Correct. There would be some things in your chart of accounts that would be unique to Singapore. For example, you would have CPF liability and expense accounts. You'd need separate categories for directors salaries and fees, apart from normal salaries.sundaymorningstaple wrote:Bookkeepping principles are the same for all countries. Statutory submissions however are something else, but that is an accountant's job, not a bookkeepper's job.
Doris... you are showing yourself to be pretty clueless. If you want to do your business right, you will spend the necessary money to ensure that you track it properly, the most important element being your ability to understand your own P&L, cash flow statement, and balance sheet.Doris yeo wrote:any free software or excel template?
Hi kite, how much does MYOB cost? thanks, I will check on GST registered stuffs first.kite wrote:i use MYOB, it is very simple to use for someone without accounting background.
i got my company GST registered and you'll need to sit through a presentation by IRAS if you are GST registrered. it's rather comprehensive.
can chck out on IRAS website.
Hi, thanks for the notes. I am just thinking whether to do bookkeeping by myself using some kind of software or outsource it like statutory submission.Strong Eagle wrote:Doris... you are showing yourself to be pretty clueless. If you want to do your business right, you will spend the necessary money to ensure that you track it properly, the most important element being your ability to understand your own P&L, cash flow statement, and balance sheet.Doris yeo wrote:any free software or excel template?
There is no real free accounting software, none at least that makes it easy for you to adapt. Go to sourceforge if you want free stuff.
Type chart of accounts if you want a template... there will be many.
Hi, kite, yours is MYOB Business Basics?kite wrote:i use MYOB, it is very simple to use for someone without accounting background.
i got my company GST registered and you'll need to sit through a presentation by IRAS if you are GST registrered. it's rather comprehensive.
can chck out on IRAS website.
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