The Company’s Loan Repayments Increase Just as a Major Contract Ends
The company’s largest contract has supported steady revenue for several years. Management expects the relationship to continue, so the approaching end date receives less attention than current delivery targets. At the same time, a business loan is nearing the end of...
A Profitable Contract Requires a Bank Guarantee That Uses Up the Company’s Credit Facility
The contract appears attractive. Revenue is substantial, the expected margin meets management’s target and the customer offers the prospect of repeat business. Before work begins, however, the customer requires a bank guarantee. Finance arranges it under the company’s...
Corporate Tax Services Singapore: A Restaurant Pays to Repair Equipment and Upgrade Its Kitchen
A restaurant closes its kitchen for several days to complete overdue work. A contractor repairs an existing chiller, replaces an oven and modifies the preparation area. The final invoice describes the entire project as “kitchen repairs and upgrading”, and finance...
A Customer Deducts Late Delivery Penalties, but Finance Still Expects Full Payment
The payment arrives, but it is smaller than the invoice. The customer’s remittance advice explains that a deduction has been made for late delivery. Operations knows the shipment missed its scheduled arrival, sales believes the customer will withdraw the claim, and...
A Supplier Offers a Credit Note Instead of Returning an Overpayment
The supplier acknowledges that the company paid too much. Instead of returning the money, it sends a credit note and suggests deducting the balance from a future order. The purchasing team considers the matter resolved because the supplier has recognised the amount....
Finding an Audit Firm Near Me When the Finance Team Is Based Overseas
A Singapore company can have a local office, local customers and local operations while its finance team works in another country. Invoices may be processed by a regional shared service centre, payments approved at headquarters and financial reports prepared by an...
A Company Changes Accounting Software, but Nobody Can Explain the Opening Balances
The new accounting software is running. Supplier invoices are being entered, customers are receiving statements, and the dashboard presents a clear view of sales and cash. The implementation appears complete until someone asks a basic question: where did the opening...
The Sales Team Promises Rebates That Finance Only Discovers at Year-End
The sales figures look encouraging. A major customer has increased its orders, the account manager has met the annual target, and management expects the relationship to deliver a healthy contribution. Then, during the year-end review, the customer asks when its rebate...
Auditing Services Singapore: A Catering Company Bills for Events Held After Year-End
December can be a strong billing month for a catering company even when many of the events on its books will take place in January or February. Customers confirm menus, reserve dates and pay deposits, while the catering team begins arranging staff, ingredients and...
The Printing Company Buys Paper Early to Lock In a Lower Price
The paper supplier offers a price that is difficult to ignore. If the printing company confirms a larger order this week, it can secure a lower rate on a grade used regularly for brochures and catalogues. The sales team has several enquiries in progress, and...
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