Why use an Accounting | Bookkeeping Service in Singapore?
The Singapore Companies Act requires all companies in Singapore to maintain proper internal accounting records. In addition, companies must prepare and submit true and fair financial statements to comply with regulatory requirements. As the maintenance of these books requires dedicated effort, many companies engage Accounting | Bookkeeping Services from firm like ours. This engagement extends to
- Financial Statements Compilation,
- Corporate Taxation Services,
As business decisions are often based on financial information, the financial statements and records must be reliable, timely and satisfactorily explain the transactions and financial position of the company. These are readily achieved through our Accounting | Bookkeeping Services.
Every company in Singapore is responsible for maintaining its reputation as a trusted business. In relation to this, all firms are required to maintain proper bookkeeping and accounting records. Maintaining good books will in turn help companies fulfil the compliance requirements stipulated by regulatory authorities ACRA and IRAS.
With our professional accounting team, we will help to ensure that your company accounts are properly maintained so you can free up your time and resources to focus on growing your business.
Why Outsource To Us?
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Assist companies in completing certain reporting requirements under existing rules and regulations of regulatory bodies such as the XBRL report filing to ACRA and Statistics Singapore.
XBRL filing can be a time-consuming and daunting process for many companies. Our team can assist you with the preparation of financial statements in XBRL format proficiently and cost-effectively.
Financial Statements Services
Singapore private limited companies which enjoy audit exemptions are still required to prepare the “Financial Reports” in line with the Singapore Financial Reporting Standards (FRSs) and Companies Act.
RMS provide compilation of accounts by preparing unaudited financial statements that are representations of the management.
The unaudited financial statements or compilation report is to be tabled during AGM, Annual Return Filing with ACRA and income tax filing with IRAS.
Auditing of Report is only required if the Company satisfies any 2 of the following 3 criteria within the financial year.
- More than 50 employees
- Assets more than $10 million
- Annual revenue more than $10 Million