Start-up company owners in Singapore often face the challenge of deciding between two methods of accounting—cash accounting vs accrual accounting. However, before an individual is able to make the decision, it is important to understand the specifics of both methods. Some businesses hire professional accounting services in Singapore to decide [...]
Outsourcing accounting services for small businesses in Singapore is a tough decision to make for some entrepreneurs. Most company owners do not see accounting as an exciting topic and as a result, it often takes the back seat in running a business. On the contrary, smart business owners know that [...]
Business owners should not shy away from bookkeeping services in Singapore. In fact, bookkeeping professionals deliver an efficient and cost-effective way to track all of the financial transactions. An excellent business owner concentrates his/her efforts on the expansion of the company. You don’t have to involve yourself on tasks that [...]
Bookkeeping is the process of keeping track of all financial transactions made by a company. It allows businesses to identify areas of profit expansion and financial challenges early. Read on to find out how practising good bookkeeping techniques can help small business owners. Bookkeeping vs. Accounting Bookkeeping and accounting [...]
Outsourcing accounting services in Singapore amid the coronavirus crisis has become one of the major decisions a business owner must make. Having a team that can help companies understand the pandemic’s impact on the global economy can increase their chances of surviving. Also, teaching business owners how to react accordingly [...]
Setting up a company in Singapore takes a lot of effort. Not only is a business owner expected to register the company with the authorities, obtain the relevant licenses and permits, register for the Goods and Services Tax (GST), but also to ensure compliance with local and tax regulations, [...]
With constantly evolving tax laws and the increasing complexity of managing your business or personal investments, it becomes important to partner with the right accounting firm in Singapore to ensure that you keep up with your financial goals. The burgeoning financial sector in the city-state has made it difficult [...]
While a lot of audit firms in Singapore provide the same types of services at their core, the qualifications, reputation and experience of various companies can set top firms apart. In this article, we are going to explore some of the audit and assurance services typically provided by top [...]
A cash book is a financial journal that contains all cash receipt inflows and payment outflows. Cash receipts include sales receipts from customers and interest income receipt. Outflows, on the other hand, include payments to suppliers and bank loan interest repayments. A cash book is a subsidiary to the [...]
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 [...]
