Current Market Outlook

With an ever changing corporate regulatory environment as well as new developments in legislature, many businesses are facing complex regulatory frameworks and procedural matters involved in the running of a company.

As such accounting is always an important part of compliance as it determine the cash flow, growth and management directions of a company.

Therefore, outsourcing accounting functions is as an effective method to reduce cost and ensure compliance. It will enable clients to focus on their strategic planning and dynamic growth of their businesses.

Accounting Standards 

In AcceServ, firstly we offer professional and comprehensive accounting services that manage all your day to day financial reporting. Secondly, we provide timely status update as the job progresses. Thirdly, all our accounting records are maintained using computerised accounting systems. In addition, such records are maintained to stay in compliance with Singapore Financial Reporting Standards “SFRS”. Further, depending on our client’s needs, our accounting outsourcing services can be in such flow:

Process of Services

Set up Chart of Accounts, debtors setup and creditors setup

Set up accounting operating procedures and internal controls.

Setting up computerised accounting system.

Perform of full set accounts for companies, businesses and organisations.

Accounts Receivables and Accounts Payables listing.

Preparation of detailed Fixed Assets listing.

Bank reconciliation and cash book maintenance.

Preparation of audit schedules and statements.

Prepare management accounts for the director(s) and shareholder(s).

Delivery of monthly, quarterly and yearly management reports.

Prepare monthly consolidated accounts for group of companies.

Liaise with auditors and clear audit queries.

Consulting, training and implementation of GST accounting.

Prepare financial statements under XBRL format.

Forecasting, budgeting and monitoring of cash flows.