by devsupport | Aug 12, 2020 | Accounting, Business Set Up, Grant & Money
Due to Singapore government various support schemes, most companies have managed to pull through in the last couple of months. Despite getting 4 months of mandated rental waiver, local employee subsidies and foreign worker levy waivers, many companies are still losing... 
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 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 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... 
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