Every business, whether big or small, has its own unique needs – which is why we offer customised accounting and bookkeeping services in Singapore, designed to meet your specific requirements.
Accounting services for small businesses in Singapore are often in need of a reliable outsourced accounting firm that specialises in SME accounting services. However, the financial side of the business can seem daunting and sensitive, with concerns around audits, accounting, bookkeeping, and perceived high accounting service fees.
Our premium services are designed to address these worries, allowing business leaders to focus on other critical aspects of their operations. Our bookkeeping services take care of the financial side, so you don’t have to worry about stretching yourself too thin or missing out on important details. Simply outsource your accounting needs to us and relax knowing that we’ve got you covered.
Our accounting and bookkeeping services include:
- Filing Taxes
Tax filing involves preparing and submitting tax returns to the relevant authorities to ensure compliance with tax laws. - Analysing and Reviewing Growth Rates
Analysing and reviewing financial growth rates helps businesses to track their performance over time and identify areas for improvement. - Preparation of financial statements
The preparation of financial statements is critical for small businesses to provide accurate information about their financial performance and make informed decisions. - Bank reconciliation
Bank reconciliation is the process of matching a company’s bank statements with its financial records to ensure accuracy and consistency. - Payroll management
Payroll services include processing employee salaries and benefits, calculating taxes, and ensuring compliance with labour laws. - Budgeting and financial management
Budgeting and financial management help businesses plan their financial future and make informed decisions by forecasting upcoming income and expenses, and monitoring the performance of a business against the budget. - Tracking expenses and monitoring cash flow
Expense tracking and cash flow monitoring involves recording and monitoring all business expenses to ensure that the business has enough cash on hand to meet its obligations and avoid financial difficulties.
Accounting Services for Small Businesses (SMEs) in Singapore
Small businesses often do not have the resources to hire a full-time accountant, making outsourcing to a professional accounting firm a cost-effective solution. Our accounting firm provides a range of services to offer small businesses peace of mind and help them stay financially stable.
Running a business involves more than just managing daily operations and sales – it also requires proper tax management to avoid any issues. We understand doing taxes can be a momentous undertaking and eats up the much-needed manpower from other departments; this is one of the more significant reasons why we provide SME accounting services for small businesses.
Bookkeeping can mean success for your small business when done right and with integrity. You can track expenses and profit, see official transactions, and watch your company grow and expand exponentially when you do it with us. Bookkeeping is a crucial aspect of accounting and helps track expenses, profits, and official transactions. Our bookkeeping services include:
- Profit and loss accounts
- company inventories
- sales invoices
- cash payment vouchers
- cash books
In addition, accounting goes beyond bookkeeping and includes tracking company expenditures and profits to ensure your business is profitable enough to stay afloat in the ever-changing market. With our expertise in accounting, we provide the complete package to help you run your business successfully.
For the best accounting firm in Singapore, look no further than Express Corporate Services. Our reliable and steadfast services are designed to help you run your business efficiently and achieve your goals. At Express Corporate Services Singapore, we want to help you focus on your company’s other aspects and still be on top of your accounting and bookkeeping responsibilities. World-class SME accounting and bookkeeping services await you at reasonable fees. So, what are you waiting for? Outsource your accounting and bookkeeping needs by contacting us today!
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FAQ
1 What is the difference between accounting and bookkeeping?
Here are the key differences between accounting and bookkeeping services:
Accounting and bookkeeping are related but distinct practices. Bookkeeping is the process of recording financial transactions, such as sales and purchases. A bookkeeper is responsible for keeping and collating records of all financial transactions and making financial statements, i.e. income statements and balance sheets.
On the other hand, accounting is the process of interpreting, classifying, and summarising financial data from bookkeeping records to provide information useful for decision-making and creating financial reports, such as balance sheets and income statements. An accountant needs to be equipped with the necessary expertise and knowledge to provide well-informed financial advice. They are also required to be intricately familiar with your company’s fiscal situation.
2 Is it safe to let an external business see my financial accounts?
Credibility is an incredibly important aspect when building trust. Service providers like Express Corporate Services have a long and well-documented history of providing corporate services in Singapore. They have the knowledge, means, and technology needed to store your data securely. It is also much easier to trust external service providers with as many satisfied clients under their belt as Express Corporate Services has.
3 Why is corporate accounting important?
Businesses must take their financial and operational capabilities seriously to stay afloat. Management account reports help business owners stay updated regarding the efficacy of the company’s operations.
Financial accounting reports tell you, investors, government regulators, and other stakeholders how the business is doing financially.
Through corporate accounting, you can analyse and interpret financial outcomes and take the appropriate steps to optimise your business – worth the accounting service fees in Singapore.
4 What are the benefits of outsourcing accounting and bookkeeping services?
Outsourcing accounting and bookkeeping services save businesses time, money, and resources that can be better used in other areas. It also provides access to expertise and technology that businesses may not have in-house. To formulate precise accounting statements, it’s vital that you keep abreast with accounting laws. This takes more time and effort than you may have. Outsourcing accounting services for small businesses in Singapore is more beneficial for your company in the long-run. Express Corporate Services is an accounting firm in Singapore that will keep you updated regarding changes in regulations, ensure your reports are perfect and give you relevant business advice.
5 How do I choose the right outsourced accounting firm in Singapore?
Choosing the right accounting firm in Singapore can be a daunting task, but here are a few factors to consider:
- Experience and Reputation
Look for a firm that has a proven track record and a good reputation in the industry. Research the firm's background, read client reviews and check their references. - Services Offered
Determine your accounting and bookkeeping needs and ensure that the firm can meet those requirements. A good firm should offer a wide range of services, including financial statement preparation, payroll services, tax filing, and more. - Cost
Compare the costs of different firms to ensure you're getting the best value for your money. Keep in mind that the cheapest option may not always be the best, so be mindful of the services you're getting for the cost. - Professionalism
Choose a firm that demonstrates professionalism in its dealings with clients. This includes good communication skills, timely responses, and a commitment to accuracy and confidentiality. - Personalised Services
An accounting firm that provides personalised services tailored to your specific needs can help ensure your financial records are accurate and up-to-date. Look for a firm that can provide personalised solutions to meet your unique requirements.
By considering these factors, you can choose the right accounting firm in Singapore to help you run your business effectively and efficiently.