Accounting services for foreign corporates having small operations in Singapore
Many foreign corporates operate a small branch, rep office or subsidiary in Singapore. These operations are typically staffed with 1-5 headcount. Having a full-fledged accounting function for such a small setup may not be beneficial. Moreover accounting in Singapore includes many aspects that foreign businesses may find challenging. Your overseas staff will not be aware of regulations relating to GST, functional currency, Singapore accounting standards. In that case it is always better to engage a knowledgeable firm like ours to outsource your accounting work.
Hiring a full-time accountant may not a practical solution for such corporations. In most parts of the year, an accountant may not be fully utilized. Accounting work may only need a few days to a few weeks to be completed. Hiring someone permanently to perform limited work is not practical especially when a company’s budget is limited. Moreover you will need to maintain your software, plan for alternative resource if the current employee resigns and then train new employee for accounting activities.
Guide to Selecting an Accounting Service Provider
Outsourcing your accounting requirements need long-term commitment with a service provider. Hence, it is very important that you select the best one. Here are some tips that you can use in selecting an accounting service provider:
Determine the Exact scope of Work You Need
The Accounting Service that We Provide & pricing
Our accounting service is based on the principle of best service at the most cost-effective price. In addition to routine accounting work we also provide services specific to your needs as mentioned above.
Let us know your requirements in detail and we can provide you quotation for the same.
Benefits of Outsourcing Your Accounting Requirements to Us
Because we are using the latest cloud technology, you can regularly scan all your accounting files and save them in a cloud storage folder we set up specifically for you. Our accountants will work on your requirements remotely and we will set up a regular meeting with you to discuss the progress and the result of our work.