Economic prosperity was distinct in the early months of 2020 until a global health issue rocked every state. As we all know, COVID-19 has caused serious effects on different industries, particularly in the field of tourism and hospitality. While the closure of businesses serves as direct proof of the most obvious effects brought by […]
In a survey done by Clutch, it was found that in 2018, a big percentage of small businesses didn’t do budgeting. However, it also showed that growing businesses have already learned the value of such tools. The refusal to use budgeting is particularly prevalent for start-ups. While this situation proves to be common for everyone […]
We all know how important accounting is in running a business. Without accounting, it would be impossible to keep track of your income, expenditures, do budget planning, make business decisions and measure growth. Because of the crucial role it plays, all entrepreneurs try to perform financial upkeep systematically, and this could result in tedious processes […]
For any SMEs around the world, survival is tough, especially in Singapore. Entrepreneurs are faced with never-ending challenges such as innovation, competition, brand reputation, workforce shortage, reduced cash flow, and economic downturn. We all know how the multiple crises have affected every industry these days. But despite this fact, many of those who persevered, […]
Every business, big or small, needs to deal with its finances. Apart from managing your products or services, your finances become your top priority. Practicing proper bookkeeping and having basic knowledge of simple accounting tasks will take your business a long way in budgeting, forecasting, and dealing with taxes. Not only will it make your […]
