Admin

Accounting: Cash Flow Forecasting Mistakes to Avoid

Accounting: Cash Flow Forecasting Mistakes to Avoid Cash flow statement is an excellent tool to measure a business’s ability to generate cash and overall performance. Predicting the statement of cash flow is important for every company because unless there is a forecast, the executive team is unable to measure the success of its plans. Therefore, …

Accounting: Cash Flow Forecasting Mistakes to Avoid Read More »

Accounting – Check for these 4 Warning Signs when Reading your Financial Statements

Accounting – Check for these 4 Warning Signs when Reading your Financial Statements Are you a small business owner, do you know how you can use your business financial statements to make sound decisions? And before we begin exploring the five warning signs that you should check in your financial statements, do you prepare them in …

Accounting – Check for these 4 Warning Signs when Reading your Financial Statements Read More »

Accounting – What’s the Difference between an Audit, Review, and Compilation of Financial Statements?

Accounting – What’s the Difference between an Audit, Review, and Compilation of Financial Statements? The question regarding the difference between an audit, review and compilation of financial statements (Also see How the Accounting Principles affect the Financial Statement) is common among most business owners attempting to decide the type of service to obtain to get …

Accounting – What’s the Difference between an Audit, Review, and Compilation of Financial Statements? Read More »

Accounting – All you Need to Know about Double-Entry Bookkeeping

Accounting – All you Need to Know about Double-Entry Bookkeeping The double-entry concept of bookkeeping (Also see 3 Easy Ways to Control Bookkeeping without Wasting Time) is a standard system used by both small and big business entities, especially accounting firms in Singapore. This concept has been in use for more than 500 years, and …

Accounting – All you Need to Know about Double-Entry Bookkeeping Read More »

Accounting – What are Ordinary and Necessary Business Expenses?

Accounting – What are Ordinary and Necessary Business Expenses? At the end of accounting period or the tax filing season, some business owners boast of a variety of wacky tax deductions. But how do they achieve this yet we all adhere to the same accounting regulations in Singapore? The secret is to understand the ordinary …

Accounting – What are Ordinary and Necessary Business Expenses? Read More »

Bookkeeping and Accounting System Weakness

Bookkeeping and Accounting System Weakness Most companies in Singapore spent a lot of time on bookkeeping and preparing accounts. Even consultants can attest that they spend much of their time helping companies with analyzing results and forecasting basing on financial information by using an accounting service in Singapore. The financial reporting weakness is simple but …

Bookkeeping and Accounting System Weakness Read More »

Best Accounting Practices for Small Businesses

Best Accounting Practices for Small Businesses As an entrepreneur or a small business owner, you have numerous responsibilities that can keep you busy. These responsibilities include hiring employees, customer service, product development, and more. Despite the fact that you have huge and numerous responsibilities, keep in mind that accounting is a crucial process as it can indicate …

Best Accounting Practices for Small Businesses Read More »