Businesses in Singapore are legally required to keep proper records and accounts of business and financial transactions. Staying on top of your accounting duties will enable you to fulfill your compliance and financial reporting obligations with regulatory authorities such as Accounting and Corporate Regulatory Authority (ACRA) and Inland Revenue Authority of Singapore (IRAS). The preparation of accurate accounts will also help you to gain better insights into the financial health of your business.
For us, accounting is more than just bookkeeping. We bring the numbers to life so that you can understand what they mean for your business, allowing you to make better business decisions.
Whether you’re a small start-up, a fast-growing enterprise or a multinational company, here’s how you can benefit from outsourcing your accounting function:
If your company qualifies for audit exemption, we can assist you in preparing and compiling unaudited financial statements. We will ensure that your financial statements are in compliance with the Singapore Financial Reporting Standards (SFRS), the Companies Act as well as other statutory requirements. We will prepare the following statements for you:
Beyond accounting and financial reporting for compliance, we are able to produce accurate financial management reports on a monthly, quarter, half-yearly or annual basis to help you gain greater insights into the drivers of your business. By taking a deeper dive into analysing the performance of your various business segments, you can make better strategic decisions. Information in these reports can include budget and variance analysis, ratio analysis and more.
Multinational companies need to issue or report consolidated accounts for management, owners, investors or creditors to communicate the financial position of the parent company and all subsidiaries as a single entity. With our extensive experience in consolidating accounts for local and international entities of various sizes, we are able to ensure that your financial reporting will be in line with international accounting standards such as the International Financial Reporting Standards (IFRS) and local SFRS standards.