With the announcement of the SME Digitalisation Initiative during Budget 2020, the idea of digitalizing your accounting processes is more prevalent in Malaysia than ever. With up to RM5000 of matching grant, cost is no longer an issue. Here’s why you should get onboard with owning an accounting software.
- Cut the paper work
Digitalization are not only environmentally friendlier than papers, it helps you to cut cost by eliminating the need for papers, pens and other stationaries. Hardcopy documents are hard to store and are prone to wear and tear when kept over time. Without a proper archive, it makes it tedious and time-consuming to look for a certain document unlike with a software, you will be able to search for it with a few keywords.
- Eliminate errors
We as humans are prone to make mistakes, especially when deadlines are just around the corners. Hence, a software is designed in a way to detect irregularities and inform you to rectify the mistakes. With this alone, it can save you big bucks and lots of time as compared to doing everything manually.
- Systematic set of data
With digitalization, there are many ways to organizing and saving your data. This ensures that these important and valuable resources are well-kept and can be easily revisited. This is important in the long run when your business expands and is no longer able to be tracked manually.