small business

What Are Payment Terms in Invoicing & How They Help With Cash Flow

Many small businesses face issues with cash flow due to late payments from their customers. Being upfront and clear with payment terms is a vital part of getting paid on time.

8 min read Jul 20, 2020

What is a Balance Sheet? Explained under 3 minutes

Accounting

What is a Balance Sheet? Explained under 3 minutes

A Balance Sheet offers a snapshot of your company’s financial position at a moment in time. The Balance Sheet helps you answer the questions: - How much does your business own? - How much does your business owe? - How much was invested by your own fund, or shareholders funds?

2 min read Jul 20, 2020

What is the Single Step Income Statement & When to Use It?

Accounting

What is the Single Step Income Statement & When to Use It?

Explanation of the single-step income statement in greater details. Find out the accounting equation to compute the net profit using the single-step income statement and examples of single-step income statement.

3 min read Jul 19, 2020

What is Invoice Factoring and How Does It Improve Cash Flow?

Frustrated with late payments from customers? Invoice factoring is a viable alternative to improve your business cash flow.

5 min read Jul 17, 2020

HR & Payroll

Digitalize your business with a payroll system and get Digital Resilience Bonus up to SGD 2,500

As employees, we all love to get paid. But if you are an SMB owner, time spent on manual payroll calculations. It is a nightmare! Keep reading to wake up from this bad dream.

8 min read Jul 13, 2020

COVID-19: List of Singapore Government Grants to Help Small Business Owners

The Singapore Government is doing its best to help businesses, especially small businesses, to overcome their financial hurdles during Covid-19. Here is a list of some government grants to help small business owners in these trying times.

8 min read Jun 24, 2020