The increased living cost has made some people to find a way to get extra income. One of the popular solution to gain extra income is opening a business. Preparing a business needs a hard work, especially relates to financial management that includes create budget plan, record transaction, and review business result. Therefore understanding the three basic financial reports namely balance sheet, income statement, and cash flow statement to evaluate the business performance is necessary.
Some people who start their businesses with limited capital may earn high profit in the future. This can be categorized into Small and Medium Enterprises (SMEs). SME is the business which the required capital does not more than IDR.200.000.000. It does not include land and building for business place. To reduce the cost, some business owners even start their businesses from home. Even though it is small sized business and started from home, doesn’t mean to ignore the financial record. Indeed it is very crucial for a new business.
To support a well structured and efficient financial record, PT Zahir International as the best business management software vendor provides an accounting system. This business software is designed for small and medium scale businesses in trade, distribution, service businesses, etc. The appropriate business software package for small business is Zahir Small Business Accounting.
Why the SME is recommended to apply business management software?
The advantages of SME in using business management software are:
- To produce structured bookkeeping
- Minimize errors in transaction record
- Enable to assess the company’s financial performance
- Making business decision quickly
The advanced technology allows business owners to improve their business activity by implementing a business software. It helps the business owners to make real-time decisions based on the current information. Although it needs more fund, but it is a long term investment for the business.
