There is a heightened increase in demand for Singapore professional accounting firms by business entities due to the reliability and high standards of the services providers, says the accounting specialist of Singapore, SBS Consulting.
Singapore -- (SBWIRE) -- 10/25/2013 -- The Singapore’s burgeoning business community constantly endures the burden of maintaining proper books of business records comprising of the financial transactions. Every year companies need to submit their financial records to ACRA in a timely manner. However, the stringent rules and regulations put in place by ACRA demands clarity and attention to detail by companies during submission.
It is due to this reason that Singapore business houses are outsourcing their accounting needs to professional accounting firms who expertise in the provision of such services. Hiring a full-time accountant would not only increase the operational cost of the business, but sometimes may also result in erroneous reporting by the accountant as there won’t be anyone else verifying it apart from the accountant.
“We have integrated a team of certified accountants having exposure to the accounting standards and principles followed world-wide. We take pride in fulfilling the needs of organizations in Singapore by offering the most accurate and prompt financial reporting,” said the leading Singapore accounting firm, SBS Consulting.
SBS Consulting further added, “Also, our constant vigor of keeping ourselves up to date with the latest developments in the world of accounting, enables us to serve the clients with precision and thorough guidance.”
The host of business accounting services offered by SBS Consulting has proved to be pivotal and integral to the growth of companies in Singapore. It is known to have an envious history of successfully being able to accomplish the accounting necessities of a company and building a strong bond with the clients in the process.
The accounting services for businesses offered by the firm include compilation of the financial statements, bookkeeping service, preparation of profit and loss statements and balance sheets, fixed assets ledger, general account filing, bank reconciliations, cash flow statements and weekly, quarterly, monthly and annual financial analysis.
Furthermore, the firm specializes in providing XBRL filing services, whereby it files the companies’ financial records in full XBRL format in compliance with the recent XBRL requirements announced by ACRA. It also makes sure that the prepared XBRL report is submitted to ACRA on time. The Singapore Financial Software Assistance (SFRS) service, Preparation of directors/compilation report, Trade debtors listing, Trade creditors listing are also part of the services offered by the firm.
SBS Consulting aims to relieve the burden of accounting for small businesses and guides the SMEs (small and medium sized enterprises) to greater independence in dealing with revenue generation and growth.
About SBS Consulting
SBS Consulting is an accounting specialist of Singapore which was established in 2010 with the vision of relieving the accounting burden from the small and medium businesses. The accounting services of the firm comprises of XBRL filing, bookkeeping service, preparation of balance sheets, financial software assistance and many more.
With a team of certified accountants SBS Consulting simplifies the manner in which businesses across Singapore operate. In addition to the accounting services, it also operates in domains such as company incorporation, taxation, auditing, corporate secretarial, payroll and immigration visas. SBS Consulting is a one stop destination for all your corporate needs and solutions.
SBS Consulting Pte Ltd
35-B Hongkong Street,
Singapore - 059674
Tel: +65 67289142
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