Accounting & Payroll Outsourcing Services
Outsourcing
of non-core business activities is increasingly gaining popularity
in Singapore. Businesses now recognise the importance of focusing on
core competencies, while tapping on our professional expertise.
Two of the more common areas for outsourcing are:
Accounting & Finance Outsourcing Services
- Setup of proper accounting systems, accounting policies and procedures in line with local accounting and regulatory requirements
- Perform accounting-related administrative services (e.g. sales & receipt cycle, payment cycle)
- Provide routine and ad-hoc routine financial reports such as departmental reports, variance reports, KPI highlights
- Prepare cash flow projections
- Goods & Services Tax (GST) compliance
- Corporate & Personal Tax compliance
- Special accounting assignments, including clearing of backlog accounts, expedite preparation of financial statements, IPOs, etc.
Payroll & HR Administration Outsourcing Services
Payroll administration
- Maintain payroll file for each employee
- Compute & disburse salary and reimbursements
- Provide printed or electronic pay advice (via internet)
- Process increments and bonuses
- Process claims from MINDEF (Ministry of Defence) for staff
on reservist training
- Prepare annual Form IR8A (with submission via IRASLine)
- Provide payroll reports for management’s review monthly & annually
HR Administration
- Leave administration
- Training administration
- Assistance in promotion / performance evaluation exercise
- Employment Pass / Work Permit application
- Staff insurance administration
Other Business Services
