Adding Retail with Inventory?
Mr. Henry Wang of Global Incorporation Limited 环球致优 with offices in Hong Kong, Beijing, Shanghai and Shenzhen has proposed to add the retail with inventory function in CPAnywhere. The problem with this proposal is that the initial target users are for professional firms. All billing for inventory items would usually be classified in either Miscellaneous Charges or Reimbursable Items. Almost all accounting systems in the market are retail based. CPAnywhere is unique because the system is geared mainly to professional firms. However, that doesn’t stop us from putting this Retail with Inventory module in CPAnywhere. I have been thinking about this proposal everyday in order to find the solution to the problem. If you have any suggestion to this dilemma please let us know.
Reviewed by a Legal Counsel and a Barrister specialized in SFC and SEHK laws
As the user of the MCSA meeting software and Company123 mobile app, Mr. Adex Tsui (徐文耀大律師), a Barrister with over 20 years of practice experience in stock exchange and SFC regulations and the Senior Legal Counsel of First Shanghai Securities Limited, a Hong Kong listed company, wrote his comments. We will include all of his suggestions to make the system in full compliance to the rules and regulations of the Companies Ordinance, SFC and SEHK’s requirements.
“Some observations and suggestions for your consideration
- Add the weekday on the time i.e. Monday Tuesday..
- Add the countdown, no. of days or time left before the meeting begins. Mark the status of the meeting, such as “to be opened”, “closed”, “cancelled” or “postponed”
- Before open, whether participant was able to suggest some agenda etc
- Add the timer when the meeting starts and limit the time of discussion section or voting section
- Add the no. of participants (online vs in person) and name if necessary for those who are on line to know
- Add the declaration of interest for directors to declare either in default on declaration of interest or ask them to select. For conflict of interest, either to let them to report if there is any declaration of interest which is in conflict or not. For abstain voting, either to select whether the vote should be abstained or default inability to vote in case of conflict
- Different types of meeting may have different colors
Thanks”
Thank you Adex for your time in reviewing the system.