The Importance of Accounting Services Towards Company
Accounting services are an important component of any business, as they provide the necessary financial information to make informed decisions and ensure that a company is operating effectively and efficiently. Some of the specific accounting services that a company may require include:
- Maintaining financial records and preparing financial statements
- Performing financial analysis to identify trends and potential problems
- Managing payroll and employee benefits
- Handling tax preparation and compliance
- Providing financial consulting and advice to management
- Auditing financial statements to ensure accuracy and compliance
Having access to accurate and reliable financial information is essential for businesses of all sizes, and outsourcing accounting services can be a cost-effective way to ensure that these tasks are performed efficiently and effectively.
Consequence of Not Having any Accountant in a Company
Not having an accountant or access to accounting services can have significant consequences for a company’s financial health and operations. Some of the potential consequences of not having an accountant in a company could include:
- Inaccurate or incomplete financial records, which can lead to poor decision-making and difficulties in tracking the financial performance of the business
- Difficulty preparing financial statements and complying with financial reporting requirements, which can result in legal problems and financial penalties
- Problems with payroll and employee benefits, which can lead to errors, delays, and employee dissatisfaction
- Inefficient tax preparation and compliance, which can result in errors, delays, and financial penalties
- Lack of financial guidance and consulting, which can lead to poor financial decision-making and a lack of strategic planning
Having access to an accountant or accounting services can help businesses to avoid these problems and ensure that their financial operations are running smoothly and efficiently.
List of Top 10 Accounting Services in Singapore:
| Firm | Services | Contact | URL |
| Easy Account | Audit & Assurance, Consulting, Deals, Tax | +65 6236 7777 | https://www.easyaccounts.com.sg/ |
| Nexia TS | Audit, Tax, Advisory | +65 6557 0700 | https://www.nexiats.com.sg/ |
| BDO Singapore | Audit, Tax, Advisory | +65 6222 5222 | https://www.bdo.com.sg/en-gb |
| Deloitte Singapore | Audit & Assurance, Consulting, Financial Advisory, Risk Advisory, Tax | +65 6586 3000 | https://www2.deloitte.com/sg/en.html |
| Grant Thornton Singapore | Audit, Tax, Advisory | +65 6220 8888 | https://www.grantthornton.sg/ |
| RSM Singapore | Audit, Tax, Advisory | +65 6222 3111 | https://www.rsm.global/singapore |
| Baker Tilly TFW Singapore | Audit, Tax, Advisory | +65 6222 8282 | https://www.bakertillytfw.com/ |
| Crowe Singapore | Audit, Tax, Advisory | +65 6496 6003 | https://www.crowe.com.sg/ |
| EY Singapore | Assurance, Consulting, Strategy & Transactions, Tax | +65 6225 7000 | https://www.ey.com/en_sg/home |
| KPMG Singapore | Audit, Tax, Advisory | +65 6303 7888 | https://home.kpmg/sg/en/home.html |
