up-to-date in creating a good accounting system for the company.

Should Your Startup Be Scalable?

Should Your Startup Be Scalable?

Lately, many startups , especially those in technology, are starting to apply scalability to their business. Various reasons arise, ranging from efficiency to improving business performance. But their goal is one: the progress of the startup itself.

The scalability of a business does promise a startup to be able to generate large profits and valuations of their business. Unfortunately, not all startup types have to push scalability into their startup . There are even startup types that are just not suitable for implementing scalability into their business model.

Then, how do you know if your startup really needs scalability to develop it?

Lately, there's been a lot of pressure on young business people. The emphasis is on building scalability at startups , rather than focusing on their efforts using different business models. In fact, it is not certain that a startup needs this to move forward. In the end, it is a waste of time.

It is true that many venture capitalists are reluctant to invest in startups that do not have scalability. However, this assumption is still being debated and of course all decisions return to you as a startup owner .

This means you don't have to change the origin of your business. Keep in mind, even venture capital firms are not businesses that apply scalability to their business model.

There are always business people who are more suited to creating a web design company, clothing label , or business consultant than building a software platform. This is why not all startups can apply scalability to their every business model.

Going back to the basics of forming a business, what are your goals? Basically, there are three things to think about before starting a business, including:

5 Technological Ways to Facilitate the Accounting System

5 Technological Ways to Facilitate the Accounting System

The majority of online businesses tend to ignore numbers because they are considered time-consuming, too confusing, or involve software that is difficult to use. As a result, according to the Inc.com website , 64% of businesses also have weak accounting systems.

Don't let that happen to you. As a business owner, you have complete control in determining the future fate of your business, especially for the accounting aspect. One way that you can help the accounting system in your small business is to involve IT technology.

Immediately Move to the Cloud System

For small businesses, moving accounting systems to cloud networks makes it easier for users or employees to work from anywhere as long as there is an adequate internet connection. This is also often referred to as a cloud accounting system , which will allow you to work collaboratively with other employees so that work can be completed quickly. Moreover, cloud -based accounting software generally always backs up data automatically, so you don't have to worry about losing data. If you are confused about choosing software, you can use Kiper as a cloud accounting system service for your business.

Stop Doing Manual Entry

Many people who spend a lot of time to do the entry of accounting data of their business, such as payments, purchases, invoices, and so forth. In fact, when you make a purchase, the proof will be printed directly on the company's credit or debit card statement. Likewise, when you make a payment, it will be printed directly on your bank statement. All such information is already present in the form of digital, so in fact you have no need to do an entry manually on a worksheet in physical form. Choose an accounting software that allows you to import data directly from bank account statements and credit cards.

Automation to Prevent Human Errors

Running a small business requires you to track large amounts of various data, so implementing an automation system will save you a lot of time. Are you still entering invoice data manually and using physical spreadsheets to store information? It will only make you work harder. Well, digital software allows you to create invoices and automatically place income reports, taxes, and other details to the right location.

Save Tax Time


How much time and energy do you spend on taxes each year? You can save that time and effort by using a cloud accounting system. This one technology will collect all your transaction data, then you can collaborate with company accountants to tidy up the data. When tax time comes, you don't have to worry because there are no questionable accounting data. Everything is neatly organized in the cloud system you use for corporate accounting.

Track Accounting Details

As a business owner, it's hard for you to always make sure all the details of the business are running properly even if you really want to. There is a lot of responsibility to carry out, and while "jumping" from one aspect to another, sometimes small but quite important things are overlooked. An intuitive accounting tool will help you monitor these things, such as billing deadlines , unpaid customer invoices , or real-time reports . Small business accounting systems are too important to ignore, but fortunately they don't take too much time to manage. Software -based cloudcan be used easily and will simplify your business.

Those are five ways that IT can simplify the accounting system for your small business. It is time for you to move your manual accounting system to digital, namely by using cloud -based software such as Sleekr . The use of time will be more efficient and you can focus on other aspects that are no less important to pay attention to. So, register your company now and get service for free from the goalkeeper.
When Is The Right Time For Companies To Hire Accountants?

When Is The Right Time For Companies To Hire Accountants?


Accountants can help grow your business at various phases. They can handle more than just paying taxes and employee salaries . You will need input from an accountant when making business plans, the company's legal structure, and of course to help deal with the financial aspects of the company . This doesn't mean you have to hire accountants full-time. For small business people who are pressing expenditure figures, this is certainly not an option. Then, when do you have to recruit accountants at the company?

Ready to Delegate

As a business owner, you have complete control over the company, from working hours, business strategy, to handling the financial aspects yourself. There is satisfaction in itself when you do everything successfully. However, doing so can make you overworked and stressed. This is where you should start considering delegating and entrusting someone else to work on some aspects of your business. Delegating the financial sector to an accountant is a good first step. Once you leave your company finances to your accountant, you can focus on other aspects of your business.

Dealing with the Government

Managing a pile of government paperwork can be overwhelming when you are running your own business. That's why many small business owners decide to hire an accountant when the time for their first tax payment draws near. Even so, accountants can also handle other things besides paying taxes, such as completing various legal documents needed by the company, keeping the company up-to-date with the latest tax information, preparing annual reports, checking company status in government databases , ensuring every code employee tax is recorded correctly, and so on.

Companies to Be Audited

If your company is being audited, this is a good time to hire accountants for the company. The accountant will provide input on how to work during the audit process and help ensure that you do not violate any tax regulations. Even so, it doesn't hurt to hire an accountant before the audit process takes place, especially if you can find an accountant who offers audit insurance. The insurance will cover the costs you have to pay if your business has to do something about the results of an audit conducted by the tax department. An accountant who offers audit insurance will not ask for additional fees during the audit process.

Applying for a Fund Loan

Applying for a loan from a bank is a reasonable step for any business to take. When you apply for a loan, the bank wants to know if they will get the funds loaned back. They will analyze whether you deserve the loan. An accountant can help increase these opportunities. Withgood accountingsoftwaresuch as Sleekr Accounting ,your company's accountants can provide various data that can support loan application applications. Accountants are also the ones who will answer questions from banks regarding financial issues.
Business Starts to Grow The business world is always dynamic. A big project that comes up can be an opportunity for your company to grow rapidly. An accountant will help you deal with this transition, such as hiring employees or finding a larger office. In addition, accountants also pay attention to details such as tax management, employee payments, and so on. This will enable you to focus on other aspects of growing your business. Through accounting data, accountants are also able to provide insights to help you grow your business through financial analysis.

As can be concluded, accountants are able to assist you at various phases of the company's development. You don't have to hire an accountant right away, but you need to consider that an accountant will make your life easier because you can concentrate on other things that also need your attention.
3 Main Roles of HR in Startup Scalability

3 Main Roles of HR in Startup Scalability

Startup scalability is always associated with the growth and development of the startup business. Startup businesses are often late in understanding the meaning of the word "agility" and incorporating it into the development of their company. In fact, agility is the character most big businesses want. In this case, agility is the ability to use the smallest amount of funds, answer all challenges satisfactorily, or solve problems before they even arise.

In other words, the level of startup scalability must be continuously improved in their business. Many steps can be taken to achieve the startup's scalability, one of which is quite important is to involve the role of HR. However, the future of startups lies in the hands of its human resources, where HR has the expertise to "find" the best HR for a startup. So, the following 3 things are the role of HR in startup scalability.

Optimize Employee Recruitment Process

Basically, startups also have the same strategic problem as large companies, namely having the right number of the right type of people at the right place at the right time. Coupled with the right performance and at a redeemable cost. The point is how to use employees as effectively as possible at a cost that is also reasonable and affordable so that the company can develop quickly and accurately.

This is where the role of HR in startup company scalability comes in. HR must be able to choose which employees the company can use to move agile in accordance with business developments at that time. With employees who have skills like this, startups will move stably and predictably. When all conditions are comfortable, your business plan will run perfectly. As such, the business forecast graph will be flatter.

Preparation for Business Growth

The business forecast later determines the needs in a linear and easy to fill manner. When the business grows, the business forecasting mechanism will adjust accordingly. But if the business is moving slowly, of course this will bring startups to slow down.

Business growth requires HR scalability. In the scalability mechanism, transitions and timing are key points. While conventional hiring aims to keep the business on top, scalable hiring tends to anticipate how future opportunities will affect the needs of team members.

Helping Business Model Transitions

HR scalability will also be important when there is a transition from one business model to another. This makes the old model easy to forget so that the new model can be done easily.

In the early days of growing business, business people will benefit from the flexibility of their business. Employees are easy to move actively and their tasks can still follow the direction of the business. It is also what will disappear when businesses start forming their respective organizations. When a startup assigns ranks, sets job descriptions, and starts showing organizational schemes, it limits an employee's agility and adaptability.

The traditional concept of the organizational structure of a business must be thrown away to keep up with business developments and replaced with something that is not limited, something that is adaptable and of course fresh. This will make employees ready and willing to improvise, motivate themselves, and work independently.

Current HR must be able to develop by itself. Today's business development demands the role of HR who can work in a multitasking manner to be able to survive in the midst of increasingly fierce business competition. The role of HR, which is required to be able to do multitasking work, creates an interest in using a system that helps HR work. Systems like HRIS Cloud  today are very helpful and simplify HR work. HRD personnel management can be completed easily and quickly, with accurate results. Sleekr, as the mainstay HR software that employees love , can be a solution for you for this. Register your company for free now .

Cloud Accounting, Solutions for Small and Medium Enterprises

Cloud Accounting, Solutions for Small and Medium Enterprises

 

Basically, cloud based accounting  software is  not that different from conventional accounting systems or accounting software that you are used to. It's just that, the performance of cloud accounting applies the Software as a Service (SaaS) business model . All accounting data that you enter in cloud accounting is  sent to "the cloud", where it will be processed and returned to the user. In cloud computing, you as a user can access software applications via the internet by using certain cloud application service providers .

Using cloud-based accounting software  as a business accounting system makes you no longer need to install and manage software on each employee's computer individually. Cloud accounting software  enables employees in various departments and even other branch offices to access the same accounting data through a uniform version of the software . Not only that, cloud accounting also makes it easy for you to get real-time accounting reports with collaboration capabilities.

What is the difference between cloud accounting and conventional accounting software?


Of course there are several things that differentiate cloud accounting from conventional accounting software . Cloud  -based accounting software  tends to be more flexible because it can be accessed from anywhere via any device as long as there is an adequate internet connection. Then, unlike conventional accounting software , cloud based accounting software regularly updates financial information automatically. This means that the data in it will always be accurate and errors can be minimized.

In addition, cloud based accounting software  also does not require complicated handling when compared to conventional accounting software . Provider of cloud accounting, such as goalkeeper, will supplement the data with backups and updates are done automatically. You also don't need to download or install certain software on your computer or device.

How is Accounting Data Security in Cloud Accounting?


No need to worry about the security of your accounting data. Cloud based accounting software  provides a level of security that is at least equivalent to data storage in conventional software . For example, your computer or laptop that contains important accounting information could be lost or stolen. This can create a risk of data leakage. Meanwhile, cloud based accounting software  will not leave a trail of these important data on your computer or device. Access to cloud accounting data has also been protected using a password and encryption system.

Data sharing also tends to be safer. Through cloud based accounting software, you and other employees can access the same data only by using certain passwords . This is certainly different from conventional methods which often require you to use flash drives when you want to transfer data, which has the risk of being lost or stolen.

In addition, most cloud accounting providers have backup servers in two or more specific locations. If something goes wrong so that one of the server networks goes down, you can still access your accounting data through another server . Compare it with data in conventional software that can be lost because the device is damaged or other bad things happen.

Interestingly, cloud accounting can save on company expenses because you don't need too much server infrastructure to store data. You also don't have to hire IT employees to manage or update a cloud accounting system . So, for business continuity, make sure your accounting system is well integrated through cloud accounting. Sleekr Accounting  can be a solution for your cloud accounting needs . Register for Sleekr for free now and get an accounting software that makes bookkeeping and financial management easy in your company.

The 10 Key Skills of a Startup CEO

The 10 Key Skills of a Startup CEO


Startup? You are the CEO of a startup company? If so, you need some key key skills so that your company can work effectively and efficiently. We've listed the top 10 skills a startup CEO should have. Take some of your time to develop and refine the following skills: 

 

Mission Clear

A CEO, a leader in a company, must have a target in running his business. If you don't have this target, your employees will work without any clear direction. You are the leader, you are the one who directs them to work together to achieve the targets of the company.
This target must be a clear and understandable mission statement, you don't have to ask all employees to memorize word for word of this mission, but what you have to do is make them understand and can go hand in hand in order to achieve the company's goals. 

 

Work with people who inspire, challenge, and make you better

Indeed, hiring or working with people who obey all orders and agree to whatever your opinion is is a plus for you. But have you ever thought about stepping out of your comfort zone and trying to work with people who are different from you? People who can provide challenges and new ideas when you hold a meeting, for example. Believe it or not, it can provide better benefits for your company, you can work with partners who have expertise that is far different from yours, or hire people from different backgrounds and experiences. 


Show it, don't just say it

If there is a new project or thing that needs to be done at your company, the best way to tell employees is to show the reasons why it should be done and invite your employees to work together so that it can be resolved.
Give them the freedom to use their respective skills, so they will feel that the job is really theirs. Do you know? There is nothing worse than working slackly, waiting to be told what to do and when to finish it. Productive employees reflect the employee's comfort at work, and the end results of them will be very good if they feel comfortable. 


Find solutions for a more effective and efficient process

Daily administrative activities can slow down the company's performance, and a startup business that is not big shouldn't waste time, energy, and money on paperwork. Startup companies must be aware of technological advances, and you should be able to find out what systems can help you streamline the work process in your company .
Don't let your company have ineffective and efficient processes, and find solutions so that the company can continue to develop its business processes. 


Continue to Watch Company Progress

A CEO is obliged to know how his company's business processes are, how the work of his employees, and where the development of your company has been. Provide data about the time and effort that has been given to the company's development process to your employees and provide good enthusiasm and maintain employee performance in order to keep track of the company's goals. 


Clothes must be neat and tie? Certainly not

Neat business clothes are not a measure of employee performance, it will be good, don't ever force employees to wear clothes that make them uncomfortable.
A comfortable office is also a productive office, providing freedom (at a reasonable level) for employees to wear clothes that make them comfortable and can increase creativity and productivity at work. 


Develop Your Work Relationships

The economy is becoming increasingly competitive, surely you want to continue to be the leader in your industry right? Building relationships with other businesses, freelancers, or other startups from both inside and outside your business industry can be valuable. Being able to draw on external expertise, gain greater industry insights, and work with other companies will help your small startup company grow more. 


Inspiration and Motivation

What employees need, not just a monthly payslip, so that they can continue to be comfortable in their work. As a leader, you must be able to inspire and motivate them. Supporting them, listening to their aspirations, and letting them take part in making decisions can give them more aspirations which make them very happy and feel appreciated. 


Be a listener

As CEO, listening is an important thing to do. If you don't listen to the aspirations of your employees, then don't be surprised if your employees suddenly decide to work elsewhere. Let them voice their opinions, and be an open leader and you will learn a lot and get valuable ideas or insights that you never even expected. 


Be part of your team

It would be wrong to say that the CEO should not be part of your teamwork. Collaborating directly and paying attention to every detail of your team's work can help the company develop well. If you want your startup to grow from small to large company, you have to be part of your smallest team and get the end result of the job done.
So, the things above are the 10 main skills that you must have as a CEO of a startup company
It Turns Out That Mixing Personal Money and Business Money Is Not Good!

It Turns Out That Mixing Personal Money and Business Money Is Not Good!

One of the best practices in managing a business is to separate finances between business money and personal money. This is so that business money is not used for personal needs or vice versa, personal money is not used for business purposes. If it is mixed, it will be difficult to measure whether the business being carried out is growing (increasing in wealth) or decreasing.

The easiest way is to separate the storage. For example, business money is stored in a special money box and stored at the business location. Meanwhile personal money remains in the wallet. Quite simple actually the solution. Simple but that doesn't mean it's easy to be consistent.

There will be a condition where personal money is forced to be used for business purposes. The most frequent example is when there is a transaction that requires change but there are no small denominations in the business. Usually the money in the wallet is "borrowed" temporarily to give change. Or vice versa, the son of the business owner will pay school fees, and easily take the money from the cashier.

The conditions above are very likely to occur, especially in micro and small scale businesses . However, it does not mean that financial separation cannot be done consistently. The trick is to always record / book business transactions, whether using business money or borrowing from personal money.

What we do:
1. Keep money separately as much as possible.
2. For cash disbursements for business purposes, either using business money or personal money are always recorded as business cash expenses. Not the source of the wallet that is seen, but see its use. Regarding business or not
3. Routinely check the company's cash balance recorded in Sleekr Accounting . Make sure there is really that much money. If it is not enough, it must be added with personal money because it means that it was used for personal use. Likewise, if the physical money is greater, it means that there are business expenses that use personal money. Do not let physical money be smaller because this means business money is borrowed. Must return it immediately. But still try to be number 1 consistent.

Sleekr Accounting, helps produce sales and purchase reports for SMEs in a comprehensive and easy way. These SME sales and purchases reports are used to monitor SME business activities . Sleekr Accounting helps manage cash management better for SME businesses, both trading, service and manufacturing businesses. Register for Sleekr Accounting now and create sales and purchase reports for your UKM easily and quickly with Sleekr Accounting .