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Marketplace vs Direct Sales: Understanding Different Accounting Approaches in Singapore

Counto

Tax Implications Marketplace: Goods and Services Tax (GST) obligations may vary depending on whether the platform collects and remits GST on behalf of sellers. Businesses in Singapore should carefully evaluate these accounting differences to optimise financial operations and ensure regulatory compliance.

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How to Detect and Prevent Accounts Receivable Fraud in 2025

Gaviti

The complexity of such fraud often requires detailed audits and advanced analytical tools to detect discrepancies in reported revenue versus actual collections. Plus, it allows you to collect receivables without identifying your bank account information to your customers.

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How To Do Accounts Receivable Reconciliation

Nanonets

Accounts receivable reconciliation is a fundamental accounting process that involves comparing and verifying the balances in the accounts receivable ledger against supporting documentation and external records. Any discrepancies found are investigated and resolved to maintain the integrity of the financial records.

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Guide to Virtual Bookkeeping and Automation

Nanonets

Picture this: a team of expert bookkeepers diligently managing your financial records and transactions without setting foot in your office. These professionals play a crucial role in ensuring the accuracy and integrity of a company's financial records. Sounds futuristic?

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What is Payment Reconciliation & How Does it Work?

Billing Platform

Accurate financial records are essential for businesses to meet auditing requirements and avoid potential fines or penalties for non-compliance. By having a systematic process in place for reconciling payments, business users can ensure that all transactions are recorded properly and that financial reports are reliable.

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What is Cash Reconciliation?: A Complete Guide

Nanonets

Through effective cash management practices, organizations can ensure the smooth functioning of their operations and uphold the trustworthiness of their financial records, making cash reconciliation a non-negotiable aspect of sound financial management. What is Cash Reconciliation? Category A Sales $503.00 -$3.00

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Top 7 Benefits of Automating Accounts Receivable and Payable

Invoicera

Real-time tracking while doing the financial recording keeps you alerted at all times regarding the current situation of your cash flow and fastens decision-making. Faster collections When debtors are late in making payments, automated systems can issue reminders and charges, resulting in faster payments and lower outstanding balances.