dentist

PROBLEMS

  • The client is running 2 dental clinics.
  • The generation of management accounts was not in timely mannerby previous accountants.
  • Right now, they need our accounting service in streamlining the accounting process and submission of quarterly GST to IRAS.

OUTSOURCED BOOKKEEPING/ACCOUNTING SERVICE OFFERED

  • We help to setup a new accounting system- Xero with proper accounting records in place.
  • We set up a cloud folder for client to submit their documents to us digitally instead of hard copies.
  • We reconcile their sales receipts (Cash, credit card, NETS, insurance, CHAS and Medisave) and company expenses and staff claims to bank statements to ensure the transaction and GST are entered correctly to Xero.
  • Review of monthly accounts and ensure the accounts are closed in order for correct GST submission to IRAS.
  • Monthly payroll services which we assist in the monthly payroll computation with salary, allowance, CPF & CDAC, together with submission of CPF and other statutory contribution to CPF Board.
  • Generation of yearly unaudited report and tax computation.

RESULTS

  • GST submission and management account is done on a timely manner and minimal error.
  • Our team adopts a pro-active approach to inform the clients on any shortcomings or areas to improve on their accounting and payroll aspect.
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