Day: January 21, 2025

An accountant doing analysis

Certified Public Accountant (CPA) vs. Chartered Accountant (CA) in Singapore

When it comes to managing your business’s financial health, hiring the right accountant in Singapore is crucial. Professional accountants not only help ensure compliance with regulations but also provide strategic insights for growth. Chartered Accountant (CA) and Certified Public Accountant (CPA) in Singapore (CA) are two main accounting designations serving as key figures in the …

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Low-angle view of modern skyscrapers against a cloudy blue sky.

Accounting for SMEs in Singapore: Importance and 5 Essential Tips

Small and Medium Enterprises (SMEs) make up a staggering 99% of all businesses in Singapore, contributing significantly to the country’s economic growth. However, due to limited resources and manpower, SMEs often prioritise day-to-day tasks, sales, and marketing over accounting— despite its importance in ensuring long-term success. In fact, proper accounting for SMEs is essential for …

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Accountant using a calculator and reviewing financial documents

What is an Accounting Statement: Definition, Types, and Uses

Accounting statements, known as financial statements, are formal records that summarise a company’s overall health over a specific period. By providing essential financial evidence, they enable business owners to make data-driven decisions for future investments and adjustments. This article will discuss what an accounting statement is, sharing its common types and roles in business management. …

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