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Outsource Accounting Services Singapore

Accountingservice.com.sg is your portal for complete accounting solutions for your business’ needs. We assist small Singaporean businesses in discharging their statuary compliance.

We assist them with completing monthly, quarterly, half-yearly, & yearly accounting tasks on time. We employ state-of-the-art accounting software & practices that confirm with the Singapore Financial Reporting Standards.

 

Accounting Services for Small Business in Singapore

Though accounting is a non-core task for the companies in Singapore, they have to be prompt with the updation of their books. The law demands it. However, they benefit from it as the latest financial records give them vital information about the financial status of their business.

We digitise their data about financial transactions. It is useful in generating financial statements & reports. The well-structured documents like Ageing Reports enable them in taking precise decisions to regulate cash flow.

As per the Company Law, Singapore companies need to convey their Annual General Meeting (AGM). We generate the necessary financial documents that they need to table in the AGM to inform the shareholders about the finances. These reports are useful for planning the future course of the company.

We assist Singapore companies in their annual return filing. In addition to the various financial statements & reports, we prepare the Directors’ Report, GST Report, & convert accounting data to XBRL format.

We also assist Singaporean companies in their Auditing. Their financial data, digitised during the bookkeeping & accounting of the books, make the auditing report accurate.

 

Our Accounting Services to SME in Singapore

In Singapore, business owners tend to outsource their non-core tasks. Reliable & cheap accounting services save them time & resources. Most importantly, they get the chance to stay focused on their core goals; customer satisfaction & business growth. Here is a list of our accounting services:

  • Setting up of Account code system
  • Recording of Account Transactions Recording (including Journal Entry)
  • Monthly, quarterly, half-yearly, & yearly accounting
  • Accounts Payable
  • Accounts Receivables
  • Bank Reconciliation
  • Monthly, quarterly, half-yearly & yearly Reporting
  • Profit & Loss Account (Statement of Comprehensive Income & Other Comprehensive Income)
  • Balance Sheet (Statement of Financial Position)
  • Statement of Changes in Equity
  • Statement of Cash Flow
  • Preparation of Directors Report /Compilation Report
  • Accounts Payable Ageing
  • Accounts Receivable Ageing
  • Journal
  • General Ledger
  • Variance analysis (Monthly & Quarterly)
  • GST accounting
  • GST Returns (Monthly & Quarterly)
  • Multi-currency Accounting
  • Management Reports
  • Income Tax Computation & Filing
  • XBRL preparation & filing

 

Benefits of Appointing Accounting Services in Singapore

Is it the right decision for a Singaporean small business to outsource to an experienced accounting & bookkeeping services?

Yes!

Accounting is a non-core task for them. Doing it in-house means coordinating efforts and filing within due dates. It can shift the metal focus of staff from core tasks to non-core ones. Your small business may not be able to afford it.

Economise on the Costs

Appointing a third party for your business’ accounting means paying their fees. However, they come way cheaper than the cost of establishing an in-house setup. You save on costs of hardware, accounting software, premium office space, salaries for the accountants and contributions to Central Provident Fund.

 

Time to Grow Your Business

Experts employed by the accounting services are well aware of the latest changes in the rules related to their field. You can rely on the accuracy of their output.

Use the time gained in planning, improving strategies, canvassing new customers, and for knowing what your competitors are up to. In short, you can spend your time growing your business.

 

Let Go of Stress

Investing in in-house accounting means you have to spend time acquiring and maintaining human resources. However, outsourcing the task gets your work done off-site. You get ready-made financial reports and statements. You do not have to tackle any performance issues and human errors. It means less mental turbulence and stress for you.

 

Reliable Certified Professional Accountants (CPAs)

The CPAs working for the Singapore Accounting services are always busy in serving their clients. During the process, they acquire industry-wide knowledge. You get to leverage it when you outsource your business’ accounting to them. You can rely on them for knowing about the straightforward ways of ensuring your compliance.

 

Choosing Accountingservice.com.sg

As the director of a small and medium enterprise in Singapore, you have every right to worry about its compliance. After all, ACRA holds you responsible for the timeliness and accuracy of your company’s filings.

It is easy to switch to our monthly accounting services, especially when you are not satisfied with the output of your present provider. Fill the form at the bottom of this page, call us at +65 6536 0036 or email us at info@accountingservice.com.sg your accounting needs.