INTHEBLACK August 2024 - Flipbook - Page 33
"Too often, business operators do not pay attention to the basics of accounting and
bookkeeping. Many people in the food and beverages industry don’t really do very well
in that regard, but, for me, because I’m from an accounting background, I’m very strict
and particular with all the documents that we have to keep for income tax purposes.”
AUDREY LIM CPA, STRAITS HERITAGE
been a dilemma that afflicts many modern
enterprises – recruiting and keeping staff.
“That’s the most difficult part.”
ACCOUNTING TO THE FORE
In a market where many people set up
bars based on a passion for hospitality
without accompanying business skills,
Lim says her CPA certification has been
vital for her various enterprises.
"Too often, business operators do not pay
attention to the basics of accounting and
bookkeeping," Lim says.
“Many people in the food and beverages
industry don’t really do very well in that
regard,” Lim says. “But, for me, because I’m
from an accounting background, I’m very
strict and particular with the documentation
we keep for income tax purposes.”
As she eyes the future, Lim is determined
to keep all components of her George Town
enterprise thriving – plus a new tearoom
that is on the agenda – but admits that
the cocktail bar is her best performer.
“Nowadays, when people travel, they look
for experiences, and Archipelago gives them
that great experience.”
ONE PIECE OF ADVICE
“If you have an adventurous spirit with
business, just do it, because you only
live once. Go and achieve your dreams.”
cpaaustralia
ACCOU NTA NT S
ARE S CIAL
BU T TE R FLI E S
FOLLOW US ON SOCIAL
intheblack.cpaaustralia.com.au 33
