Journey of the paper receipt - PWIB 2013 event by The Athena Network

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Shoe boxes of receipts was how it all began a decade ago.

The director of a company would hand a shoe box filled with receipts to the bookkeeper who then meticulously pastes each on a piece of A4 paper, and finally scans them to the desktop computer.

The journey is both expensive and time-consuming. There is no opportunity to do high-level tasks like forecasting or cash flow analysis in order to achieve your short and long-term goals.

As the cost of accounting is trending with the growth of the company, our solution is to decouple.

Futurebooks's finance manager - Namita Sethi, gave her perspectives on the journey of the paper receipt and how to put your accounting in the cloud on 26th November 2013 at the event Powering Women in Business by The Athena Network.

Published in: Business, Economy & Finance
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Journey of the paper receipt - PWIB 2013 event by The Athena Network

  1. 1. Prepared for directors of startup companies in Hong Kong and Singapore As of November 2013 FIND THE RECEIPT: PERSPECTIVES FROM NAMITA SETHI
  2. 2. OUR SPONSOR www.futurebooks.com.sg
  3. 3. ABOUT US @futureb00ks www.futurebooks.asia www.futurebooks.com.sg
  4. 4. FIND THE RECEIPT www.futurebooks.com.sg
  5. 5. FIND THE RECEIPT Manually paste up receipts www.futurebooks.com.sg
  6. 6. FIND THE RECEIPT www.futurebooks.com.sg
  7. 7. 80% OF TIME IS SPENT FINDING THE RECEIPT www.futurebooks.com.sg
  8. 8. TRADITIONAL FINANCE DEPARTMENT Traditional solution is to throw more people at the accounts department www.futurebooks.com.sg
  9. 9. TRADITIONAL FINANCE DEPARTMENT Company growth Cost of accounting (manual entry) Cost of accounting (using automation) www.futurebooks.com.sg
  10. 10. LET CLOUD AUTOMATE Put receipts all in one place www.futurebooks.com.sg
  11. 11. RECEIPT ORIGAMI Spit balls www.futurebooks.com.sg
  12. 12. REDEFINE BOOKKEEPING Move to the cloud Automate tasks High level computations www.futurebooks.com.sg
  13. 13. TERMS OF USE www.futurebooks.com.sg

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