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About Bee Hua Oh

Bee Hua has many years of experience in financial & management accounting, goods & services tax and payroll across diverse industries.

Accounting Software for SMEs in Singapore

Getting accounting software may seem like a huge investment especially for some small and medium-sized enterprises in Singapore. Initially, a number of startups opt to use a spreadsheet to track their finances. However, as the business expands, the business owner must be one step ahead of the company’s financial record. [...]

2021-07-27T15:24:05+08:00July 24th, 2021|Accounting Software Singapore|0 Comments

Singapore Accounting Standards

Accounting Standards Council or ASC is a governing body that formulates and promulgates accounting standards in Singapore. These standards include the Singapore Financial Reporting Standards (International), Financial Reporting Standards (FRS), and Singapore Financial Reporting Standards for Small Entities (SFRS for SE).  A brief history of accounting standards in Singapore In [...]

2021-07-27T15:23:54+08:00July 15th, 2021|Singapore Accounting Standards|0 Comments

Accounts Payable: Definition and Process

In accounting terms, the meaning of accounts payable (AP) is the amount of money owed by a business to its creditors that needs to be paid back in a short period of time. It includes vendor bills and records short-term debts in the general ledger (GL).  Accounts payable is listed [...]

2021-06-28T18:51:52+08:00June 23rd, 2021|Accounts Payable|0 Comments

Understanding Accounts Receivable (AR)

Accounts Receivable (AR) is the amount of money your clients owe you for goods or services delivered but has not been paid yet. Good knowledge of accounts receivable enables a business owner to improve the cash flow, manage capital on financial opportunities, and sustain flexibility.  What is the Meaning of [...]

2021-06-28T18:51:39+08:00June 21st, 2021|Accounts Receivable|0 Comments

Accounting and Corporate Regulatory Authority: Compliance

The Accounting and Corporate Regulatory Authority (ACRA) is a Singapore government body that regulates businesses, public accountants, corporate service providers, and financial reporting. While maintaining the Lion City’s status as an excellent business hub in Southeast Asia, it is also responsible for enforcing statutory requirements to create an environment that [...]

2021-05-30T18:09:26+08:00May 29th, 2021|ACRA|0 Comments

Management Accounting for Small Businesses

Management accounting, also known as managerial accounting, is the process of collecting, organising and reporting the company’s financial data. It is commonly used for recording internal financial information (for internal review purposes) and decision making by business owners and company executives. The focus of managerial accounting is to inform the [...]

2021-04-30T15:47:51+08:00April 29th, 2021|Management Accounting|0 Comments

Outsourcing Compliance Work to Accounting Firms in Singapore

Starting a business in Singapore is a complicated process that some company owners decide to engage with accounting firms. These third-party firms help organise their company’s financial records and keep them updated with the current market trends.  There are many reasons why letting accounting firms handle your compliance work is [...]

2021-04-30T14:31:11+08:00April 29th, 2021|Accounting Firm in Singapore|0 Comments

Essential Accounting Terms for Small Business Owners

Business owners are bombarded with different responsibilities, and as a result, learning accounting terms comes last on their to-do list. However, one thing that start-up business owners forget is the importance of knowing how to communicate with the team, especially understanding accounting jargons.  To help get you started, we compiled [...]

2021-03-31T22:51:41+08:00March 15th, 2021|Accounting|0 Comments

Outsourcing Bookkeeping Services in Singapore During the Pandemic

All companies in The Lion City are still facing the threats brought by the COVID-19 pandemic. But regardless of these challenges, the reality is that it is still their responsibility to track all kinds of financial transactions to comply with government regulations and determine how they can grow. This is [...]

2021-03-31T22:51:41+08:00March 10th, 2021|Bookkeeping Singapore|0 Comments

The Cost of Accounting Services in Singapore

Large businesses, SMEs and entrepreneurs have different needs from providers of accounting services in Singapore. They will need assistance when it comes to tax filing, payroll, incoming and outgoing transactions, and many more. In this article, we explore the price range of accounting services. But first, let’s answer one question. [...]

2021-03-31T22:51:41+08:00March 5th, 2021|Accounting Services Singapore|0 Comments