5 Things to Check When Hiring Accounting Service Provider in Singapore

5 Things to Check When Hiring Accounting Service Provider in Singapore To keep your company’s growth rate higher every year, you need to maintain a good record of your accounts and manage all financial requirements and works of the company systematically and legally. Thus, it is significant for all small to large level enterprises in the industry to manage all works of their accounting departments up to the market and accurately as well. For this goal, you need to hire experienced accounting personnel in the company too. To hire professional and experienced accounting staff in a company, you have to pay them good salary packages too. But, it is not easy for small level companies to hire expensive staff in the accounting or other departments. In this situation, there will be a good alternative of outsourcing the accounting work of a company to the third party accounting service provider or agency in the industry. Hence, it is necessary to search the best accounting firm first.

One will find some highly renowned accounting and finance service agencies in Singapore too.

There are many accounting service providers in Singapore, who have vast experience in managing all accounting works of corporate companies in Singapore. Also, the agencies will provide you with the best services for company audit, finance management, income tax calculation and filing, finance statement submission, bookkeeping, and many other accounting works of the corporate companies. You will get total solutions for all ranges of accounting and taxation works at the genuine accounting service firms in Singapore at highly affordable charges.

Thus, it is essential for small companies to outsource their all accounting work to the best accounting firms in Singapore and get rid of any accounting and income tax filing issues easily.

Before you hire any accounting service agency for outsourcing all accounting works, you need to check with some relevant points about accounting service firm such as: 1. You are supposed to deal with fully authorized and ACRA approved accounting service firms in Singapore only. Make sure, the agency has a good reputation and service track record for serving highly effective, reliable, and accurate accounting services to the corporate companies as per their requirement. Moreover, the accounting service agency should have genuine proofs of its authenticity as well such as license or registration number, address proof, contact numbers, website, etc. Hence, it will assure you about the trustworthy nature of the accounting firm to rely on it.

2. Make sure, the accounting service provider in Singapore offers the best accounting services, which are required by the corporate firm such as income tax filing, company auditing, financial planning, pay statement development, inventory management, billing and invoicing, bookkeeping, etc. These are some standard accounting services that are required by all level companies in Singapore for streamlining accounting works of their firms.

3. There should be availability of industry’s finest accounting and financial experts at the accounting service firms in Singapore. Make sure, they hold massive experience in manipulating all sorts of accounting works of corporate firms and can serve them with quality accounting works with accuracy. Make sure, the accounting staff at the agency has good knowledge of Accounting and Corporate Regulatory Authority or ACRA rules in Singapore too. Hence, they will be able to calculate income tax and GST tax of companies in Singapore as per the genuine rules of ACRA easily.

4. The accounting service agencies in Singapore should use relevant GST enabled accounting software and tools to manipulate all accounting tasks of client’s firm. Make sure accounting software is licensed and verified too.

5. You should also confirm about charges of account outsourcing services at the genuine accounting service firms in Singapore too and choose the right agency, which charges reasonably for accounting services as per industry norms.

Thus, you are advised to check with all above things before outsourcing accounting works to any accounting service providers in Singapore wisely.