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How GST on Digital Services Affects Your Netflix, Spotify, and Other Subscriptions in Singapore

Counto

GST on digital services was introduced in Singapore on 1 January 2020, requiring overseas service providers to charge 7% GST on business-to-consumer (B2C) digital services. What Is GST on Digital Services? As of 1 January 2024, the GST rate increased to 9%, impacting various digital goods and services, including: Streaming services (e.g.,

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5 Ways to Use Travel and Expense Data Strategically

NextProcess

Plus, SaaS BPA solutions collect data automatically and make it easy to run reports to use in strategic planning. NextProcess Expense Report Software is a comprehensive solution to centralize and automate the T&E process. For those managing expense reporting, the software provides complete visibility into the process.

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Accounting Engagement Letter: Templates, Samples & How to Create One

Future Firm

Prepare employee expense reports. This engagement does not include bookkeeping and/or amending tax filings for fiscal year 2020. Although, Alpha and Beta will prepare a separate quote for fiscal 2020, if desired by ABC Inc. Reconcile the agreed amount of transactions by the agreed timeframe. Project/class tracking.

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Data Security Tips for Small Businesses

NextProcess

accounts payable, expense reporting) and data more secure by following cybersecurity best practices and using secure business software. In 2015, data from Symantecs 2016 Internet Security Threat Report revealed that 43% of phishing campaigns selected small businesses as their target. There was a 26.8% million to $2.98

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Unusual Year-End Closing Process Headed Your Way: What to Do (and Not Do)

AvidXchange

Almost everything in the year 2020 has been – and will continue to be – about changes and abnormalities. Expect changes – in many cases dramatic – to your company’s balance sheets, income statements, revenues, expenses and cash flows. “The Stay abreast of all the latest expense reports and spending daily.

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Credit Card Reconciliation: What It is and How to Do It?

Nanonets

Billion in 2020 only for North American regions. What is an Expense Report & Why do you need one? Business credit cards were all the rage before the pandemic, with over 67% of business owners having a business credit card. With the rising company transactions comes the credit card reconciliation or reconciliation process.

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7 Misconceptions Finance Pros Should No Longer Believe about Paper and Paperless Accounts Payable Automation

AvidXchange

In 2020, the accounts payable profession continues to gain momentum and impact business operations and results in an increasingly strategic way. They need to manually fix errors in expense reports and Excel spread speeds. As such, going paperless could be an urgent matter for your business. “In The list goes on.