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Bookkeeping is a methodical way of keeping track of all your company’s financial transactions. It utilizes the process of classifying, recording, and organizing all money movements that go in and out of your business. It handles transactions like supply purchases, product sales, cash deposits, bills payments, money transfers, taxes, and salary, among other things. Although […]
The purpose of companies is to generate revenue and profit. Nevertheless, economic crises, unpredictable market conditions, and rapidly evolving technology can adversely affect business operations, resulting in hefty losses. Unexpected situations like the outbreak of the COVID-19 pandemic also significantly impact the business’s finances, making it hard for big and small companies to sustain a […]
Accountancy Industry Digital Plan is part of Singapore ongoing efforts to aid small and medium enterprises, which constitute up to ninety-eight per cent of the accountancy sector, as well as adopt more technologies and support digital transformation. This plan also gives the SMEs better competitiveness and productivity. Here is what you need to know about […]
Recently, the Accounting and Corporate Regulatory Authority and Inland Revenue Authority of Singapore has collaborated with accounting software providers to integrate statutory filing requirements into the vendors’ software. This initiative aims to aid small to medium enterprises to stay competitive and relevant, following the Smart Nation initiative. What is ACRA and IRAS Seamless Filing? IRAS […]
