60 Paya Lebar Road #07-54 Paya Lebar Square Singapore 409051 +65 9270 0934 enquiry@jwc.com.sg

Blog - Bookkeeping

Home Blog

Why Bookkeeping is so important for businesses ?

One of the key benefits of outsourcing accounting and bookkeeping services is that it eliminates the need of having internal accounting functions. That means as a business, you’ll save on the costs and time taken related to employing staff such as salaries, benefits, payroll taxes, recruitment, and training.

The Benefits Of Automating And Outsourcing Bookkeeping System & Services :

No time wasted – Automating and outsourcing would save you a lot of time as you would not have to enter any      data or numbers manually and rely on the automated process.

A cheaper alternative – Manual bookkeeping comes with an added cost such as possibly paying another      person to enter all the data manually, it may also take a longer time.

Avoid mistakes – Although well-rested, mistakes still can occur when entering bookkeeping data manually.      Automating your bookkeeping services can help to resolve this issue.

Avoid misinterpretation – Due to the number of invoices and handwritten notes, misinterpretation of data is      can likely occur which is something that should be avoided while bookkeeping.

When bookkeeping and data entry is carried out properly, you can generate impeccable financial reports that can help your business to :

Avoid tax penalties as a result of an erroneous declaration of income statement;

Evaluate expenses and implement cost control or cost-saving strategies;

Make strategic business decisions on investments, such as assets;

Determine the strength of the management; and

Acquire investment or loan.

Why engage JWC Accounts Services ?

Hiring a bookkeeper in Singapore can cost you more than $2,500 a month, but when you outsource your bookkeeping and accounting services to JWC, you’ll only incur a total monthly cost of approximately $750.

Despite the affordable bookkeeping fees, we can assure that we provide reliable, top-notch services. At the end of every financial year, you would have saved tens of thousands of dollars, all while keeping your accounts and financial records clean and straight.

The savings on such accounting expenditure can be channelled to other areas of your business, such as productivity of other departments.

What is JWC Bookkeeping Scope of Work ?

JWC provides you with a comprehensive range of accounting services to meet the needs of both start-ups and the more established Small and Medium Enterprises (SME). We have experienced accountants to prepare and compile your accounts and also provide different price packages to fit your different scope of services and your financial budget.

Get In Touch

60 Paya Lebar Road #07-54 Paya Lebar Square Singapore 409051

enquiry@jwc.com.sg

+65 9270 0934

© JWC Accounts & HR Services Pte Ltd - All Rights Reserved