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Streamlining document security and workflow in accounting

Accounting Today

This is because the handling of confidential financial records requires not only technical expertise but also robust systems that ensure information is secure, organized and readily accessible. Document security in accounting encompasses protocols for safeguarding records against unauthorized access, data breaches and loss.

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Navigating ACRA’s Compliance Requirements for 2025

Counto

Financial Record-Keeping and Audit Requirements ACRAs compliance requirements for financial record-keeping and audits continue to be stringent. Audit Requirements for Larger Companies : If your company does not qualify for audit exemption, it will need to undergo an audit and submit audited financial statements to ACRA.

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Why Accrual Basis Accounting Matters for Singapore SMEs

Counto

Why Accrual Basis Accounting Matters for Singapore SMEs For SMEs, the importance of maintaining accurate, compliant financial records cannot be overstated. Legal Compliance In Singapore, maintaining financial records on an accrual basis is mandatory. Why Accrual Basis Accounting is the Only Compliant Method 1.

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Tax Deductions and Incentives Available for F&B Businesses in Singapore

Counto

Importance of Keeping Detailed Financial Records for Tax Deductions and Incentives For F&B businesses, maintaining accurate and organised financial records is essential to maximise tax deductions and ensure full compliance with tax laws. Here’s why it matters: 1.

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9 Ways to Prepare Your CPA Firm for a Smooth Tax Season

Analytix Finance & Accounting

However, even with the right knowledge, expertise, and resources, errors in calculating tax obligations or even tax documentation can occurparticularly when last-minute requests arise. Tax Document Management Issues : Incomplete or delayed documentation from clients adds significantly to the stress of tax preparation.

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Top 9 Rossum alternatives for data extraction

Nanonets

Founded in 2016, Rossum has quickly become a major player in the document processing and automation space. Data extraction accuracy for complex documents 2. 5 Mindee Developer-friendly API for document parsing and OCR 4.5/5 7 Docparser Rule-based data extraction from documents 4.6/5 Support for a specific language 3.

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Invoices in Audits: What Every SMEs in Singapore Should Understand

Counto

Invoices in Audits: What Every SMEs in Singapore Should Understand As a small business owner in Singapore, navigating the complexities of financial management can be daunting. Invoices are not just payment requests; they are vital documents that ensure compliance and clarity during financial assessments.