MONTHLY ACCOUNTING & PAYROLL SERVICES FOR SMEs
Monthly Accounting & Payroll Services for SMEs
Our accounting service packages are popular with local SMEs and international clients who rely on us to keep them informed or advise them on local accounting regulations, employment laws and employee-related matters. We go beyond of book-keeping to discuss with the management and highlight to them on the variances in their financial numbers and to alert them on possible GST and withholding tax issues arising from their business transactions.
If you are a start-up company, you are likely to focus on developing your business and will not be ready to employ any administrative/accounting staff. We will manage all your accounting needs, including invoicing, payment processing and payroll administration.
Setting up of Chart of Accounts (using MYOB, QuickBooks or XERO)
Checking for completeness of source accounting documents (for eg: numerical order of invoices issued, monthly bank statements, matching of sales to purchases invoices)
Preparation of monthly, quarterly or yearly financial reports, consisting of
✅ Debtors listing
✅ Creditors listing
✅ Bank reconciliation report
✅ Balance sheet
✅ Cash flow statement
✅ Production of routine and non-routine reports (such as Sales, Purchases, Salary and major expenses)
✅ Discuss with client/management on accounting policies and procedures
Payroll Administration Services, including:
✅ Individual salary vouchers/payslips
✅ Payroll summary and detailed computation for management's review
✅ Handle online submission to CPF Board by stipulated deadline
Our Service Delivery
We emphasis strongly on regular staff training to keep them up to date with the financial reporting standards and Singapore taxation so that they are well-equipped to perform their accounting functions with an added perspective of any accounting or compliance issues that may impact on the client’s business and financial position.