When to Switch from "App-Only" to Audit-Ready Accounting | Bestar App-Only to Audit-Ready Accounting When to Switch from "App-Only" to Audit-Ready Accounting In the early stages of a Singapore startup, "App-Only" accounting—using a simple DIY app to track expenses and snap photos of receipts—is a rite of passage. It’s cheap, mobile, and gets the job done when your transaction volume is low. However, as you approach the April 2026 enforcement of the Corporate and Accounting L

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Navigating Insurance Accounting & Tax in Singapore: A Strategic Guide | Bestar Singapore Insurance Accounting & Tax Navigating Insurance Accounting & Tax in Singapore: A Strategic Guide In Singapore’s robust financial landscape, insurance companies operate under a rigorous regulatory framework. Balancing compliance with the Monetary Authority of Singapore (MAS) while optimizing for tax efficiency requires a deep understanding of both specialized accounting standards and loca

Common Mistakes in SFRS Compliance for Growth SMEs | Bestar SFRS Compliance for Growth SMEs Common Mistakes in SFRS Compliance for Growth SMEs In the competitive Singapore business landscape, Singapore Financial Reporting Standards (SFRS) compliance is often viewed as a "back-office" chore. However, for growth-oriented SMEs, financial transparency is the bridge to venture capital, bank loans, and successful exits. This guide outlines the most common SFRS compliance pitfalls