by devsupport | Aug 7, 2020 | Accounting, Business Set Up, Cloud Accountant
E-invoicing or electronic invoicing is the automated creation, exchange and processing of requests for payment between customers and suppliers using a structured digital format that is readable from an organisation’s own accounting system. Singapore’s Infocomm...
by devsupport | Jul 29, 2020 | Accounting, Cloud Accountant, Compliance
Closing the books is a process performed by a Chartered Accountant. But most small business owners with fewer monthly transactions will skip this step. Cloud Accounting software may automate some steps every month, but it is still worth asking your accountant to close...
by devsupport | Jul 24, 2020 | Business Set Up
As Singapore is getting less restrictive during Phase 2 as compared to the Circuit Breaker period, more and more business owners and professionals are still accustomed to relying on online solutions for the majority of their networking needs, and it seems like it’s...
by devsupport | Jul 17, 2020 | Accounting, Cloud Accountant, Compliance, Income Tax
Contrary to popular belief, Bookkeeping and accounting are two separate roles that play a crucial part in any business. If you are not in the profession, most people would find it hard to differentiate between each process. While both bookkeepers and accountants share...
by devsupport | Jun 24, 2020 | Uncategorized, Video
Here’s how you can view your bills, receive and send payment to your customers with Financio in an instant! with DBS Bank Feed integration you will no longer need to go through the hassle of login on to both platforms just to review your bank balances and bank...
by devsupport | Jun 19, 2020 | Accounting, Business Set Up, Cloud Accountant, Compliance
Company tax filing is an important aspect of any business and must be completed each year to prevent fines and other alternative legal action. It ensures that you are paying the right amount of tax in accordance with your governmental guidelines. According to the...
by devsupport | Jun 16, 2020 | Accounting, Cloud Accountant
What is the chart of accounts? A chart of accounts is the list of all the accounts you use to organize your accounting records in a Cloud Accounting Software. It is made up of balance sheet accounts (assets, liabilities, and equity) and income statement accounts...
by devsupport | Jun 12, 2020 | Accounting, Business Set Up, Compliance, Income Tax
When it comes to the taxes you are required to pay, it can be extremely difficult to understand what you need to pay, how you need to pay and when this payment should be made. GST filing in Singapore is one such tax. The Goods and Services Tax also known as GST was...
by devsupport | May 26, 2020 | Accounting, Cloud Accountant
With the advent of automation and globalization, QuickBooks is becoming the 1st choice for small businesses. QuickBooks is online accounting software that helps to take away the pain of maintaining multiple excel sheets. And by now it has taken the small to...
by devsupport | May 21, 2020 | Uncategorized
No matter what country you are in, Filing the annual returns for your company is always a hassle. Even if the company owner is skilled in finance it is never possible for them to look into every single detail of the finance division themselves. Thus, owners always put...
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