The solution: QuickBooks simplifies financial reporting and saves hours
Custom reporting brings instant visibility
PSC transitioned to QuickBooks Online Advanced during the pandemic, moving from paper-based systems to digitised operations. The platform allows PSC to easily create custom reports that combine different charts of accounts. This provides a granular view of each program's financial health by tracking revenue and expenses across specific grants.
The team now creates tailored reports in minutes, reducing waiting times from one week to instant access. "I can just click in QuickBooks Online to find the numbers very quickly... I don't have to wait anymore. That's a great value," says Aimy. This ensures accountability and compliance with funder requirements.
Cloud-based accessibility supports remote work
Adopting QuickBooks Online Advanced proved pivotal during Malaysia’s pandemic lockdowns. The organisation transitioned to remote work without losing operational continuity. Team members now share files digitally and access real-time data from any location. This flexibility allowed PSC to deliver STEM programs uninterrupted and achieve 100% operational flexibility in record time.
"Because QuickBooks Online is in the cloud, it's just much easier to share with everybody, and everybody sees the same thing," Aimy explains.
Streamlined bookkeeping boosts productivity
QuickBooks Online Advanced limits manual input for recurring invoices, supplier tracking, and transaction categorisation. This automation eliminated the need to hire additional accounting staff as PSC scaled. Their bookkeeper now manages double the workload efficiently. Tools like 'reclassify transactions' save hours each week, contributing to a total saving of 20+ hours monthly.
"We only have one person doing all the bookkeeping because of how easy it is to use... we were fortunate enough to not have to increase the headcount. That's one huge plus!" says Aimy.
e-Invoicing integration ensures compliance
As Malaysia implemented mandatory e-invoicing, PSC prepared by linking QuickBooks Online to the Inland Revenue Board’s portal. This integration ensures compliance and eliminates the need to navigate multiple systems. “The rollout of the integration was timely, so that we don't have to go back and forth to different portals,” Aimy notes.