Opening a Bank Account is as Easy as Scanning Your Face Facial scans will be the new way of opening a bank account in Singapore. This service will be known as the SingPass Face Verification. It is a new safe and secure online banking way that was launched on 30 July 2020. It was launched…
Thinking About Getting New Accounting Software? Here’s What You Need to Consider The right accounting software can make a world of difference to your business. Before you make your selection, there are several things you should consider. Before You Buy, Have You Thought About the Following? You need to put in some careful thought…
Top 5 Soft Skills That Everyone Must Possess There are things other than just expertise in your field to be successful. You could be a scientific genius or a master in your skill and still be far from succeeding if you lack soft skills. As per the survey conducted by the National Association of Colleges…
Qualities of a Great Boss You Need to Possess If you ask people how to be a great boss, not everyone has answers to it. But they might tell you a story about their counter with a bad one. There are several horrible bosses out there in the corporate world, degrading employees in front of…
Know How Government is Planning to Overcome Singapore Recession Tourism and international trade are the two crucial factors that directly impact the economy of any nation. Due to the COVID-19 pandemic, these two factors are profoundly affected in Singapore as its economy is also suffering. The outbreak urged several states to cut their entire year…
An Essential Guide Explaining the Accounts Payable Process Accounts payable refers to the money that a company owes to its creditors. In other words, it means creating an account of the things that your firm has bought in credit, but hasn’t yet paid for. Once you pay the money, the account payable is debited. In…
Updated Guidelines for RFAs in Singapore and What It Means for Your Business After the feedback and letters from expert organizations including the Chartered Secretaries Institute of Singapore, Institute of Company Accountants, and the Law Society of Singapore, authorities have updated guidelines for RFAs. According to the ACRA, this has been done for “better guidance…
7 Qualities of a Great Accountant That Make Them Different From Others Who makes a good accountant? This is a question asked by both clients looking for accounting services, and accounting professionals looking to improve the quality of their service. Well, the answer is objective; however, is kind of straightforward. A good accountant should be…
7 Most Important Accounting Tips for Startups in Singapore Accounting can be confusing to startups; however, it is one of the most important business processes. After all, excellent and accurate financial reports give a company a sense of direction, which will help for its growth. We look at some of the most important accounting tips…
A Step by Step Guide to Prepare a Balance Sheet for Companies Companies normally prepare a balance sheet every month or on a quarterly basis; the time depending on the frequency of reporting. Well, whichever one it is, you should be careful about creating the sheet in the right way. This is because a balance…
The Emerging Stronger Conversation on the Economy 2020 The Emerging Strong Conversation (ESC), as part of the Singapore Together Movement, is an avenue for Singaporeans to collectively reflect and reimagine Singapore’s resilient future in a post-COVID society. The webinar encourages Singaporeans to share their views with the Emerging Stronger Taskforce (EST), on specific areas…
Founder Lawrence Speaks at CSIS Webinar — Public Consultation on Proposed Amendments to the Companies Act The Accounting and Corporate Regulatory Authority (ACRA) set up the Companies Act Working Group in January 2018 to review several areas in the Companies Act (CA). The review was part of ACRA’s effort to ensure that Singapore’s corporate…
