Accounting & Bookkeeping
All Singapore incorporated companies are required to keep good and proper accounts in accordance with Singapore Company Act. Good and proper accounting services play a crucial role in Singapore SMEs business operation. It facilitates routine accounts maintenance and provides useful financial information for important management decision making.
Why outsourcing your accounting & bookkeeping?
- Expertise and Experience: Professional firms specialize in accounting and bookkeeping, ensuring that the work is handled by experts who are up-to-date with the latest accounting standards, tax laws, and financial regulations in Singapore.
- Cost Efficiency: Outsourcing can be more cost-effective than maintaining an in-house team, especially when considering salaries, benefits, training, and the use of accounting software and systems.
- Focus on Core Business: Delegating accounting tasks to a professional firm allows business owners and their teams to focus more on core business activities, driving growth and improving their offerings.
- Scalability: Professional firms can scale their services up or down depending on the business's growth and changing needs, providing flexibility that is particularly beneficial for dynamic and expanding companies.
- Regulatory Compliance: Keeping up with changes in tax laws and financial regulations can be challenging. Professional firms ensure that your accounting practices comply with the latest legal requirements, thereby avoiding potential fines and legal issues.
Our Service Package includes
- Monthly/Quarterly/Semi-annually/Annually bookkeeping services
- Preparation of Trial Balance, General Ledger, Profit and Loss Statement and Balance Sheet
- GST report and filling for GST registered clients
- Preparation of management accounts
- Preparation of fixed assets register
- Accounts Receivables and Accounts Payable listing
- Bank reconciliation and Cash Book maintenance
- Preparation of audit schedules
- Assisting clients to clear audit queries