Outsourced Accounting & Bookkeeping Services in Singapore
Gain the freedom to access and review your financial records anytime. Focus on growing your business while our bookkeeping services in Singapore ensure your accounts are accurate, up-to-date, and meticulously maintained through reliable outsourced accounting services.
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Accounting & Outsourcing
Why Choose Us As Your Accounting Company In Singapore?
Local Expertise
Our professionals provide market-specific advice and expert support in bookkeeping and accounting services in Singapore, ensuring compliance and financial accuracy at the highest standards.
Professional Filings
Save time and eliminate stress with expert accounting services in Singapore. Our professionals handle your financial filings with precision, ensuring compliance and accuracy.
Instant Access
Stay in control with instant access to your financial reports. Our outsourced accounting services in Singapore ensure seamless oversight of your business’s financial health anytime, anywhere
Essential Accounting Services
Outsourced Bookkeeping & Accounting Services
Many businesses in Singapore find maintaining an in-house accounting team challenging. Our outsourced accounting services provide access to skilled professionals dedicated to streamlining your financial management. With expert bookkeeping services in Singapore, we ensure your records are accurate, up-to-date, and fully compliant.
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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