ACCOUNTING SERVICES
Our Professional Accounting Services Protect Your Business Reputation
Maintaining proper bookkeeping and accounting records is every company’s responsibility in Singapore. Companies trust us at BoardRoom to handle this mandatory requirement to keep in compliance with the regulatory authorities. With our team of certified chartered accountants and professionals, you can expect exceptional outsourced accounting services guided by best practices. BoardRoom Business Solutions is a XeroTM Gold Partner.
Why Choose BoardRoom?
Because we help take your business further, faster, at all stages
BoardRoom is Asia-Pacific’s leader in Corporate and Advisory Services including Regional Employee Plan Services, Regional Payroll Services, Corporate Secretarial Services, Share Registry Services, Accounting and Taxation Services, Payroll Outsourcing, and Human Resource Outsourcing.
For over 50 years, we have supported companies in navigating through complex operational and regulatory policies and cultural sensibilities. We are well-positioned in Asia-Pacific with offices in Singapore, Australia, China, Hong Kong, and Malaysia, as well as an extensive partner network throughout Asia.
BoardRoom is the partner of choice for many Fortune 500 multinational companies, public listed and privately owned enterprises.
Frequently Asked Questions (FAQs)
1. How can accounting services help my business?
Whether you run a small business or a multinational corporation, every business can benefit from some sort of accounting services.
Accounting can help your business succeed by giving you insights into the overall financial health of your company, offering a precise report of your cash flow, demonstrating opportunities for growth and keeping you organised and accurate when filing your taxes.
2. How does outsourced bookkeeping work?
When you outsource your bookkeeping, you will have to grant your vendor full access to your company’s financial information. Some companies prefer to grant vendors a “read-only” access to ensure no external parties have access to company’s funds. In general, outsourced bookkeeping should be digitalized for ease of convenience.
Outsourcing your bookkeeping can look different depending on your business’s size and needs. Smaller businesses typically outsource their bookkeeping to a local Certified Public Accountant (“CPA”), while larger corporations outsource their accounting to larger firms like BoardRoom. When you outsource your bookkeeping the firm you have outsourced to will typically handle all your taxation requirements such as tax strategy, tax preparation and tax filing.
3. What is included in accounting/bookkeeping services?
This will vary depending on the bookkeeping firm, but typically accounting agencies will offer tax strategy, tax preparation, and tax filing services.
If you are looking for a service that is all-encompassing, you should also seek an accounting service that offers payroll processing, account reconciliations, financial strategising, and more.
4. What do companies look for in an accounting firm?
What you should look for in an accounting firm will depend on the size and complexity of your business’s needs.
If you run a smaller business and simply need some help filing taxes, then ask family and friends for a trustworthy recommendation for a CPA. Make sure that they have the necessary licenses and certifications.
If you run a larger company and need something more sophisticated, it is recommended to examine the firm’s scope of service, as well as their experience and their accounting tools.
5. When do I outsource accounting management?
There is no “perfect” time to outsource accounting management, but as a business owner, it would be ideal to start your business with your accounting services already established.
Having said that, it is also quite common for companies to outgrow their small accounting solutions and seek more scale-friendly alternatives.
6. Where do I get professional accounting services?
BoardRoom is Asia-Pacific’s leader in professional services including Accounting and Taxation Services, Payroll Outsourcing, and Human Resource Outsourcing.
For over 50 years, we have supported companies in navigating through complex operational and regulatory policies and cultural sensibilities. We are well-positioned in Asia-Pacific with offices in Singapore, Australia, China, Hong Kong, and Malaysia, as well as an extensive partner network throughout Asia.
BoardRoom is the partner of choice for many Fortune 500 multinational companies, public listed and privately owned enterprises.
If you are looking to outsource your accounting, kindly contact us today.
7. Why do businesses need accurate bookkeeping?
If you run a business, it is crucial for you to keep track of your business’s finances. This means tracking your profits and losses, as well as filing your taxes correctly and timely, and ensuring that your business is compliant with current tax regulations.
8. What are the top accounting software?
While there are many accounting software options, we prefer a solution that supports businesses of all shapes and sizes, which is why we are proud to hold Gold Partner status with Xero™.
Xero™ cloud-based software is an ideal choice for its streamlined interface as well as its simple integration with payment services such as Stripe, Paypal, and traditional banks. Xero™ also supports multiple currencies and offers robust financial reporting.
9. How can BoardRoom help in accounting services?
Here at BoardRoom, we have been helping companies across Asia and Australia with their bookkeeping and accounting services. Our experienced professionals are committed to filing your taxes and keeping your business tax compliant.