Book-keeping & Accountancy
Accounting or Bookkeeping is the recording on a day-today basis of the financial transactions and information pertaining to a business and also keeps financial transactions accurate, up-to-date and comprehensive. Financial reporting is the process of producing the reports, called statements, that disclose an organization’s financial status to management, investors and the government.
We as your company’s Accountant will undertake the process of preparing management reports and accounts that provide accurate and timely financial and statistical information required by managers to make day-to-day and short-term decisions and is an essential part of any successful business.
Business owners need to be constantly aware of their profit and loss, receivables, payables and cash flow. It is a basic tool in any business to keep track of a business’s activity. This is why at The Number Crunchers we strive to provide prompt accounting services that give you a clear picture of your true financial position at any given point in time.
Two main reasons to outsource Accounting Services:
SME’s that fall into this category need to prioritise their plans for business expansion, growth, training, and research and development over administrative costs.Rather than recruit a in-house team of experienced accountants, or rely on one overworked employee, companies often find that it is more beneficial to outsource their accounting functions and benefit from having the assistance of an entire team of professionally accredited accountants.
Temporary shortfall in manpower
Singapore is famous for staffing related problems. Compounding that problem is existing staff taking leave or resigning and SME’s finding it difficult to replace staff for such an important function like accounting on an urgent notice. Even if replacement staff can be found, the company needs to give time for the new staff to come up to speed with the workings of the company and that takes time. SME’s needing un-interrupted accounting service cause their business depends on knowing their cashflow position will surely benefit from an outsourced team of professionally accredited accountants.