Choo Hong Peng (HP)

Chartered Accountant, Singapore Email: choohp@realtimme.net

Not all 2 Unit of measures features are built the same

Some software can handle 2 unit of measure for the same stock keeping unit (SKU). Some software can only record single unit of measure. What are the businesses that requires 2 UOM? What if your system only can manage a single UOM only but you need 2 or more? Are all 2 UOM fits all businesses? For point 1, we use a retail business as an illustration. If you sell bottled drinks like Coca-Cola, you […]

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Performance incentive for employee

We have read, in the social media or hear from our customers, that our employees have performed below the customers’ expectation. You may have a comprehensive SOP for your staff to follow, but the execution part is always a challenge. If you are a SME, you may not have a supervisor to monitor the junior staff’s performance, or even the supervisor may also breach certain rules. If it is not serious, staff will apologize every

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No more returned email

Do you create a new email accounts when a new staff join you, using their name followed by your domain name? What if the staff resigned , likely that you will disable this email account. and you failed to inform your customers and or suppliers who have been communicating with her that this email account is no more in use and to use another email?  They will received an returned mail that informed them the

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Accounting for expendable Items….a necessary evil

Many users asked or believed that expendable items need not be taken up in the inventory system or those in the service business where they do purchase inventory for use in the course of delivering their services or job sites in projects accounting If you look at a recent case where  one of the NPark officer asked for bribe from hat supplier  not all 10,000 units of hats were delivered but the full amount was paid out

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