ITB December 2024/January 2025 - Magazine - Page 45
“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
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, she
contends, 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,” 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
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.” ●
EXPLORE
CPA Australia’s My Firm.
My Future. eLearning
resources
READ
an article on women
in business
CAREERS intheblack.cpaaustralia.com.au 45
