In Singapore, we can
general group of Accounting firm into “Top Tier”. “Mid-tier” and “bottom tier”
of Accounting Firm.
Generally, those top
tier Accounting Firm are those with 35 employees and above. Mid-tier Accounting Firm are those with 11-34
employees. Bottom tier are those with
less than 10 employees.
Top Tier Accounting
Firms are typically serving clients with larger business
operation. Mid-ties Accounting Firms are
serving SME and bottom tier Accounting firms are servicing small businesses.
Many of the mid-ties
Accounting firm has becoming the leading Accounting Firm because Singapore
landscape is primarily consists of SME (Small Medium Enterprise). These mid-tier accounting firm is having
opportunity to serve diverse industries and network with tremendous number of
organisations. Thus, watch some day,
some of those mid-tier Accounting Firm to become the upcoming leading
Accounting Firm.
How to choose from Best Accounting Firms in Singapore?
In recent history, it
has been a trend whereby businesses is outsourcing their accounting function to
Accounting Firm in Singapore This completely make
sense because it is not only much more costs effective, but Accounting Firm
also deliver significant technically expertise to the clients.
However, it is always a
challenge to engage the best Accounting Firm.
While a good Accounting Firm can partner the client, and scale new
height, a bad Accounting Firm can affect the business efficiency. Thus, it is critical to engage the best
Accounting Firm.
What made of Best
Accounting Firm? This is a very
judgemental questions. Big organisation
would think a big Accounting Firm would be the best Accounting firm as they
have the resources to deliver, and small organisation would think a small
Accounting Firm would be the best because they are more flexible. While each of them have their merit in their
perception of the Best Accounting Firm, the general traits of the best
Accounting Firm would be Responsible, Responses and Reliable.
One of the Accounting
Firm in Singapore carry such traits is Accounting Consultancy Pte Ltd. They have been servicing a diverse profile of
clients ranging from airline agencies, Automotive, Educational, food
industries, freight forwarders, hardware, interior design, Insurance Agencies,
Investment holding, IT Industries, MCST Accounts and many more. Their key value of the Firm are exactly
Responsible, Responses and Reliable.
In today context, it is
undoubtedly essential for businesses to partner with an Accounting Firm in
order to excel in any business venture.
On the same token, it is paramount to work with the best Accounting Firm
so as to gain synergy.
Find The Reliable Part Time Accountant in Singapore
Many SME in Singapore
engage part-time accountants to manage their accounts. Some name those part-time accountants as
“freelance accountant”. Businesses
choose to hire part-time accountants because it is much more expensive to hire
a full-time accountants considering that there are mandatory employees benefits,
leave, retirement funds, etc.
Furthermore, full-time accountants tends to resign (and leave for a
slightly better job) after a short period of time; part-time accountants tend
to be more committed to stay longer.
Usually, part-time
accountants (i.e. freelance accountants) has limited experience and exposure
because they are only handling a handful of clients. With limited clients, there will be limited
exposure. With limited exposure, there
will be limited experience. They are
good at what they are currently doing day to day. Any sudden changes or unusual event may grip
them with surprises.
Sometimes, businesses
engage Accounting Firm to be their part-time accountants. The Accounting Firm might send a staff to
visit the client office on weekly or monthly basis (depending on the scope of
work) to close theclients. Typically, monthly management
reports (i.e. Profit & loss statements, Balance Sheet, General Ledger, Bank
reconciliation, Accounting Schedules etc.) will be generated and delivered to
the clients. This will help the client
to steer and manage the business. Accounting service Singapore es a lot of technical knowledge as they
have more resources and serving more clients.
Furthermore, they are able to provide consultancy advice to the clients
with regards to the financials, operation and management of the business.
Thus, when looking for
a reliable part-time accountants in Singapore, it is wise to consider looking
for an Accounting Firm to be your part-time Accountant.
