Xibo

When an American bank asked 508 small business owners what the worst part about having their own business was - nearly half said bookkeeping. Quickbooks is trying to change that. But is it enough? Let’s take a look. Since its inception in 2006, Quickbooks has quickly emerged as one of the leading innovators in the accounting industry. At a glance, it’s a small business accounting software that offers you numerous state-of-the-art tools at an affordable price-point. It offers secure access to your data in the cloud and a vast ecosystem of integrations that ease data entry, invoicing and many other use cases to simplify business processes. With all these time-saving features, accounting and bookkeeping suddenly seem like a breeze. Only it’s easier said than done. While Quickbooks’s features make life and work easier for most small business owners, its usage lies in the expectation that these customers are able to figure out the ins and outs of the system, in addition to keeping up wi

Xibo shows why innovation should not come at a high cost In today’s digitally-driven economy,  Xibo  - the bookkeeping and tax service using Artificial Intelligence (AI), aims to help small businesses improve their growth and revenue potential by providing them access to a high-level team of resources and support at an affordable cost. Small businesses form the backbone of every country, yet as many as 82% of them fail within the first five years. Since 2010, the Singapore Government has been urging small-sized companies to invest in automation and other technology solutions to stay relevant and competitive. A 2018 Cisco study, however, revealed that Asian companies are slow to adopt technology due to budget constraints and an unfit IT infrastructure. As such, the fundamentals of accounting for small businesses have stayed the same. Most either rely on accounting software or keep accounting in-house. “While other  accounting firm  just look at compiling financial statemen