SBS specifically concentrate on basic to multifold accounting requirements of Singapore businesses in compliance with the rules and regulations laid by – IRAS and ACRA. SBS Consulting is predominantly rendering services other than accounting such as bookkeeping, auditing and taxation services in Singapore. The services are furnished to all business sizes and segments including small and medium enterprises to big corporations.
SBS Consulting – The one stop solution provider for your accounting needs
Outsourcing your accounting needs to SBS Consulting will give you the freedom to focus on the core functions of your business. Following is a brief overview of the accounting services we provide.
Our Accounting Services
• Singapore Accounting Software Assistance
The Singapore Financial Reporting Standard (SFRS) has notified all companies in Singapore to keep an updated book of their business’ financial records. We provide software assistance in keeping your accounting records up-to-date to present a true picture of your company’s financial health. We assist in initial set up of charts of accounts, record of supplier and customer information, opening balance and item code for inventory and currency set up.
• Singapore Professional Accounting Services
It is compulsory for all registered companies in Singapore to produce their business accounts information annually to IRAS and ACRA. Our qualified accountants after compiling your accounts information will prepare reports in the format required by IRAS and ACRA and submit to the regulatory bodies. Our professional accounting services can be availed on weekly, monthly, quarterly, and annual basis.
• Recording Full Set of Account Transactions
We undertake professional responsibility to maintain your accounts by providing complete accounting assistance. Our services consist of but not limited to maintaining your financial statements.
• Preparation of Cash-flow Statements
We provide assistance in preparing statement reports of cash earned and spent during a specific time period. We also help in your cash flow budgeting. The estimation is done on a monthly, quarterly or yearly basis. Our services are extended to financial planning and forecasting the growth of you company.
• Singapore Group Consolidation
We assist in preparing your business annual reports in compliance with the financial reporting standards of Singapore. We also assist in preparing group financial statements of your business.
• Singapore Bank and Other Accounts Reconciliation
We offer bank and other accounts reconciliations services. We also assist in preparing audit schedules where in we examine statements, data performances, operations, and records independently and in a systematic order.
• Accounts Payable (AP)
We perform processing & administration duties such as preparing payment vouchers, provision of checks signatory, and banking on checks and filing of the same.
• XBRL Statement Preparation
We prepare financial statements in XBRL format to be submitted to ACRA.
Contact us to discuss your business accounting needs with us. We will be your professional accounting partners in tabulating your financial balance sheet.