Bookkeeping services in Singapore by SBS Consulting You have to hire a dedicated bookkeeper or an experienced bookkeeping service to take care of your compliance. You can rely on them for accurate and timely bookkeeping. However, establishing a fully functional in-house accounting department has its advantages and disadvantages. It is investment intensive, and you make no profits from it. You can trust a reliable bookkeeping service to provide services like: Preparation of profit & loss statements Preparation of balance sheets Fixed Assets Ledger General Account Filing Bank reconciliations XBRL statements preparation Cash Flow Statements Financial Analysis for weekly, quarterly, monthly, & annual periods Singapore Financial Reporting Standards (SFRS) Services Preparation of directors’ report
Whatever the case, you have to keep in mind that you are responsible for the filing of error-free financial reports to the ACRA. The digitized data also enable you to take timely business decisions.