The Process of Accounting
- Establish a proper register for the fixed assets
- Establish a proper register for inventory and other smaller items whose significance can’t be overlooked
- Proper recording of all business transactions
- Carefully monitoring the content of all the supporting documents and records
- Eliminating any existing errors while recording business transactions in books of account
- Providing records with business claims and write-offs while taking into consideration the Singapore legislation
- Providing material accounting and audited records
- Proper calculation of daily allowances, mileage and other sensitive expenses if any
- Organization of the support documentation for orders, invoices and recurrent expenses
- Correcting miscalculation of salaries and other forms of remuneration and determination of dummy expenses
- Monitoring of production accounts and inventory records
- Guidance in formulating and adhering to the laid down accounting and reporting policies
The major task of an accounting consultant lies in all strategies and outcomes related to accounting. The excellent professional accountant usually have qualification in accounting, finance, business administration or any other related field.
The uniqueness with them is their ability to identify and attend conferences throughout the world which create an impact and add value to your business.
In conclusion, the consultants of accounting service providers will help you to assess whether you have selected proper accounting policies, the system of accounting you are using, bookkeeping documents, consolidated financial statements, information management and the internal monitoring system.
If you are looking for accounting and its related services in Singapore, then feel free to take a look at what J Accounting Services have to offer you.
