Every business establishment including sole proprietorship, partnership and private limited company is required to maintain proper accounts (i.e balance sheet as well as profit and loss account) for reporting and statutory equirements (i.e to keep proper recording and filing of accounts for 5 years).
- Accounting software
- Accounting software maintenance costs
- Computer facilities
- Full time staff salary, CPF and staff benefits
- Management time
You can focus on your core competency and no longer need to worry about keeping yourself up-to-date with the latest reporting regulations and new requirements from Singapore. Our professional and experienced team is committed to providing you with the quality services. For example, we can provide the notes in the financial report to explain the new accounting standard and accounting policy adopted by your company. Such report will be beneficial to your company and increase the credibility of your company image to the government authority.
- Group consolidation and preparation of annual report
- Bank and other account reconciliation and audit schedules
- Application for Registration / Deregistration of Goods & Services Tax (GST)
- Conducting GST Assisted Self-Help Kit (ASK) annual review
- GST consultancy, computation and submission
- Investigation of accounts
- Review of management account for compliance purpose
- Benefits of outsourcings
- Free-up management from administrative and regulatory tasks to concentrate on key business activity
- Reduce set up cost
- Avoid high turnover of accounting staff
- Financial information including payroll will be kept confidential to internal staffs
- Better performance through use of professional service firm
The following is the estimated charges for our accounting services for your reference. The exact charges will be quoted after we assess your company’s business:
- $200 to $500 per year: to prepare GST calculation and to fill-up GST F5
- $100 to $200 per month: per month’s transactions for low volume
- $300 to $500 per month: per month’s transactions for medium volume
- $600 to $800 per month: per month’s transactions for high volume
- $900 to $1,500 per month: per month’s transactions for very high volume
