Steps to Choose Accountant in Singapore

Charles Darwin’s theory ‘Survival of the fittest’ is apt in business scenario. A business is survived when it is fittest among all. There are innumerable roles one has to perform in order to run a company starting from scheduling meetings with clients and attending them, promoting company’s name, looking into production and quality of services, and handling HR and payroll. One of the mandatory functions is to manage accounts and bookkeeping. It is necessary to keep a proper record of the financial transactions of a running business. Instead of taking the responsibility of looking into accounts as well when the hands are already full with other ‘goodies’, it is a wise decision to take help of professional accountants who are more qualified and can keep account books in good shape. This step ensures more quality time spent in making effective strategies for the growth and development of the company. There is innumerable accounting services providers in Singapore, but who to choose is a big question. There are certain qualities to be looked for when appointing a Singapore accountant.

•  Does the Singapore accountant cover the services you require?While hunting for assisting hands for Singapore accounting services, select those who are able to handle all your accounts requirements. For example, who can keep a track on income, expenses liabilities and assets. You can rely on those who can willingly involve themselves in your business planning and can honestly guide you for tax planning. Those, who prepare cash flow statements and financial plans, who review and implement accounting system, those who facilitate auditing that includes preparation and management of financial statements, looking for bank reconciliation and group consolidation and making annual reports.

• Is the Singapore accountant authentic and genuine?
  Check the authenticity before selecting a Singapore accountant than to regret later. Ask for the number, how long he or she has been in the market? How many clients served? Get the feedback from existing clients, and what is the quality of work provided? Carry the qualifications check thoroughly at your end. 

• Is the Singapore accountant accessible whenever required?Look for the accessibility and availability of your Singapore accounting services provider whenever there is a need to do so. The accounts manager should be responsible to sort you’re your queries whenever there is an issue and should work with you with equal devotion. He should promptly answer all the emails and phone calls forwarded by you.

• Is the Singapore accountant cost efficient?
  The Singapore accountant should furnish a concise and clean quote for the services he has provided. There should be transparency involved in billing. There should be no hidden cost involved for the services. 

•  Does the Singapore accountant provide sincere and honest advice?The accountant should not only look after your accounting needs but should provide you a clear picture of the financial health of your business, which in turn will give you the opportunity to plan for your business accordingly.