"It pays if a business takes efforts to maintain its books of account in the updated state. SBS Consulting assists its clients: start-ups, Small and Medium Enterprises (SMEs), and the multinational businesses in this task with equal zest," said Ms. Meena. Singapore, Singapore - April 24, 2015 - (Newswire.com)
SBS Consulting is one of the prime providers of the company incorporation in Singapore. The firm, since 2010, is also well-known for its timely and quality-based corporate services like bookkeeping, accounting, auditing, and XBRL filing to the local and overseas clients.
“SBS Consulting is one of the reputed accounting and bookkeeping services that assists the Singapore businesses in fulfilling their financial reporting obligations. Our clients include those who want to outsource it so as to be able to concentrate on the core functions of their business,” said Ms. Meena, the business head of SBS Consulting.
“There are startups and small business owners too, who run their businesses on a shoe-string budget and cannot yet, afford full-time accounting professionals. Then there are business owners, who find it difficult to tackle and apply the principles of accounting to their books and choose us as their trusted accounting firm in Singapore. These individuals gladly pay our just accounting services fees,” elaborated Ms. Meena.
Accounting services in Singapore reciprocate the gesture by appointing a dedicated accounts manager who then deals with the clients on the one-to-one basis. The arrangement is very useful in speeding up the process and in ruling out any miscommunication. This puts the clients at their ease and also maintains the continuity of the conversation.
Firms providing services in accounting in Singapore provide the compilation of financial statements, forensic accounting, directors’ report, corporate accounting services, and professional accounting services that upholds the Singapore Financial Reporting Standards in every respect.
When it comes down to the recording of each financial transaction of the business, it isn’t too hard. However, the work pressure, lack of time, priorities, commitments and obligations, make the bookkeeping, even with the aid of computer software, a cumbersome task. Bookkeeping and accounting services for small businesses come really handy in such situations.
The bookkeeping services fees in Singapore are not that high. SBS Consulting charges its clients according the volume of their transactions. The clients have the option of upping or downgrading the service and of claiming more or fewer resources to accommodate the increased or decreased number of transactions.
The Singapore businesses must comply with the rules and regulations laid down by the ACRA (Accounting and Corporate Regulatory Authority) and IRAS (Inland Revenue Authority of Singapore) when it comes to filing of their financial statements and taxes. This is a job for certified, experienced, and die-hard accounting professionals in the employ of Singapore accounting services like SBS Consulting.
In today’s competitive market, depending entirely on one’s intuition about the financial aspect of the business is not a good sign. Meticulously done bookkeeping and accounting in Singapore, yield the true financial health of the business. The profit and loss account, balance sheets, and cash flow, together, help the business in understanding its current position with respect to its creditors, suppliers, and clients. Most importantly, these statements are of immense use in the audit compliance and the tax filing of the business.
“The regular updation of the books of accounts reveals the financial weaknesses of the business long before it becomes a matter of survival for the owner. We, at the SBS Consulting, advise our clients with their business plans and financial states so that they can proactively meet the changes in their market segment and reinstate the financial sanity of the organization,” commented an experienced CPA.
“SBS further assists its clients by doing the internal or the external audits of their businesses. Here, we verify the documents pertaining to the financial transactions, their recording and standards adhered to in doing so. If there is something not up to the mark we suggest improved internal controls, changes in the processes and the methods to bring it back in line. XBRL filing is the last hurdle that we help our clients to neutralize in order to achieving the unblemished statutory compliance,” the CPA further added.
Statutory compliance is something the ACRA and IRAS take very seriously, and so should every business owner. A single mistake in it can put you in the spotlight and can make you answerable to these officials.
“It is a thing that business owners or the directors who believe in doing their accounts on their own should watch out for. Because, it can lead to a hefty fine or and imprisonment. The bookkeeping, auditing, and accounting are the tasks for the accounting firms in Singapore who has achieved proficiency and experience in these fields, advised Ms. Meena.
About SBS Consulting:
SBS Consulting assists entrepreneurs and investors in opening a company in Singapore. In fact, it provides end-to-end corporate services to take care of its client’s statutory compliance. The firm offers world-class auditing, taxation, and payroll processing services. It also delivers praise-worthy GST and ECI filing, work visa, and immigration services. The certified and experienced professionals employed by the SBS have enabled this Singaporean firm to carve a niche for itself in the field of bookkeeping and accounting services.
Contact:
Ms. Meena,
SBS Consulting Pte Ltd
35-B Hongkong Street,
Singapore - 059674
Tel: +65 6536 0036
Email: info@sbsgroup.com.sg
Website: http://www.sbsgroup.com.sg/
Contact Info:
SBS Consulting Pte Ltd
35-B Hongkong Street
Singapore
Singapore
Press Release Service by Newswire.com
Original Source: SBS Consulting Sets Singapore Businesses' Accounts Straight by Providing Complete Accounting Services
