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Record Keeping Requirements for New Businesses in Singapore

Counto

Record Keeping Requirements for New Businesses in Singapore For new businesses in Singapore, proper record-keeping is not just a good practice—it’s a legal requirement. What Records Must Be Kept? Refer to this Record Keeping Checklist for a list of the different types of records required.

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8 Tips to Optimize Record-Keeping for Small Businesses

Bookkeeping Express

Among the various financial practices, record-keeping stands out as a fundamental aspect that cannot be overlooked. Accurate and consistent record-keeping is the backbone of any successful business, providing vital insights, facilitating compliance, aiding in decision-making, and fostering growth.

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Record-keeping Best Practices: Organizing Financial Records for Tax Purposes

Outsourced Bookeeping

In this piece, we delve into the significance of proper record-keeping for tax-related reasons and discuss the optimal techniques to achieve it. By adhering to effective record-keeping procedures, companies can enhance their tax strategy, guarantee precise monetary recording, and simplify their billing and payment services.

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Proforma Invoice Vs Commercial Invoice – The Terminological Difference!

Invoicera

Invoices play an important role in completing the transactions between two businesses. The market share of online invoices is 20.4%, and it is expected to grow by 80% in 2027. There are two types of invoices: proforma and commercial. If a wrong invoice is chosen, the whole transactional process will be delayed.

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What Should an Invoice Contain?

Counto

What Should an Invoice Contain? Invoicing is a fundamental aspect of running a successful business. In this guide, tailored specifically for small businesses, we delve into the intricacies of crafting professional invoices that not only facilitate payments but also enhance your business’s reputation and financial management.

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The advantages of electronic invoicing for accounts payable

Cevinio

The advantages of electronic invoicing for accounts payable Governments around the world continue to encourage digitization and push companies towards adopting financial technologies such as electronic invoicing, or e-invoicing. What is an e-invoice? What is e-invoicing or electronic invoicing?

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Paperless Invoicing: Is It Better Than Paper Invoice?

Invoicera

Summary While paper invoices have served their purpose well over the years, they also posed challenges related to storage, retrieval, and environmental impact. Yes, paperless invoicing is better than paper invoices as it reduces environmental impact compared to paper invoices. Let’s begin.