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A famous Chef once said “you don’t need a silver fork to eat good food.” Similarly, technology has prised open a world of modern and cost-efficient accounting services. Here’s how you can eat like a king without the mouth-watering fees that traditional accountants dish out.
As a small-business owner with lean cash cushions, saving money, especially during a deep downturn, can seem challenging.
Some temporary measures that help rein in expenses include slashing ad budgets and payrolls. But most will agree that preemptive measures are a lot more effective than reactive ones.
A 2019 SBF annual National Business Survey showed that “nine in 10 (SMEs) recognised the importance of business transformation to remain relevant and competitive, as the world becomes increasingly digital.”
To meet the challenges of a rapidly changing world, businesses have to turn to technology and implement new strategic initiatives. In an interview on 30 March 2020, Minister for Communications and Information S. Iswaran said the value of digitisation transcended all sectors including small and traditional businesses.
As you reassess your business plan and take stock of your cash flow, here’s where Counto can help you find your bearings in these extraordinary times:
1. To weather a storm requires deft financial management. We take care of your taxes and bookkeeping, all in one place.
2. We do not charge notoriously high accounting fees that impair your business’ ability to maintain a healthy profit ratio.
3. Rather, it’s our artificial intelligence (AI), built by our in-house engineering team, that allows us to automate bookkeeping work for truly seamless financial processes.
4. Our accounting plans are fixed and matched to your revenue: the less you earn, the less you pay. We also offer unlimited transactions—a key differentiator from our competitors.
5. For online sellers, get multi store and currency bookkeeping plans at a fixed price (that’s money saved twice).
6. More than ever, the ability to manage data is crucial to a business’ success. Our platform securely stores and organises your documents in real-time and one place. Need supporting statements for your loan? Download them. Facing an audit? Don’t panic. We keep proper records of all your transactions.
7. Your tax prep is powered by AI.TaxAssist: our own IRAS-approved, AI-based tax software. Say hello to real tax filing efficiency.
8. Retain ownership of your digital data. If you ever choose to cancel your subscription, your data goes with you. No questions asked.
9. Our Customer Success team will go above and beyond for you. We’re here for you by phone, chat, email, and meet-ups.
10. Nope, accounting software like Xero and Wave can’t fill the skills gap of an accountant, especially where accounting regulations and strategic advice are involved.
Doing the work of an accountant just isn’t one of the many hats an owner has to wear anymore. Our approach challenges the old way of doing things by providing a low-cost, high-tech accounting solution for small businesses. Which, in turn, creates measurable benefits for you and your employees.
Try Counto for free today! We’ll do one month of your bookkeeping and prepare a set of financial statements for you to keep. Contact us now!
