Is there a thread for small business owner in lyn?
Anyway, I'm starting a retail store soon, and just signed up with Storehub for the ePOS system, next planning to subscribe Financio and Kakitangan.
This is my 2nd business, so I want to make it organized.

My 1st business is all over the place in terms of accounting and tax. It is sole proprietorship, a one man show company in the construction/landscape industry. While I can cari makan, i find this business is unscalable. Thus why I started the 2nd business.

Any bosses here doing small business can give advise or recommendations?

There is, but very inactive: https://forum.lowyat.net/topic/2996233

Usually more questions than answers, probably that's why quiet down. Anyway I'm interested in your feedback regarding those 3 systems that you've subscribed.

I thought StoreHub has some sort of accounting system integrated with their POS system? Some bank has partnership with Financio too, so if you're using those bank for your company, you can subscribe to Financio with some benefits I think. Plus, there are similar services with Financio too.

I'm aware of Kakitangan, couldn't find any similar competitor to them yet though. But so far, i've not heard any feedback regarding them.

May I know what's your retail store selling?

Thanks for the link, will go through the thread.

If I'm not mistaken, Storehub does not have accounting system, it does have sales report(in fact many types of other reports), can produce PO, can store customers data(for customer loyalty points system) , promotion, stockkeeping, workers attendance

I chose all those tools because this rhb sme e-solution. https://www.rhbgroup.com/business/business-...tion/index.html

I haven't subscribe financio, but my experience and knowledge in tax is near to nil so I think gonna subscribe.

I need Kakitangan to produce salaryslips for all workers, EPF and socso deductions etc, workers leave application, workers attendance. I totally believe this tool can lessen my workload, like I mentioned, the 1st business I have to manually make payments and calculate. One of the competitor I know is PayrollPanda. For Kakitangan i'm not sure about the pricing, hopefully and I think will be much lesser than I hire a full time HR worker.

My 2nd business is related to auto/cars

Regardless which system you subscribed, you would still need to pay someone to key into the system.

Financio is just another cloud based accounting software. There's no accounting software that provide tax advice nor any tax computation report for LHDN submission. If you insist to get an accounting software, look for AutoCount/SQL it's so much better than Financio.

For payroll, why not just buy a time recorder. Isn't it cheaper in the long run? Because you still need a staff to do the accounting entry so might as well train him/her for the payroll work.

Staff turnover is always a headache especially when it happens to finance/ hr personnel as you need to re-educate the new staff.

Like you, I also would like to save/cut cost but sometimes we just need to pay someone to do it and focus on more important things in life/business.

You can opt to outsource the accounting & payroll work so that you can fully concentrate on your business side of things.

Oh lol, you're using RHB too? Same here, that's how i noticed RHB is collaborating with those service providers.

These services are definitely more affordable compared to hiring a full time worker. But as mentioned by Rapple, you still need someone (or yourself) to key in the data into the software & make sense out of it. Also, another slightly cheaper alternative is to outsource it instead (payroll & accounting).

You're retailing car accessories or parts (and repairs)? Where's your outlet? I'm it's around me, i can drop by for a visit. I'm in the health & pharma retail line, unfortunately hardly related to yours But I'd love to share whatever I know & learn from you.

This post has been edited by NightHeart: Dec 24 2019, 12:04 PM

You are right.

My store is in melaka, but I often go kl too, like once or twice a week. The business is yet to start as I still waiting for stocks and equipment to arrive, and also permit perniagaan and signboard is to be completed soon. Hopefully can get everything done in 2 weeks.

Version 1 is a good read
I enjoyed reading successful and failure stories from them

Version 2 is a bit disappointing
Economy not good I guess

Woah Melaka's far haha, probably can only catch you in KL.

You're getting your stocks from overseas or local supply?

Version 1 had quite a number of biz owners, met some during the entrepreneurs meet up long time ago. Whereas IMO V2 has more "planners". To be crude, V2 is just filled with daydreaming kids asking silly questions that requires only a lil effort to find out.

Merry christmas and happy new year..

If you need to outsource the account and payroll work do let me know.

My office is in Ipoh, but we do travel down to KL once ot twice a month..

If you are still searching... give Bukku a try. We strive to be the best accounting software for Malaysia small businesses.

Link:
Bukku | Accounting software & services for Malaysia