In Singapore, it is a must that every registered company must keep proper books of account of its operations. This is stipulated and mandated by Singapore Companies Act, the law that governs corporations in the country.

Good bookkeeping and proper accounting does not only make the business operations of a company more efficient, but it is a great contribution to making the filing and submission of annual returns much easier. It also strengthens the reputation of a company as it shows efficiency in financial management.

Rikvin, with its wide team of expert and efficient accountants, offers a wide range of accounting services for corporations who wish to outsource the responsibility of handling their books of accounts.

Upon engagement of Rikvin's Bookkeeping Service, an accounts manager will immediately be assigned to your company who will personally work with you on your business accounting needs.

The accounts manager will then ask you to regularly provide him your financial documents such as purchase and sales orders, bank statements, etc., and based on these documents, the personal accounts manager will proceed to review and organize all information submitted to him in order to create your accounts ledger. Aside from this, the accounts manager can also draft your financial statements in accordance with the Financial Reporting Standards (FSR). Your personal accounts manager can also assist you in monitoring statutory compliance issues keep you informed of all the accounts reports.

Rikvin's Bookkeeping Service is very exhaustive and cost efficient. This Bookkeeping Service includes the following accounting services: General Ledger Maintenance, Accounts Payable Ledger Maintenance, Accounts Receivable Maintenance, Bank Reconciliation, Fixed Assets Ledger Maintenance, Cash Flow / Budgeting, Financial Statements & Reports Monthly, Quarterly, Year-End Review, Books Cleanup, Management Reporting, and Financial Analysis.

Aside from Bookkeeping Services, Rikvin also offers assistance on Goods and Services Tax (GST) registration and filing, Payroll preparation, and Personal Income Taxfiling.

GST is a value added tax levied upon goods and services. The Singapore government requires every company involved in the business of providing goods and services and has an income of more than S$1 million must register with the GST comptroller of GST. But a company that does not earn at least S$1 million may still voluntarily register his company with the GST comptroller. Moreover, Rikvin can make assessments as to the impact of GST registration on the company and its clients. Based on such assessment, Rikvin can give adequate advice as to the optimum GST filing cycle.

Payroll Preparation is also one of the services being offered by Rikvin. In this way, a company's payroll ledger may be created and maintained by Rikvin, thus lessening the responsibility burden from the company.

Rikvin also specializes in Tax filing and payment. Their professional accountants can also take care of the tax obligations of residents and non-residents doing business in Singapore. Through this wide array of services offered by Rikvin, your accounting needs are safely catered to and thus making it more convenient for you to conduct your business in Singapore.