Introduction to Business Portfolio

In this article

Setting up your Business Portfolio is one of the most critical first steps in your onboarding process. This page does more than just display your name; it acts as the "legal brain" of your operation. The information you provide here directly impacts your financial reporting, legal compliance, and customer experience.

Contents

What is a Business Portfolio?

A Business Portfolio is the comprehensive digital profile of your company. It stores your Legal Business Name, Company Registration Number (UEN), and Tax Registration Number.

It is also the control room for your financial configurations. Here, you define your Sales Tax settings (such as GST or VAT) and your Bank Statement Descriptor.

Why is Business Portfolio is important?

You must configure this correctly for three main reasons:

Automated Tax Compliance: Once you enable and set your tax rate here (e.g., 9% GST) , the system will automatically apply these charges to orders during checkout. You do not need to calculate tax manually for every sale.
Professional Invoicing: The "Business Name" and "Legal Business Name" you enter here are exactly what will appear on your official payment statements, invoices, and receipts given to customers.
Payment Clarity: The "Bank Statement Descriptor" field allows you to control what customers see on their credit card or bank statements. Keeping this clear (within 10 characters) prevents customers from disputing charges because they didn't recognize your company name.

Give feedback

Up next

Setting up your Business Portfolio

Learn how to establish your business identity within the platform. This guide covers configuring essential legal details, setting up automatic sales tax calculations, defining financial rounding rules, and adding your brand elements.