Accounting Services

Overview

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We offer a suite of accounting services and up-to-date software that assists in organizing financial data and management reports, in a manner which caters and adapts to the needs of business owners, hence contributing to the strategic decision-making process.

Performed by a team of trained professionals, companies are assured that their accounting needs are met in a timely manner. In line with the Singapore Accounting Standards and Companies Act, we present services of high caliber and authenticity for both individuals and companies.

Computerized accounting framework setup

Our team implements a computerized accounting software in organizing the financial data, in a manner which customizes the chart of account to cater and adapt to the needs of business owners.

Accounting services on monthly, quarterly and annual tenures

All companies registered in Singapore are required to keep proper books of accounts according to the Singapore Accounting Standards and Companies Act.

Our team is trained and equipped to ensure clients have access to timely and accurate financial information to remain competitive in today’s business world.

Our services include:

  • Data entries
  • General ledger maintenance
  • Accounts payable ledger maintenance
  • Accounts receivable ledger maintenance
  • Fixed asset ledger maintenance
  • Bank reconciliation
  • Balance sheet schedules
  • Cash flow
  • Generating of balance sheet
  • Generating of profit and loss
  • Preparation of management reports

Analytical reviews of management reports

Companies with in house admin clerk or accounts assistant may engage us to review the accounts prepared internally to ensure that the information is prepared accurately.

Our services include:

  • Reviewing of general ledger
  • Reviewing of goods and services tax
  • Providing adjustment journal entries to rectify the accounts

Payroll Services

Employers are liable to pay their employees within 7 days after the end of the salary period, in accordance to the Employment Act. Payroll calculation can be complicated and time consuming once it involves benefits, allowances, deductions etc.

Our services include:

  • Computing the salaries based on the following:
    • Allowances, overtimes, benefits, payment for work done on a rest day etc.
    • Deductions such as absence from work, unpaid leave, early termination etc.
  • Calculation of annual leave entitlement
  • Preparing and submitting of NS claim
  • Issuing of IR8A form for personal tax filing
  • Submitting details of employees’ employment income to IRAS under the Auto- Inclusive Scheme (AIS)
  • CPF calculation and submission

CPF Calculation and submission

As an employer, you are obliged to pay the CPF contribution for all employees under the Central Provident Fund Act.

Our services include:

  • Applying the CPF submission number (CSN) for new employer
  • Inform CPF Board of any changes in the company or employees’ particulars
  • Computation and submission of CPF contribution for Singapore citizen on the different age group and salary range.
  • Computation of CPF contribution for Singapore permanent resident on the different CPF rates for the initial 2 years of residency.
  • Computing the various contribution to agencies such as SDL, CDAC, MBMF, ECF and SINDA
  • Facilitating the process of CPF refunds
  • Facilitating the process of CPF audit

Miscellaneous accounting related tasks

Companies may face unexpected circumstances such as staff shortage or key account staff on long leave. Our team is able to provide value add services to bridge that temporary gap.

Our services include:

  • Issuing of cheques
  • Filling up of government survey forms
  • Administrative support

 

What We Offer:

Quick Contact

For assistance, please contact us:

Tel: +65 6533 1730
Fax:
+65 6535 3892
Email: contact@tessamanagement.com
Address:
38 North Canal Road Singapore 059294