It is a legal requirement in Singapore that all companies needs to have a corporate secretary. Newly incorporated companies have up to 6...

What Are the Financial Ratios Every Business Owner Should Know? Key Financial ratios include Liquidity Ratios (Current and Quick Ratios),...

How to Manage Cash Flow with Effective Bookkeeping To manage cash flow effectively, maintain accurate, up-to-date bookkeeping and...

How to prepare for an external audit? To prepare for an external audit, assemble a dedicated team, review past audits for improvements,...

Who Should Consider Outsourcing Their Accounting Function? Outsourcing accounting is ideal for SMEs, startups, non-profits, and companies...

What Are the Latest Trends in Accounting Technology? Accounting technology trends are heavily influenced by automation, AI, and cloud...

Is It Compulsory To Audit My Singapore Company Accounts? A Singapore company must audit its accounts depending on its size and type....

What Is The Difference Between Gross Profit & Net Profit? Gross profit is revenue minus direct production costs, reflecting operational...

When should a Singapore company register for GST? GST registration in Singapore is mandatory if a company's annual taxable turnover...

What are some Common Mistakes to Avoid in Accounting? Accounting forms the backbone of any business, providing a systematic way to track,...

What are the common business startups in Singapore? Common startups in Singapore includes Technology startups, particularly in fintech...

Why Is Cash Flow Management More Important Than Profit? Cash flow management is crucial because it ensures a business can meet immediate...

What Is the Difference Between Accounting and Bookkeeping? Bookkeeping focuses on recording daily financial transactions accurately,...

Who Is Responsible for a Company's Financial Health? The financial health of a company is primarily overseen by the Board of Directors...

How Do Auditors Determine Which Areas to Focus On? Auditors determine which areas to focus on during an audit by conducting a risk...

How Technology Is Changing the Audit Process Technology is revolutionizing the audit process, transforming traditional methodologies into...

When is audit compulsory in Singapore? In Singapore, an audit is compulsory for companies that do not qualify as a "small company." A...

How long does it take to incorporate a company in Singapore? A company can be incorporated in Singapore within a few hours provided all...

What are some of the important SME corporate deadlines in Singapore? Small companies must meet crucial deadlines: file ACRA annual...

How Long Do Audits Take in Singapore? An audit done for companies in Singapore can take a few days or up to a few months. Some of the...