Phone: +65 6909 3874 Address: 1 Scotts Road, #24-10, Shaw Centre, Singapore 228208
1 Accounting

Budget Preparation

 

 More small business owners and entrepreneurs are of not great concern about budgeting . They view annual budget confines the desire of business growth and limits the flexibility. However, they are wrong!

Here are three reasons:

  • It will help you avoid running out of money. If you’re like most entrepreneurs, you’ll fluctuate between a conservative reality and an aggressive dream state, which keeps you motivated and helps you inspire others. When you build your budget, start with expenses -this will keep you grounded and reduce your risk of running out of working capital.

  • It will help you to become a better manager. When done properly, budget can be extremely useful in testing and refining your ability to forecast and manage. You can deploy budgets to hold managers accountable or use budgeting to test whether the drivers of your business hold true. One simple way to start off is to set an annual budget with a set of key assumptions, then reforecast every quarter by updating the assumptions with the latest development

  • It will help you raise money. You will realise the importance of budgeting when you are raising fund from angel investors or institutional investors. One of the conditions of the investment requires the management to provide the investors with annual budget. Developing a company culture that tracks results to budget will help you meet and exceed the expectations of your investors.

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Why Choose Us?

  • Differentiated Financial Controller Services

    Some of our clients have their own accounting staff for daily accounting works. They engaged us as the finance manager to review their accounting and perform more technical accounting works including consolidation of accounts
  • Proper Accounting Set Up

    A proper setup at your financial accounting system is crucial to its future success. Don’t weigh it down with messy accounts, obsolete stocks, bad debts and poor documentation.
  • Business Processes Improvement

    We aim to improve your business processes through proper set up of accounting records, filing system, order to cash procedures and other internal controls.
  • Updated Compliance Need

    You need to aware of ever-changing Singapore Financial Accounting Standard, Compnies Act, Income Tax Law and IRAS tax incentives. We provide on time technical advices so that you can focus more on your business than on account.

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