Accounting Services

Accounting Services

Accounting / Bookkeeping

As a professional firm and as part of support services to our clients who choose to outsource their accounting functions for confidentiality and cost savings, we are able to provide full spectrum of accounting services.

We can render full set of accounts on monthly, quarterly or yearly basic, including:-

Accounting & Finance Outsourcing Services

  • Setup of proper accounting systems, accounting policies and procedures in line with local accounting and regulatory requirements
  • Perform accounting-related administrative services (e.g. sales & receipt cycle, payment cycle)
  • Bank and other account reconciliation
  • Group consolidation and preparation of annual report
  • Application for Registration / Deregistration of Goods & Services Tax (“GST”)
  • GST consultancy, computation and quarterly submission
  • Investigation of accounts
  • Review of management account for compliance purpose (compilation of company’s Financial Statements which are in compliant with relevant Financial Reporting Standards (“FRS”) required in Singapore
  • Liaising with auditors during the financial year-end, including preparation of year-end accounting schedules for audit and tax purposes
  • Assisting in the completion of in-house reporting packages for submission to head office / overseas offices

Payroll administration

  • Maintain payroll file for each employee
  • Compute & disburse salary and reimbursements
  • Provide printed or electronic pay advice
  • Process increments and bonuses
  • Process claims from National Service men (Ministry of Defence) for staff on reservist training
  • Prepare annual Form IR8A
  • Provide payroll reports for management’s review monthly / annually

Benefits of outsourcings

  • Free-up management from administrative and regulatory tasks to concentrate on key business activity
  • Reduce set up cost
  • Avoid high turnover of accounting staff
  • Financial information including payroll will be kept confidential to internal staffs
  • Better performance through use of professional service firm