Rikvin Offers Singapore Bookkeeping Service 

A Company that have a complete benefits that help foreign and local entrepreneurs setting their own business in Singapore.

by William Ullmann Thursday, December 30, 2010
Bookkeeping is the basic function of accounting. It is the process of recording the company’s financial transactions. Accountants classify, report, and analyze the financial data entered into the company’s accounting books.

The information must be accurate, and the data must be balanced so investors would understand how the company stands. From the financial statements, investors may implement business initiatives such as expansion or enhancing marketing strategies.

“Investors need to know the financial health of their companies. There might be an instance of clients having arrears or outstanding balances on the company’s line of credit,” comments Say Hun, impressing that keeping accurate records is an efficient tool in managing the cash flow. Bookkeeping does not only provide concrete information on how and where revenues are accumulated. It also marks the direction of cash flow.

“Banks and other financial institutions would require seeing a company’s financial data before approving any financing or loan applications,” Says Say Hun on some of the inevitable applications of keeping financial statements, “outsourcing of business capital seeks organized and accurate accounting books.

Taxes are another application of bookkeeping. By accurately accounting the company’s revenues, the tax authorities would know the range of taxation it levies upon the company. In Singapore where Say Hun serves as a business specialist, IRAS, the tax authorities, require the filing of financial statements including the Form C, comprehensive income statement, cash flow, and director’s report, within six months before the company’s Annual General Meeting is held. After the meeting, the company is required to submit its annual return with ACRA.

“Private limited companies and subsidiary offices are required to have their books audited by an auditor or auditors the company appointed three months from its incorporation in Singapore,” Hun resumes her discussion, implying that most companies would benefit to outsource their accounting function.

Rikvin enlists Singapore accounting service as among its corporate solutions. Its team of accountants is dynamic and versatile, being able to deliver satisfactorily the requirements of its clients.

“We assist companies in drafting their financial statements both in PDF and XBRL formats, whichever is required of them,” Say Hun claims. Having served as a business consultant of Rikvin, she takes pride in Rikvin’s accountants consistently seeking to enhance their accounting skills through trainings. They are also taught about the latest software in accounting.

Outsourcing the accounting services enables the company to concentrate on their core responsibilities, particularly, in enhancing their productivity levels. They save time, resources, and manpower.

Rikvin also provides company registration service and application of labor passes for employees and investors. Located at the heart of Singapore, Rikvin marvels at helping businessmen achieve their goals.

About the Publisher:
Rikvin provides corporate solutions to investors and entrepreneurs in the local and abroad. Among its specializations are Singapore company registration and business firm and providing professional services relating to finances and administrative. Rikvin specializes in processing working visas and providing services such as nominee director, nominee shareholder, nominee agents, accounting, payroll, and secretarial.

Since 1995, Rikvin serves hundreds of companies managing and rendering Singapore accounting service using sophisticated payroll software system to handle even the most complicated payroll account. In its payroll services, Rikvin assures its clients of confidence in dealing with every transaction. Its accountants maintain competence. Above all, Rikvin’s principles adhere to the laws and share the same vision such as the inevitability of innovation. Rikvin has successfully helped foreign and local entrepreneurs form a Singapore company.

Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions.

For more information, visit:
Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436
Email : info@rikvin.com
Website: http://www.rikvin.com/

Rikvin provides Singapore Company Registration service including securing your Singapore Employment Pass and Singapore EntrePass Visa for Singapore Business Migration.

General | Categories: financial, business
0    submitted by William Ullmann
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