Accounting and Payroll Services
Overview
Complete Corporate Services Pte Ltd is a recognised professional accounting and payroll outsourcing firm to more than 80 local and foreign-based companies. We currently serve a number of well-established international clients from countries including the United States, Australia, Europe, Hong Kong, Middle East and India.
Our professional service combines local expertise in Singapore labour laws, with a global perspective. Our goal is to provide the best, customer-focused payroll service to all our clients, whether it is for just one manager or 1,000 employees. We use only the best-of-class software packages and engage only full-time professionals to effectively perform the tasks and deliver timely and accurate financial statements, payroll statements, payroll information, claims and reimbursements.
Setting up of Accounting Procedures
Our professional staff will visit your office to discuss and ascertain requirements. We will review all relevant records including the existing accounting practices. Based on this review, we will design a system that is practicable and consistent with your business needs. If requested, we can also assist you in designing the necessary forms and accounting procedures.
A monthly financial reporting format properly tailored to management’s requirements will then be produced. This will include a detailed profit & loss statement, balance sheet, trial balance, payroll summary and other detailed listings such as debtors, creditors, etc.
Our involvement will ensure that proper filing and recording procedures are set up within the company. This includes the filing system for payment vouchers, sales invoices, suppliers’ invoices, etc. Simple manual registers for receipts, payments, sales and purchases are sometimes required based on the practical needs of the business.
Periodic Update and Maintenance of Your Accounting Records
Once your accounting procedures are set up, our professional staff will visit your office on a periodic basis. The frequency will depend on your requirements and the volume of transactions but usually the visit is on monthly intervals. The transactions as recorded and maintained will be input into our in-house computerised general ledger system which will produce the financial statements and all necessary listings on a timely basis. Our staff will also input the necessary journal adjustments such as provisions, accruals, prepayments and correction of errors, if any.
Payroll Administration
- Our professional staff can handle all aspects of payroll processing. The payroll services include:
- » Preparation of monthly payroll summary;
- » Preparation of pre-sealed pay-slips;
- » Submission and payments for CPF contributions; and
- » Preparation of annual Forms IR8A.
Advantages
It is important that you are able to concentrate on more pressing and strategic matters in developing your business. The routine accounting and payroll administration can be outsourced to us, and you will avoid the hassle of fixed overheads, staff turnover, training and absenteeism.
- Some of the advantages of outsourcing are as follows:
- » Cost-effective – At less than the cost of hiring a full-time officer
- » Additional confidentiality – You will feel assured that no financial information or payroll records or reports are found lying around in the office
- » Timely financial reporting/payroll run – You need not worry about delays when an officer is on urgent leave, resigns or when your financial/payroll software is giving problems
- » Improved workplace productivity – Valuable internal resources such as personnel, computer systems, peripherals and software programs are no longer tied up
- » A solution to headcount problems – Companies who employ contract/project employees and representative offices can also benefit from the convenience of this service