Outsourced Bookkeeping Service in Singapore
Bookkeeping is an essential part of any organization to run smoothly and in compliance with evolving tax laws. However, often business owners lack the time, focus, or training to perform the daily tasks of managing their financial records and statements on their own. This is where outsourced bookkeeping services come into play.
Here are few tips that help you select the right bookkeeping service for your company.
1.Choose a certified service provider
A professional bookkeeping service that’s certified must be the first and foremost requirement on your checklist. Not only does it ensure that you’re working with experts who bear credentials to do this job, but also saves you from handing over your bookkeeping functions to inexperienced or inefficient companies.
Therefore, choose an accounting or bookkeeping firm that’s a certified member of Association of Chartered Certified Accountants (ACCA), CIMA (Chartered Institute of Management Accountants) or ISCA (Institute of Singapore Chartered Accountants).
2. Check for accessibility
A business never sleeps, so it’s only logical to look for a reliable bookkeeping service provider who can respond to the need of the hour. For local companies, choosing a local service provider can provide a greater level of assurance. Similarly, if you’re a foreign company incorporated in Singapore, you may want to your outsource bookkeeping services to a professional accounting firm in Singapore like Bestar that operates 24/7.
3. Flexibility is important
Every business has unique requirements. Find out if a bookkeeping firm’s offerings are one-size-fits all or they provide monthly, quarterly, half-yearly, and yearly accounting services.
Plus, while some companies remain stable throughout the year, many go through seasonal fluctuations. This is why it’s important to hire an accounting bookkeeping service that offers customized services that can scale up or down according to your needs.
4. Resources to make informed decisions
With many bookkeeping service companies in business, it can be hard to find one that’s trustworthy. Therefore, it’s important to note whether a firm makes it easy for you to gather information about them. Do they have a credible and up-to-date website? Do they have reviews or testimonials from clients? Can they provide references to their previous clients? All of these factors add up to ensure you have enough info to make the right decision.
Besides these points, it’s also important to know if a firm providing professional bookkeeping service has access to the latest tools and best practices.
To sum it up, partnering with the right accounting services in Singapore is crucial and goes a long way to ensure your bookkeeping is done the right way. As a leading professional bookkeeping service in Singapore with a strong base of loyal clients, Bestar ticks off these boxes and more. Talk to our accounting experts to know how we help you identify the potential opportunities and risks in your business.