Accounting Firms & Accounting Services in Singapore

Keeping accounting records is essential to any business for important and sound business decisions will be made based on the financial information of an organization.  Hence, bookkeeping must be carried out regularly and accounting must be done accurately to provide that insight that business owners need.  Not forgetting the part of the compliance responsibility mandated by the Accounting and Corporate Regulatory Authority (ACRA).

An accounting firm in Singapore, Bestar provides our valued clients the dedicated and customized business consultation advice on bookkeeping and accounting services you need.  We understand that it is imperative for business owners to know at their fingertips the financial health of their businesses.  Our comprehensive range of services includes but not limited to accounting services in Singapore and bookkeeping services in Singapore.  Our aim is to ease our clients from spending time on compliance obligations as well as to alleviate the constraint on their manpower resources at an affordable cost.  Clients are hence able to focus on what really matters, i.e. growing their core business and not having to worry about the accounting function and compliance with statutory requirements.

As an accounting firm in Singapore, Bestar offers unprecedented accounting services in Singapore and bookkeeping services in Singapore. Our dedicated team of qualified and professional accountants and accounts specialists are here to provide efficient, effective and practical assistance to organizations from small and medium enterprises to multinational corporations of various industries including services, trading, shipping, consultancy, food & beverages, retail, investments holdings, construction and so on.

Bookkeeping Services in Singapore

Our comprehensive range of accounting services in Singapore and bookkeeping services in Singapore include the provision of the full support of day-to-day activities or any transactional or complex financial transactions and statutory reporting support. We also outsource our experienced and qualified accounting specialists to work at the client’s premises on a regular schedule or on an ad hoc basis when the client has an urgent need for financial and accounting support.

A dedicated accountant will be assigned to look after your business’s accounts ensuring that your business keeps proper books of accounts as stipulated by the Singapore Companies Act.  We assist your business in maintaining timely accounting software, data entry services, compile your account on a yearly, quarterly, monthly or weekly basis according to your business requirement, as well as drafting of financial statements for your business’s annual return submission. Our service also includes managing your accounts in the most cost-effective way and providing you the insight based on the financial health of your company’s book of account for sound business decisions.

Being a member of the Affilica International global network, we have the connection, expertise, and knowledge to assist our valued clients with the required services across jurisdictions and in countries, they have a presence in.

Our comprehensive bookkeeping and accounting services include:

• • • Accounts payable (A/P) processing
    • Payment of vendor solicitations and worker costs claims by means of checks, web-based banking, electronic exchanges, transmitted exchanges or different types of Payment
    • Accounts receivable (A/R) processing
    • Bookkeeping including organizational, analytical, and recording services for the financial activities of a business, and the preparation of various materials covering the financial transaction life cycle (i.e., recording transactions, closing books, collecting source documents, and preparing reports for internal and external stakeholders).
    • The Preparation of periodic management reports
    • Preparation of budgets, financial analysis, business reviews, and/or cash flows reports for business decisions making
    • Accounting entries, a compilation of general record reports, preliminary adjusts, benefit and misfortune proclamations, asset reports and accounting report plans for the executives revealing and money related investigation
    • Bank reconciliation
    • Year-end statutory financial report prepared in accordance with Singapore Financial Reporting Standards and/or GAAP conversion
    • Financial statement year-end closing support, e.g., trial balance compilation, reconciliations, and analysis, statutory adjustments, audit pack preparation, group consolidations and GAAP (Generally Accepted Accounting Principles) conversion, including footnote disclosures
    • The readiness of financial summaries in XBRL format for ACRA filling
    • Auditor and tax liaison
    • Preparation of ‘audit ready’ documentation and clear audit trails to support you with statutory audit
    • Design and documentation of controls and procedures as well as a compilation of finance procedure manuals to meet your individual business needs
    • Head office reporting
    • Completion of MAS and other required structures for accommodation to government organizations
    • Provision of trust account service
    • Short-term staff secondment to determine impermanent asset deficiencies or help with backlogged accounts record
    • Implementation of accounting system
    • Chart of Accounts set-up
    • Other bookkeeping and accounting related administrations

Outsource your accounting needs to Bestar.  We are confident that you will benefit from our wide range of professional financial services to better manage your book of accounts to provide the financial information you need to make a sound decision for your company’s business goals.