Accounting and Bookkeeping Services for Small Business and Startup in Singapore What is considered as Small Business in Singapore What accounting services does a small business needs in Singapore? To align our definition of small business, we are referring to the same...
Cash Flow Statement Singapore Cash Flow Statement used in Singapore Cash Flow Statement reports an entity’s true financial health with the inflows and outflows of cash over an accounting period, best used as monthly report. It logs in the actual financial transaction...
Income Statement Singapore Income or Profit & Loss Statement used in Singapore Income Statement (aka Profit & Loss Statement) indicates a business entity’s financial performance over a period, likely to be yearly for tax reporting, with its revenue...
Balance Sheet Singapore Balance Sheet uses in Singapore Balance Sheet, in Singapore Financial Reporting Standards SFRS also known as the statement of financial position, is one of the statement of accounts required by the Inland Revenue Authority of Singapore IRAS,...
Singapore Accounting Standards Singapore Accounting Standards Overview In 2007, Singapore Parliament passed down an Accounting Standards Act and formed the Accounting Standards Council (ASC) with the responsibility in making and maintaining the accounting standards...
Singapore Financial Reporting Standard SFRS for Small Entities SFRS for Small Entities Overview The Accounting Standards Council (ASC) main focus is to ensure the accounting standards consistency, facilitate similarity in financial statements among different entities...
Financial Statements Singapore Purpose of Financial Statements in Singapore The Accounting Standards Council ASC in Singapore believes that the financial statements purpose is intend for the use of economic decisions makers. These decisions like determine when to buy,...
