Outsourcing Secretarial and Accounting services in Singapore

by JS Ascension Accounting and Bookkeeping

Outsourcing Secretarial and Accounting services in Singapore

 

The best corporate secretarial services Singapore assists clients and their officials in effectively fulfilling their legal requirements. The knowledgeable and accommodating team will be delighted to answer any questions you may have regarding any of the above, as well as any additional company law-related issues that may come up.

Services offered by a company secretary:

 

Some of the services offered by the top corporate secretarial firms Singapore are:

 

• Incorporation of limited-by-shares, limited-guarantee, unlimited, and private businesses, as well as their conversions and re-conversions

• Changes, revisions, and additions to the Memorandum and Articles of Association, as well as to the names of the companies, their purposes, share capital, and the location of their registered offices

• Shares may be issued, combined or divided, transferred, transmitted, converted into stocks or warrants, issued as certificates of ownership, dematerialized, forfeited, etc.

• Changes to the compensation of directors, managers, company secretaries, compliance officers, secretaries who work full-time, auditors, cost auditors, sole selling agents, and others concerning their appointment, re-appointment, regularization, resignations, fixing, and revision of their pay.

• Procedures for board meetings and general meetings, including the formalities that must be followed before and after the meetings, such as giving notice and creating resolutions, etc.

• Compliance with the rules for the admission and expulsion of members, as well as the diversity of membership privileges.

• Annual reports and accounts are prepared, including the following: the balance sheet, the profit and loss account, the income and expenditure statement, the directors' report, the auditors' report, the corporate governance statement, the compliance certificate, the directors' report, and the chairman's statement, among others.

• Procedures for the formation, modification, and payment of charges, as well as their registration with the Registrar of Companies.

• Public deposits are requested, accepted, and renewed; deposits are repaid, and interest is paid.

• Methods for determining, declaring, and paying interim and final dividends, as well as managing unpaid and unclaimed dividends

 

Hiring a professional financial controller:

 

The operational aspects of running a business, which require skill in management, business strategy, bookkeeping, accounting, and finance - not just skills in marketing, engineering, consulting, or whatever it is that you do best, are often overlooked when an expert in any field sets out to open a business to provide a service or new product.

 

To help with the business-heavy aspects of operating a firm, clever business owners may put together strong teams of employees within their organizations.

 

Outsourcing a financial controller from the best accounting bookkeeping services is often one of the first specialists in bookkeeping and accounting to be brought on board to assist manage and supervising a company's finances.

 

A financial controller is often a member of senior management and is in charge of the accounting and bookkeeping division of a business. In addition to financial reporting, tax filing, compliance, internal controls, and helping the CFO with financial planning, they are in charge of the company's bookkeeping and accounting methods, processes, and system. 

 

In this situation, in addition to their responsibilities for managing operations, the controller may also be in charge of creating a long-term financial plan and interacting with investors.

 

The majority of new business owners make the error of believing that their accountant is in charge of overseeing the whole financial division of the company. As you now know, the controllers are responsible for managing and overseeing bookkeeping and accounting.

 

You are asking your accountant to perform the duties of a controller on your behalf if you rely on them to advise you on how to effectively set up your bookkeeping and accounting system, department, processes, and procedures as well as to verify that your processes are solid, secure, and well-managed.

 

 

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Created on Jul 11th 2022 01:28. Viewed 73 times.

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