SBS Consulting Advises Small Businesses to Hire an Accounting Firm in Singapore to Save Money

SINGAPORE - Sept. 13, 2016 - PRLog -- "We, as a premier accounting firm in Singapore, provide the business owners with one-stop solutions for the bookkeeping, accounting, and tax needs of their business. We help them in saving costs, reducing overheads & increasing profit," said Ms. Meena the Business Head of SBS Consulting.

"Like every other organization, small businesses in Singapore also need to update their books of accounts during the monthly accounting or quarterly accounting. They need to ensure their faultless statutory compliance or face penalties. Doing it as an in-house process requires resources and could prove costly to many of them. On the other hand, outsourcing their accounting needs to a competent accounting firm in Singapore like SBS is affordable to them," Ms. Meena added.

Updating their books of accounts, as such, do not produce any additional revenue and profit for the businesses. It is a non-core activity. On the other hand, outsourcing to the accounting companies in Singapore lets them focus on their core goals. In today's highly competitive business environment having lean profile matters to the businesses, if they want to survive and grow.

"The experts hired by the accounting services offer quarterly bookkeeping services and take care of the preparation of unaudited financial statements, compilation report and Director's report. They help their clients in assessing if they need to opt for GST registration and also assists them in quarterly GST return filing," said a veteran accountant working for SBS.

Singapore is a renowned Accounting Hub in the world. Accounting firms in their provide world-class services. After hiring an accounting firm in Singapore like SBS Consulting, the businesses owners can expect following services:

General Account Filing
Preparation of Profit and Loss statements
Preparation of Balance Sheets
Preparation of Cash Flow statements
Singapore Group Consolidation
Accounts Payable (AP)
Preparation of Director's report /Compilation report
Fixed Assets Ledger
Bank reconciliation statements
XBRL statement preparation
Weekly, quarterly, monthly, and annual financial analysis
Singapore Professional Accounting Services
Singapore Financial Software Assistance service

"Outsourcing to a reliable accounting firm in Singapore provides the small business owners an easy and elegant solution to their problems. There is no need for them to invest in searching and hiring a qualified accountant. They do not have to deal with the resignations and interrupted work flow," concluded Ms. Meena.

"They also do not have to spend on computer hardware, latest accounting software, and training. They also save a lot of money which they otherwise would need to spend on paying salaries, benefits, or bonuses to a permanent in-house accountant," added Ms. Meena.

About SBS Consulting:
SBS Consulting, a trustworthy accounting firm in Singapore, has captured the attention of small and medium businesses through its sheer hard work. Through its reliable and prompt accounting services, offered since 2010, the firm has managed to acquire a loyal client-base. Apart from accounting services, the firm also specializes in services like company incorporation, secretarial services, payroll, etc.

Contact:

SBS Consulting Pte. Ltd.
Visit: http://www.sbsgroup.com.sg/
High Street Centre,
#17-02, 1 North Bridge Road,
Singapore – 179094
Phone:+65-6536 0036
Email:info@sbsgroup.com.sg