Stop DIY, Hire Accounting Services Singapore at Affordable Price

03/21/2018

See, what happens to the owners and their friends who insist on doing business' accounting on DIY basis instead of appointing a reliable accounting services Singapore for it.

"Come on Bro! It cannot be better than what it is now.

"Count of 1-2-3 & hit the button and, we will be rid of your company's annual filing for this year.

"Yes, done accurately and filed within deadline as per the ACRA's wishes."

"And do me a favor," "Pick up that phone as promised and order some food. My stomach is growling and Bro, they are some scary noises."

"What? It is 3:07 AM in the morning."

"So, what! Let's have late supper."

"Man, it is too late for that."

"Don't give me bullshit. Let's have early breakfast. I'm dying for food."

"Man, it is too early for that."

Hire Accounting & Bookkeeping Services Singapore & be Compliant

If you move in certain circles and keep your ears open, you must hear such dialogs or anecdotes based on similar lines. It is the same all over the world. The small business owners have to bear the brunt of administrative work or shell out the prices charged by the accounting services in Singapore to get it done.

However, the money spent on a provider of an accounting and bookkeeping services Singapore like SBS Consulting Pte Ltd is not an expense down the drain. The ACRA expects every business to regularly update its books of accounts. It is a statutory requirement. However, the task is more meaningful than that as it also reveals the financial standing of the business.

Accounting Services Rendered by SBS Consulting

  • Singapore Accounting Software Assistance
  • Singapore Professional Accounting Service
  • Recording Full Set of Account Transactions
  • Preparation of Cash flow Statements
  • Singapore Group Consolidation
  • Singapore Bank and Other Accounts Reconciliation
  • Accounts Payable (AP)
  • Financial Statements Preparation
  • Directors Report /Compilation Report Preparation
  • Compilation of Accounts
  • XBRL Statement Preparation

Do your Books by SFRS

The accounting services Singapore employs experts who can read the financial data of the business and understand the cash flow of your business. They help you in improving it by pinpointing the unnecessary expenses. They are well-versed in Singapore Financial Reporting Standards (SFRS) and SFRS for small entities. They do your books keeping in mind your business needs. They use single or double-entry principles to do it.

Monthly or Quarterly Bookkeeping or Accounting

The experts employed by the outsourced accounting services Singapore are used to provide monthly or quarterly bookkeeping services and monthly accounting or quarterly accounting services. Most importantly, they know that their clients' businesses experience periodical changes in demands. They know how to adjust their services to accommodate the rise and fall in demand for clients' products or services.

Singapore Unaudited Financial Statements

When it is time for the annual filing, they prepare various financial reports like balance sheet, profit and loss statement, compilation report/ Director's report, etc. When they prepare Singapore unaudited financial statements for your business, you get timely and accurately prepared documents as listed below.

  • Cash Flow Statements
  • Statement of Balance Sheet
  • Director's Report
  • Income Statements
  • Statements of Changes in Equity
  • Notes to the Financial Statements

GST Registration and Filing

As per ACRA's mandate, the business owners are responsible for ascertaining whether their business is due for the GST registration. The accounting and bookkeeping services in Singapore assists them with the task. They also shoulder the responsibility of quarterly GST return filing, leaving you to focus on your business goals. It is a great relief as the filing of taxes is a non-core task for your business. It generates no revenue or profit from it.

Before hiring an accounting services Singapore, get to know how reliable it is. Moreover, choose a services provider for the quality and not for their low-priced services. Of course, it does not mean that you will not get quality from the cheap outsourced accounting services in Singapore. However, they must be experienced and conscientious enough to secure your statutory compliance. If it is needed, discuss your business needs with their representative and make sure there are no hidden costs.

Contact us:
SBS Consulting Pte Ltd
Visit: https://www.sbsgroup.com.sg
High Street Center,
#17-02, 1 North Bridge Road,
179094 - Singapore
Phone: +65-6536 0036
Email: info@sbsgroup.com.sg