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Bookkeeping appreciation with CoCoon Hong Kong
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Bookkeeping appreciation with CoCoon Hong Kong

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We are giving an informal presentation this week to the start-ups at CoCoon Hong Kong this week. The title of our session is Bookkeeping Appreciation. more here: …

We are giving an informal presentation this week to the start-ups at CoCoon Hong Kong this week. The title of our session is Bookkeeping Appreciation. more here: http://futurebooks.asia/blog/bookkeeping-appreciation-with-cocoon-hong-kong/6548

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  • 1. Prepared for CoCoonHong Kong, March 2013BOOKKEEPINGAPPRECIATION
  • 2. LAUNCH YOURBIG IDEAwww.futurebooks.com.sg
  • 3. FINANCIAL + JUDICIALRESPONSIBILITIES Downloadwww.futurebooks.com.sg
  • 4. ACCOUNTS ARE ASAUSAGE FACTORYwww.futurebooks.com.sg
  • 5. ACCOUNTS ARE ASAUSAGE FACTORY Bookkeeper makes management accounts Accountant makes annual financial accounts Tax advisor makes the tax computation Corporate secretary holds the AGM and files reportswww.futurebooks.com.sg
  • 6. AWAKENYOURINNER CFO
  • 7. #CAAAAASHwww.futurebooks.com.sg
  • 8. ENTREPRENEURSARE CREATIVE I love customers I love talking about my idea All I want to do is make productwww.futurebooks.com.sg
  • 9. AWAKENTHE CFO Establish a budget Setup a finance email address The money belongs to the companywww.futurebooks.com.sg
  • 10. MEET YOUROPPONENTSwww.futurebooks.com.sg
  • 11. SETUP A CFOAVATAR PEACEFUL AGGRESSIVEwww.futurebooks.com.sg
  • 12. IDENTIFY YOURSTAKEHOLDERS Transaction type Stakeholders Risk Accounts receivable Customers Default on (AR) payment Cash payments (Cash) Customers Security Accounts payable (AP) Suppliers Cashflow Payroll Staff + Government Penalties and (IRAS + MOM) staff turnover GST Government (IRAS) Penaltieswww.futurebooks.com.sg
  • 13. ANALYSE 3 TYPESOF BUSINESSES Consulting business Restaurant business App store businesswww.futurebooks.com.sg
  • 14. IDENTIFY YOURSTAKEHOLDERS Consulting business (B2B) 220 #Cash, 2 TRANSACTIONS Payroll, 20 GST, 20 AR, Stakeholder: 80 customer AP (fixed), 50 AP (variable), 50www.futurebooks.com.sg
  • 15. IDENTIFY YOURSTAKEHOLDERS Restaurant business (B2C) 450 Stakeholder: TRANSACTIONS staff + Govt Payroll, 60 #Cash, 90 Stakeholder: GST, AR, 10 Govt. 50 AP (fixed), Stakeholder: 50 suppliers AP (variable), 200www.futurebooks.com.sg
  • 16. IDENTIFY YOURSTAKEHOLDERS App store business (B2C) GST, 10 Payroll, 100 1500 TRANSACTIONS AP (fixed), 30 Stakeholder: staff AP (variable), 150 AR, 10 #Cash, 1,000www.futurebooks.com.sg
  • 17. TRANSACTIONCOMPARISON Payroll GST App store Restaurant AP (fixed) ConsultingAP (variable) AR Cash 0 100 200 300 400 500 600www.futurebooks.com.sg
  • 18. TIME TO GET ABOOKKEEPER
  • 19. COMPLICATEDOPERATIONS Payroll Inventorywww.futurebooks.com.sg
  • 20. IT IS TIME TO GET ABOOKKEEPER Honey, shouldn’t you delegate that?www.futurebooks.com.sg
  • 21. VALUE OF TIME Satisfied customers Dissatisfied customers wanted $21 reward wanted $60 reward for for waiting. waiting.http://www.acrwebsite.org/volumes/display.asp?id=11176 www.futurebooks.com.sg
  • 22. FOCUS ON WHATYOU LOVEwww.futurebooks.com.sg
  • 23. INCREASE YOURFINANCIAL ACUMEN Revenue over time and sales projection Download http://futurebooks.com.sg /services/bookkeeping- service/bookkeeping- retainerwww.futurebooks.com.sg
  • 24. INCREASE YOURFINANCIAL ACUMEN Net profit over time and projection Downloadwww.futurebooks.com.sg
  • 25. INCREASE YOURFINANCIAL ACUMEN Score entrepreneurs performance Downloadwww.futurebooks.com.sg
  • 26. METRICS Cost per click Daily Active Users (DUA) Cost of acquisitionwww.futurebooks.com.sg
  • 27. ABOUT US @futureb00ks www.futurebooks.com.hkwww.futurebooks.com.sg
  • 28. TERMS OF USEwww.futurebooks.com.sg