Singapore Accounting Services
If you need help with accounting in Singapore, turn to SBS Consulting. Our team will ensure that they provide you with simple, straightforward, and topnotch Singapore accounting service. We incorporate the latest software, most recent updates, and the best practices of the world of accounting Singapore. Though we prefer to do business with MNCs and SMEs alike, we like to assist SMEs with our small business accounting service.
SBS Consulting is offering unprecedented accounting services Singapore to SMEs and MNCs since a very long time. We specifically concentrate on basic to multifold requirements of accounting services for business Singapore, in compliance with the rules and regulations laid by – IRAS and ACRA. SBS Consulting is predominantly rendering business services such as bookkeeping, auditing, Singapore accounting. The Singapore Accounting services are furnished to all business sizes and segments, including, small and medium enterprises to big, national and international corporations.
Keeping in view the requirement of small business, accounting services for small business of SBS have been designed for the small and medium enterprises, so that they could reap maximum benefit from it. Outsourcing your accounting Singapore needs to SBS Consulting will give you the freedom to focus on the core functions of your business. Following is a brief overview of the Singapore accounting services we provide. Accounting Singapore is gaining popularity with the growing demand for incorporation in the country.
Our Accounting Services
Singapore Accounting Software Assistance
All companies in Singapore are required to keep an updated book of the financial records of their company, on the lines of SFRS (Singapore Financial Reporting Standards). In this regards, it is beneficial for the company to setup a software-driven account keeping system, rather than maintaining manual books. When it comes to Singapore accounting software assistance, you can get in touch with us. You will get an experience that is the best in the field of accounting.
- Singapore Accounting software provides a clear picture of your company’s financial health
- Assistance in setup of charts of accounts, record of supplier and customer information, opening balance, item code for inventory and currency set up
- Software helps you stay updated and complaint with the legislation of accounting in Singapore
Singapore Professional Accounting Services
All registered companies in Singapore are required to produce their update books of business accounts, annually to IRAS and ACRA. This is a rather difficult task to achieve with help of an in-house accountant. In addition, such non-core tasks take up a lot of time and resources of an organization. Therefore, ‘accounting outsourcing’, has become a boon for them. It saves the company time, money and many other resources, which can be utilized for some higher-value activities.
- Qualified accountants generate statements in the format required by IRAS and ACRA
- Accounting services can be availed on weekly, monthly, quarterly, and annual basis
- Compilation and timely submission of statements to the governing bodies
Recording Full Set of Account Transactions
We undertake professional responsibility to maintain your accounts by providing complete accounting business services. As a part of our accounts services, the financial statements maintained by us include:
- Profit and loss accounts
- Balance sheet
- Bank reconciliations
- Comparison with last month’s/year’s accounts with explanation
- Trade debtors listing
- Trade creditors listing
- Maintaining general ledger
- Journal listing
- Detailed schedule for various balance sheets and profit and loss items
Preparation of Cash-flow Statements
Our services in accounting Singapore also extend towards financial planning, and forecasting the growth of your company. Our team of professional accountants is highly experienced, and competent enough to provide you the best in class services. We have the much sought after expertise in small business accounting service that you can blindly count on.
- Preparation of statements related to cash earned and spent during a specific period
- Assistance in cash flow budgeting
- Cash estimation on monthly, quarterly, and yearly basis
Singapore Group Consolidation
- Preparation of business annual report, in compliance with the Singapore financial reporting standards (SFRS) of accounting in Singapore
- Preparation of group financial statements of your business’s accounting in Singapore
- Appraisal of financial statements is also provided as a part of accounting business services
Singapore Bank and Other Accounts Reconciliation
- Exhaustive bank and other account reconciliation services
- Preparation of audit schedules
- Examination of statements, data performances, operations, and records independently and in a systematic order
- Feedback provided to the management as a part of accounting for small business services
Accounts Payable (AP)
- Preparation of payment vouchers as a part of a company’s accounting Singapore
- Provision of checks signatory and banking on checks and filing of the same
Financial Statements Preparation
- Sole-proprietors, partnerships, SMEs, management corporations, MNCs, enterprises, and individual entrepreneurs can avail our accounting business services, for preparing financial statements
- All EPCs (exempt private companies) can hire us for a review. We will ensure that the accounting for small business services provided is first-rate.
Directors Report /Compilation Report Preparation
- Assistance in compiling director’s report comes as a stand-in accounting service for small business
- Preparation of the report in accordance with the financial reporting standards of accounting in Singapore
Compilation of Accounts
- Our accounting Singapore services includes compiling of account statements for strike offs, tax clearance, and dissolution purposes
XBRL Statement Preparation
We prepare financial statements in XBRL format to be submitted to ACRA.
- Prepare of financial statements in XBRL format for submission to ACRA.
- Maintenance of fixed assets ledger
- Preparation & processing of general account filing
- Managing XBRL statements
When SBS Consulting is engaged by you for accounting services Singapore, you shall be looking forward to
- Allotment of an accounts manager who will be responsible to work with you on a one-to-one basis for your small business accounting needs.
- The personal accounts manager will be responsible for reviewing and organizing the information provided by you for accounts ledger creation and maintenance. Your role will be confined to make us available the financial documents such as sales orders, purchase orders, and bank statements on a periodical basis.
- In accordance with the Financial Reporting Standards (FRS), the accounts manager will also help in drafting financial statements for statutory submissions. We will tabulate complete financial data in a flaw-less report and we also provide accounting services for small business.
- Hiring our services to manage their books of account, bring relief for the small business owners. It relieves them from having to brush up their knowledge of accounting principles, which most of them lacks in and it also saves valuable time.
Contact us to discuss your small business accounting service needs with us. We will be your professional partners for accounting in Singapore. Our team of accountants would ensure that the services provided are simple, customized, and best in class. All the activities related to accounting Singapore are compliant with the regulatory framework of the governing bodies.