If you deprive yourself of outsourcing and your competitors do not, you're putting yourself out of business.
(65) 6721 9390
Accounting Services – EnterpriseBizpal.com
We specialize in providing a range of affordable accounting services to help start-ups, small and medium sized Singapore companies/businesses.
We know that the daily operations of a business can keep you fully occupied with work. In addition, the seemingly endless amount of numbers to analyse, bookkeeping to balance and bank statements to reconcile.
Why not adopt what Multi National Companies (MNC) have been doing for years – outsourcing?
You can cut back on a large chunk of your workload by outsourcing your accounting function to a professional firm.
Especially for start-ups and small companies with limited employees that want to reduce cost by lowering their overheads, EnterpriseBizpal is your No. 1 choice to look for when you outsource your accounting service.
We can provide you with bookkeeping services, company secretarial and corporate tax services – we keep your accounts and handle your ACRA and IRAS statutory compliances while you run and grow your the company.
When you outsource your accounting to us, you….
Reduce up to 50% on your Accounting/Bookkeeping Cost!
Expand your Business. No worries about manpower.
No need to teach new accounts employee. EVER.
Accounting, ACRA and IRAS Return. One-Stop-Service Provider.
100% Confidentiality of Information.
Accounting
We can help your company to keep track of invoices and expenses. Efficient accounting and bookkeeping management is foundation to help business owners to track their cash flows.
Read More...Corporate Tax
We can provide your company with effective tax planning and tax return services to ensure your tax obligations to IRAS are kept.
We will help you minimise your tax liabilities legally!
Company Secretarial
We can help you by providing your company with cost effective services that will ensure that your Singapore company's statutory obligations under the Companies Act are met..
Read More ...Why is Accounting Is Crucial to Singapore Companies?
It is very important that the public and other stakeholders remain confident in the quality, reliability, and relevance of your company’s financial reporting. It is for this reason that accounting services are very much needed. In addition, the Accounting and Corporate Regulatory Authority or ACRA has started a Financial Reporting Surveillance Programme to ensure quality to prevent poor financial reporting that leads to inaccurate information and/or non-compliance with prescribed accounting standards.
Directors' Responsibilities in Financial Reporting
Directors under sections 201(1A), 201(3) and 201(3A) of the Companies Act, are responsible to present at their annual general meeting, financial statements that are prepared in accordance with Accounting Standards issued by the Accounting Standards Council; and provide a true and fair view of the profitability and the financial status of of the company.
Furthermore, it is imperative that directors of a company incorporated in Singapore maintain a system of internal accounting controls. Internal control, means the safeguarding of the company’s assets, keeping proper accounting and other records that will lead to the preparation of accurate and fair profit and loss and balance sheet accounts. Hence, directors should carefully choose the accounting services needed to fit their operations.
In order to carry out these financial reporting duties, financial literacy is expected of directors as well as the ability to review financial statements. Directors are to have sufficient and up-to-date knowledge of the accounting principles and practices to understand and review effectively the financial statements. Otherwise, directors are strongly encouraged to attend training and/or seek help.
How Accounting Professionals Can Help
Directors can be very much helped by the accounting services offered by professional accountants, bookkeepers, auditors, management accountants, tax experts, and company secretaries. These professionals can assist directors or management, exercise care, perform with competence, and review with diligence the financial statements that are presented to shareholders and subsequently filed with ACRA and IRAS.
Directors should read, enquire, and understand the forms and contents of the financial statements and make sure that the information is clear, consistent, complete, and in accordance with the prescribed accounting standards.
Areas of Accounting Services
• Bookkeeping - Bookkeeping being the foundation of all the reporting, analysis, and interpretations should be accurate and up to date. Accounting service companies like EnterpriseBizpal have accounting software systems that are user friendly and cost effective for client companies.
• Financial Reporting - This service makes sure that all accounts are measured and recorded according to standards; that these accounts are fairly presented in the statement of income, statement of financial position, statement of cash flows, statement of changes in owner’s equity; and adequate disclosures and reporting consistency being complied with.
• Payroll - this service involves the maintenance of payroll records and preparing payroll slips for employees. The service involves computation of salary, commissions, overtime etc and deductions such as employer CPF, employee CPF tax, etc.
• Auditing and assurance - Auditors looks into the works of financial accounting and reporting and does the attest function. Auditors examine the books of accounts and other related data; render any of the four opinions in their auditors’ report to include unqualified opinion, qualified opinion, disclaimer, or an adverse opinion.
• Taxation – This service on the other hand, is engaged in the compliance with the rules and regulations of the taxing authority.
• Company secretarial – This services can also be provided by the accounting service companies to assist directors in meeting the statutory regulations pertaining to the company.
• Financial Reporting - This service makes sure that all accounts are measured and recorded according to standards; that these accounts are fairly presented in the statement of income, statement of financial position, statement of cash flows, statement of changes in owner’s equity; and adequate disclosures and reporting consistency being complied with.
• Payroll - this service involves the maintenance of payroll records and preparing payroll slips for employees. The service involves computation of salary, commissions, overtime etc and deductions such as employer CPF, employee CPF tax, etc.
• Auditing and assurance - Auditors looks into the works of financial accounting and reporting and does the attest function. Auditors examine the books of accounts and other related data; render any of the four opinions in their auditors’ report to include unqualified opinion, qualified opinion, disclaimer, or an adverse opinion.
• Taxation – This service on the other hand, is engaged in the compliance with the rules and regulations of the taxing authority.
• Company secretarial – This services can also be provided by the accounting service companies to assist directors in meeting the statutory regulations pertaining to the company.