Accounting & Payroll

Are you looking for accounting services for your small business in Singapore? Get in touch with us now!


accounting services in Singapore


Why do you need to hire an accountant?

Many small and medium-sized businesses stagnate or even fail because too often the owner loses a grip on the company’s financial position. In our course of work, we regularly meet entrepreneurs who were flying blind without even bothering to know how well or how bad is their business performing. They tend to become complacent, sit back, and relax if the business is doing well or doing something wrong without even realizing it.


Therefore, it is extremely important for you, as the business owner, to certainly have an understanding of the big picture. This is where financial statements can play a crucial role.


Thus, the basic reports that can help you in understanding your financial position are Income Statements, Balance Sheets, and Cash Flow statements. We will help you to generate these reports on a regular basis, which helps to determine your firm’s profitability, financial position, and cash flow position at any point in time.


Here comes the role of an accountant or an accounting firm in Singapore!


An accounting firm can help you to maintain necessary reports like income statements, cash flow, balance sheets, etc. This, in turn, will enable you to run your business efficiently. Your accountant can also offer other services, such as auditing and tax preparation. You can rely on the firm to provide accurate and up-to-date information that will help you make informed decisions about your business.


Financial statements can be prepared for your business for any given length of time or at any point in time. At the very least, it is required to be prepared at the company’s financial year end for regulatory submission purposes such as income tax filing. 

 

The following are some of important the important benefits of regular preparation of financial statements: