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Cash Management

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When starting a business, most people have high expectations. You want your business to grow and win the market quickly. Unfortunately, reality may not match our expectations. If you experience something like this, do you give up? Of course the answer is no, right? What needs to be done is to think for the best business strategy, so we can still get the best results while staying within our budget at the same time. Let’s…

The development of a company can be observed from the income statement of that company. Therefore, the method to calculate profit and loss must be a science that is mastered by each company. A healthy company is a company that knows whether it suffers losses or gains profits every month. If the owner does not have the skills and abilities to calculate the company’s profits and losses, then there should be a party assigned to…

In all stages of your business, budgeting is very important for SMEs to start and set goals and evaluate the feasibility of business ideas. This is also important for company management to determine the company’s financial health. The budget is also needed to identify new investment opportunities and measure progress. In short, business must be built with a structured, neat and detailed budget. What is a Business Working Budget? Business working budget is the oldest…

There are many things that you need to know and understand when you decide to enter the business world. The 3 types of cost objects in a business is something that is quite important for you to learn. By knowing more about the types of cost objects, you can calculate the profits for your business properly. Before, it was very important for you to know that the allocation of costs in a business is the…

As part of a company’s monthly accounting cycle, every business must prepare two financial statements, which are the income statement and the cash flow statement. The income statement shows the company’s profit or net income while the cash flow report shows the position of the company’s cash. The latter is often less emphasised, but experienced business owners will tell you that it’s often the more important of the two. We find out why. What is…

Singapore’s ecommerce market looks poised for growth. A report by investment arm Temasek Holdings and tech giant Google revealed that the market will grow more than five times to be worth S$7.5 billion by 2025. Having sufficient financial resources can make the difference between businesses that are able to tap into these growth opportunities and thrive, and those that lose out in the competitive ecommerce landscape. Yet small business owners are often hindered by the…

You’re in need of funds for your small business venture, and are weighing out different external financing options. The right kind of financing needs to offer flexibility – you’re looking at an option that can fund a variety of expenses, and which you can tap into time and time again. If this checks off all the boxes on your list, a credit line may be right up your alley. Below, we’ve written a comprehensive guide…

For small business owners with little-to-zero experience with business finance, staying on top of your cash flow can appear to be a daunting task. Here’s where our guide comes in: it’ll take you through the basics – starting from defining cash flow management and other relevant key concepts, to exploring why careful cash flow management is important, as well as the common causes of cash flow challenges that small businesses face. We’ll then dive deep…