Striking the right balance between operational and financial efficiency is a struggle for many small businesses in Singapore. While maintaining your own accounting department in-house is a costly affair, outsourcing your accounting services will allow you to save precious time and resources, making it easier to reach your business goals.
Our team at Accounting DNA offer professional accounting services at affordable prices to help SMEs and small business owners in Singapore increase their efficiency, and cut unnecessary costs involved in having an in-house accountant. To help you understand what you should expect from your accounting services providers, we’ve outlined some factors of the accounting process you need to address as a business.
Firstly, all companies incorporated in Singapore are required to prepare their accounts by filing with ACRA as well as carrying out tax filing with IRAS. But we understand that it can be a complicated and tedious process to reflect the financial position of your company accurately. Not only does it require professional expertise, it also needs significant time and effort to be done as well.
We are able to provide you with an in-depth financial analysis on your company’s financial report to better help you understand your company’s current financial position. In doing so, we can help you achieve smart, profitable business decisions.
Our Bookkeeping Services and Accounting Services include:
- Preparation of unaudited Financial Statement / Compilation service
- Preparation of management accounts (Balance Sheets, Profit or Loss, Trial Balance)
- Preparation of Fixed Assets Register
- Reconciliation of Bank Statements
- Provision of Statement of Cash Flow
- Generate accounts receivables/payables aging report
- Other schedules require by the clients for their analysis purpose
We will constantly keep our clients posted on the relevant processes with regards to the steps we have taken from the beginning till date.
Our staff are well-trained and equipped with the relevant technical skills to provide our clients with the best accounting and booking services at affordable prices.
Quality of Work
With years of experience in the field of accounting, accompanied with professional certificates, we guarantee that clients receive expert advice and service to provide you with a seamless and hassle-free experience.
No Hidden Cost
What we quote is what you pay--no hidden extra fees!
Accounting services for small business Singapore
Most SMEs in Singapore do not have their own accounting departments and choose to outsource their accounting or bookkeeping services. At Accounting DNA, we are dedicated to providing you with professional services to ensure that your accounts are prepared in the most cost-effective manner, without compromising quality and accuracy.
Our directors are qualified professionals who guide our clients to apply the correct principles to accounting services in accordance with the latest Companies Act regulations. We also provide services such as preparation of sales invoices, sending monthly SOA to your customers, preparation of payroll for your staff, preparation of payment to suppliers, and so on.
YES! You need to have proper accounting records to compile into a financial statement for submission to meet relevant deadlines set by relevant government agencies.
NO! Every company is required to file the actual earnings / loss incurred. Any error, omission or discrepancy made on the tax returns can result in a fine/penalty or imprisonment, even if you had no intention to evade taxes.
I realised that the accounting firm also provides services to one of my competitors, will my information be leaked to them?
NO! We are bound by the Code of Ethics set by ISCA, hence, we will definitely keep your business information private and will not disclose confidential information to third parties without proper authorisation.
I don’t really understand how to read the financial statement/accounts of my company, will an accounting firm explain it to me?
YES! We will definitely brief our clients when we present them with the relevant financial statements. In addition, we will provide our clients with our expert advice so that they can have a point of reference.