Singapore’s Leading Accounting Firm

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.