SME owners or outsourced accountants handle receipts, bank statements and payroll sheets before month-end close and filing deadlines, needing compliant books and filings delivered on time.
Local bookkeeping firms do the work manually for an annual fee, or firms use traditional accounting software and enter data themselves, with crunch hours at filing season.
Manual entry and categorisation are slow, tax rules change often, and errors bring penalties and back payments; small firms cannot afford a full-time accountant and outsourcing carries high coordination cost.