Accounting Services
Professional Accounting Solutions for Your Business
At JCP Trust Accounting, we provide a comprehensive range of professional accounting services tailored to meet the diverse needs of businesses in Singapore.
Our team of experienced accountants ensures your company maintains accurate and compliant financial records, essential for regulatory requirements by IRAS and ACRA. Our services are flexible and scalable, designed to support your business at every stage of growth.
Our experienced team of professional accountants ensures that your financial records are accurate, compliant, and insightful, helping you make informed decisions to drive your business forward.
Maintain accurate and compliant financial records with our tailored bookkeeping solutions.
Ensure clear and accurate financial representation for your multi-national operations.
Expertly compiled unaudited financial statements compliant with Singapore FRS.
Stay compliant with ACRA’s XBRL requirements with our comprehensive reporting services.
Cost-effective solutions to keep your dormant company compliant and ready to resume operations.
Proper bookkeeping is essential for maintaining the financial health and compliance of your business. At JCP Trust Accounting, we offer meticulous bookkeeping services, including:
- Monthly Bookkeeping
- Quarterly Bookkeeping
- Half-Yearly Bookkeeping
- Yearly Bookkeeping
- Ad-Hoc Bookkeeping and Administrative Support
Our bookkeeping services include general ledger maintenance, accounts payable and receivable management, bank reconciliation, fixed assets ledger maintenance, cash flow budgeting, and financial statements preparation.
For multinational corporations, accurate financial representation is crucial. Our consolidation accounts services ensure that the financial statements of parent companies and their subsidiaries are properly consolidated, providing a clear and comprehensive view of your financial performance.
Our Consolidation Accounts Services Include:
- Preparation of Consolidated Accounts
- Compliance with Local and International Accounting Standards
Ensure your financial statements are compliant and transparent. Let’s Talk and learn more about our consolidation services.
Most private limited companies in Singapore may be exempt from audits but still need to compile unaudited financial statements. Our services include:
- Compilation of Unaudited Financial Statements for Dormant Companies
- Compilation of Unaudited Financial Statements for Micro SMEs
- Compilation of Unaudited Financial Statements for Active Companies
We ensure compliance with Singapore Financial Reporting Standards (SFRS) and provide full accounting services to meet ACRA and IRAS requirements.
Since November 2007, ACRA mandates that companies file their financial statements in XBRL format. Our XBRL services ensure that your financial statements are accurately prepared and filed, enhancing transparency and compliance.
- Preparation of Full Set of Financial Statements in XBRL Format
- Preparation of Financial Highlights in XBRL
We will help your company stay compliant with all XBRL requirements.
The following types of companies are exempted from filing their full set of financial statements in XBRL format. Instead, they will file their financial statements in PDF with Financial Statements Highlights in XBRL format:
- Companies which are:
- Commercial Banks
- Merchant Banks
- Registered Insurers
- Finance Companies regulated by the Monetary Authority of Singapore
- Companies allowed by law to prepare accounts in accordance with accounting standards other than SFRS, SFRS for Small Entities, and IFRS (International Financial Reporting Standards)
- Solvent exempt private companies (EPCs) will continue to be exempted from filing their financial statements (FS) with ACRA.
- Companies which are:
Options for Insolvent EPCs:
- A full set of financial statements in XBRL format; or
- A full set of financial statements in PDF with Financial Statements Highlights in XBRL format.
Other Exemptions:
- Companies limited by guarantee will continue to file only their financial statements in PDF format to ACRA.
- Foreign companies and their local branches will also continue to file only their financial statements in PDF format to ACRA.
If your business is currently dormant, we offer cost-effective packages to help you maintain compliance without unnecessary expenses. Our services include the preparation of management accounts for annual return filing purposes.
Our Dormant Company Package Includes:
- Preparation of management account for Annual Return filing purposes
Got questions? We’ve got answers. Explore our FAQ section for quick and detailed responses to the most common inquiries about our services.
Our services encompass everything from everyday bookkeeping and accounting to complex financial reporting and tax compliance. We also offer payroll management, GST filing, and preparation of unaudited financial statements, all designed to keep your business financially robust and compliant.
Yes, startups may find great value in our flexible and scalable accounting solutions. We provide the financial foundation startups need to focus on growth and innovation, offering services that evolve with your business, such as auditing services and company registration.
First of all, you have an obligation to report your accounts to the government: that’s how your tax is calculated. Secondly, accounting is crucial for internal planning and management. Mistakes could be costly: the government will fine business owners for inaccurate reports. You will also probably base your evaluations and plans on the same numbers. So, making sure your accounting is accurate is crucial.
Singapore has its own system called Singapore Financial Reporting Standards (SFRS). It’s similar to IFRS and it’s accrual-based accounting. This means transactions are recognised when they occur and not when the money is paid. Outsourced accounting services in Singapore must comply with SFRS requirements.
Absolutely. We will have a meeting to understand the size of your business (number of employees, annual revenue), the industry you operate in, the complexity of your accounting needs (e.g., do you need payroll, inventory management, multi-currency support?), whether you prefer cloud-based or on-premise solutions, your budget for accounting software, so that we can advise you accordingly.
Absolutely. Our team ensures your financial statements are accurate, clear, and compliant with Singapore Financial Reporting Standards and international norms, ready for any stakeholder review or audit process.
Getting started is simple. Contact us via our website, phone, or email to schedule an initial consultation. We’ll discuss your needs and propose a customised accounting solution, guiding you through a seamless onboarding process once you decide to proceed.
We make the transition seamless on your end. We’ll get in touch directly with your current accounting service provider, take over all your financial documents, and audit them to make sure your company is compliant. We check necessary reports and migrate all your data. We offer ongoing advice about relevant tax exemptions, helping you navigate the tax system smartly. Now that your accounting is in good hands, you can focus on what you do best: running your business.
Why Accounting Services Are Essential for Your Business?
Ensure regulatory compliance, enhance financial accuracy, and improve financial management with professional accounting services. Save time, reduce costs, and facilitate business growth while supporting tax preparation and filing. Optimize your business operations today.
Why Choose JCP Trust Accounting?
- Experienced Professionals: Our team has extensive experience in providing top-notch accounting services.
- Customizable Solutions: We tailor our services to fit your specific business needs.
- Customer-Centric Approach: We prioritize integrity, honesty, and client satisfaction.
- Compliance and Accuracy: We ensure your financial records meet all regulatory requirements.
Ready to optimize your business with our professional accounting services?