Segment by client, country, or project.
Use sub-wallets or virtual references mapped to clients or countries. Adopt a weekly FX log with target vs executed spreads, and export daily statements (CSV/API) into your accounting system. Separation simplifies aging, cash forecasting, and audits.
sub-accounts, virtual accounts, reconciliation
Related FAQs
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What metrics should finance track weekly to stay ahead?
Balances by currency, AR/AP due, FX plan, and exceptions.
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What internal controls should every SME enable?
Enable maker-checker approvals for payments ≥ SGD 5,000, set per-user limits, and maintain a vendor whitelist (approved UENs/IBANs only). Use device binding + biometrics for approvers and turn on dual-channel alerts. Ru
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What’s the simplest reconciliation rule set that actually works?
Uppercase and trim references, extract INV-\d+ to map to invoices, match exact amounts, and mark auto-cleared lines. Send mismatches to a review tab and resolve twice weekly. Export daily CSV/API statements to reduce lag.
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About the Author
Helen Lili – Editor, Research Lead
Helen leads tariff analysis and product change tracking. She maintains the normalized dataset that powers our comparison tables and ensures each claim links back to a dated primary source.
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