As part of its core professional accounting services, AccountingService.com.sg, one of the leading accounting firms in Singapore, is all set to manage the accounts receivable aspect of businesses.
February 18, 2014 (Newswire.com) - The management of accounts receivable is one of the most critical tasks of a business which requires time, manpower and resources. In fact, any form of negligence in handling this vital aspect of a company's finances could potentially result in losses. Basically, it is the process of efficiently retrieving the payments of customers who purchase the goods & services from a company, in a stipulated time period. Since, such a task requires personnel and experience, more and more small & medium sized firms are outsourcing it. Therefore, to meet this growing need of Singapore businesses, AccountingService.com.sg adds the services of accounts receivable to its esteemed range of Singapore accounting services.
"The reputation of a specialist Singapore accounting firm has provided a huge thrust to our efforts to explore other aspects of accounting which so far have not been paid due attention to. It is no coincidence that majority of accounting firms Singapore do not offer such services because companies uptil now used to prefer handling such tasks in-house. However, the increasing complexities of today's business coupled with the rising costs have prompted businesses to outsource such needs to accounts services providers like us," said the business head of AccountingService.com.sg.
Primarily, the accounts receivable services offered by AccountingService.com.sg, the leading accounting & accountant services provider in Singapore, are as follows:
• Maintaining the company's invoices, bills and statements.
• Initiating the electronic billing process
• Monitoring the collections
• Managing the processing of payments
Moreover, the policy of the firm to strictly adhere to the Singapore Accounting Standards in the provision of accounting services further enhances its reputation as a trustworthy accounting firm in Singapore.
AccountingService.com.sg is a renowned accounting firm in Singapore which caters to the holistic accounting needs of the businesses. In addition to its services of accounts receivable, the firm also offers compilation of financial statements, bank reconciliations, maintenance of balance sheet & general ledger and many more. It is worth mentioning that the firm's expertise is not just limited to accounting domain but also stretch to other areas such as Singapore company incorporation, taxation, auditing, corporate secretarial, payroll and Singapore immigration visa services.