Lumeng Lim, Author at Oojeema

14Jun 2017 by Lumeng Lim

How to Get Bookkeeping Clients Quickly: 3 secrets for accountants

It’s beautiful weather as spring rolls in to lighten everyone’s mood. People try cheerfully going about their day. But something is nagging their minds about what they have to do. It’s something that they can’t postpone any longer. This time of year can, of course, only mean one thing. Tax time! So this means big business for accountants, right? Not necessarily. You may think accountants would have a field day getting clients left and right. But that’s not always the case. There are so many capable accountants and bookkeepers out there that you must know how to get bookkeeping clients in order to get ahead in this game. How to get accounting clients Always Ask Everyone for Referrals Too often people are shy about getting referrals. This should not be the…

13Jun 2017 by Lumeng Lim

Accounting Just Got Exciting (We couldn’t believe it either!)

For Accountants

Image by rawpixel from Pixabay You read that right. Accounting can be exciting. It may not be passing-the-CPALE kind of exciting, but it IS still exciting. How is that possible? Technology. Technology and accounting are two inseparable concepts in bookkeeping. But technology back then was not enough to amuse us in any way. But not anymore. Technology has evolved so much in the past five years that keeping it out of your accounting practice means a big loss (and bore) to your career. In fact, if you want to progress in your career, you have to think beyond the confines of the traditional ledger and bean counter and be an IT-savvy partner who keeps both your superiors and your colleagues always updated on their numbers. You do this by accessing…

08Jun 2017 by Lumeng Lim

Expedite your Point-of-Sale Systems with Oojeema

For SMEs

What are point-of-sale systems?Point-of-sale systems (POS) are great tools in recording your retail transactions quickly. At the point of sale, the POS calculates the total amount due and generates the receipt for the customer. Basically, it handles the bulk of the daily operations of the store. At the end of the day, reports can be generated to see how much sales was made and how much inventory was moved.Problems faced by storesEach day, retail stores need to move quickly to make as much sales as possible, and the point-of-sale systems help a great deal in this area. But making a profit does not end there. An accounting of all transactions during the day should also be accounted for. Was there emergency buying done? How much did it cost? How was it paid for?…

24May 2017 by Lumeng Lim

What Everybody Ought To Know About Technology And Accounting

For Accountants, For SMEs

These days technology plays a part in even our simplest tasks, be it being woken up by an alarm, paying bills online or even just talking to someone. So, it is not surprising that technology and accounting are linked. In fact, Huffington Post says technology plays a significant role in the way we do business, including the local accounting practice. With technology comes change, and there has been a noticeably big difference in the way balancing books and verifying ledgers are done in today’s day and age. With the emergence of different software systems to support various accounting tasks--from filing invoices, making sure balances are in check, payroll, preparing sales forecasts, internal auditing, and government tax filing--it has clearly become easier for accountants to complete their jobs with accuracy and…

17May 2017 by Lumeng Lim

Free Accounting Software: Which is Best for You

For Accountants, For SMEs

A lot goes into setting up a new business, and this can be pretty overwhelming, especially for someone who is going into this for the first time. Where to start? How to begin? Among the many things that need to be carefully planned is how to effectively utilize the startup money. There is certainly no room for error in this area, and it is important to stretch the budget as much as one can. So it is crucial to know which ones you need to spend on and which ones you can afford to scrimp on without compromising the quality. If there are things you can get for free, take it. These days there are many available resources that you can get at no cost at all, a free accounting…

11May 2017 by Lumeng Lim

5 Simple Steps that will Increase Business Productivity

Business Tips, For Accountants, For SMEs

Let’s face it. In today’s ever-changing environment and ever-growing consumer demands, expectations, and technological advances, competition in business is fierce. Difficult as it is, however, the intelligent entrepreneur knows that increasing business productivity spells a great difference for any business. What does business productivity mean? Being productive does not mean your employees have to break their backs creating the products or services you offer. Just because they are busy doesn't mean they are productive. Nowadays, productivity means increasing efficiency in all areas of work. Productivity means continuous involvement and engagement. For the businessman, this means finding the right tools to make work more efficient. Thus, a huge part of that productivity involves work management. Five steps to increase business productivity Analyze the situation The first step to productivity is finding…

10May 2017 by Lumeng Lim

Mahirap ba talaga accounting systems?

For Accountants, For SMEs

When one mentions accounting system, listeners automatically think it’s complicated. Hence, for many starting or existing small and medium enterprises, naghahanap sila ng mas madaling gamitin. At ano pa nga ba ang mas dadali sa spreadsheet AKA Excel? Excel seems to be equivalent to easy accounting system, but, sad to say... It's not as simple as we thought it was. The limitations of Excel As your business grows, there are some things Excel functions won’t be able to do. Chron outlines three limitations in accounting; we’re including two: The syntax is challenging to master. The more numbers you need, the more formulas you have to create. Ibig sabihin, kelangan mo i-memorize ang iba’t ibang syntax para lumabas ang results na gusto mo. The thing is… Minsan sa sobrang dami, malilito…

Author: Lumeng Lim