For many Singapore SMEs, GST filing turns into a mad rush every quarter — chasing invoices, checking receipts, and piecing together what’s claimable just days before the IRAS deadline. The real fix isn’t working harder; it’s building a weekly routine that keeps your GST data clean, accurate, and audit-ready all the time.
Here’s how businesses are avoiding last-minute scrambles by automating GST prep through ccMonet.
GST compliance starts with complete documentation. But if invoices pile up in folders or WhatsApp chats, you risk missing tax credits or under-reporting revenue.
With ccMonet, staff can simply snap or forward invoices the moment they’re received. The AI reads and categorises each one — including supplier name, GST amount, and expense type — and stores it automatically.
By week’s end, every GST-related transaction is already logged.
Most SMEs only review input tax (GST on purchases) right before filing, when it’s too late to fix missing or invalid claims.
ccMonet helps you review input tax weekly with clear, auto-generated summaries of GST paid by category. You can easily check if supplier invoices meet IRAS standards (e.g. tax registration, valid invoice format).
That way, errors get corrected early — not during filing week.
GST reporting isn’t just about expenses — it’s also about ensuring all taxable sales are captured correctly.
ccMonet automatically links your sales invoices and POS data to GST categories. Whether your customers pay by bank transfer, PayNow, or card, output tax is calculated in real time and matched to your receipts.
No more back-calculating GST from lump-sum totals at quarter-end.
Bank reconciliation is where hidden GST discrepancies often surface — like unrecorded payments or double-counted receipts.
ccMonet’s AI Bank Reconciliation runs automatically, matching transactions to invoices daily. By reviewing your reconciliation once a week, you’ll catch gaps long before the next GST cycle — keeping your accounts clean and compliant.
Because ccMonet updates your books continuously, your GST data is always current. With one click, you can export a full summary showing:
It’s formatted for IRAS submission, so your accountant can file quickly — with zero last-minute stress.
Quarterly GST deadlines don’t have to mean panic. With ccMonet, your invoices, expenses, and payments stay GST-ready all year — automated, verified, and accurate.
Spend five minutes a week, not five days a quarter — and stay calm through every GST cycle with ccMonet.
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