Your business partner wants to take money out of the company. The business has had a strong trading period, the bank balance looks healthy, and both of you have invested considerable time and effort in building it. The request may be entirely reasonable. Your partner...
An accountant notices a payment that does not fit the company’s usual pattern. The supplier is unfamiliar, the description is vague, and the amount is higher than comparable expenses. When the accountant asks for supporting documents, the explanation is incomplete....
Completing an audit is an important milestone for any business. After weeks of answering questions, locating supporting documents, and reviewing financial information, management can finally turn its attention back to daily operations. Yet the period immediately after...
More KPIs Do Not Automatically Mean Better Management Open the management dashboard of a growing business and it may contain an impressive amount of information. Revenue by month, revenue by customer, gross profit, operating expenses, employee turnover, website...
The Company Has Rules, but Employees Also Know the Shortcuts Most businesses do not deliberately design weak approval processes. As a company grows, management introduces controls to ensure that purchases, payments, expenses, discounts, contracts and other important...
Buying AI Was the Easy Part Six months ago, management decided that artificial intelligence was no longer something the company could afford to ignore. Competitors were talking about AI, employees were experimenting with new tools and almost every business conference...
Three Numbers Can Create More Confusion Than Business Owners Expect Your Singapore company has just completed another strong financial year. Annual revenue reached S$12 million, total assets were S$8 million and the business employed 30 full-time employees at...
InvoiceNow Is Part of a Much Bigger Digital Shift For many Singapore business owners, InvoiceNow may initially sound like another change to the way invoices are created and sent. Instead of preparing an invoice as a PDF, attaching it to an email and sending it...
Digital Growth Is Creating New Opportunities for Businesses Singapore's digital economy continues to expand at an impressive pace, supported by investments in artificial intelligence, cloud computing, advanced manufacturing, financial technology, and digital services....