There is no need to worry if you think you know nothing about accounting. There are many free to use accounting software for people in Singapore especially good for charity organisations though they are stripped down, basic versions and you may have to pay a fee once you learn how to make use of free software to be able to use more advanced features. Even if you do not have diverse investments in various schemes, you must use personal accounting software to make a good budget to have a portion of your income saved to earn more money for you.
There is one more use of accounting software and that is help in filing income tax. If you make entry of all your income and expenditure in the accounting software singapore, you can easily arrive at the amount of income tax you need to file without hiring the services of a professional. Accounting software from Singapore software resellers are good for charities to keep track of all your income and your expenditure. A simple analysis of this money will help you to know the kind of expenditure that is adding to your debt and make you aware of the need to make a change in your spending habits. You will come to know wasteful expenditure that you have been incurring so that you make necessary changes and be able to save more.