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Cash Management

All about cash management for your business. Learn helpful tips on cash flow, budgeting and cost-cutting, and how your business can benefit.
January 8, 2021
January 12, 2021
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10 mins read

20 Best Accounting Software Tools for Businesses in Singapore (2021 Edition)

What’s the best accounting software tool for small businesses? We break down 20 of the best accounting tools on the market, for all your small business needs.

January 6, 2021
January 14, 2021
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8 mins read

10 Tips to Simplify Bookkeeping for New Businesses

Struggling with keeping track of your business numbers? Here are our top 10 tips on how to keep your books up to date.

January 5, 2021
January 6, 2021
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7 mins read

How to Automate Expense Management for Small Businesses?

Looking for a way to automate your expense management for your business? Here’s how. 

December 8, 2020
December 8, 2020
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6 mins read

What are CAC and CLV for Business Growth?

Learning to calculate and analyse industry metrics like Customer Acquisition Cost (CAC) and Customer Lifetime Value (CLV) is very important for business owners to grow.

November 11, 2020
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7 mins read

How to Calculate Inventory Turnover Ratio for Small Business

Inventory turnover refers to the rate at which a company sells and replaces its stock of goods during a particular period. This can be used to measure the overall efficiency of a business in which a higher turnover indicates a better performance and vice versa.

November 11, 2020
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6 mins read

What You Should Know About Managing Payroll in Singapore

Managing your payroll can be tough, especially when you’re a small business here trying to grow your team. There’s a lot to take note of from computing and disbursing salaries to ensuring compliance with the legal requirements in Singapore.

November 5, 2020
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4 mins read

Differences Between Invoice Financing vs Invoice Factoring

We’ll cover the basics, as well as the pros and cons of both options so that you can decide which one is more suitable for your business. 

October 14, 2020
October 15, 2020
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5 mins read

Practical Tips to Manage Business Finances From Home

To help you get started, we’ve come up with a few tips on how to manage your business finances from home. 

October 8, 2020
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5 mins read

Example of a Cash Flow Statement for Startup Business

Learn about the components of a cash flow statement and craft your startup business’ cash flow statement with this example from ACRA.

September 23, 2020
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6 mins read

How to Manage Accounting for Your E-Commerce Business

Setting up your own eCommerce store is no easy feat. As an eCommerce business owner, you will be tasked with a never-ending to-do list but what you can’t compromise on is the accounting for your business. 

February 17, 2020
September 7, 2020
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7 mins read

Which Is Better For Your Startup? Raise Equity or Debt?

Is debt financing better than equity financing? It depends. There are advantages and disadvantages to both and it's good to understand each method and how it can benefit your company before considering to go with equity or debt financing.

December 23, 2019
August 17, 2020
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6 mins read

Guide to Opening a Business Account in Singapore

One simple, yet important step to increase your business financial condition is through separating your business account from your personal bank account.

January 10, 2030
September 7, 2020
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6 mins read

What is a Cash Advance and Why Businesses Need it? | Aspire

If you've been researching ways to get fast funding for your business, you may have considered a cash advance as your preferred choice for its fast and flexible financing method but what exactly is a cash advance or merchant cash advance?

October 4, 2019
December 11, 2020
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2 mins read

Refer and Earn Money with Aspire

 Earn money for every verified SMEs you refer to Aspire. The process is simple! Fill in the form and our partnerships team will be in touch.

September 26, 2019
August 12, 2020
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4 mins read

An Introduction to Working Capital Management

Working capital itself refers to the money that is the company's current assets and current liabilities or debts. In other words, a good working capital management determines the growth, profitability and liquidity of the company.

September 16, 2019
December 11, 2020
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8 mins read

Complete Guide to Business / Merchant Cash Advance for Startup Companies

A business cash advance, also known as Merchant Cash Advance (MCA), is NOT a loan. Basically, a financing company advances you cash in exchange for your future credit card sales, plus additional fee.

September 10, 2019
August 17, 2020
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5 mins read

Sales Forecasting: How to Estimate Sales More Accurately

Sales forecasting is one of the most important process in a business. Whether your business is in the early stage, or in the process to develop one, it is important to have a sales forecast to better understand how your business will grow in a certain period of time.

April 25, 2019
October 15, 2020
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5 mins read

What is an Ending Finished Goods Inventory Budget?

Ending Finished Goods Inventory is the stock of products that are ready for sale but not yet sold. Before producing the products, calculate the basic costs of materials, direct labor costs, and overhead budgets to develop a budget for these goods.

April 26, 2019
September 7, 2020
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5 mins read

Total Taxes for Small Business Owners

Many business people felt so relieved in the past few months because of the tax amnesty which was given by the government. Tax amnesty is elimination of tax that should be owed.

April 27, 2019
August 12, 2020
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5 mins read

The Use of LIFO and FIFO in Inventory Accounting

There are at least two systems for inventory accounting, namely LIFO (last in first out) and FIFO (first in first out). These two recording systems definitely have an important role in your business, regardless of whether your capital to buy the inventories comes from bank loans or other online loans.

May 2, 2019
September 7, 2020
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6 mins read

Difference Between Profit and Cash Flow

In order to start a successful business, besides a good business idea, we need sufficient knowledge to manage the business. A lack of analysis can result in entrepreneurs only looking at a business from the profit point of view without thinking about cash flow.

May 6, 2019
September 7, 2020
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6 mins read

Easy Ways to Plan a Budget for Small Business

Here's why plan a budget is important for small business entrepreneurs: No matter the industry, market fluctuations can signal volatile waves for SMEs. 

April 23, 2019
September 7, 2020
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5 mins read

10 Smart Ways to Save Money When Starting a Business

When starting a business, most people have high expectations. You want your business to grow and capture the market quickly. Unfortunately, reality may not match our expectations. If you experience something like this, do you give up?

April 20, 2019
September 7, 2020
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6 mins read

10 Mistakes That Can Ruin Your Business Credit Score and How to Avoid Them

It is of course very important for business people to know and understand the mistakes that can damage your business credit score. If not, it is possible that your company will soon be out of business with huge losses. This depends very much on how much capital you spend on these business activities.

April 24, 2019
September 7, 2020
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7 mins read

9 Steps to Determine Taxes for Small Businesses

Every subject in this country is taxed and this also applies for businesses. However, determining the amount of tax is not easy because it is imposed based on many things, not only on a business’ profits.

April 18, 2019
November 6, 2020
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6 mins read

9 Parts of an Operating Budget for SMEs

In practice, business needs financial planning as a reference for running business operations during a specified period. In the master budget, there are three main components: income and expenses, overhead and product costs, monthly, annual average and projection totals. In this particular topic, we'll be looking at closely at the income and expenses component for our business operating budget. 

April 16, 2019
September 7, 2020
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6 mins read

8 Tips in Recordkeeping for Small Businesses

Recordkeeping for small businesses in this article refers to all aspects of recording that is related to accounting. Meanwhile, bookkeeping is based on recording all information about transactions and all financial activities. 

April 17, 2019
August 14, 2020
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5 mins read

7 Tips for Analyzing Cash Flow

What is a cash flow analysis? Cash flow analysis is a cash flow report which is related to financial statements. It contains cash receipts and expenditures in a company for a certain period.

April 15, 2019
August 12, 2020
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7 mins read

6 Steps to Analyze Financial Statements Effectively

Every good company must have an expert in finance who can analyze financial statements carefully and effectively. Finance is delicate, so a person who holds full control of the financial statements must be responsible, and the person must work as detailed and as thoroughly as possible.

April 14, 2019
August 17, 2020
•
6 mins read

6 Easy Steps to Create Cash Budget for Your Business

Cash is the fuel that keeps your business running. Cash flow can be defined as the way money flows into and out of your business. From here, we can distinguish which business will be able to last and which one will not.

April 12, 2019
September 7, 2020
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6 mins read

5 Steps to Make a Break-Even Analysis Efficiently

A business has to do a break-even analysis because it determines whether the business can last in the long run. There are 5 easy steps to make a break-even analysis or break-even point calculation. Check the information below!

April 11, 2019
September 7, 2020
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7 mins read

5 Reasons Gross Margin is Important in the Eyes of Investors

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 analyze them.

March 10, 2019
September 7, 2020
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5 mins read

A Guide To Understanding Cash Flow

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.

January 21, 2019
August 12, 2020
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8 mins read

The SME Business Owner’s Guide to Cash Flow Management

Here's our guide on how SME business owners can manager their cash flow - 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 into five key strategies that you can easily implement for better cash flow management.

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