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In-house vs Outsourced Accounting

In-house vs Outsourced Accounting In-house vs Outsourced Accounting – In their earliest days, many small business owners take care of their accounts themselves. For some, this can be a helpful way to familiarize themselves with the inner workings of their business. It also helps them to know the financial process. For many, it is a […]

What is Depreciation and its Accounting

What is the Depreciation Fund and Its Accounting When a business invests in assets like machines, tools, or equipment, those items don’t hold their value forever. With regular use, they wear out and lose worth. This decline in value is known as depreciation. To deal with it smartly, many businesses set up what’s called a […]

Check out how Amanda reduced her Bookkeeping cost?

Check Out How Amanda Reduced Her Bookkeeping Cost Bookkeeping is vital for every business. But Amanda, the founder of a growing eCommerce store in Melbourne, was spending far too much on it. Each month, her bills kept climbing. She knew this couldn’t go on. Her business needed clean books, but not at the cost of […]

Pros and Cons of Virtual Business [Paperless Business]

Benefits and Drawbacks of Running a Paperless Business Cloud-based business is no longer a trend. It is now a smart way to save time, cut costs, and work better. A paperless business means less clutter, faster work, and fewer errors. Many business owners have already moved to digital bookkeeping. It helps them manage money with […]

Getting Startup Capital

Startup Capital: Proven Ways to Secure Family Support Fast Starting a new venture takes more than just a great idea. You need funds to turn that idea into a real business. Startup capital becomes critical at this point.  Most new founders face a tough time raising funds from banks or investors, especially without a track […]

Why an Employee Handbook is Necessary

Why an Employee Handbook is Necessary The employee handbook contains a detailed introduction to the organization. This may include the history of the organization, how it came into being, what is its purpose, and how it is being operated. It may also contain some disclaimers such as the employee handbook does not create a relationship […]

Understanding Debit and Credit in Bookkeeping

Understanding Debit and Credit in Bookkeeping Bookkeeping is about keeping track of the amount you are earning and the amount of profit you are making. It helps you keep your money records clean and easy to understand. One big part of bookkeeping is learning about debit and credit in bookkeeping. It might seem hard at […]

CHARGING OF GST ON SALES IN SINGAPORE

Charging of GST on sales in Singapore GST means Goods and Services Tax that is  added to the cost of things people buy. The government pays for things like roads, schools, and hospitals from GST. It is important to know how GST in Singapore works if you have a business over there.You need to know […]

Do you believe your Bookkeeping fees are too high?

Do you believe your Bookkeeping fees are too high? Every business wants to keep its bookkeeping in a well-formatted way. For that reason, there are various aspects of the business that you need to properly in bookkeeping. Why is Bookkeeping essential for any of the business? Bookkeeping keeps the records of all the business activities […]

De Minimis Rule for Claiming GST Credit for Exempt Supplies

De Minimis Rule for Claiming GST Credit for Exempt Supplies  The De Minimis Rule for claiming GST credit for exempt supplies refers to a threshold that allows businesses to claim GST credits for inputs related to exempt supplies, as long as the exempt supplies do not exceed a certain percentage of the business’s total taxable […]