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Singapore Accounting Services

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SBS Consulting is offering unprecedented accounting services Singapore to SMEs and MNCs  over a period of 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 services other than accounting such as bookkeeping, auditing and taxation services in Singapore. The Singapore Accounting services are furnished to all business sizes and segments including small and medium enterprises to big 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.

One stop solution for your Singapore Accounting needs

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

  • Singapore Accounting Software Assistance

The Singapore Financial Reporting Standard (SFRS) has notified all companies in Singapore to keep an updated book of their business’ financial records. We provide software assistance in keeping your accounting records up-to-date to present a true picture of your company’s financial health. We assist in initial set up of charts of accounts, record of supplier and customer information, opening balance and item code for inventory and currency set up. Avail our services to stay updated and complaint with the legislation of accounting in Singapore.

  • Singapore Professional Accounting Services

It is compulsory for all registered companies in Singapore to produce their business accounts services information annually to IRAS and ACRA. Our qualified accountants after compiling your accounts information will prepare reports in the format required by IRAS and ACRA and submit to the regulatory bodies. Our professional accounting services can be availed on weekly, monthly, quarterly, and annual basis. You can contact us to know more about our accounting business services.

  •  Recording Full Set of Account Transactions

We undertake professional responsibility to maintain your accounts by providing complete accounting business services. Our accounts services consist of but not limited to maintaining your financial statements such as:

  • 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

We provide assistance in preparing statement reports of cash earned and spent during a specific time period. We also help in your cash flow budgeting. The estimation is done on a monthly, quarterly or yearly basis. Our services on accounting Singapore are extended to financial planning and forecasting the growth of you company. We have the expertise on accounting services for business that you can count on.

  • Singapore Group Consolidation

We assist in preparing your business annual reports in compliance with the financial reporting standards of accounting in Singapore. We also assist in preparing group financial statements of your business. Our small business accounting services are regarded as best in the industry.

  • Singapore Bank and Other Accounts Reconciliation

We offer bank and other accounts reconciliations services. We also assist in preparing audit schedules where in we examine statements, data performances, operations, and records independently and in a systematic order.

  • Accounts Payable (AP)

We perform processing & administration duties such as preparing payment vouchers, provision of checks signatory, and banking on checks and filing of the same.

  • Financial Statements Preparation

We assist sole-proprietors, partnerships, SMEs, management corporations, MNCs, enterprises, and individual entrepreneurs to prepare financial statements.

  • Directors Report /Compilation Report Preparation

We assist in compiling director’s report in accordance with the financial reporting standards of Accounting in Singapore.

  • Compilation of Accounts

We assist in compiling accounts book for strike offs, tax clearance, and dissolution purposes.

  • XBRL Statement Preparation

We prepare financial statements in XBRL format to be submitted to ACRA.

Along with the above mentioned small business accounting services, we also assist in maintaining Fixed Assets Ledger, preparing & processing control General Account Filing, and managing reports.

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.

Contact us to discuss your small business accounting service needs with us. We will be your Singapore Accounting professional partners in tabulating your financial balance sheet.

Today’s dynamic and competitive business environment demand accurate and time-bound financial information records.

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