Accounting system data security Accounting system data contain confidential information that need to be safe at all times.  We need to  put in necessary security measures to deter any theft or loss of data or unauthorized personnel to access the data from happening. Physical Security – We need to ensure that the accounting system is kept in computer […]

In the business world, accounting software play a important part.  Every accounting software has their strengths and weaknesses.  Accounting software programs are not designed to be one-size-fit-all.  Different business industry will need different types of accounting software.  Before we engage ourselves in any type of accounting software, do consider 5 things. What are the 5 things to look for […]

Disadvantages of overstock In operating any business, we want to ensure that we have enough stocks to fulfil customers orders.  Keeping a large amount of inventory or stock can be advantageous as it would mean there is a lesser chance of having not enough stocks for customers.  However, holding a large amount of inventory have their disadvantages.  Below […]

What is inventory control? Management/business owners want to keep inventory at sufficiently high level to ensure smooth sales activities but need to maintain inventory at minimum level to minimize investment, and therefore maximize company’s profitability. These two conflicting objective can be met by usage of inventory control software. Objective of inventory control is To minimise […]