Counto
MAY 4, 2024
How to Apply for Halal Certification: A Comprehensive Guide for SMEs Navigating the Halal certification process can seem daunting, but it’s a powerful strategy for businesses aiming to expand their reach and cater to Muslim consumers. At Counto, we’re dedicated to simplifying this process for SMEs, small business owners, and entrepreneurs.
Accounting Tools
MAY 4, 2024
What is Monetary Value? Monetary value is the amount that would be paid in cash for an asset or service if it were to be sold to a third party. For example, tangible property, intangible property, labor, and commodities are priced at their monetary value. Monetary value is determined by the level of supply and demand for an item, and so can change over time.
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Counto
MAY 4, 2024
The Rise of EdTech in Singapore: Opportunities for Entrepreneurs Singapore’s educational landscape is rapidly transforming, driven by a burgeoning sector known as educational technology or EdTech. This evolution presents numerous opportunities for SMEs and startups aiming to make significant impacts in the educational sphere. Here’s an in-depth look at the growth prospects and strategic steps for starting an EdTech company in the vibrant environment of Singapore.
Accounting Tools
MAY 4, 2024
What is the Income Statement? An income statement shows the profit or loss generated by a business over a specific period of time. This is usually the most closely examined of the financial statements , since it reveals the operating performance of an entity. From top to bottom, the template for an income statement is comprised of a header block, a revenue section, a cost of goods sold section, a general and administrative expenses section, and an other income and profit or loss section.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Counto
MAY 4, 2024
Hiring Employees in Singapore for SMEs and Startups Singapore’s dynamic market offers ample opportunities for SMEs and startups, but navigating the complexities of hiring can be challenging. This guide covers everything from understanding employment laws to integrating foreign talent, ensuring you’re well-prepared to build a strong team.
Accounting Tools
MAY 4, 2024
What is a Sales Order? A sales order is a document generated by a seller for its internal use in processing a customer order. The document essentially translates the format of the purchase order received from the customer into the format used by the seller. The sales order is then used for a variety of purposes, including credit approval by the credit department, initiating a work order for unit construction, and initiating a picking operation to take goods from stock.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
MAY 4, 2024
What is Scrap Value? Scrap value is the market price that can be obtained for the individual components of an asset. This value is derived when the owner of an asset is deciding whether to incur costs to maintain it or to stop maintaining it, tear it down, and sell the parts. The scrap value of an item can vary substantially over time, based on the supply of and demand for it.
Counto
MAY 4, 2024
How to incorporate a FinTech company in Singapore Singapore’s rise as a global FinTech hub is supported by a robust ecosystem favourable for financial technology innovations. This guide details the process of incorporating a fintech company in Singapore, highlighting the unique requirements and benefits of the regulatory environment. Singapore as a Fintech Hub Growth and Support: Singapore’s financial sector, backed by the Monetary Authority of Singapore (MAS), has made significant investm
Accounting Tools
MAY 4, 2024
What is Sampling Risk? Sampling risk is the possibility that the items selected in a sample are not truly representative of the population being tested. This is a major issue, since an auditor does not have the time to examine an entire population and so must rely upon a sample. Types of Sampling Risk There are two types of sampling risk that can arise.
Counto
MAY 4, 2024
Thinking of Starting a Restaurant in Singapore? Read This First Singapore, renowned as a culinary haven, is a vibrant melting pot of cultures and cuisines from around the world. This diversity creates a dynamic food scene that attracts locals, tourists, and expatriates alike, making it an exciting opportunity for aspiring restaurateurs. If you’re contemplating opening a restaurant in this bustling city-state, Counto is dedicated to helping entrepreneurs like you navigate the complexities of sta
Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence
In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.
Accounting Tools
MAY 4, 2024
What is a Staff Auditor? A staff auditor occupies a non-managerial position within an audit team. This person assists more senior auditors with the completion of various engagement activities, and may work independently on less complex audit tasks. Staff auditors generally work on the more generic auditing tasks, though they may begin to specialize in certain niche areas, such as auditing for nonprofit entities or reviewing derivative transactions.
Counto
MAY 4, 2024
How to Find the Right Suppliers for Your Restaurant in Singapore Starting a restaurant in Singapore is an exciting venture in a city known for its vibrant culinary scene. To ensure your restaurant thrives, finding the right suppliers is crucial. This guide provides comprehensive insights into sourcing the best suppliers for your restaurant, ensuring you meet all regulatory and quality standards.
Accounting Tools
MAY 4, 2024
What is the Securities and Exchange Commission? The Securities and Exchange Commission (SEC) is a United States government agency that regulates the securities markets. The intent behind the SEC is to protect the investing public by promoting the full disclosure of financial information and by investigating cases of financial fraud. The SEC regulates all stock exchanges operating within the United States.
Blake Oliver
MAY 4, 2024
1,500 bogus audits. A $14 million fine. A lifetime ban from the SEC. But no jail time? On today's live stream, we led with the breaking news about the charges against BF Borgers, a one-partner audit firm charged with faking hundreds of public company audits – including Trump's SPAC! According to the charges , BF Borgers and its sole owner, Ben Borgers, orchestrated a staggering fraud spanning from January 2021 to June 2023.
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The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.
Accounting Tools
MAY 4, 2024
What are Implicit Costs? An implicit cost is any cost that is not reported as a separately identifiable cost. It is an opportunity cost , which means that resources are being used that could have been directed elsewhere. The amount of this cost is the foregone ability to earn money from the funds in some other activity. Thus, an implicit cost is associated with how an asset is used.
Accounting Tools
MAY 4, 2024
What is the Bank Balance? The bank balance is the balance reported by the bank on a firm’s bank account at the end of the month. What is the Book Balance? The book balance is the in-house general ledger record of the same account. Comparing the Bank Balance and Book Balance There are multiple differences between the bank balance and book balance, which are as follows: Checks outstanding.
Accounting Tools
MAY 4, 2024
What is Market Value per Share? Market value per share is the price at which a share of company stock can be acquired in the marketplace, such as on a stock exchange. This price varies throughout the day, based on the level of demand for the stock. The price will rise when more investors want to buy it than are willing to sell, while the price will decline in the reverse situation.
Accounting Tools
MAY 4, 2024
What is the Aging Method? The aging method is used to estimate the amount of uncollectible accounts receivable. The technique is to sort receivables into time buckets (usually of 30 days each) and assign a progressively higher percentage of expected defaults to each time bucket. The time buckets used typically follow this layout: Current receivable (no collection activities) 1-30 days past due (modest bad debt risk) 31-60 days past due (significant bad debt risk) 61-90 days past due (more likely
Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC
In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.
Accounting Tools
MAY 4, 2024
What are Accounting Ratios? Accounting ratios are those ratio comparisons that can be derived solely from the financial statements. They are used to form conclusions regarding the liquidity , leverage , profitability , and working capital usage of a business. All of these ratios can then be compared to the results from prior periods, as well as the same information reported by competitors, to judge the relative position of a company.
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