Cost Savings: Outsourcing accounting allows businesses to avoid the costs associated with hiring and training full-time employees. Outsourcing firms typically charge lower fees than in-house employees, and they also provide additional savings on expenses such as healthcare benefits, payroll taxes, and office space.
Focus on Core Business Activities: Outsourcing accounting allows businesses to focus on their core competencies and activities. By delegating accounting tasks to professionals, business owners and managers can concentrate on growing their business and increasing revenues.
Access to Expertise: Outsourcing accounting provides businesses with access to accounting expertise that they may not have in-house. Outsourcing firms typically employ highly qualified professionals who are knowledgeable in various accounting areas, such as tax compliance, financial analysis, and bookkeeping.
Scalability: Outsourcing accounting allows businesses to scale their accounting needs up or down as needed. Whether a business is experiencing rapid growth or a slow period, outsourcing firms can adjust their services to meet the changing demands of the business.
Improved Efficiency: Outsourcing accounting can improve a business’s efficiency by reducing the time it takes to complete accounting tasks. Outsourcing firms use the latest technology and accounting software to streamline processes and increase accuracy.
Reduced Risk of Errors and Fraud: Outsourcing accounting to professionals can reduce the risk of errors and fraud. Accounting professionals are trained to identify potential errors and fraudulent activities, and they have controls in place to prevent such incidents.
Overall, outsourcing accounting can provide significant benefits for businesses, including cost savings, improved efficiency, access to expertise, and reduced risk of errors and fraud.
We Offer Popular Plans for Small CompanyMedium CompanyLarge CompanyAccountantsCorporate SecretoryBusiness
Here’s a comparison table for bookkeeping charges for small, medium, and large companies in Singapore:
Bookkeeping Services | Small Company | Medium Company | Large Company |
---|---|---|---|
Monthly Bookkeeping | From S$50 per month | From S$200 per month | From S$500 per month |
Quarterly GST filing | From S$50 per quarter | From S$100 per quarter | From S$250 per quarter |
Annual Financial Stmt | From S$200 | From S$300 | From S$1,000 |
It’s important to note that these charges are indicative and can vary depending on the specific needs of the business and the services. Additionally, for bookkeeping services, we may offer customized packages that cater to the specific needs and budget of your business.
Our expert accounting person will dedicated to you for smooth accounting and financial reporitng
You can file correct GST and Income Tax as your accounting always up to date with us.
You can make best decision and improve your cash flow when you have up to date accounts with you.
Please call us or drop a e-mail us or [email protected].
There are several different types of accounting services that are offered by us.
Here are some of the most common types of accounting services:
Bookkeeping: Bookkeeping involves recording financial transactions such as income, expenses, and payroll. It is the foundation of accounting and is necessary for accurate financial reporting.
Tax preparation: Tax preparation involves preparing and filing tax returns for individuals or businesses. This can include income tax returns, GST tax returns, and payroll returns.
Audit Assistance: Auditing involves reviewing financial records to ensure accuracy and compliance with laws and regulations. This is often required for companies and is conducted by independent auditors. We can help a company prepare for the audit process by organizing financial records, preparing documentation, and addressing potential issues before they arise.
Financial statement preparation: Financial statement preparation involves preparing financial statements such as balance sheets, income statements, and cash flow statements. These statements provide an overview of a company's financial performance.
Management accounting: Management accounting involves analyzing financial data to provide insights to managers for decision-making purposes. This can include budgeting, forecasting, and performance analysis.
Consulting: Accounting firms may offer consulting services to help businesses improve their financial performance. This can include strategic planning, process improvement, and risk management.
International accounting: International accounting involves dealing with the unique challenges of accounting in a global business environment, including compliance with international accounting standards and managing foreign currency transactions.
Selecting the best accounting software for your company is an important decision that requires careful consideration. Here are some steps to help you make the right choice:
Identify your company's accounting needs: Start by identifying what your company needs from an accounting software. Make a list of the features and functionality you require.
Determine your budget: Consider how much you can afford to spend on accounting software. Be realistic about your budget, as there are many different options available with varying price points.
Research available options: Do your research and identify different accounting software options available on the market. Read reviews, compare features, and pricing plans.
Consider scalability: Consider how the software can scale with your business. You want to choose software that can grow with your business and handle increased volume.
Ease of use: Consider how user-friendly the software is. Is it easy to navigate and use? Will you need to train your staff on how to use it?
Integration with other systems: Determine how well the software integrates with other systems, such as your CRM, inventory management, or ecommerce platform.
Security and data backup: Consider how secure the software is and how it handles data backups. You want to make sure that your financial data is secure and can be restored if needed.
Customer support: Look for software with good customer support options, such as online chat, email, or phone support.
By taking these steps, you can select an accounting software that fits your company's needs and budget, is easy to use, scalable, secure, and integrates well with other systems.