Every Singapore business
must invest in strengthening its accounting function. However, I
don't mean that they should go for an in-house accounting setup,
rather, they should outsource it to one of the experienced Accounting Companies in Singapore.
An in-house setup means that
a business needs to hire a qualified accounting professional, buy
computer hardware and the latest accounting software. It is not
possible for every startup and the small businesses. However, they
still need to do their annual filing as a part of the mandated
statutory compliance. It means they need to keep their books of
account updated. That is where accounting services come to their
rescue.
Accounting Services Singapore |
Accounting companies in
Singapore extend their support as per the needs of their clients.
They provide monthly accounting, quarterly accounting, and quarterly
bookkeeping services at the affordable prices. Moreover, the business
owner has the option of upscaling or downscaling of the services to
accommodate his increased or decreased volume of transactions.
Accounting firms, while
bookkeeping, meticulously record each of the business' financial
transactions. It not only gets their clients' books in order but also
let them know about their cash flow. They also prepare the balance
sheet, cash flow statement and other financial documents for their
clients.
The accounting firms draft
the Compilation Report or Director's Report to be presented as a part
of their customers' audited or unaudited financial statements and
annual reports. The accountants working for these services perform
all these tasks strictly according to the SFRS (Singapore Financial
Reporting Standards) which leaves no room for any errors.
Most of the accounting
services employ Certified Public Accountants (CPA) and the clients
benefit from their industry-wide experience. These firms help the
business owners in determining whether they need to opt for GST
Registration. They also take care of their quarterly GST return
filing.
The Accounting companies in
Singapore take a great burden off the back of Singapore business
owners. By taking care of their accounting needs, they set the owners
free to focus completely on the core goals of the business.
Contact us:
Contact us:
High Street Centre,
#17-02, 1 North Bridge Road,
179094 - Singapore
Phone: (65) 6536 0036
Email: info@sbsgroup.com.sg
No comments:
Post a Comment