Accounting & Advisory
Good accounting practices is vital to ensure that the company is performing at its optimal standards, while helping to improve the productiveness of your business and employees. It is also to meet the changes in regulatory requirements and ensure that the company is kept abreast of the latest changes and conform to the appropriate standards. In addition to this, there is greater emphasis placed upon the company’s management to spend more time on critical business processes to improve and enhance the business values.
By engaging our accounting services, you can be assured that business documents are well developed and organised. We would also be able to provide you with detailed reports and analysis to accurately advise you on issues such as your monthly profit and loss accounts, cash flow, and balance sheets. These analysis would then provide valuable insights to identify areas to improve on and enhance the overall business productivity.
We take pride in tackling all our business situations with our vast technical knowledge and past practical experiences so that we can provide the best advice to our clients even in their most complex situations.
FAQs
You can initially outsource the company accounts to a 3rd party service provider.
Once the organisation is grown to a certain level, then you can appoint an in-house accountant. This is purely dependent on the decision of the business owner
• Sales / Debtors Receivable reports
• Purchases / Creditors Payable reports
• Expenses report
• Cash flow report
• Financial statements (Balance Sheets & Profit and Loss a/c)
Every business must maintain proper books of accounts and records. IRAS may request for proof of documents, receipts, payments, Ledger copies etc., anytime within 5 years for Audit purpose. Every business must keep records for 5 years.
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