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An Essential Guide Explaining the Accounts Payable Process Accounts payable refers to the money that a company owes to its creditors. In other words, it means creating an account of the things that your firm has bought in credit, but hasn’t yet paid for. Once you pay the money, the account payable is debited. In…
Updated Guidelines for RFAs in Singapore and What It Means for Your Business After the feedback and letters from expert organizations including the Chartered Secretaries Institute of Singapore, Institute of Company Accountants, and the Law Society of Singapore, authorities have updated guidelines for RFAs. According to the ACRA, this has been done for “better guidance…
7 Qualities of a Great Accountant That Make Them Different From Others Who makes a good accountant? This is a question asked by both clients looking for accounting services, and accounting professionals looking to improve the quality of their service. Well, the answer is objective; however, is kind of straightforward. A good accountant should be…
7 Most Important Accounting Tips for Startups in Singapore Accounting can be confusing to startups; however, it is one of the most important business processes. After all, excellent and accurate financial reports give a company a sense of direction, which will help for its growth. We look at some of the most important accounting tips…
A Step by Step Guide to Prepare a Balance Sheet for Companies Companies normally prepare a balance sheet every month or on a quarterly basis; the time depending on the frequency of reporting. Well, whichever one it is, you should be careful about creating the sheet in the right way. This is because a balance…
What Is the Best Way to Make a Will? 3E Accounting Has the Answer All wills in Singapore are governed by the Wills Act. If you’re planning to prepare a will, this guide is a must-read before you begin. What You Need to Know About Your Will in Singapore Per the Wills Act, a…
Important Steps to Ensure Your Will is Accessible to the Executor Where you store your will is an important consideration. This is because you want your will to be easily accessible to the executor. It ensures unnecessary delays can be avoided. For a will to be carried out properly, it is your executor who will…
Allocating Your Overseas Assets in Your Singaporean Will Preparing a will is tough enough. Add overseas assets into the mix and it can be a little more challenging. How do you include these assets in your Singapore will? Can I Include Assets Abroad in My Will? Yes, you can. People who prepare wills are…