Efficient Way of Maintaining Your Books of Accounts

In today’s competitive time, companies are not able to focus on their books of accounts as it is very frustrating and time consuming job. Hiring bookkeeping services is beneficial to you as it costs you lower around 50% of the amount that you will do it yourself. So, hiring bookkeeping services allows you to focus on your core competencies like sales, marketing, management and strategic planning etc. Here are some services provided by bookkeeping services Singapore which are mentioned below:

Services provided by bookkeeping Services Company

1.       Bank Reconciliation- They performs comparison of your internal bank transaction records with bank statement in order to know any discrepancies.

2.       Profit and loss statement- Generating profit and loss statement that shows the profit or loss after a particular period with expenses and income.

3.       Cash flow management- manages your cash flow to make sure that you have cash when you need it. It is very critical part of any business.

4.       Financial reporting and analysis- provide you key information about finance of your business about how the finance is used in the business.

5.       Account payable and Receivable- Identify money that you own to suppliers and your customer that own the money to you.

6.     Credit control- Create system for controlling credit like giving credit to client, credit application, collection and follow up procedures.

7.       Financial insights- They provide you some financial insight about inventory, credit and income and sales to improve your business.

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Prepare HR Structure for Organizations

In today’s competitive environment, companies are demanding excellence in their HR functions. Only through best HR advisory firms the objective of serving the customer best can be possible. HR solutions support in designing management with wide range of organizational issues. Here are some HR solutions are provided by the HR advisory Singapore which is mentioned below:

HR services by HR advisory Singapore

1.       Determining the HR philosophy and strategy

2.       Designing organization structure including Key roles of company through HR expert

3.       Developing HR policies

4.       Set up of HRIS and personnel files

5.       Recruiting and training HR staff

6.       Development key process- Recruiting new staff, new hire orientation and KRA settings

7.       Developing collateral for branding and recruiting

8.       Developing performance management systems

9.       Ensuring compliance to legal requirements related to HR process

HR advisory services take care of your all work related with HR and helps you in developing a trained team of HR experts. HR advisory are best suited to the starts up organization where they need to set up the best HR team for their organization. HR advisory help them to develop, train and promote the HR team for their organization. The basic Work of the HR advisory is to prepare a workforce of HR to handle the work related to HR team.

For more information please visit our website or call at +65 6873 0911.

Improves Your Employees Related Work

If you are stuck with concentrating on the payroll management of the workforce and not getting time to the core competencies of the company, you should look for payroll outsourcing for your company and there are some services provided by payroll outsourcing Singapore which is mentioned below:

Service offered by payroll outsourcing companies

Ø  Employee self services that includes online technology for viewing employees salary slip, decide FBP, Submit IT declaration and submit query

Ø  Online access to view or print salary slip

Ø  Automated attendance and leave import/export solution

Ø  Web based leave solution

Ø  Reimbursement management

Ø  Replace excel to web based payroll processing, F & F, Reports generations, E- Chillan generation and reimbursement

Benefits of payroll outsourcing

Ø  Fast turnaround

Ø  Assistance through entire life cycle of the employee from recruitment to exit

Ø  Streamlining of payroll processes

Ø  Reduce investment in IT infrastructure

Ø  Well thought resource deployment

Ø  Strict adherence to statutory requirements and compliance

Ø  Error free reporting and documentation

Ø  Solid business intelligence that lead to strategic initiative to top management

Ø  Low risk of legal penalties due to non compliance

Ø  Efficient and speedy resolution of the all employees issues

 

Payroll outsourcing removes a big tension from your mind and best part is that it will cost you lower than you were actually spending on it. That is why the most of the small and big firms look for payroll management outsourcing for their company.