OUR SERVICES
Accounting Services
Our dedicated team are experienced in handling various accounting software, such as QuickBooks, MYOB, SQL Account, Sage 50, Xero, Xintesys etc. to meet your needs.
Our range of accounting services is designed to cover various aspects of financial management and compliance, including:
- Account Code System Setup
- Monthly, Quarterly, Half-yearly and Yearly Accounting/Reporting
- Trial Balance
- Profit and Loss Account
- Balance Sheet
- Cash Flow Statement
- General Ledgers
- Bank Reconciliation
- Accounts Payable Ageing
- Accounts Receivable Ageing
- Variance Analysis
- GST Accounting
- GST Returns preparation and submission – Monthly and Quarterly
- Multi-currency Accounting
- Management Reports
Directors’ Report /Compilation of Financial Information
We help our clients to compile financial information in compliance with the Singapore Financial Reporting Standards that are appropriate for submission of Annual Reports and to the Inland Revenue Authority of Singapore (IRAS).
XBRL Conversion and Filing
XBRL is a reporting language used by the Accounting and Corporate Regulatory Authority (ACRA) for filing financial statements. This is required for all companies incorporated in Singapore to submit accounts to ACRA.
In Singapore, companies are required to adhere to the ACRA Taxonomy, which is developed under the disclosure requirements outlined in the Accounting Standards and Companies Act.
The ACRA Taxonomy is a standardised taxonomy that restricts preparers from introducing their company-specific concepts or establishing custom relationships between concepts. This measure aims to improve the comparability of collected data.
However, achieving 100% compliance with ACRA requirements for financial statements can be a challenging task when attempted internally, primarily due to the complexities involved in understanding the language and intricacies of the regulations.
We can help you with converting financial statements, created in formats such as Excel or Word, into XBRL format to ensure compliance with the ACRA Taxonomy.