![]() ![]() In the beginning, youll learn how to use the. The following free and low-cost online bookkeeping courses, certifications and organisations that offer courses are all stepping stones in helping add depth to any bookkeeping initiative. Its a fun learning journey that turns you from beginner to pro. While knowledge and areas of focus are key, a course or accreditation add a professional angle and edge. There are various exemptions in relation to annual revenue and company shareholders which impact audits. Knowledge regarding various Inland Revenue Authority of Singapore (IRAS) regulations is also critical as it has implications regarding tax credit.Īnother key area of focus is the audit process, and how it works in Singapore. Other key areas of focus, laid out by the SFRS are real estate valuation, inventory valuation and deferred taxes. This becomes important when looking at when to apply certain depreciation methods, including straight-line or accelerated. SFRS has a few nuances compared to International Financial Reporting standards (IFRS) and knowledge in this area is critical. ![]() This includes knowledge of SFRS and IRAS. In Singapore there are a few critical areas of focus for anyone interested in bookkeeping. This means that learning how to use accounting software, taking some online bookkeeping courses, and even getting certified as a bookkeeper can help your career. A full-charge bookkeeper handles all the accounting processes for a business, while other bookkeepers are required to handle specific tasks given by the employer, such as payroll or receivables.įor an entry-level bookkeeping position, some employers only require you to have a high school diploma, but most employers also expect some type of work experience. It certainly makes keeping your books much easier.Īs a bookkeeper, you’re responsible for maintaining accurate accounting records. ![]() Learning bookkeeping and taking a bookkeeping course is an invaluable addition to any founder, or anyone wanting to understand and add insight to the financial side of the business. As a self-employed individual without employees, inventory and the need to do double-entry accounting, QuickBooks Self. This simple software is the ideal accounting assistant you need to run your small business. There are various other requirements, stipulated by ACRA and IRAS that include cash flow, reviews, budgeting financial statements and more. This free online QuickBooks course will give you all the information on how to use the latest QuickBooks Self-Employed program. QuickBooks online training provides an essential skillset. Whether you just want to stay on top of your finances or you have a business that’s large enough to require filing, understanding what’s required of your bookkeeping means you need to master a few skills.Īccording to the Singapore Companies Act all resident companies in Singapore have a mandate to maintain a proper book of accounts. Our QuickBooks course certification explores bank reconciliation, super payments and online banking. No matter the stage or size, every business needs a bookkeeper. ![]()
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