A guide to balance sheets Of all the documents that you’ll need to manage while settling the accounting for your firm, the most important one will be your balance sheet. For new firm owners who are not familiar with what it is, we’ll be breaking down everything you need to know about understanding this document.
Filing ACRA and IRAS Requirements The Accounting Corporate Regulatory Authority (ACRA) and Inland Revenue Authority of Singapore (IRAS) are the two government agencies that local companies are required to file to. All companies in Singapore have to file their annual and tax returns to stay compliant. As a business owner, you must know how to
Record-Keeping By now, we all know of the large amounts of administrative work that go behind ensuring that your company runs smoothly. From bookkeeping to accounting, they all play a part in ensuring that you won’t run into any hiccups. If you’re completely unfamiliar with record-keeping, here’s a simple introduction to get you started. What
Now that you’ve got your business plan, it’s time to get down to the nitty-gritty, which includes creating your invoice. Learning how to make a simple invoice will allow you to start charging your clients, which in turn means that you get paid for your work. What is an invoice? An invoice is sent out
Bookkeeping refers to the process of recording all financial transactions made by a business. Bookkeepers are responsible for keeping a basic record of expenditures and receipts by the company. For small companies, bookkeeping can be relatively simple. But the larger a company gets, the more complex the bookkeeping system can get. If you don’t know