Update on 20-08-07 Viewed 310 times

Posted by Boardroom Limited

ACCOUNTING & PAYROLL We are one of the leading Accounting & Payroll Services providers in Singapore and the region with a 25-year track record of providing quality outsourcing services to companies of all sizes and needs spanning across various in

Contact No.	:	62309507
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ACCOUNTING & PAYROLL

We are one of the leading Accounting & Payroll Services providers in Singapore and the region with a 25-year track record of providing quality outsourcing services to companies of all sizes and needs spanning across various industry segments.

By outsourcing their accounting and payroll needs to us, our clients enjoy assurance of compliance with all statutory and commercial regulations, as well as professional counsel on the latest accounting standards. With such peace of mind and valuable resources being freed up, our clients are able to focus on growing their primary business and channel resources towards activities that have a direct impact on their top and bottom lines.


	Scope of Services \| Contact Us

Scope of Services

Accounting

The computerized accounting services will be provided on a monthly/quarterly/annual basis in the following areas:

Bookkeeping

	Set up the chart of accounts.
	Record all payments and funds received.
	Prepare monthly bank reconciliation statements.
	Record all sales and trade debtors.
	Record all purchases and trade creditors.
	Record prepayments and accruals.
	Record all assets purchased and related depreciation.
	Record all Goods and Services Tax on the taxable purchases/supplies (if applicable).
	Extract monthly trial balances and general ledger.

Management Reports

	Compile profit and loss account and balance sheet.
	Generate aged analysis of debtors and creditors.
	Prepare and submit quarterly GST returns (if applicable).

Statutory Accounting

With the recent change in the Accountants Act, auditors must be perceived to be independent and are prohibited from performing some non-audit services. We can assist you in these areas of work that were previously performed by the auditors.

	Prepare financial statements which includes the cash flow statement, statement of changes in equity and notes to the financial statement in compliance with the FRSs;
	Prepare consolidated financial statement which includes the consolidated cash flow statement, consolidated statement of changes in equity and notes to the financial statements in compliance with the FRSs;
	Review and computation of tax and deferred tax provisions for inclusion into the financial statements;
	Re-measure accounts to functional currency;
	Complete consolidation and head office reporting packages;
	Secondment of staff in the short term to assist in the accounting work to relieve clients facing staff turnover or staff leave problems.

Accounts Payable

We can assist you in processing the payment of your employee expense claims and vendor invoices as follows:-

	Payment of invoices and employee expense claims.
	Issue of payment vouchers and prepare cheques.
	Mail signed cheques to payees, or remit funds by telegraphic transfer.

Outsourced Payroll Services

	Compute net salary and CPF;
	Provide payroll reports & finance journals;
	Handle payment of net salary and CPF via our client trust account, including deposit of net pay into employees’ bank accounts and issuance of confidential pay slips (hardcopy or electronic);
	Prepare year-end IR8A and IR8S (hardcopy or electronic);
	Prepare IR21 and other payroll related forms - NS MUP, GML, CPF Joint Application, CPF Refunds;
	Manage E-leave.