1. Customised Hands-on Solutions To Your Accounting Needs Manpower Challenges Accounting of SMEs

2. Small business owners’ tasks range from sales and marketing to personnel management, from keeping track of profits to accounting and finance. Small business owners’ tasks range from sales and marketing to personnel management, from keeping track of profits to accounting and finance. © 2019 CHS Consultancy 2

3. Accounting of SMEs These may not be everyone’s passion, yet they are the business language expressing financial situation and growth. These may not be everyone’s passion, yet they are the business language expressing financial situation and growth. © 2019 CHS Consultancy 3

4. Accounting of SMEs In the form of various reports and statements, they are the backbone supporting the whole operation for its best standing. In the form of various reports and statements, they are the backbone supporting the whole operation for its best standing. © 2019 CHS Consultancy 4

5. Manpower Challenges in SMEs Accounting Generally, accounting involves the recording, summarizing and analysing of business transactions. It serves internal management purposes and is necessary in meeting statutory audit requirements. Generally, accounting involves the recording, summarizing and analysing of business transactions. It serves internal management purposes and is necessary in meeting statutory audit requirements. © 2019 CHS Consultancy 5

6. Manpower Challenges in SMEs Accounting During the process, there are numerous obstacles small business owners have to overcome. During the process, there are numerous obstacles small business owners have to overcome. First and foremost, it is the hesitation in HIRING and OUTSOURCING. First and foremost, it is the hesitation in HIRING and OUTSOURCING. © 2019 CHS Consultancy 6

7. Manpower Challenges in SMEs Accounting Challenges for small businesses hiring high-calibre accounting personnel can involve recruiting skills, corporate size, budget limitations, management hierarchy, etc. Challenges for small businesses hiring high-calibre accounting personnel can involve recruiting skills, corporate size, budget limitations, management hierarchy, etc. © 2019 CHS Consultancy 7

8. Manpower Challenges in SMEs Accounting Challenges are summarized: Challenges are summarized:  Competition  Talent Management  Cost-effectiveness © 2019 CHS Consultancy 8

9. Manpower Challenges : Competition Prestigious corporate brands, higher salaries and better benefit packages are always the concerns of high flyers in any industry. Prestigious corporate brands, higher salaries and better benefit packages are always the concerns of high flyers in any industry. © 2019 CHS Consultancy 9

10. Manpower Challenges : Talent Management Spending on recruiters may guarantee the best hire and talent management, but financial means is another concern and challenge. Spending on recruiters may guarantee the best hire and talent management, but financial means is another concern and challenge. © 2019 CHS Consultancy 10

11. Manpower Challenges : Cost-effectiveness How to fully utilize an accounting headcount is the biggest concern for petite businesses with only a handful of transactions. How to fully utilize an accounting headcount is the biggest concern for petite businesses with only a handful of transactions. © 2019 CHS Consultancy 11

12. Make the right DECISIONS © 2019 CHS Consultancy 12 A flow diagram of the DIKW hierarchy DIKW pyramid, a.k.a. DIKW hierarchy, wisdom hierarchy, knowledge hierarchy, information hierarchy, and the data pyramid Under the Universal Business Model (UBM), communication between the three basic functions of all business increase profitability.

13. Your Boutique One-Stop Accounting Solutions Provider © 2019 CHS Consultancy 13 We cater for your need and craft the best solutions for the profitability of your business, providing a full range of services geared towards assisting SMEs in Hong Kong We cater for your need and craft the best solutions for the profitability of your business, providing a full range of services geared towards assisting SMEs in Hong Kong All you need is a guaranteed quality of accounting work revealing the strategies for you to grow and succeed. All you need is a guaranteed quality of accounting work revealing the strategies for you to grow and succeed.

14. chs-consulting.com STAY TUNED Our consultants are more than happy to meet you for a free advisory session to design the best, specialised and tailor- made services, the most cost-effective package for your business Book Now © 2019 CHS Consultancy www.chs-consulting.com info@chs-consulting.com www.facebook.com/chs.consultancy.92www.chs-consulting.cominfo@chs-consulting.comwww.facebook.com/chs.consultancy.92 Unit 6, 16/F. Enterprise Square Three, 39 Wang Chiu Road, Kowloon Bay, Hong Kong