Advantages of Accounting Services Software in Singapore:
- Able to know daily sales performance
- Know total money collected from customers
- Know updated Bank/Cash balance after each updates
- Able to monitor and track trade debtors aging performance
- Able to control and monitor expenses
- Able to know the business financial position
- Use the financial statements to guide you make better strategies and expand the business
- Over-come cash flow failure in start-up stage
- Ready to move to next growth stage with confidence.
Benefits of Singapore Start-ups Companies using Accounting Services Software:
As an entrepreneur your main focus is the core activities of sales, production and distribution during business hours to grow your business profitability. It is important to manage cash flow to avoid business failure.
With accounting services software, it brings about many benefits for you. You can do the basic administrative tasks at any-time and any-where as long as you have internet access. Common software accounting matters include:
- Prepare invoices to your customers.
- Collect money from your customers.
- Using Excel format, you can manage expenses and control the cash flow movements.
- File documents in an easy method for quick retrieval.
- Access to Sales analysis reports by dates and customers
- Access to Debtors aging report to chase for money.
- Access to Creditors aging report to plan for payments.
- Access to Profit and Loss statement
At J Accounting Services, we do offer our clients with software accounting services for both new startups firm as well as existing company. Accounting services software for bookkeeping purposes are available too.
Benefits of doing Bookkeeping with Accounting Services Software provided by J Accounting:
- Available for accounting and financial advices
- Accounting software provides you access to track invoices, monitor if you have received money from customers, print trade debts aging reports and sales analysis reports
- As your service provider, we setup of the system for you – opening balances in General Ledger, Debtor and Creditor accounts
- The accounting services software is able to automatically checks, allocates accounts codes, pass journals
- We prepare the accounts on an accrual basis according to Singapore Financial Reporting Standard (FRS). However, if cash basis is deemed more appropriate, we will do so according to your situation.
- We prepares Goods and Service Tax report (GST), submit Form 5 to IRAS, and submit yearly Estimated Chargeable Income (ECI) within 3 months after the end of the financial year to Inland Revenue Authority of Singapore (IRAS)
- Submit approved Company Financial Statements to Company Secretary for submission to Accounting and Corporate Regulatory Authority (ACRA) within 6 months after the end of the financial year
At J Accounting Services in Singapore, we encourage companies to take up accounting services software. This not only increase your efficiency but also brings about greater effectiveness for your business as a whole. Contact us here for more information.
