Category: Accounting, Bookkeeping and Taxes

If you have a brand-new small business in Singapore, you started with a basic Excel template for your monthly bookkeeping. In the beginning, this works for you. It gets your information all in one place, and you have basic functionality.  However, Excel-based bookkeeping is a temporary solution. As your business grows beyond a one-person operation,…

Everyone in the accounting profession has the potential to transform their business using the Metaverse. Whether you are a freelance bookkeeper with a handful of clients or a large global accounting firm, Metaverse accounting is coming. Knowing what the Metaverse is, the value that it could bring to both firms and clients and how to…

In the realm of accounting, where numbers reign supreme, there exists a fascinating concept called depreciation. It is a process that holds the key to unraveling the value of fixed assets over time. As we embark on this captivating journey, we will delve into the world of depreciation, exploring its definition, significance in accounting, and…

As a business owner, you deal with many numbers every day. Whether you do your own bookkeeping or outsource it to an accountant or bookkeeper, you face the numbers of your business regularly. But what to do with these numbers? Accounting equations help you to make sense of the numbers that you see. Putting your…

Non-fungible tokens (NFTs) have become a new sensation among digital creators and investors across the globe. This blockchain-based platform is expected to gain further traction and become a gigantic $231 billion industry by the end of this decade.   Since NFTs have gained the limelight recently, accounting firms and freelance accountants are still not on the…

In the intricate world of business, financial clarity is paramount. A keen understanding of your company’s financial health is not just a luxury but a necessity. Without it, you’re essentially navigating through unknown waters, which could spell disaster for your business. This is where an accounting system steps in as a guiding light, demystifying the…

In the dynamic realm of business, small enterprises seek cost-efficient solutions for effective financial management. Enter free accounting software – a revolutionary tool empowering businesses to navigate complexities without financial constraints. This article explores the workings, advantages, and factors to consider when choosing the ideal platform. In this blog, we’ll explore: Understanding Free Accounting Software …

In the dynamic landscape of Singapore, the accounting and auditing sector is undergoing transformative changes, driven by technological advancements and emerging priorities. Here’s a glimpse into the upcoming trends that are set to define the new era in accounting and auditing within the Singaporean context:  In this blog, we’ll explore: 1. Technological Advancements and Integration:…

In the dynamic world of finance, Automa8e, a leading AI-powered accounting software based in Singapore, is making waves with its groundbreaking initiative – free, in-person accounting training. This transformative program, led by visionary CEO, propels professionals and businesses into the future of financial management. In this blog, we’ll explore: The Pinnacle of Automation  Automa8e’s free…

To prepare for the upcoming changes, accounting practices are encouraged to adapt and strategically expand their tech stack. The 2024 CPA Exam updates underscore the importance of digital transformation in the accounting profession. Cloud-based technology, automated tax compliance solutions, and streamlined workflows are key components to consider for practices aiming to stay dynamic, engaging, and…