Accounting vs Finance Department

Most of the small and mid-sized companies in Singapore today do not have a separate Finance and Accounting departments. Finance departments are made to perform 2 different jobs. First is to manage the company’s financial assets (finance) and second is to track and...

Accounting Date vs Accounting Year

Accounting date is the date on which a trade or business makes up its accounts. Accounting period is the period by reference to which a trade or business is chargeable. The accounting period of a trade or business commences when: a previous accounting period ends a...

Financial Statements For Companies

The Entrepreneurial Company The starting of a new business and a time of plenty of spending and very little revenue. Financing is primarily of an equity nature; money put up by the founder and his or her family and friends (in some cases funds provided by a venture...

Financial Statements Basic

Under free enterprise the sole purpose of any business is to create wealth for the owner or owners by way of annual profits and by the growth of assets over time. The beauty of free enterprise is that to accomplish this it happens that businesses will provide products...

Accounting Software For Small Business In Singapore

One of the most frequently asked questions is about which accounting software programs will make the process easy for small business in Singapore. There are many programs on the market today that will adequately take care of your business needs. However, if you do not...

Outsourcing Accounting Services for Small Business

Every job and task related to the small business is initially actioned by the small business owner, such as, making monthly sales and invoicing up to getting together the monthly accounts. When a business is evolving, there are more and more administration tasks to be...
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