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Singapore Payroll Services

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SBS Consulting provides exhaustive payroll services in Singapore. We are the ideal partner for varied company sizes to answer their HR needs. We extend our support to organizations with full range of scalable payroll services Singapore. We accurately and efficiently manage the HR related works of your company’s entire work force. For past several years, we are dedicatedly and successfully imparting consultation and support to our clients in payroll Singapore. We assist in processing payment instructions, generating salaries and statutory reports, filing bank payments, and generating electronic pay slips for your employees to view online. Find out more in Our Payroll Services section.

Partnering with SBS Consulting for Singapore payroll processing proves beneficial to you in several ways.

  • You get correctly done precise salary calculations
  • Your payroll processing is in compliance with government rules
  • You are not required to invest in hefty software
  • You are not required to recruit a dedicated in-house department
  • You are in peace of mind by simply outsourcing the entire process to a specialized Singapore payroll services provider

When you engage SBS Consulting for your company’s Singapore payroll service, an accounts manager will be assigned to your company, who will closely work with you in addressing your needs and interpreting you the latest policies and practices.

Our Payroll Services

Payroll Processing

We will process your Singapore payroll by accurately calculating salaries of your staff on a monthly or weekly basis. The entire process includes salary credits, production of pay-slips and credits into CPF / MPF accounts of your employees.

  • Disbursement of correct salary to the employee via online transfer, cash or cheque
  • Ensure compliance to the laws pertaining to CPF, SDL and other statutory donations
  • Ensure timely submission of CPF and other legal payroll Singapore related documents

Tracking Salary Increments

We will update the information related to salary increments of your employees. We will also adjust the differences occurred due to salary increase.

  • Timely updation of tedious and time-consuming salary variation data
  • Ability to edit the payroll data quickly as per the changes in the salary of the employees
  • Exhaustive Singapore payroll data back-up ensures peace of mind

Allowances and Deductions Management

We will maintain and manage allowances, deductions, arrears, savings, and loans for your employees.

  • Calculation of correct salary, after including all the allowances and deductions
  • Computing the salary for new joiners and resigned employees based upon the number of working days registered by them
  • Singapore payroll service takes away the laborious task of data gathering and computing

Employee Information Tracking and Maintenance

We will assist in tracking and maintaining data and movements of your employees.

  • Ciphering exact amount of salary to be disbursed,when the employee has moved to other location, locally or internationally

Calculating Variables

We will help in calculating monthly overtime, shift hours and commissions payable to your employees.

  • Payroll services in Singapore helps to gather precise variables and calculation of accurate salary
  • Adjustments made to the tax deductions based on the investments done by the employee
  • Provision for including maternity, sabbatical, annual and balance leave calculations

Reports Preparation

We prepare customized reports for general ledger maintenance. We also assist in preparing monthly payroll reports and Central Provident Fund (CPF) reports.

We also perform special bonus runs and prepare tax forms, wherever applicable, for IRAS submission.

  • Our Singapore payroll services ensure that the reports are generated and submitted on time
  • Changes made to the report in case of changes in the employee’s dossier

Benefits of Payroll Services

  • One major benefit of outsourcing payroll function to a third-party firm is that, the resources are freed up, which eventually can be utilized for enhancing the core competencies of the organization.
  • It takes the routine humdrum tasks like data-entry and compilation, off the shoulders of a company.
  • Data will always remain in back-ups files, which buys you peace of mind, since you do not have to worry about loss of data.
  • You get compiled detailed reports of the payroll, which can be used for managerial discussions and other decision-making purposes.

SBS consulting is widely acclaimed for offering topnotch payroll services in Singapore. The firm will take care of all payroll needs from start to finish and beyond. Talk to us to discuss your requirements. We will provide you expert services in compliance with the rules and regulations of Singapore government. Call us: +65 6728 9142 or Email us: info@sbsgroup.com.sg to schedule an appointment.

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