Aspire Blog

AP turnover ratio tells you how quickly you pay your payables. Learn its definition, importance, formula, and how to manage it effectively.

What is marginal cost? In this article, you’ll learn its meaning, its importance for decision-making, and how to calculate it.

Learn what the Hong Kong Standard Industrial Classification is and how to find the correct HSIC code for your business to ensure compliance.

What is turnover in business? In this article, you’ll explore what turnover means in business, types of turnover ratios, and how to calculate them.

Discover 5 SME funding programmes in Hong Kong, including BUD and EMF, and learn how your business can secure the right small business grant.

Confused about profit vs. revenue? This article explains the key differences between the two and how each number tells a different story about your business

What are the key differences between CapEx and OpEx? This article will guide you through the basics of CapEx vs OpEx and how to manage them effectively.

What is the meaning of retained earnings? In this article, you’ll learn the definition of retained earnings, their importance, and how to calculate them.

What is YoY analysis? In this article, you’ll learn what year-over-year analysis means and how to apply it in your day-to-day business operations.

Learn top strategies to connect with angel investors in HK, how to prepare your pitch, and a list of key players in the Hong Kong investment network.

What is a Letter of Credit (LC)? Learn its meaning, how it works, and its role in international trade in this article.

In this article, you’ll learn what opportunity cost is, why it’s important, and how to calculate it for better decision-making.

What is YTD? Learn what year-to-date means in finance, why is it important, and how to calculate it to track your business performance.

Looking to open a company bank account in Hong Kong? This guide will walk you through the process, requirements, and how to choose right one.

What is the current ratio, and why does it matter? Learn its meaning, formula, and how to calculate it for your business.

What is the debt-to-equity ratio? Our essential guide explains how to calculate, interpret, and improve this key financial metric.

In this article, you’ll learn about sole proprietorship tax in Hong Kong, from key benefits to the step-by-step process of filing tax returns.

A Certificate of Deposit can offer safe, predictable returns. Learn the pros and cons before deciding whether to lock your money in one.

Discover the key features and considerations of the top 5 SME banking options in Hong Kong, including Standard Chartered, OCBC, BOCHK, Hang Seng, and HSBC.

In this article, we’ll explore the digital banking scene in Hong Kong, its key services, and the top options such as ZA Bank, Mox, and WeLab.

This article will guide you through the ins and outs of Hong Kong startup incubators, covering their roles and highlighting the top incubator programmes.

In this article, you’ll discover the best expense tracking apps for small businesses in Hong Kong to help you automate and streamline expense management.

Looking to open a business account? In this article, we’ll reveal the 7 best banks Hong Kong entrepreneurs can consider for a business account

Discover the true chargeback meaning with our complete guide. Learn about the process, common causes, and how to avoid them..

Learn the meaning of company paid-up capital, why it's crucial for your business, and the specific requirements and regulations in Hong Kong.

Navigate the complexities of Hong Kong withholding tax with our complete guide. Learn its definition, how it works, and its current rates in this article.

Learn how a nominee director helps with compliance, bank accounts, and confidentiality. Our guide explains their meaning and key responsibilities.

Master the details of every foreign transaction fee and discover proven strategies to cut costs on international payments and protect your bottom line.

Which cashback card is best for you? In this guide, we’ll compare the top cashback cards in Hong Kong to help you make an informed decision.

In this article, you’ll learn several types of corporate credit fees and charges, including annual and transaction fees, and tips to minimise them.

Choosing the right business entity in Hong Kong? Our 2025 guide details every entity type, from sole proprietorships to limited companies.

Learn what the Hong Kong Tax Identification Number is, including HKID and Business Registration Number formats, uses, and verification for tax compliance.

Learn how to check and verify a company’s registration in Hong Kong through the Register of Companies, and discover the key company details to look out for.

Learn all you need to know about the corporate tax rate in Hong Kong, from available deductions to compliance rules to keep your business on track.

This guide explains the CR registration number in Hong Kong, its purpose, and how it differs from the BR number.

Learn what a sole proprietorship is and how it works in Hong Kong. Discover its benefits and limitations to decide if it’s right for your business.

Learn everything about VC funding—from what it is and how to get it, to managing risks and capital effectively.

Learn what a private limited company (Pvt Ltd) is, its structure and benefits, and how to set one up in Hong Kong.

Looking for the best card for travel and overseas spending in Hong Kong? Explore the top travel credit cards offering miles and extra perks for your business.

Discover what venture capital is and how it works, from deal sourcing to exit strategies, along with its advantages for scaling startups.

We break down the different types, scope, and how HKFRS compares to IFRS, so you can simplify financial reporting and ensure compliance.

Learn about HK's free port status, the difference between customs tax and excise, and how to calculate import duties.

What are overhead costs? Learn the full meaning of business overhead costs, clear overhead cost examples, and find out how to calculate them.

Discover the meaning of a proforma invoice and its benefits for your cash flow management and client relationships.

Discover what accrued expenses are, with clear definitions and real-life examples. Learn how to record and manage accrued expenses effectively.

Explore the full credit note meaning, the difference between credit and debit notes, and how to use them for returns, overcharges, and billing errors.

Aspire, the all-in-one finance platform for modern businesses, has announced that it is now officially part of the Amazon Payment Service Provider Program.

Understand different payment terms and how they impact cash flow. Learn the most common payment terms and tips to negotiate better payment conditions.

Discover the basics of contribution margin and see how to calculate it accurately. Find out why this metric matters for making better decisions and improving pricing strategies.

Learn the meaning of OPEX and discover types of operating expenses, how to calculate operating costs, and strategies to reduce them.

Learn what SEPA is and how SEPA transfers work. Discover SEPA payment types, benefits for businesses, and how Aspire helps you make SEPA payments.

Learn about the most effective payroll methods and how to manage payroll seamlessly. This guide helps you choose the right approach to paying your employees.

Discover the benefits of charge cards and their flexible spending power. Learn how to choose the right charge card for your financial needs.

Learn what a purchase order is, how it works, the different types & how to manage POs efficiently to improve supplier relationships.

Looking for the best multi-currency debit card in Hong Kong? Explore and compare the top 5 multi-currency cards to find the one that best suits your needs.

Discover which country is best to start a business, with tips on regulations, tax, and growth opportunities for entrepreneurs.

Compare Singapore vs Hong Kong for business. Explore economic landscapes, taxation, and setup processes to make informed decisions.

We show you how to make SWIFT payments as a business, discuss the fees and timeframes, and highlight how the SWIFT wire transfer network works.

Discover practical strategies to enhance your e-commerce cash flow and achieve sustainable growth. Read on to build a stronger financial foundation.

Learn more about how to track expenses for small business owners using tools like expense tracking software and accounting software.

The Maker-Checker process is an internal control method designed to reduce risk and prevent fraud. Discover how you can implement it with Aspire.

This article guides you through everything you need to carry out international payments for businesses in Hong Kong. Get ready to send money across borders!

Discover how an electronic invoice can simplify your accounts payable and receivable processes—while helping you improve cash flow and boost efficiency.

Learn how to forecast cash flow effectively to manage your business finances. We discuss the role that cash flow forecasting plays in modern businesses.

Learn the key differences between bookkeeping and accounting. Understand their role in managing financial data and improving business operations.

Explore cross-border payment methods, risks, and costs. Discover how Aspire helps Hong Kong businesses simplify international payments.

Discover how a local currency account helps businesses reduce FX costs and simplify global transactions. Learn how to set one up today.

Invoice OCR systems will simplify your accounts payable workflow by automating invoice processing. Read on to see how it works.

Learn the key steps of invoice management and how to streamline the process using technology and automation

Foreign exchange risk poses significant challenges for multinational companies. Learn how to manage this risk effectively to protect your business.

In this article, you will learn about the benefits of online payment acceptance and the different ways your business can accept payment online.

We look at free invoice software and online invoice generator programs to find the best on the market and discuss the features and benefits.

We discuss the "incorporated business meaning", highlight the many business types in Hong Kong, and discuss the benefits of incorporating a business.

SWIFT GPI is an innovative payment solution that facilitates fast transactions and promises complete payment and fee transparency. Here's how it works.

Discover types of B2B payment methods such as ACH, wire transfers, and online payments. Learn best practices and how you can choose one for your needs.

In this article, you can compare SWIFT vs local bank transfers for international transfers. Learn key differences, costs, and which one suits your needs.

Explore the top use cases of QR codes in e-commerce and discover how they can benefit your business.

Explore the key benefits and drawbacks of virtual credit cards—and find out how to get one for your business

Explore how Hong Kong businesses can choose the right Payment Service Provider, compare payment processing options, and simplify online payments.

Learn the definition and types of B2B e-commerce. Explore key models and examples, and discover how to build your own platform to reach business customers and global markets.

Compare the top multi-currency accounts in Hong Kong, including HSBC, BOCHK, Standard Chartered, Hang Seng, and Aspire to help your business manage global funds efficiently.

Learn the difference between IBAN vs SWIFT codes, how to find them, and how Hong Kong businesses can make fast, low-cost international payments with Aspire.

We look at the best ways to maximise your online banking security as a business, including MFA, security devices, and phishing education.

Compare online banking vs traditional banking in Hong Kong to choose the best fit for your business needs. Discover how Aspire supports modern businesses.

Why separating your personal account and business finances is crucial. Learn how Aspire's Business Account can streamline your business operations.

Learn how to set up payment on a website with ease, from choosing a gateway to going live. A guide for small businesses and startups.

Learn how a segregated account protects client funds, reduces risks, and supports regulatory compliance for growing businesses.

Learn the differences between telegraphic transfer vs wire transfer to choose the right option for your global business payments.

Discover the best types of bank accounts for business growth and control. Learn which suits your needs in this comprehensive guide.

Learn how ACH payments work and how they can benefit your business with fast, secure, and cost-effective transactions.

A strategic guide for cross-border e-commerce success. Learn how to stand out and retain customers in today's competitive market.

Explore essential international trade payment methods to streamline your transactions and minimize risks. Read on for practical insights and tips.

We address the question of “How many bank accounts should you have?” for businesses, covering how multiple business accounts can help with financial management.

Learn how to craft professional invoice emails and improve client communication to ensure timely payments and avoid overdue invoices.

The pros and cons of virtual and physical cards—what’s the right fit for your business? We look at payment processes, enhanced security features, and more.

Learn how to make an online cash withdrawal from ATMs in Hong Kong using mobile apps. We discuss the best practices for secure transactions with an ATM card.

Learn methods, tips, and best practices to streamline invoice payments, manage bill payments, deal with unpaid invoices, and boost cash flow.

Learn the basics of online payment security and best practices to secure online payments, prevent a security breach, and protect your business from fraud.

Discover what dropshipping is, how it works, and how to start a successful dropshipping business as a beginner.

Learn how to set up an e-commerce website with this step-by-step guide, and discover practical tips to maximise its online visibility.