by The Raffles Corporate Services Editorial Team | Aug 10, 2026 | Accounting, Tax
Almost every Singapore business owns assets it uses year after year: computers, machinery, office fit-outs, vehicles, or equipment. These are your fixed assets, and how you record, track, and depreciate them affects your balance sheet, your profit, and the tax you...
by The Raffles Corporate Services Editorial Team | Aug 10, 2026 | Accounting
Most business owners watch their profit and loss statement closely and glance at their balance sheet occasionally, but many never look at the third core financial statement at all: the statement of cash flows. That is a mistake, because profit and cash are not the...
by The Raffles Corporate Services Editorial Team | Aug 10, 2026 | Accounting, Bookkeeping
Closing the books at the end of each month is what separates a business that knows its numbers from one that guesses. A disciplined month-end close means your management accounts are ready within days, your year-end is painless, and you spot problems while you can...
by The Raffles Corporate Services Editorial Team | Aug 10, 2026 | Accounting, Bookkeeping
Bank reconciliation is one of the most basic yet most valuable controls a Singapore SME can run. It is the simple act of comparing what your accounting records say about your cash against what the bank statement actually shows, then explaining every difference. Done...
by The Raffles Corporate Services Editorial Team | Aug 10, 2026 | Accounting, Bookkeeping
Every Singapore SME lives or dies by its cash flow, and for most small businesses the single biggest pool of trapped cash is money owed by customers. Accounts receivable, the invoices you have raised but not yet been paid for, can quietly grow until you are profitable...
by The Raffles Corporate Services Editorial Team | Aug 2, 2026 | Accounting, Corp Sec Library
Not every Singapore company has to be audited. Since 2015, a large share of private companies have qualified for the small company audit exemption under the Companies Act 1967, which frees them from appointing an auditor and filing audited financial statements. For an...
