Bookkeeping and Accounting Services in Singapore

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Doing It the Modern Way

At PushDigits we understand that Singapore is a vital link in international commerce, technology, and transhipping. This region’s most modern city is virtually uncontested as Southeast Asia’s most important economic hub. Businesses appreciate that it is obsessively clean, safe, environmentally aware, and law-abiding.

Since Singapore is already home to 7,000+ international Head Offices, many new companies and international corporations are targeting Singapore as “the place” to be starting a new business, and it is a wise choice.

The labour force is well-developed; the infrastructure is excellent. The trains and subways are spotless; almost everyone lives in fine, modern apartments; the fast Internet reaches 99% of the population; and personal vehicles are unnecessary because the transit system is so remarkably efficient, which benefits management, workers, and the environment.

The Better Way

The experts here at PushDigits have been professional international accountants for more than two decades providing bookkeeping and accounting services in Singapore. This is vitally important to Singapore-based businesses because they deal with so many secular companies in so many varied jurisdictions.

Navigating the complicated rules of commerce and business reporting is what we do best. Our whole purpose is to help you solve problems specifically if you want to outsource bookkeeping of your company! We come from diverse backgrounds and cultures and this means we have an incredibly broad array of experiences to share with you.

PushDigits invites you to join the modern revolution in business. You’ll see that contemporary entrepreneurs are shedding the traditional-office strategies of having a discrete, private, and poorly-utilised accounting and bookkeeping department. Smart people realise that Accounting as a Service (AaaS) is available at only a fraction of the cost of an internal staff.

New offices shouldn’t spend capital reinventing the wheel! These services already exist at PushDigits , ready to handle the data, interpret results, and provide daily reports to guide your business to pithy, thoughtful decisions. Smart businesses rely on PushDigits for complete privacy, security, accuracy, reliability, and best of all, for economy.

Saving Money

Ask yourself: Why pay rent for pointless office space, air-conditioning, desks, computers, and phones? Why should you undertake salaries, training costs, travel expenses, holiday-pay, sick days, benefit plans, coffee, tea, & snack services, or water-coolers? All of these needless monthly costs steal development capital away from your company, limiting and slowing its growth potential!

By using an external Accounting and Bookkeeping provider like PushDigits , it frees you to work on building your business instead of fussing with the day-to-day details. AaaS provides everything your own department could provide, but at 60-90% lower total cost! In this modern world no company needs to have their own exclusive accounting department anymore.

How does it work?

We have more than 50 professionally trained accountants, dozens of service representatives, and our experienced Corporate Partners. They all work together to assure that every account-holder receives top-quality, professional service, at every step through their journey.

The secret is that no company needs continuous service. A single Chief Accountant can manage the books for several companies. We pay our experts very well because they do so much faultless, beautiful work; when you handle many companies’ accounts, you can stay busy all the time.

We love our digits and mathematicians hate to be idle, so staying busy keeps us happy. The above average salaries for our accountants are supported by several companies each, which is why our rates are so much lower!

Key Elements of Accounting & Bookkeeping Service

  • Chart of Accounts setup
  • Business transactions recoding as per Accounting Principals such as sales, purchases, journals
  • Allocation of payments & receipts to outstanding customer and supplier invoices
  • Reconciliation and matching of payments and receipts with bank statements and/or credit card statements
  • Daily/Weekly/Monthly Bank reconciliation statement (BRS)
  • Preparation and finalization of year-end working papers, year-end journals, accruals, prepayments, depreciations etc. to ensure timely completion of external audit
  • General ledger reconciliation
  • Accounts receivables reconciliation
  • Accounts payables reconciliation
  • Management of Aged Receivables
  • Management of Aged Creditors
  • Preparation and presentation of monthly financial reports which includes income statement, balance sheet, cashflows statements, notes to the accounts, expenses ledgers, operational and financial ratios and many more
  • Monthly review of your accounts by a qualified Chartered Accountant
  • Payroll management
  • Preparation, review, and processing of salaries, advances, final settlement etc.
  • Coordinating with internal and external auditors
  • Year end audit adjustments recommended by internal and/or external auditors
  • Co-ordination with your accounts department in case of partially outsourced accounting service
  • Budget setup in your system and actual vs budget analysis (if requested)
  • Break-even analysis (if requested)
  • Cashflows projections (if requested)
  • Data file backup and storage
  • Bank level security
  • And of course, fantastic customer serve

Layoffs Not Required!

And, if you already have an accounting department, you don’t have to layoff or fire anyone! We can take over the tasks by attrition. As people retire, or move on to new positions, instead of making new hires, you simply transfer their workload to us. That way to you keep your loyal, familiar, trustworthy people around, but have the incredible resources and skills of PushDigits to back them up and support them.

Always Available

We do not bill you for wanting to talk to us! Our support staff is available all day, every day, and all year long. You can call us directly, and if your personal accountant isn’t immediately available, we guarantee that we will get back to you within 30 minutes.

Do you want to talk face-to-face with our representative? Our private and encrypted video-conferencing software lets you do that from the comfort of your own office! You can share documents with our rep right on your screen, or share desktops and whiteboards to underline, sketch, or highlight important items.

This is not the accounting service from your grandfather’s time! It is modern, fast, efficient, and ready to serve you whenever you need it.

Free Software and Free Training

We can use your existing software, but if you are just starting out, or want to upgrade to superior software, we will get you set up and running very quickly, and make sure your staff knows how to use the programmes. Plus the online tutorials are always available to refresh someone’s memory upon need. We are authorized distributors and partners with over a dozen world-class accounting software companies which allows us to setup your systems, provide trainings, and resolve any issues you face I future.

Regular Reporting

You can receive your daily reports, weekly summaries, month-end reports, quarterlies, semi-annuals, and annual reports just by looking in your IN-Box. They can be delivered to whomever you designate as authorised to receive them. We are here to make your job easier, not harder.

Meeting the Needs of Your Business

Every company is different. We will custom tailor the programme to suit the way that you conduct business. You’ll be connected to your bank through the system to automatically download statements; you’ll be able to download e‑documents such as bills, payables, and receivables. We’ll do what it takes to make sure the information you need is at your fingertips!

Transparency & Integrity

Singapore is the envy of most world business centres. With the massive amounts of capital moving in and out of the country, as well as being exchanged between businesses, the national government has created laws and guidelines to assure that transactions are conducted transparently.

International oversight agencies and companies have concluded that Singapore is the least corrupt place to conduct business anywhere in the world. All participants play by the same rules and those caught cheating are heavily penalised, so it just doesn’t happen. We’re proud to be part of that integrity!

The Takeaway

It is time to join the modern revolution; it is time to entrust you accounting and bookkeeping needs to the professionals that other companies around the world have relied on for decades!

It is time you stopped wasting capital by duplicating effort, and having departments that are overstaffed just so they will be available for those occasional busy times. With PushDigits you will have exactly the service level you need, exactly when you need it.

If it’s busy, we assign more people; if it’s slow, we redeploy them for other tasks, keeping your costs in check and under control! Let’s make this decade the one where you take a bite out of your overhead costs. Let’s make this the decade where you excel!

Call us today, and let us show you what a big difference we can make. We would love to hear from you!