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As a business owner, you have invested significant efforts into growing your company. But the tax deadlines, payroll, invoices, receipts, and spreadsheets are confusing you. This is where the critical role of an outsourced accountant comes into play, helping you relieve these time-consuming tasks. Many businesses outsource their accounting duties to specialised professionals in order […]
The way businesses operate has undergone more profound changes as a result of digitalisation. The vast majority of companies now employ tactics like data analytics, artificial intelligence, and data-driven software. A finance department is necessary for every company that must produce financial reports on a regular basis. The Chief Financial officer (CFO) is referred to […]
According to the Singapore Department of Statistics, the city-state’s Small and Medium-sized Enterprises account for around two-thirds of employment. They constitute 99 percent of all enterprises and contribute nearly half of the country’s gross domestic product. Increasingly, most SMEs in Singapore struggle to innovate and understand their customers. This becomes the top risk, followed by […]
Although accounting is a crucial part of every business, it is often not the main focus of most firms. However, with outsourced support, your accounting and finance department may contribute to the expansion and cost-cutting that your company needs to succeed. With outsourcing, you have access to a global talent pool and find the best […]
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 […]
