We provide comprehensive accounting services in Singapore to startups, MNCs, SMEs or small business entrepreneurs who are looking for professional accounting firms to outsource accounting function, XBRL filing services or software. As Singapore Companies Act require all companies to maintain proper books and records, our accountants besides providing book keep service, are able to work at your premise should the need for accounting support at company is required. Before we dive into the details of choosing the right accounting firm, it’s essential to understand what accounting firms are and what they do. An accounting firm is a company that provides accounting services to businesses, organizations, and individuals.

• Having good records also makes preparation of financial statements easy and accurate, resulting in efficient and on-time tax returns filing.
• Businesses must file quarterly GST returns and may deduct the GST they paid on the invoices they received from local suppliers.
• From management to statutory compliance reporting, our professional team will help guide your business throughout Asia-Pacific.
• Streamlining your accounting services reduces the administrative burden that these critical tasks create.
• When you outsource your bookkeeping the firm you have outsourced to will typically handle all your taxation requirements such as tax strategy, tax preparation and tax filing.

Headquartered in Singapore, we serve SMEs and mid-tier firms primarily in these areas. Starting your business with a vague knowledge of accounting and other legal requirements is challenging. However, with Bestar, this step would be super easy for you as they pride themselves on offering customized services tailored to your needs. Whether you are jumping into the developed market of information technology or having your grounds in the automotive or even the healthcare sector, the experts at Bestar are knowledgeable enough to cater to your accounting requirements.

Bookkeeping, Tax & Accounting Services

The corporate accountant’s responsibility is preparing cash flow and financial statements, analysing and interpreting the results, and keeping track of significant events like mergers or acquisitions. The companies’ executives then use the generated financial report in making strategic business decisions. Illustrative financial statements and disclosure checklists
List of model accounts and IFRS disclosure checklists from public accounting firms compiled by the ISCA. We are a premier provider of professional formation, accounting, tax, HR & advisory services in Singapore, focusing on providing high-quality outsourcing and consulting services to our international clients in Singapore and throughout the region. Every company in Singapore needs to prepare annual financial statements, either under SFRS or SFRS SE.

Our experienced professionals are committed to filing your taxes and keeping your business tax compliant. If you want to find out more about how we can help your business, please contact us today. Outsourcing your bookkeeping services can look different depending on your business’s size and needs. Smaller businesses typically outsource their bookkeeping to a local Certified Public Accountant (“CPA”), while larger corporations outsource what is marginal revenue formula to calculate their accounting to larger firms like BoardRoom. When you outsource your bookkeeping the firm you have outsourced to will typically handle all your taxation requirements such as tax strategy, tax preparation and tax filing. As one of the Asia-Pacific region’s most trusted accounting firms, we ensure that your business fulfils all local regulatory authority compliance requirements, maintaining the integrity of your company’s reputation.

• This doesn’t end here as they also offer free of cost consultancy service for one hour on the problem of your choice.
• We provide a broad spectrum of corporate advisory and accounting solutions such as auditing, corporate financing, tax, and payroll.
• We offer a variety of options that you can choose from whether you want monthly or quarterly services, or just a year-end report.
• We provide an overview of payroll processing in Singapore including salary calculations, statutory contributions, reporting & other related regulations.
• Keeping financial records is essential for every company around the world, which the same applies to Singapore.

The aim is to meet the needs of the users of the statements more efficiently and cost-effectively. If you run a larger company and need something more sophisticated, it is recommended to examine the firm’s scope of service, as well as their experience and their accounting tools. XBRL conversion filing is a highly time-consuming, yet necessary, process for running a company in Singapore.

“Your main focus should be on customers, company development and growth, not accounting.“

Choose a convenient time to chat with our accounting experts and get the answers you need to take the next step. Our dedicated experts and easy-to-use tools make managing your money and paying the right tax effortless. Deadline for salary payment is by 7th of the following month.Deadline for overtime payment is by 14th of the following month. Even in our name Ackenting Group, ‘Ackenting’ is a combination of the two words accounting and innovation.

Tax Services

There is no “perfect” time to outsource accounting management, but as a business owner, it would be ideal to start your business with your accounting services already established. With a proven track record built over 50 years, BoardRoom has become one of the region’s most trusted accounting services providers. BoardRoom’s team of certified chartered accountants and finance professionals in Singapore has the skills and expertise to ensure your accounting is accurate, efficient and compliant with local laws and regulations. Accounting is one of the most important business processes to get right, because it critically influences your organisation’s growth and success.

When you outsource your bookkeeping, you will have to grant your vendor full access to your company’s financial information. Some companies prefer to grant vendors a “read-only” access to ensure no external parties have access to company’s funds. In general, outsourced bookkeeping should be digitalized for ease of convenience.

Accounting in Singapore: Introduction.

As a XERO silver partner, we recommend you the XERO Accounting Software as it provides you a clear financial overview of your business thru their dashboard and you can access it anytime, anywhere and any devices. We generate income statements, which show you how much money you have made, and balance sheet reports which will give you a sense of your assets. Behind WealthBridge is an accredited network of professionals certified by Singapore’s main accounting bodies. Both our accountant and technology will make sure you are on top of your accounting and compliance responsibilities. Gone are the days of manual work such as uploading bank receipts, invoices, bills, and documents.

Spend time on gains, not pains

The guide includes summaries of the new or revised Singapore Financial Reporting Standards (FRSs) and Interpretations of Singapore Financial Reporting Standards (INT FRSs) as well as a comparison of key differences between Singapore FRSs with IFRS. For over 50 years, we have supported companies in navigating through complex operational and regulatory policies and cultural sensibilities. We are well-positioned in Asia-Pacific with offices in Singapore, Australia, China, Hong Kong, and Malaysia, as well as an extensive partner network throughout Asia. Whether you run a small business or a multinational corporation, every business can benefit from some sort of accountancy services. BoardRoom can help you to manage this process with our skilled consolidation agents. We understand the complexities of consolidating accounts, such as situations where the parent company does not 100% own a subsidiary company.

We ensure that your finances are managed at the highest standard and efficiency by classifying your day-to-day transactions to their respective accounts. A company that is not publicly accountable is one that does not have to file accounts with statutory authorities or one that has not issued securities or shares to the market. Even if a company is a small company under Singapore’s Company’s Act, it may still need to comply with IFRS if it is publicly accountable. If you are looking to outsource your accounting in Singapore, kindly contact us today. We will be happy to hear your business requirements and find an accounting solution that best fits your needs.