Rikvin Provides Bookkeeping And Payroll Management 

Rikvin provides Singapore Company Registration service including securing your Singapore Employment Pass and Singapore EntrePass Visa for Singapore Business Migration.

by Moore Laura Friday, February 04, 2011
In Singapore Companies Act, companies registered in the city-state should keep books of accounts. Bookkeeping does not only help the company keep a record of its activities and determine its financial capacity. It also grants insights upon which sound decisions can be formulated.

Companies use bookkeeping for illumination. That is, to provide efficient financial management. In Singapore, it is also to comply with the requirement of filing an annual return. Rikvin has a team of dynamic accountants to assist companies in their accounting needs such as bookkeeping and payroll management.

“In engaging our Singapore bookkeeping services, we assign one account manager to work with a company in its accounting needs. This includes general ledger maintenance, accounts payable ledger maintenance, accounts receivable maintenance, bank reconciliation, and fixed assets ledge maintenance.”

Rikvin also aids in making financial analysis, management reporting, books cleanup, and financial statements and reports on monthly and quarterly basis, as well as year-end review.

Among the requirements prescribed by ACRA is the submission of financial statements in XBRL format. The same financial statements are presented before the company’s board in its Annual General Meeting. Among others, this encompasses Director’s Report and Director’s Statement, Balance Sheet, Profit and Loss Statement, Statement of Changes in Equity, Cash flow Statement, Independent Auditor’s Report, and Corresponding Notes to Financial Statements.

IRAS, too, requires unaudited and audited books of accounts comprising of estimated chargeable income and the resolutions made by the board during its annual general meeting.

“Our bookkeeping services encompass the preparation of financial statements which contain the report and statement of directors,” says Rikvin. The task of bookkeeping is daunting many companies resort to professional firms for this process to save resources.

Moving forward, as part of its accounting services, Rikvin also processes payroll accounts for companies. Singapore has a unique remuneration policy. The government does not impose a minimum wage for labor.

“The wages are disseminated on daily, weekly, bi-monthly or monthly basis relative to the stipulations on the contract of service a company maintains with its employees,” explains Say. With Rikvin, it can process even the most complex payroll account.

For instance, unwarranted deductions are not permitted. In some accounts, increment and overtime pay added on top of the basic pay. Plus, some employees qualify for Central Provident Fund.

Rikvin is a business process provider. Among the processes it specializes are immigration, Singapore company setup, nominee services, and chartered secretaryship.

About the Publisher:
Rikvin provides corporate solutions to investors and entrepreneurs in the local and abroad. Among its specializations are Singapore company registration, Singapore company setup and providing professional services relating to finances and administrative. Rikvin specializes in processing working visas and providing services such as nominee director, nominee shareholder, nominee agents, accounting, payroll, and secretarial.

Since 1995, Rikvin serves hundreds of companies managing and rendering Singapore accounting service using sophisticated payroll software system to handle even the most complicated payroll account. In its payroll services, Rikvin assures its clients of confidence in dealing with every transaction. Its accountants maintain competence. Above all, Rikvin’s principles adhere to the laws and share the same vision such as the inevitability of innovation. Rikvin has successfully helped foreign and local entrepreneurs form a Singapore company.

Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions.

For more information, visit:
Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436
Email : info@rikvin.com
Website: http://www.rikvin.com/

Rikvin provides Singapore Company Registration service including securing your Singapore Employment Pass and Singapore EntrePass Visa for Singapore Business Migration.

0    submitted by Moore Laura
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