Cloud Accounting Solutions click here
Cloud Accounting Software is useful ONLY WHEN Fixed Assets Register, Payroll, Multi-currency functionality, Inventory tracking, and VAT functionality are available to meet the audit and commercial requirements.
Software selection, therefore, is a KEY decision for your continuing success and for cost effective regulatory compliance.
Therefore, check whether you get following features WITHOUT an ADDITIONAL CHARGE:
– Fixed Asset Register (integral part)
– Pay Slips & Employee Records (integral part)
– Inventory Module (integral part)
– Multi-currency Functionality(integral part)
– Multiple User and Ability to Restrict User Rights Effectively(integral part)
– VAT Accounting Module (integral part)
– Facility available to take free local backup
– Facility available to use backup file if you are not willing to continue with monthly payment plan.
– Module for Manufacturing & Warehousing (for bakers, cement block producers, tea factories, printers, etc.)
With all above features, our system comes to you at a SINGLE FEE with setting up cost.
– No additional fee for any feature activation
– Flexible payment plan
– No hidden charges at all
– You can proudly save some dollars for Sri Lanka
Appointment for Demo on Zoom view here
Why Accurate Business Record Is So Important click here
Financial information is just like the character certificate and the progress report for a school lever. That’s why bankers, revenue authority, future investors and lenders ask to provide financial statements and projections. Your business plan cannot be validated without these two.
People with accounting knowledge can benefit from any accounting system accessible online, but simplicity is of great use for the non-financial entrepreneurs, managers and those aspiring to be re-employed in business with a clear system knowledge.
We may analyze for you any accounting system in your mind before making a final decision or considering our own solution which is a simple yet a powerful decision tool. for non-accounting entrepreneurs and managers in particular.
Any one who seeks simplicity, accuracy and online real-time access to financial information from anywhere in the world to make business decisions for a sustainable journey may connect with us for more information.
තමන්ට අවශ්ය භාෂාවකින් ගිණුම් තොරතුරු පවත්වාගෙන යා හැකි සහා මූල්ය වාර්ථා ලබාගතහැකි කාර්යක්ෂම විසදුමක්.
Contact for more information.
Client Experience click here
As a person who has held positions from very junior level at a global audit firm up to Chief Financial Officer covering all aspect of Assurance, Advisory and Secretarial function in reputed organizations both in Sri Lanka and overseas prior to forming BizSecretaries where I am a Director responsible for business development, which already accountable for clients from various part of the globe including Middle East , Australia, Europe , Africa ,Japan and South Korea, I would say solution provided by ATMC is an ideal SME-friendly software in terms of simplicity, flexibility and features provided in one package capable of meeting all audit and commercial requirements of a typical SME.
Prasana Rathnayaka, ACA
Auditor Experience click here
As a Chartered Accountancy Firm operating since 1985, our understanding is that SMEs can immensely benefit from this affordable software introduced by ATMC. It contains all essential features we look for in an SME-friendly cloud accounting software.
Jayasinghe & Co.
Why ATMC Introduces This Software? click here
ATMC work with a motto of serving the poor to be rich and not to make a richer a poor. Accordingly, we were always looking for a software which is par with or better than popular software used in Sri Lanka., because all of them are either expensive for small businesses or complex to their level of understanding. In our search, we found this software is far better in terms of simplicity, flexibility, and in terms of facilities included in it. Some of the facilities are separately charged by other software or not available with them. That means, after purchasing them, most businesses have to by other components separately or work extensively on Excel. For examples, one popular in Sri Lanka does not have Fixed Assets Register and Payroll Facility. Another has them but at a separate cost. One more thing is it has a SUMMARY which shows you all decision worthy information for real time decision making.
There is one more reason too. Most of Sri Lankans learn software in class rooms by paying hard-earned money. However, at interviews, they are unable to answer confidently when the question is on another software. For example, if they have learnt XYZ and question was asked on similar software but with a different name, their day is finished and money spent is wasted. This has been a worrying experience for me as someone who has been interviewing many for different positions for local an international jobs. With this software, we can show them how to tackle that question confidently even when the question is on SAP, Oracle, Navision or Tally, which are used extensively in Middle East Countries.
Frequently Asked Questions click here
Who Can Use This Software? click here
Any individual, partnership or private company in any of the following businesses can benefit from it:
Manufacturing, Export, Import and Trading, Whole Sale Distributors, Bakers, Construction, Salons, Repair Shops and Garages, Service Providers, Non Profit Organizations, Hotels, Restaurants, Tour Operators, Transport Providers, Vegetable Suppliers and Growers, etc.
සිංහල භාෂාවෙන් ගිණුම් තබා ගැනීමට කැමති සියලු දෙනාටමත් මෙමගින් විශාල ප්රතිලාභයක් ලැබෙනු ඇතැයි අපි බලාපොරොත්තු වෙමු
Why Local Backup is Important? click here
This is important particularly because local restoration can be done in an event of a destructive moment or an event. Also, if you want to make an exact chart of accounts for another business you can take a backup and use it for necessarily modified chart of accounts for the new business.
Can This Software Be Purchased Outright? click here
None of the cloud based software can be purchased outright. Right to access is granted to software as it exists throughout the period. So your access right expires once you stopped paying for it. Alternatively, a business gets the right to use as opposed to right to access. You may refer IFRS 15 and IFRS 16 for better knowledge
Is There Any Feature to Be Paid for Separately? click here
All included features are coming as a single package. For example, Pay Slip included with other employee records, which other providers might charge separately
Can All Staff Members Having Access to the System See All the Features? click here
No, not at all. Access to system features can be restricted to a micro level. Example, person who handles receipt can be restricted to do only that. That person cannot delete or modify transactions
What Are the Countries Using This Software? click here
All Middle East countries, India, Australia, New Zeeland, Ireland, USA and some African countries use it. Altogether 36 countries.
Can All Reports Be Taken in Sinhala or Tamil? click here
Can It Produce All Four Financial Statements? click here
Yes. It has a nice ability to provide Balance Sheet, Profit or Loss Statement, Cash Flow Statement(Direct Method/Indirect Method) and Changes in Equity
How Long It Will Take to Set Up the System? click here
It depends. However, any company setup can be done within hours time if all required data is available. Chart of Accounts can be done within 2 hours the maximum. Precisely , all steps can be done in one day when all information are available to deal with transition point.
Does It Have Facility for Raising Quote, Order, Invoice, Goods Delivery Note(GDN) and Goods Receipt Note (GRN)? click here
It has facility for above all. System identifies your need to track inventory items to avoid any misappropriation around handling inventory items. For example, if item A was ordered and only part of was delivered with the full purchase invoice, the balance to be received is separately shown as owned but not received. This a vital feature auditors and regulators interested too. Owners have to use this ability as a very significant control against stock misappropriation. Similar facility is available for the selling side as well
Does It Have Ability to Track Store Locations? click here
Does It Have Ability to Deal With Projects and Divisions? click here
Can It Hold Documents for the Business? click here
Yes it has facility to create separate folders and attach related documents in them. For example, electricity bills can be included in one folder dedicated to it ” Electricity bills”.
Can It Handle Manufacturing or Inventory Assembling? click here
Yes. It has ability to convert inventory and non-inventory items through a manufacturing process to another inventory(stock) item
SME Glory – External Resources click here
A Way to Manage SMEs click here
Success Pillars of Family Owned Business (Posted on 24 May 2020 on FB Page)
1. Business as a Separate Person
One of the fundamental needs for a successful business is the requirement to have a demarcation line between owner and his/ her family and the business itself when dealing with each other.
a) If owner buys an item sold by the business, it must be recorded in the accounts in the same manner as for a similar transaction with an unrelated customer.
b) Similarly, if owners wife buys an item sold by the business, it must be recorded in the accounts in the same manner as for a similar transaction with an unrelated customer, regardless of the relationship to the business owner.
This must be true for any type of business ownership i.e. Sole Proprietorship, With Limited Liability, Single Person Company, etc.
2. Compliance with laws and regulations
For every successful business, it’s a compulsory requirement to know what laws and regulations are applicable and the reason for their existence. Basically, laws and regulations provide protection for the business, its owners, other stakeholders and economy as a whole, against adverse circumstances, especially, when they are products of mankind.
Under current circumstances, many organizations face difficulties to find survival support simply due to the lack of working capital support. However, this could have been easily addressed had there been accurate legal regulatory compliance – they provide confidence to w0rking capital providers.
ඇයි බැංකු සමග ගනුදෙනු කිරීම ව්යවසායකයෙකු හට වඩා වැදගත් වන්නේ? (2020 මැයි 30 FB වල දැක්වූ අදහසක්)
ඇයි බැංකු සමග ගනුදෙනු කිරීම ව්යවසායකයෙකු හට වඩා වැදගත් වන්නේ? මේ ගැටළුව ඔබට ඇති වුවානම් පහත තොරතුරු ඔබට වැදගත් වනු ඇත.
1. ව්යපාරික ඔබට එදිනෙදා බොහෝ තීරණ වේගයෙන් ගැනීමට සිදුවේ. නමුත් එවැනි තීරණ සඵල තීරණ වීමටනමි නිවරදි දත්ත සහ මගපෙන්වීම් මත ගතයුතුයි. එවැනි අවස්ථාවක ඔබගේ ගනුදෙනු බැංකුවක් හරහා සිදුකොට ඇත්නම්, කාර්යක්ෂමව මුලික තොරතුරු ලබාගැනීමට ඔබටද ඔබගේ කළමනාකරුට හෝ මුල්ය උපදේශක ට ද පහසුවනු ඇත.
2. එමෙන්ම ඔබ බැංකුව සමග පවත්වාගන්නා කුළුපග බව ඔබට මුල්ය පහසුකම් සහා අනෙකුත් තොරතුරු සේවා ලබාදීමේ දී බැංකුව නිරතුරු සළකාබලන කාරණාවකි.
3. විගණන කටයුතුවලට අවශ්ය තොරතුරු ලබාදීමටත්, විගණනය සදහා ගතවන කාලය අවමකර ගැනීමටත්, ඒවායේ ගුණාත්මක බව නිසා විගණන කටයුතු වේගයෙන් අඩු මුදලකට ලබා ගැනීමටත් උපකාරී වේ.
4. මුල් කාලයේදී තොරතුරු හිතේ තබාගැනීමෙන් ව්යාපාරික තීරණ ගත්තද, ව්යාපාරය පුළුල් වත්ම ගනුදෙනු විධිමත් ව වාර්තා නොකරනවනම් එය ඔබටත් ඔබේ ව්යාපාරයටත් ඔබ කරන බලවත් පාඩුවකි. එවැනි විටෙක පවා බැංකුවක් හරහා පමණක්ම ගනුදෙනු කොට ඇත්නම් අමතර ආයාසයකින් පසුව අවශ්ය තොරතුරු ලබාගැනීම ට ඔබට අවස්ථාවක් හිමි වේ.
5. බොහෝ අය බැංකු සමග ගනුදෙනු කිරීමට නොයන්නේ විවිධ බදු ඇතුළු රජයට ගෙවීමට සිදුවන යම් මුදලක් අඩුවෙන් සිදුකිරීම සදහායි. කිසියම් අයෙකු එවැනි උපදෙස් ඔබට ලබාදෙන්නේ නම් ඔබ ඒ ගැන කිහිප වරක් සිතිය යුතු වන්නේ ඔබ එසේකිරීම තුලින් අකර්ශනය කරගන්නා අහිතකර තත්වයන් නිසාය:
අ) එමගින් ඔබගේ ව්යාපාරික තොරතුරු පිළිනොගත හැකි තත්වයකට පත්වීම
ආ) රාජ්ය අයතනවල සැකයට භජනය වීම නිසා වටිනා කාලය අපතේ යවා ගැනීමට සිදුවීම
ඇ) අමතර පිරිවැයක් විවිධ උපදේශක සේවා වෙනුවෙන් ගෙවීමට සිදුවීම
ඈ) හදිසි මුල්ය පහසුකම් ලබා ගැනීමට නොහැකි වීම හෝ අවිධිමත් අංශයන්ගෙන් අධිකපිරිවැයකට ගැනීමට සිදුවීම
ඉ) අනාගත ව්ාපාරික අවස්ථාවන් මගහැරී යාම
මේ හැර තවත් හේතූන් ඇතත් මේ මුලික හේතු ඔබේ සාර්ථකත්වයට වඩාත් උපයේගී වනු ඇත.