Bookkeeping
Section 201 of the Singapore Companies Act ( Chapter 50) requires the company directors to lay the Profit & Loss Account and Balance Sheet that comply with the Singapore Financial Reporting Standards ("FRS") at the Annual General Meeting ("AGM)
We will ensure the following:
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Complete data entry for accounts receivable and payable
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Collect your outstanding customer payments and implement an efficient collection system
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Plan your cash flow to meet your payment obligations on time
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Structure your chart of accounts to capture and report on profit centres so you can see what’s really working in your business
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Calculate Central Provident Fund contributions for employers and employee, track employee entitlements, and claim back deductions
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Create weekly and monthly reports for financial and statistical data that provides useful operational insights
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Achieve government compliance through the quick and efficient calculation of Goods and Services Tax
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Issue payroll summaries to your employees within 7 days of the end of the financial year
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Design and implement financial management policy, processes and filing systems
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Cut the cost of processing your annual tax return