Articles

Singapore Budget 2009

A total of S$20.5 billion Resilience Package to help Singapore see through the current period of exceptional difficulty was unveiled in Singapore Budget 2009 on 22 January 2009 by our Finance Minister, Mr. Tharman Shanmugaratnam.

The breakdown of this package is as follows:

Collecting on Overdue Accounts

Many small business owners work their fingers to the bone to sell their products. But that approach won't get your business anywhere if your customers don't pay. Here are some effective ways to get paid by delinquent customers:

Successful Cash Flow Management

Cash management is important; it is ultimately about cash flow. Regardless your company size, every business are vulnerable to cash flow problems, especially successful, growing companies where they tend to add employees and inventory rapidly. This may quickly deplete the company funds and lead to cash shortages.

Business owner must pay close attention to cash flow because having cash at the right time is important.

Here are some tips for saving money and managing cash flow:

Seven Signs of Internal Accounting Fraud

Many small business owners feel that their companies are immune to internal accounting fraud and embezzlement for two reasons: they don't have many employees, and the ones who deal with money are usually close to the owners. But regardless of size, any business is vulnerable to fraudulent activities by employees.

Following are seven indicators small business owners should consider:-

Accounting Tips for Small Businesses

It's easy for small-business owners to get so busy that they slack off in one of the most important areas of their businesses -- accounting. It always seems more important to close a sale or service a customer than it is to balance the books. But if you don't take time to tend to bookkeeping basics, your fast-growing business could run off the tracks.

The following tips can help you focus on the crucial aspects of your company's finances.