A business comprises of many factors. It has different branches and various aspects to look after. The main aim of any business is profit. Since you need to consider several factors often it happens that you miss out paying attention to main issues. Administration in any company is very necessary. Also you may not have skilled accountants and your accounting details are blocked. You may have to pay more attention to other factors. Your company all of a sudden may face employment crisis. However, you cannot keep your work pending and need to continue business dealings. In such situations services are available that handle corporate secretarial administration and accounting services.
If your company is based at Singapore, then you will find many agencies that provide corporate secretarial services and accounting services as well. Now-a-days you need fast results and quick output. At present scenario, most works are computer based rather than manual labor. These agencies also provide maximum output in less time. However, before you appoint such agencies you should consider certain points. These include the following:
- The agency should be reputed one and have been providing with the service for at least more than a decade. Employees of the agency should be skilled and experienced so that they are able to understand the working system of your company is less time.
- The agency should be registered with ACRA or Accounting and Corporate Regulatory Authority. If you are signing a service contract with an agency that provides accounting services, then the agency should be able to provide that in accordance to Singapore Financial Reporting Standards.
- Don’t forget to ask about the fee they charge for the work. Usually agencies charge huge amounts for corporate secretarial services. Still, you should only sign up contracts with agencies that charge reasonable fees. If necessary you can negotiate the amount, as long as you can have a reputed agency providing these very crucial services.
- You should also find out information about the reputation of any agency before you sign a contract with them. Since your company will be providing the agency with all details of accounting book and administrative papers, they should be trustworthy and assure you that they are not going to disclose any information to any third parties without your explicit consent.
- Before signing on any agency, go through the agreement papers and documents of the agency carefully. You cannot afford to face any trouble for overlooking clauses mentioned in those, later on.
So, if you feel like you don’t have sufficient time to look after accounting details of your company, then you should hand over the work to agencies providing corporate secretarial services. Singapore city has many such agencies.
Are you searching for agencies providing accounting services Singapore and corporate secretarial services Singapore based companies should contact Budget Accounts Pte Ltd.