It is not mandatory for a business owner to keep a company secretary especially if this person does not deliver satisfying work. The best option is to remove him/her and find a replacement. Although seemingly tedious because of possible disagreements with the secretary, the processes involved are quite simple. [...]
Some businesses choose corporate secretarial services to comply with the Company’s Act of Singapore. If you’ve recently started a business, you must appoint a secretary within six months of incorporation. If you fail to do this, you will have to bear the consequence of paying a heavy fine. Corporate [...]
Accounting services in Singapore have been a great success for businesses in the country. Most of the accounting services in Singapore are internationally recognized, which contributes to a great deal of foreign aid. It is not easy for businesses to succeed or even survive without accounting services. Here are [...]
Corporate accounting is the name of a process that involves gathering, organising, classifying, and reporting the financial information of a business in a way that complies with the regulatory framework of Singapore (or any other country). This method is also used for informing the company’s stakeholders about the business’ [...]
Most people use the terms bookkeeping and accountancy interchangeably. Even though both terminologies are important for businesses, there is a vast difference between the two. Bookkeeping is part of accounting and records all the daily cash and credit transactions in a systematic order. It includes all the sales, purchases, [...]
Services needed from accounting firms in Singapore are constantly on the rise because of the city-state’s growth-fueled, free-market economy. The firms provide comprehensive reports and advice that fulfil the requirements of the corporations. Here are some of the most common services offered by accounting firms in Singapore, classified by [...]
Bookkeeping is the lodging down of financial transactions such as expenses, assets, liabilities, and income of the business. Small businesses in the competitive business market have to grow quickly, and for that, they need proper bookkeeping services. Mentioned below are a few reasons why small businesses need bookkeeping and [...]
To fully understand what bookkeeping is, you need to know the principles of accounting. Bookkeeping deals with recording the daily financial transactions of a business entity. This includes all sales, purchases, receipts and payments that occur in a business. Businesses often enlist the services of a professional bookkeeper to [...]
Accounting firms in Singapore have contributed a great deal of economic growth and stability. These firms are in big demand locally and internationally. Singapore is known as one of the biggest financial hubs in Asia. Mentioned below are the top 4 accounting firms in Singapore: KPMG PwC EY (Ernst [...]
Accounting firms exist as an entity to provide professional accounting services to businesses. There are many areas of service that an accounting firm can provide, and they are not just confined to purely bookkeeping activity. Some of these include corporate finance, business recovery and liquidation, corporate secretarial and financial [...]
