Compilation of Unaudited Financial Statements Compilation

Because Every Number Matters – Let’s Get It Right Together.

During the preparation of unaudited financial statements, inexperienced handling can lead to errors like misclassification of accounts, overlooked adjustments, or incomplete disclosures, resulting in non-compliance with Singapore’s accounting regulations. Avoid these pitfalls by relying on experts who ensure your reports are error-free and submission-ready.

Why Outsourcing Payroll Services?

Managing payroll in-house is time-consuming and complex, especially when compliance is critical. Mistakes in payroll can result in penalties, dissatisfaction, and unnecessary stress. Relying solely on in-house teams or hiring excessive admin staff can strain your business further. Outsourcing payroll to our experienced professionals allows you to:

Preparing financial statements can be tedious and time-consuming, especially without expertise.

Ensure Compliance:

Reduce Risk of Errors

Our Payroll Services

Accurate Preparation of Financial Statements:

Categorizing transactions accurately under the right accounts (e.g., revenue, expenses, assets, and liabilities).

Ensuring the data reflects your business’s true financial standing.

Preparing schedules and supporting documents, such as depreciation schedules and fixed asset registers, to back up the figures in your reports.

Compliance with Local Regulations

Ensuring reports follow the Singapore Financial Reporting Standards (SFRS).

Filing annual returns and financial statements on time as per ACRA’s requirements.

Including required disclosures, such as related-party transactions, share capital details, and contingent liabilities.

Detailed Analysis and Adjustments

Performing reconciliations for bank accounts, receivables, and payables to ensure all figures match supporting documents.

Identifying and correcting errors such as duplicate entries, misclassifications, or missing expenses.

Making necessary adjustments for accruals, prepayments, and depreciation of assets.

DO YOU KNOW?

Non-compliance can be costly:

Misstating assets or liabilities in unaudited financial statements can result in rejection by ACRA and unnecessary penalties.

Many new business owners overlook required disclosures, which are critical for compliant reporting.