Bookkeeping

7 Signs Your Business Needs To Hire Accounting Services

7 Signs Your Business Needs To Hire Accounting Services Have you been in a situation where you have tried to decide which service solution you would want your business to adopt? Whether internal services or outsourced services, you should be able to figure out what is best for your business. For the best accounting practices …

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Business Expenses That A Company Should Always Monitor

Business Expenses That A Company Should Always Monitor Different types of businesses have their expenses, and it is certain that your business will have some specific expenses that it incurs every month. Maybe sometimes, you are not prepared, but it is best if you are always prepared and with a reliable expert of accounting services in Singapore, …

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Mistakes To Avoid When Filing Self-employed Income

Mistakes To Avoid When Filing Self-employed Income Being self-employed is a goal for a lot of people, and it undoubtedly has its own bundle of benefits. From being in charge of your business, to working at your own time and pace, the benefits are numerous. However, this freedom has its downsides; as a self-employed individual, you …

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How To Determine Profit Margins On Services

How To Determine Profit Margins On Services To have healthy financial management, it is crucial to understand profit margins, and this can be achieved by putting in place reliable accounting services in Singapore. For a business that sells products, calculating profit margins is based on how much is generated from selling quantifiable products. But in the …

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Why The Going Concern Concept Is Important In Accounting

Why The Going Concern Concept Is Important In Accounting The Going Concern concept guides accounting services providers in Singapore to treat businesses as though they will continue to operate into perpetuity. Or the company is deemed to continue in its operations in the foreseeable future and management does not have the need to liquidate its …

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The Conservatism Concept in Accounting

The Conservatism Concept in Accounting The Singapore Financial Reporting Standards (SFRS) is substantially similar to the International Financial Reporting Standards (IFRS). One way this similarity is exhibited is in the expectation for accountants to observe the conservatism concept. This concept guides providers of accounting services in Singapore, and indeed accounting professionals internationally, to choose the …

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The Role of Accounting In A Financial Crises

The Role of Accounting In A Financial Crises Accounting services in Singapore provide information on the financial state of companies and other entities to stakeholders. The information is usually categorised as public information, usually in the form of financial statements and intended for external consumers such as shareholders, lenders, and investors. The second category is …

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Accounting Concepts Used Most in the Financial World

Accounting Concepts Used Most in the Financial World If you are in business in Singapore, no matter the scale of your operations, accounting services are essential for you. In fact, accounting is important to anyone who deals with money whether in employment or in business. Therefore, nearly everyone can benefit from a basic explanation of …

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Indicators of a Company’s Decline in Going Concern

Indicators of a Company’s Decline in Going Concern Going concern is a central concept and assumption in accounting and a descriptor for companies that can operate without the threat of bankruptcy or liquidation. It is also a fundamental assumption in the preparation of financial statements. Accounting services in Singapore – and internationally – are required …

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Ways to Ease Your Accounting Woes

Ways to Ease Your Accounting Woes Entrepreneurs seldom enjoy performing accounting and bookkeeping functions. The same applies even for former accountants turned business owners. Most people dislike crunching numbers and consider it tedious, confusing, and in many cases, they believe that accounting software is hard-to-use. Most entrepreneurs in Singapore who do their own accounting employ …

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