Remove Accounting Remove Financial Records Remove Financial Statements
article thumbnail

Bookkeeping vs. Accounting: Here’s how they differ

Intuit

What’s the difference between bookkeeping and accounting? We’ll define each, explore the differences between bookkeeping and accounting, and discuss what it takes to pursue roles in the fields. Bookkeeping involves categorizing each transaction, specifying the amount involved, and tracking it in the relevant account.

article thumbnail

How Automation is Changing Accounting for Small Businesses

Counto

How Automation is Changing Accounting for Small Businesses The rise of automation is reshaping how small businesses in Singapore handle accounting. With evolving regulatory requirements, increasing digital adoption, and growing financial complexities, leveraging technology is no longer optionalits essential. Break free here.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Navigating ACRA’s Compliance Requirements for 2025

Counto

As we approach 2025, its essential to understand the latest compliance requirements set by the Accounting and Corporate Regulatory Authority (ACRA). The return must include up-to-date details such as the companys financial statements, directors, and shareholders. Discover our all-inclusive incorporation packages here.

article thumbnail

The Role of Bookkeeping in the Growth of Small Businesses in Singapore

Counto

For small businesses in Singapore, maintaining accurate financial records is not just about complianceits a crucial driver of growth. Proper bookkeeping enables businesses to track financial health, make informed decisions, and ensure regulatory compliance. Experience live accounting here. There’s a better way.

article thumbnail

Understanding Internal vs. External Audits: A Guide for SME Owners in Singapore

Counto

External Audits: A Guide for SME Owners in Singapore Audits are critical tools for evaluating a companys financial health and operational efficiency. An external audit involves an independent evaluation of a companys financial statements, ensuring they reflect a true and accurate picture of the companys financial health.

article thumbnail

What Are the Different Types of Accounting Services? A Guide for Small Business Owners in Singapore

Counto

What Are the Different Types of Accounting Services? Proper accounting ensures that you remain compliant with local regulations, maintain accurate financial records, and make informed decisions. This guide explains the different types of accounting services available and how they can help your business thrive.

article thumbnail

Why Accrual Basis Accounting Matters for Singapore SMEs

Counto

Why Accrual Basis Accounting Matters for Singapore SMEs For SMEs, the importance of maintaining accurate, compliant financial records cannot be overstated. Here’s why we recommend accrual accounting, the risks of cash basis accounting, and how Counto’s expertise can help safeguard your business.