Choosing the right inventory costing method is more than an accounting exercise – it directly affects your reported profits, tax obligations and stock valuations. In Singapore, businesses follow International Financial Reporting Standards (IFRS) , which permit methods such as weighted average  and first‑in, first‑out (FIFO) . SQL Account, one of the most popular SME accounting systems here, supports FIFO  and weighted average  costing, while more specialised businesses can ap

Switching to a new accounting system doesn’t end when the data import finishes. Once your customers, suppliers and inventory lists are in place and a Chart of Accounts  has been created, you still need to confirm that everything adds up. Otherwise you risk messy reports and compliance headaches. Here’s a condensed checklist you can follow after moving to SQL Account  or any on‑premise solution. 1. Check your master data Ensure the basics are correct: Customers & suppliers:  C

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Explore seven powerful advantages that make SQL Account the go‑to accounting software for Singapore SMEs—from GST compliance to hybrid...

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From Paperwork to Profit — Why SQL Account Tops the Charts for Singapore SMEs Meta description:  Drowning in paperwork? See how SQL...

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Introduction: The Accounting Toolbox Dilemma Running an SME in Singapore means juggling tight margins, GST reporting, and the...

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Accounting software like SQL Account makes managing finances easier, but you may still have some questions. We've compiled the top 10...

As Singapore moves towards a more digital and efficient business environment, InvoiceNow  has become a game-changer for companies looking...

Artificial Intelligence (AI) is revolutionizing industries worldwide, including accounting. With AI-driven technology increasingly...

Managing finances effectively is crucial for businesses of all sizes. However, many small and medium-sized enterprises (SMEs) encounter...

Running your own business is exciting. But if you feel accounting is a black hole, boring and tedious, these feeling isn't your fault....