Importance of Soft Skills in Business

The Importance of Accounts Payable Process

The importance of the accounts payable procedure or function should not be underestimated because it includes almost everything about an organisation’s settlements other than payroll. An entrepreneur or maybe a bookkeeper in a small company, an ordinary employee in an average-sized firm, or accounts payable unit in a big company can execute this process. Despite Read More

Importance of Soft Skills in Business

How to Increase Working Capital

Working capital allows a business to continue its everyday operations. Inadequate working capital might lead to interruptions in company operations. Hence, working capital is an essential part of operating a company effectively. Three Elements of Working Capital Inventory + Receivables – Payables = Working capital Accounts receivables are cash invoices due from clients. Inventory is Read More

Importance of Soft Skills in Business

The Accounting Equation (Assets, Liabilities & Equity)

From the multi-national, huge enterprise down to the corner barbershop, a company financial position is affected by every single business transaction. The assets, liabilities and equity determine the economic status of a business. The accounting equation, known as the basic accounting equation, explains the relationship between these three elements. For sole proprietorship, the accounting equation Read More

Importance of Soft Skills in Business

Tax Avoidance and Tax Evasion

Most entrepreneurs do not fancy paying taxes although paying taxes is the mandatory responsibility of all income maker under the legislation in Singapore. “Tax avoidance” are usually used in a way “tax evasion” does in the business circle (especially by those does not have tax background), they are of highly distinctive in nature. If you Read More