Outsourced Accounting Services in Singapore
Gain the freedom to access and review your financial records whenever and wherever you need. Focus on running your business in Singapore, secure in the knowledge that your accounts and records are meticulously maintained, accurate, and up-to-date through reliable, outsourced accounting services.
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Accounting & Outsourcing
Why Choose Us As Your Accounting Company In Singapore?
Local Expertise
Professional Filings
Engaging professionals to handle filings will certainly save you time and alleviate any worries you may have.
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Essential Accounting Services
Accounting & Outsourcing Services
Many organisations in Singapore find that maintaining a professional in-house accounting team can be a time-consuming and effort-intensive task. Our outsourced accounting services address this challenge by providing you with access to our team of accomplished accounting specialists. They are dedicated to streamlining your financial management through top-tier accounting services, including meticulous bookkeeping services to ensure your records are always accurate and up-to-date.
Accounting Outsourcing Packages
Starter
- Business with one page of bank statement per month
- Free accounting software
- Preparation of monthly bank reconciliation
- Preparation of monthly management account
- Offsite service support
Standard
- Business with 2-4 pages of bank statements per month
- Free accounting software
- Preparation of monthly bank reconciliation
- Preparation of monthly management account
- Offsite service support
- Quarterly meeting with a business advisor
Premium
- Business with more than 5 pages of bank statements per month
- Free accounting software
- Preparation of monthly bank reconciliation
- Preparation of monthly management account
- Offsite service support
- Monthly meeting with a business advisor
- Accounting queries support
Payroll Outsourcing Packages
Standard
- Process monthly payroll
- Calculate employee salaries and statutory tax deductions
- Calculate salaries for new or resigned employees
- Submit Auto-Inclusion Scheme (AIS) for Employment Income to IRAS
- Prepare itemised payslips
- Prepare and submit CPF
- Prepare bank payment files
Premium
- Process monthly payroll
- Calculate employee salaries and statutory tax deductions
- Calculate salaries for new or resigned employees
- Submit Auto-Inclusion Scheme (AIS) for Employment Income to IRAS
- Prepare itemised payslips
- Prepare and submit CPF
- Prepare bank payment files
- Prepare employee reimbursement claims
Compilation Report
Preparation of Unaudited Financial Statements
- Collection and desktop review of management accounts
- Collection and desktop review of audit schedules
- Collection and desktop review of fixed assets schedules
- Preparation of unaudited financial statements in accordance with Singapore Financial Reporting Standards
Frequently Asked Questions About Outsourcing And Bookkeeping Services
What is accounting outsourcing in Singapore?
Accounting outsourcing refers to the practice of hiring an external company or corporate service provider in Singapore to handle various accounting tasks for your business. This can include bookkeeping, financial statement preparation, tax filing, payroll processing, and more.
Why should I consider outsourcing my accounting tasks?
Outsourcing accounting tasks offers several benefits, including cost savings, access to specialised expertise, improved accuracy and efficiency, scalability, and the ability to focus on core business activities. It can also help ensure compliance with Singapore’s tax regulations and financial reporting standards.
What accounting services can be outsourced?
A wide range of accounting services can be outsourced to Singapore corporate services providers, such as bookkeeping, accounts payable and receivable, financial statement preparation, income tax and corporate tax preparation and filing, payroll processing, budgeting and forecasting, cash flow management, and financial analysis.
How can outsourcing accounting services save me money?
By outsourcing your bookkeeping to Singapore Corporate Services, you can avoid the costs associated with hiring and training in-house accounting staff, providing office space and equipment, and investing in accounting software. Outsourcing also allows you to pay for services on an as-needed basis rather than maintaining a full-time accounting team.
Is outsourcing accounting services secure and confidential?
Reputable accounting outsourcing providers prioritise data security and confidentiality. They implement robust security measures in their services, such as encryption, firewalls, and restricted access to client information. Choose a trusted and experienced service provider in Singapore with a track record of maintaining data privacy.
How do I choose the right accounting outsourcing provider?
When selecting an accounting outsourcing provider for your business in Singapore, consider factors such as their experience, expertise in your industry, reputation, client testimonials, security measures, pricing structure, scalability, and the range of services they offer. Requesting references and conducting interviews can also help you make an informed decision.
Will I still have control over my financial data and decision-making?
Yes, you retain control over your financial data and decision-making even when outsourcing accounting services. The outsourcing provider assists you by providing accurate and timely financial information, but you ultimately make the decisions based on that information.
How can I transition my accounting tasks to an outsourcing provider smoothly?
To ensure a smooth transition, establish clear communication with the outsourcing provider, provide comprehensive documentation of your existing accounting processes, and collaborate closely during the transition period. Properly managing the changeover process will help minimise disruptions and maintain the integrity of your financial records.
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