Accounting software is a computer program or system that helps businesses manage their financial transactions and processes, such as invoicing, expense tracking, and financial reporting. It allows businesses to streamline their accounting tasks and improve efficiency, while also providing tools for analysing financial data and making informed decisions. Before accounting software, accountants had to manually … Read more
Incorporating a company in Singapore can be a complex process, and it’s important to avoid common mistakes in order to set your business up for success. Here are a few common mistakes to avoid when incorporating a company in Singapore: Choosing the wrong business structure Singapore offers several different business structures, including sole proprietorship, partnership, … Read more
I’ve already written about the Enron Scandal. Now, I’ll be writing about a local accounting fraud story in Singapore – Noble fined USD $9M for misleading financial statements. Noble Group is a commodity trading company that was found guilty of publishing misleading information on its financial statements after a 4 year investigation which started after … Read more
Enron was an American multinational in the energy industry. Enron was eventually shuttered in December 2001. It’s fall was a huge milestone and set the stage for the Sarbanes–Oxley Act of 2002 and was a huge stock to American investors and the public since it had been long hailed as one of the largest multinationals … Read more
Almost every company and brand has engaged in digital marketing, thus the only way to stand out is to begin using social media in Singapore. Most small and medium-sized businesses and startups take care to select the best marketing platform for their needs. Startups are wary of spending the money and resources necessary to raise … Read more
An annual return is a term by ACRA and is not to be confused with an annual report or financial report. An annual return is a document that contains information about a company that was incorporated in Singapore: Directors’ names Information about the company secretary Date of its financial statements Any key information about the … Read more
We’ve written about dormant companies and how ACRA defines a dormant company. As a quick recap, a dormant company is a legal business organization that no longer does any business activity or conduct any operation. This means that a dormant company no longer purchases, sells or invests in anything. There are many reasons for a … Read more
Xero is one of the largest and widely used SME accounting software in the world. It offers many features from invoicing to billing customers to dealing with foreign currencies. But since it offers such a huge range of features. it can be difficult for beginners to use. There are many tutorials on Youtube and there’re … Read more
Do you ever feel like your place of work calls too many meetings? Do these meetings often keep you from actually getting your work done? If so, you’re not alone. Employees and executives around the world have to spend hours in meetings each day, which can stretch the workday beyond official hours and arrest productivity … Read more
Running a restaurant is one of the most stressful and challenging jobs in the world. If there was a way to make this job easier, and improve restaurant operations, wouldn’t you take it? Well, there is. You can upgrade your restaurant billing system and ensure the smooth running of all operations. A restaurant billing system … Read more