Section 171(1) of the Companies Act (Chapter 50) mandates that: “Every company shall have one or more secretaries each of whom shall be a natural person who has his principal or only place of residence in Singapore.” Do I need to secure a company secretary from you? Compliance with the laws and regulations is essential …
Bookkeeping is the recording, on a day-to-day basis, of the financial statements and information pertaining to a business. One part of accounting focuses on presenting the information in the form of general-purpose financial statements (balance sheet, income statement, etc.) to people outside of the company. All companies registered in Singapore must keep proper books of …
Tax computation is a statement showing the tax adjustments to the accounting profit to arrive at the income that is chargeable to tax. Tax adjustments include non-deductible expenses, non-taxable receipts, further deductions, and capital allowances. Companies should prepare their tax computations annually before completing Form C-S / C. Only companies filing Form C need to …
Unaudited Financial Statements ACRA as per the compliance requirements, a private limited company must table its audited / unaudited financial statements Singapore to the AGM within 6 months of its financial year-end. If it is time for you to… Unaudited Financial Statements ACRA As per the compliance requirements, a private limited company must table its …
Before you start your bank reconciliation Before you start your bank reconciliation, make sure you’ve entered all your transactions, such as invoices, bills, credit notes, and expense claims. If any payments have been made on these transactions, you can enter them before you start, or during bank reconciliation. How do you know when to reconcile. …
Create an invoice for someone to pay you, either in the web version of Xero or in the iOS or Android app. You can attach files, code items to different accounts, and send the invoices to your customers. If you are using… Overview Create an invoice for someone to pay you, either in the web …
Create a bill for purchases that you’ve made in your default currency or add bills in other currencies if you’re using multi-currency. Allocate credit to the bill you have created. Add and approve bills either in the web version… Overview: Create a bill for purchases that you’ve made in your default currency or add bills …
The chart of accounts is the list of all accounts your organization can use to record your transactions in Xero. It helps you classify your transactions correctly, and generate meaningful reports to help you run your business better.… Overview: The chart of accounts is the list of all accounts your organization can use to record …
