We use a 360-degree approach to understand your profile to offer you tailored services and long-term solutions designed to meet your business goals and objectives.
An efficient accounting system is of great importance for the growth and sustainability of your business. It gives the board of directors correct and timely reports which greatly help in their decision-making and accurate use of the Company’s assets.
As your accounting needs will continue to grow with your business, it is imperative to pay careful thought to a long-term and viable solution for this vital part of your business.
We offer a great package of accounting, bookkeeping, and GST submission services. You can engage us to prepare your monthly, quarterly, or yearly accounting reports and periodic filing to different government bodies.
Accounting Management Solutions
All companies registered in Singapore must keep accounting and other records that will sufficiently explain the transactions and financial position of the Company under the Singapore Companies Act.
Companies are required to file their financial statements and Annual Return with ACRA and submit tax returns to IRAS. Accounting plays a critical role in fulfilling these regulatory requirements.
GST Returns and Compliances
A GST-registered company is responsible for accurate charging and accounting of GST, filing GST returns on time, keeping proper records, and adhering to all conditions imposed by IRAS.
Failure to file or late submission of a GST return is an offense punishable with a fine or imprisonment. Therefore, the preparer of a GST return must have complete knowledge of the obligations of a GST-registered company.
Accounts Payable Services
Accounts payable (AP) is an important aspect of a business. Having a good AP workflow is essential to keep finances and improve cash flow. It will also maintain a healthy relationship with your suppliers and give them a good impression that you are not difficult to do business with.
Unaudited Financial Statements
Under sections 201(2) and 201(5) of the Companies Act (the "Act"), directors are responsible to present and lay before the company, at its annual general meeting, financial statements that:
The financial statements to be presented and laid at Company’s AGM may be audited or unaudited financial statements.
Financial Statements in XBRL format
Unless exempted, all Singapore (SG) incorporated companies are required to file financial statements (FS) with ACRA. Depending on company type, nature, and financial position, companies are either required to file a full set of FS in XBRL format or key financial data in XBRL format and a full set of a signed copy of the FS tabled at an annual general meeting and/or circulated to members (AGM FS) in PDF to complete the filing of Annual Return.
Sole proprietorship, partnership, limited liability partnership, or limited partnership are not required to file FS with ACRA.
Are you not satisfied with the service of your current corporate service provider? Does your company face compliance issues and pay unnecessary costs due to delayed response time and poor service of your current corporate service provider? We think it is about time to switch service to a new provider.
At Accmaster, we make the switch easy and seamless.
