Why Small Businesses in Singapore Need Professional Accounting Services

Why Small Businesses in Singapore Need Professional Accounting Services

In Singapore, small businesses play a vital role in driving the economy and contributing to the diverse business landscape. Bestar Services understands this need and advocates for the employment of professional accounting services to ensure the financial health and compliance of these businesses. This article delves into the significance of professional accounting services for small…

Accounting for Hotels in Singapore

Accounting for Hotels in Singapore

Tourism is one thing that Singapore is known for. It is popular for spectacular views, amazing service, and stunning accommodations that helped Singapore succeed in the tourism industry. Therefore, so many foreign investors come to Singapore to open their own hotels.   If you are in the hotel business, you know how difficult it is…

Bookkeeping Services- What to expect_

Bookkeeping Services- What to expect?

Singapore registered companies are required to keep proper books of accounts. This bookkeeping process not just helps in facilitating the day-to-day account maintenance but also helps in financial statement drafting. It is because of it that a business gets a complete insight into sound decision-making and efficient financial management.

There are many accounting service providers in Singapore. One can always choose Bestar for their bookkeeping services, but before we move ahead, it is important to know what bookkeeping is.

Bookkeeping refers to the process conducted daily for recording all financial transactions and details. It also includes posting debits and credits, generation of the invoice, completing the payroll, and balancing the current account and general ledgers.

5 Accounting Practices for Financial Statement Preparation in Singapore

5 Accounting Practices for Financial Statement Preparation in Singapore

Accounting Practices in Singapore When it comes to preparing financial statements for an organization,extra care must be taken to maintain information accuracy and minimise the risk of errors in accounting practices. If you own a business in Singapore, it’s mandatory to prepare the financial statements adhering to the regulatory framework of Singapore Financial Reporting Standards…