CALL +65 6221 4733  Outside of SG? Call our Toll-Free num

Accounting Services in Singapore

Accounting Services Singapore by Paul Hype Page & Co

Timely and accurate financial information is crucial for a company to maintain a competitive advantage in today’s dynamic business environment. Paul Hype Page & Co, a public accounting firm, full practicing member of ICPAS, provide a full range of computerized accounting services and book-keeping services for our clients.

We are a Singapore certified public accounting company. Over the past 10 years, we have gained vast experience in accounting as well as auditing services.

Reporting Package to HQ

Time req. ~1 day
The Process

The process of preparing Reporting package to HQ unlike financial accounting, which produces annual reports mainly for external stakeholders. At Paul Hype Page , our reporting package provide management reports and accounts that provide accurate and timely financial and statistical information required by managers to make day-to-day and short-term decisions for an organization’s internal audiences such as department managers and the chief executive officer. These reports typically show the amount of available cash, sales revenue generated, amount of orders in hand, state of accounts payable and accounts receivable, outstanding debts, raw material and inventory, and may also include trend charts, variance analysis, and other statistics.

For Overseas holding company

This is especially useful for Overseas holding company who has a Asian regional office in Singapore and needs information to monitor and make strategic decision on their Asian Expansion.

Professional Chartered Accountant Firm

It is critical that the report is prepared by an independent third party professional chartered accountant firm to provide factual reporting to HQ

Monthly Accounting

Monthly Accounting Process:
1) Scope & Analysis

Scoping and understanding your business’s needs and wants

2) Fees & Agreements

Agreement on the fee and sign on service agreement (min 6 months $800 onward)

3) Monthly Procedures

Streamlining the monthly procedures in term of deliverable , deadline , reporting personnel and input from Client

4) Quarterly Meeting

Conduct quarterly meeting to understand client’s business and adhere to client’s requirements

5) Annual Audit & Tax Compliance

Assist client to complete yearly audit and tax compliance

Financial Planning & Budgeting

Scope for Financial Planning & Budgeting:

To assist SME structure and implement proper planning and budgeting practices in managing overall financial resources :

1) Drafting

Drafted engagement letter, detailing agreed customised scope, engagement structure, end-deliverables etc

2) Diagnosis

Conduct pre-project diagnosis, identify suitability and gaps prior to commencement

3) Past Financial Performance

Analyze past financial performance i.e. Revenue and cost components to develop insights on financial structures & trends

4) Insights

Integrate insights to initiate and structure SMEs’ budgeting process (i.e. Define requirements, Formulate strategies, Set timeline and responsibility etc)

5) Develop & Integrate

Develop and integrate customised templates (i.e. Income expenditure, cash, balance sheet etc), train personnel and build financial discipline to transfer knowledge on good planning and budgeting practices

6) Min of 3 Management Review Sessions

Conduct of at least 3 Management Review Sessions (E.g. Initiation, Analysis and Integration, Completion)

7) Implementation

Develop an implementation roadmap, highlighting objectives, action plans, required resources & personnel etc

 

Deliverable(s):
1) 30 Consultancy Hours minimum

A minimum of 30 consultancy hours (inclusive of at least 10 hours of face-to-face engagement)

  • ICV pre-qualified consultant must hold the opening and
    progress update/closing meetings
2) Reports

Project Report includes :

  • Project Objectives
  • Project Team
  • SME profile
  • Diagnosis of SME’s needs
  • Recommendations customized to SME’s needs
  • Implementation plan with proposed timeline, actions &
    deliverables

Click here to download Financial Planning & Budgeting sample file

Cash Flow & Working Capital Analysis

Scope for Cash Flow & Working Capital Analysis

To assist SME  identify, assess and address gaps in cash-flow
and working capital management :

1) Drafting

Drafted engagement letter, detailing agreed customised scope, engagement structure, end-deliverables etc

2) Diagnosis

Conduct pre-project diagnosis, identify suitability and gaps prior to commencement

3) Financial Drivers & Gaps

Identify and map out financial drivers and gaps (i.e. Cash conversion/ AP-AR cycle, ratio analysis – flows, debt, assets etc)

4) Areas of Improvements

Address areas for improvement and/or introduce new measures to narrow gaps (i.e. Revenue, costs, profits, liquidity etc)

5) Integrate Proposed Measures

Assist SME to integrate and apply proposed measures (i.e. Develop cash-flow budget, Re-structure processes to manage profitability, Implementation of SOPs etc)

6) Min of 3 Management Review Sessions

Conduct of at least 3 Management Review Sessions (E.g. Initiation, Analysis and Integration, Completion)

7) Implementation

Develop an implementation road map, highlighting objectives, action plans, required resources & personnel etc

Deliverable(s)
1) 30 Consultancy Hours minimum

A minimum of 30 consultancy hours (inclusive of at least 10 hours of face-to-face engagement)

  • ICV pre-qualified consultant must hold the opening and
    progress update/closing meetings
2) Reports

Project Report includes :

  • Project Objectives
  • Project Team
  • SME profile
  • Diagnosis of SME’s needs
  • Recommendations customized to SME’s needs
  • Implementation plan with proposed timeline, actions &
    deliverables

Click here to download Cash Flow & Working Capital Analysis Sample File

 

Accounts Consolidation

Business / Investment away from HQ

Do you have business or investment away from your headquarter or you are a corporation that comprise numerous companies bought along the way to create the current empires.

Consolidated Financial Statements

Without a consolidated financial statements provide a comprehensive overview of a company’s operations. Without them, management or shareholder would not have an idea of how well an enterprise as a whole is doing.The financial statement reflects the financial results for all the entities it bought as well as the original assets of the company.

Financial Health of an Enterprise

Our Consolidated financial statements services give a more accurate picture of the financial health of an enterprise because the individual accounting reports from the subsidiaries do not show up the financial problems all the time. Our independent service is to assist you to prevent your subsidiaries from hiding their losses and liabilities.

 

Paul Hype Page Consolidation services are as follow:

Consolidation Adjustments for Subsidiaries
  •   Add across
  •   Fair value adjustment / purchase price allocation
  •   Goodwill on consolidation
  •   Non-controlling interests
  •   Pre-acquisition and post-acquisition reserves
  •   Inter-company transactions and unrealised profits/losses
Consolidation Adjustments for Associates
  •   Adjustments from cost to equity accounting
  •   Direct associate
  •   Indirect associate

 

Other Scope of Accounting Services

Paul Hype & Page Co. provide professional accounting and bookkeeping services.

Singapore, Leading Accountancy Hub

By 2020, Singapore is aiming to be the global leader as the accountancy hub in Asia-Pacific region. Yes, Singapore has a vision to be the centre of accountancy talents, thought leaders, professional entrepreneurs, among others.

Growth Possibilities

The dynamic Asia-Pacific market is continuing to grow and foreign demands for expert accountancy services as well as talents are in the rise. Singapore, which lies in the heat of the Asia-Pacific region, is perfectly suitable to ride along with the growth possibilities that seem to open up in the accountancy sector.

Professional Accountants

If you are looking for a professional freelance bookkeeping as well as accounting services to take care of your company’s accounts and year end filing, then you may want to hire one of our expert freelance accountants for your business.

Other Scope of Services
  • Professional accounting services provided on monthly, quarterly and annual basis.
  • Full set of accounts (financial statement, profit and loss account, balance sheet, bank reconciliations, trade debtors and trade creditors listing).
  • Preparation of cash-flow statements, budgets, financial plans and forecasts.
  • Group consolidation and preparation of annual report
  • Bank and other account reconciliation and audit schedules
  • Accounts Payable (AP) processing & administrative duties (like preparation of payments vouchers, provision of cheque signatory, banking on of cheque and filing)
  • Preparation of financial statements for business, sole-proprietor, partnership, SME, management corporation, MNC, enterprise, entrepreneur and company
  • Compilation of accounts for strike off / dissolution purposes & tax clearance
  • XBRL filing of Annual Returns
  • Set up proper accounting systems
  • Accounting software review, accounting system selection and implementation
  • Payroll services
  • General account filing, preparation and process control
  • Management Reporting
  • Manual accounting services
    Partial as well as full accounting services
    Weekly, monthly, quarterly, yearly financial statement preparation
    GST filling
    Tax filing and tax computation
  • Compilation of accounts for strike off / dissolution purposes & tax clearance

Paul Hype Page & Co, a public accounting firm, full practicing member. We specializes in meeting the basis to complex accounting and accounting-related requirements of businesses in Singapore.

Accounting Services

Paul and Hype Page Co. could be your next one-stop solution provider for incorporating as well as operating your business in Singapore, just as it was for several hundred SMEs such as Exempt Private Limited Companies or Private Limited Companies (Pte Ltd) in the past.

We provide your business an expert team of professionals such as tax consultants, lawyers, accountants, company secretaries, and immigration experts who are deeply familiar with Singapore’s legal entities and regulatory framework too.

Accounting process

1) scoping and understanding your business’s needs and wants

2) agree on the fee and sign on service agreement (min 6 months $800 onward)

3) streamline the monthly procedures in term of deliverable , deadline , reporting personnel and input from Client

4) conduct quarterly meeting to understand client’s business and adhere to client’s requirements

5) assist client to complete yearly audit and tax compliance

Depending upon your business requirements, we can partner with your internal accountant, bookkeeper, business advisor, controller, or sometimes, the entire Finance and Accounting department.

If you require professional, affordable and accurate accounting services for small business, Paul Hype Page & co. is the right choice.

If you want an instance access to our FREE consultation for your company registration, accounting and corporate secretarial services, tax planning, and business loans application, contact us here or drop us an email at contact@paulhypepage.com

Need to seek Professional Help?

For Further Questions , Do call us at +65 62214711

Customer
Testimonials
H9 Capital Pte Ltd
— Harry Naing

Working with Paul Hype Page & Co. has been very straightforward and simple. They guided us through every step of the incorporation process, ensuring we could progress quickly and …