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Accounting Services

Accounting-Services

Accountingservice.com.sg provides wide spectrum of Singapore accounting services for companies and businesses to fulfill the regulatory compliance requirements laid down by the governing authorities such as ACRA and IRAS. Our approach to deliver accounting services in Singapore is flexible and extremely friendly in nature. We have a team of expert accountants that is committed to serve effective and customer oriented services to wide ranges of clientele.

Multitask? Hire an Accounting Services Singapore for Small Businesses

The main objective of our accounting services is to reduce the work-load and the expenses of business owners, helping them to focus on core business activities. By any standards, the task of bookkeeping and accounting is an essential, but, a non-core task. It is also repetitive and intensive in manual work. The small business owners who are multitasking to deliver their services or products to the customers may not be able to spare time at the end of working day to update their book. However, the task can’t be delayed as the owners have the best chance of recording the transactions when they are fresh in their minds.

The bookkeeping for a business of any size involves recording each of its financial transactions. It means spending time and a resource for recording and filing of sales invoices and bills of purchases. The task needs knowledge bookkeeping to properly place each item in the books and of Singapore Financial Reporting Standards (SFRS). The bookkeeper must also know the Singaporean tax laws, the deductions claimable for the company expenses and place them under the related account head. It is a tough task better left to the professionals from one of the accounting firms in Singapore.

The regular updating of the books of account is a statutory requirement for the Singapore companies. It is also a way keeping track of the cash flow of the business. With the latest financial information, it is easier to judge the financial health of the business. But, it needs knowledge of accounting concepts and principles and not all small businesses can employ an in-house accountant to do the job. Then, the accountant’s work needs periodical reviews. The current trend is to hire one of the experienced accounting services Singapore and let its team of certified CPAs take care of business’ accounting needs.

Our broad range of accounting solutions can be customized to the unique needs of clients and the services can be availed on weekly, monthly, quarterly and annual basis.

Compilation Financial Statement

  • Gather documentations to support account balances
  • Analyze and review the data to identify errors (if any)
  • Record adjusting journal entries for misstatements (if found any)
  • Draft financial statement reports and notes.
  • Prepare and present accurate and effective financial report

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XBRL (eXtensible Business Reporting Language) Report

  • Prepare financial statements in XBRL format and submit it to ACRA
  • Ensure effective and accurate filing report
  • Provide information on new changes/ amendments made in XBRL filing

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Bookkeeping Service

  • Entry of financial transactions
  • General Ledger Assets
  • Accounts receivable and payable
  • Bank reconciliation
  • Financial Statements preparation
  • Balance sheet
  • Cash Flow Statement
  • Financial Analysis for weekly, quarterly, monthly, annually
  • General account filing

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Setup of Accounting System

  • We provide software assistance to update accurate data in a timely and quick manner
  • Accounting software can present a true and clear picture of financial health of company
  • It enables the businesses to easily manage their accounting processes

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Professional Accounting services

  • Maintain full set of account transactions
  • Preparation of cash flow and financial statements
  • Reconciliations of bank and other accounts
  • Compilation of accounts and director’s report

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Sole Proprietorship and Partnership Accounting

  • Maintain General Ledger for sole proprietorship business
  • Keep record of basic accounting  (sole proprietorship)
  • Tax preparation of sole proprietorship
  • Preparation of profit and loss appropriation account and capital account
  • Assist in calculating of interest on drawings and capital
  • Calculation of salary or commission to partners
  • Assess the calculation of capital ratio and interest on partner’s loan to firm
  • Treatment of past adjustment
  • Calculation of guarantee of minimum profit to a partner

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Corporate Accounting

  • Responsible to maintain the integrity of the general ledger and the data input
  • Maintenance of the accounting structure
  • Reconciliation of cash deposits and bank accounts
  • Conduct in-depth analysis and reporting of financial activities

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Accounting for international businesses

  • Serve international client’s business with the effective accounting services
  • Low and competitive price is one of the USPs
  • Use cutting-edge technology to deliver excellent and timely efficient services
  • Services are easily accessible and customer oriented
  • Deliver customized services to serve unique needs of the overseas clients

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As one of the premier accounting firms in Singapore, we strongly believe in providing timely and quality services. It is the simplest way of ensuring customer satisfaction. We are consistent in our approach and in providing the right work environment which ensures teamwork and deep involvement of experts while taking care of our clients’ work. We maintain our service standards at their peak by evaluating the quality of the services rendered. Our existing clients’ trust us for our promptness, efficiency, and our standards which we maintain in-line with their expectations.

Please feel free to contact us on +65 6536 0036 or drop in an email at info@accountingservice.com.sg

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