Asia Hawk Launches IRAS-Approved Accounting Software for SMEs
Singapore (PRWEB) July 07, 2013 -- Asia Hawk Pte Ltd, the IT software solution provider that brings affordable technology to small and medium sized enterprises (SME), enables entrepreneurs to optimise their accounting systems for easy and quick access to critical business information, from simple transaction data to complex sales figures, that are essential in their decision-making.
MoneyWorks, the accounting software launched in Singapore by Asia Hawk, fully automates transactions and records all bookkeeping and financial data for any business, whether it is a home-based SME or a large organisation that employs hundreds of people.
It is a comprehensive accounting and business information system that covers a wide range of functionalities from general ledgers to budgets, bank reconciliations to cheques, customer and supplier database to sales and purchase analysis, accounts receivable and payable to cost centre accounting, sales and purchase orders to inventory management, product pricing matrix to discount options, and job costing to time sheets, among many others.
“A superior accounting solution like MoneyWorks brings operational efficiencies to SMEs making it possible for owners to stay focused on growing the business. Likewise, it gives them a snapshot of key figures and indicators so they get a better view of the performance of the business,” Anson Ang, Director of Asia Hawk.
He added, “For a powerful software it comes with an intuitive user interface making its functionalities easy to use. Highly suited for SMEs, the system is scalable, fast, reliable, secure, and cost-effective. It works on both Mac and Windows PCs.”
MoneyWorks has superior audit trail and reporting capabilities that business owners can benefit from. The forms such as invoices and purchase orders and the reports like profit and loss and balance sheet can all be customised. It is able to generate the quarterly GST return and the annual tax return automatically and the SMEs are assured they are using a system approved by the Inland Revenue Authority of Singapore (IRAS).
Moreover, using this accounting software the entrepreneur gets to keep track of which business units are bringing in the revenues and those that are not faring well, and who among customers are slow paying or those with outstanding balance. It also allows multiple currencies that help deal with exchange rate issues. Overall, the solution eliminates human error in financial transactions as well as the strain associated with managing company accounts.
Asia Hawk advocates utilising grants for SMEs in order to defray the cost of implementing the accounting solution that complies with the IRAS guide. Business owners can apply for the Increase SME Productivity with Infocomm Adoption and Transformation (iSPRINT) grant with the Infocomm Development Authority of Singapore (IDA) to deploy MoneyWorks. An IDA initiative, iSPRINT aims to encourage the adoption of infocomm among SMEs.
Besides assisting SMEs with the submission of their application forms for the grant, Asia Hawk offers a free trial so they can experience the benefits of using MoneyWorks first hand. Call +65 6347 7777 for a free demonstration of its functionalities and know more about this accounting software at http://www.asiahawk.com.
Bill Tan, Asia Hawk Pte Ltd, http://www.asiahawk.com, +65 +65 6347 7777, [email protected]
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