Rikvin Offers Singapore Payroll Management and Bookkeeping Services 

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

by Micael Hanevss Tuesday, January 04, 2011
Being a payroll accountant is a serious career. One needs to be consistently efficient in using payroll systems, whether computerized or manual. There are flowcharts assigned for each type of system and for the control points employed with each one.

In today’s age and technology, accounting follows different policies and procedures for the principal function of accounting. In preparing the payroll account however, the accountant needs to consider factors such as remuneration, wages, back pay, reimbursements, salary adjustment, and other employee benefits such as allowance.

Singapore’s wages policy states that only authorized deductions shall take place. Say Hun of Rikvin cites these warranted deductions to be absence from work, salary loans and advances, payment for damage or loss of company goods and property, and employer-supplied accommodation.

“Wages are at least disseminated once a month,” says Say, “and there are other employees who receive bi-weekly, weekly, and bi-monthly salaries.”

Salaries can be paid in checks, cash, and bank transfer such as GIRO. “Some companies hire employees offshore and their remuneration is paid through web-based payment processors such as PayPal, Alert Pay, Xoom, and Liberty Reserve,” adds Hun.

Rikvin offers payroll management to companies in Singapore and beyond. For each client it accrues, it assigns an account manager who shall handle the organization, computation, and maintenance of payroll ledger as based on the documents submitted by the client company.

“We use the latest software technology in handling payroll accounts to ensure that even the most complicated account is processed with accuracy,” exclaims Say taking pride that Rikvin understands the need to possess the latest software and to be adept at using it.

In addition to Singapore payroll services, Rikvin also conducts another function of accounting, bookkeeping. Because bookkeeping is essential in preparing financial statements required by ACRA and IRAS, the accountants must be accurate and skilled.

Rikvin’s team of accountants is obliged to stay competitive and dynamic. One way of doing so is to upgrade their accounting skills and knowing how to use the latest software or adopt the newest format in accounting.

“Accountants of Rikvin handles Statement of Comprehensive Income, Balance Sheets, Cash Flow, and Director’s Report,” beams Hun in conclusion, emphasizing that most small and medium-scale enterprises find it beneficial to outsource Singapore bookkeeping services and payroll management functions because they can save time and resources while taking advantage of the latest software used in carrying out such tasks.
Other corporate solutions that Rikvin provides are company incorporation with packages such as Employment or Entrepreneur pass application or Nominee Director Service.

About the Publisher:
Rikvin provides corporate solutions to investors and entrepreneurs in the local and abroad. Among its specializations are Singapore company registration, Singapore company setup 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 Micael Hanevss
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