Common Issues in the Construction Industry
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Large Number Of Transactions | |
|---|---|---|
| ● | Construction projects often require the input of project cost receipts and expenditure entries, and engineering companies are often overwhelmed by the amount of manpower required to handle these routine and tedious tasks. | |
| ✓ | The accounting system allows transactions to be categorised by project code, which makes it easier to monitor and review payments and expenses for a project at a glance. | |
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Processing Payments To A Wide Range Of Suppliers | |
|---|---|---|
| ● | Liaising with different suppliers to purchase and pay for product that takes a lot of time to process payments and issue cheques. | |
| ✓ | The system supports accounts payable, accounts receivable, and cheque issuance functions. It makes better use of your time and enhances efficiency. | |
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Financial Statements | |
|---|---|---|
| ● | All industries need to generate financial statements in different formats, and at year-end it takes time to process the statements and deliver to the auditing firm to audit the accounts. | |
| ✓ | Accountants are able to generate a wide range of financial statements, or create their own financial statement formats without additional cost by using the Financial Accounting Management System. | |
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Bank Reconciliation | |
|---|---|---|
| ● | As the company issues or receives different bank cheques, it takes a long time to clarify whether the cheques have been credited or cashed by the bank. | |
| ✓ | The bank reconciliation worksheets, bank reconciliation statements and monthly bank statements are all available in the financial system, so you can check everything at a glance. | |
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Attendance And Salary Calculations | |
|---|---|---|
| ● | Payroll calculations are cumbersome and time-consuming to handle manually with a large amount of attendance and absence data. The calculations can be complex when handled in accordance with labour laws. | |
| ✓ | Calculations are made quick and easy by using customised payroll formulas in the system which is much more time effective. | |
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Stocktaking | |
|---|---|---|
| ● | Companies tend to duplicate the purchase of goods and result in a large stockpile of goods. | |
| ✓ | The use of an inventory management system allows for a disciplined inventory count to be carried out effectively, thereby reducing the stockpiling of goods. | |
Solutions
The Wholesale and Inventory Management System is a wholesale and inventory management system designed for SMEs. It helps you to easily handle the tedious daily workflow, stock-taking, analysis and settlement. It also provides detailed and comprehensive sales analysis and management information on slow-moving products.
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The Wholesale and Inventory Management System is a wholesale and inventory management system designed for SMEs. It helps you to easily handle the tedious daily workflow, stock-taking, analysis and settlement. It also provides detailed and comprehensive sales analysis and management information on slow-moving products.
…Learn More
Human Resource Management System is suitable for companies that are still using traditional punch clocks, or those already using computerised employee attendance records. The system includes six elements: card reading, attendance, leave, payroll, MPF and tax filing, all accessible from the same system. By collecting and gathering this data in one place, it helps managers to better make decisions and allocate time & resources, improving employee efficiency.
…Learn More
Human Resource Management System is suitable for companies that are still using traditional punch clocks, or those already using computerised employee attendance records. The system includes six elements: card reading, attendance, leave, payroll, MPF and tax filing, all accessible from the same system. By collecting and gathering this data in one place, it helps managers to better make decisions and allocate time & resources, improving employee efficiency.
…Learn More
The old-fashioned manual accounting model was very inconvenient for several reasons: double-entry bookkeeping is laborious, and the process of recording a sale from the point of sale to when it hits the books may involve several steps and several different pieces of software. Now, by using our “Smart Financial Accounting Management System”, you can easily handle invoices, financial statements and trial balance, etc. When preparing your accounts and tax return. It avoids errors in the process, makes better use of your time, streamlines operations and enhances efficiency.
…Learn More
The old-fashioned manual accounting model was very inconvenient for several reasons: double-entry bookkeeping is laborious, and the process of recording a sale from the point of sale to when it hits the books may involve several steps and several different pieces of software. Now, by using our “Smart Financial Accounting Management System”, you can easily handle invoices, financial statements and trial balance, etc. When preparing your accounts and tax return. It avoids errors in the process, makes better use of your time, streamlines operations and enhances efficiency.
…Learn More
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