We understand that Company start-ups need some time before they are ready to commence trading, generate revenues, and find the right administration/accounting staff. We also recognize that international clients setting up new ventures in Singapore are generally unfamiliar with local bookkeeping practice, employment regulations and employee-related tax matters. In this regard, we provide customised financial management, monthly accounting and payroll services to help you out until you find your feet, without creating a dependency. Once you are ready to “go it alone”, we are happy to provide training to your new accounting staff for a seamless handover and continuation of the accounting systems we have implemented. Free up your time and save on the cost of a full-time accounting staff by outsourcing your monthly accounting and payroll functions to Aspri Associates. Our qualified accountants are equipped to oversee your Company’s monthly accounting financial management and HR/Payroll matters:
- Data entry using your in-house systems
- Trade debtor and creditor reconciliation
- Checking of payments and receipts against bank statements and cheque book
- Bank Reconciliation on monthly basis
- Checking and analysis of petty cash and staff claims
- Accurate and relevant monthly financial reports
- Profit or Loss Statement and Balance Sheet and supporting schedules
- Submission of monthly report according to deadline set by client’s management team
- Activation of CPF account (one time)
- Set up of payroll system on your chosen payroll software
- Payroll computation and preparation of electronic payslips
- Timely submission of CPF & SDL payments
- Completing IR8A forms (employee earnings statement under Company), or application for auto inclusion scheme with IRAS
- Activation of Employment Pass Online account & Work Permit online
- account Maintenance of Employee Permanent files Tax clearance for
- foreigners (ex-residents), i.e. completion/submission of Form IR21
