our services
Accounting Services
 Why outsource to Exes? It is cost efficient, hassle free, and you’d never miss deadlines.
Outsourcing your accounting and administrative function to Exes, allows you to focus on strategic issues to stay competitive. You no longer worry about HR issues, fixed overheads (e.g. salary, recruitment and training cost, staff benefits), or even software obsolescence and system downtime. There is also no need for you to keep up with the changes in accounting standards. Let us handle the routine and mundane tasks while providing the timely and essential information you need for strategic planning.
What’s more, we provide professional advice and timely delivery of accounts, with total client confidentiality at competitive rates. This helps reduce cost and allows you to concentrate on your operations, thus translating to increased productivity and efficiency.
We offer a comprehensive range of services that are often customised according to client’s needs. Hundreds of clients from SMEs to MNCs across many industry verticals rely on us to provide accounting services in these areas:
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Routine Accounting
We go beyond the routine book-keeping, and is perfect for SMEs, start ups, and branch offices of foreign companies.
For SMES: Our personalised service offerings can deliver assistance on compliance issues like GST-related matters, and even analysis of a company’s financial position.
For start ups: We can help set up accounting systems, procedures and policies according to your business environment.
For branch offices of foreign companies: We essentially become your outsourced accounts department. This ensures timely submission of financial reports to your head office, and we will also highlight variance and key performance indicators to the local General Manager.
Our approach:
- Review and understand client’s document process flow, information system, and reporting needs
- Customise report formats according to client’s needs
- Plan a schedule to meet submission deadline/s
- Adopt a systematic and cost effective process that starts from data entry to completion of accounts
Our services include:
- Set up of proper accounting systems, accounting procedures and policies
- Accounting-related administrative services like preparation of payment vouchers, provision of cheque signatory, bank in and filing of cheques.
- Preparation of financial reports and schedules as follows:
- Monthly financial statement inclusive of:
- Profit and loss statement
- Balance sheet
- Trial balance
- Fixed assets schedule
- Bank reconciliation
- Sales and cost of sales matching analysis
- Cash flow forecast
- Profit and loss statements by project
- Departmental reports
- Variance reports
- GST returns submission
- Highlights on key performance indicators
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Ad Hoc Accounting
Exes has the resources to respond at short notice to attend to ad-hoc assignment as well as urgent accounting work. Some services we offer:
- Clear ‘messy’ accounts and backlog
- Take over the accounting function on a short-term and temporary basis, normally when the company is in the process of restructuring or when the accounts department is under-staffed due to unforeseen circumstances
- Prepare financial statements to meet deadlines imposed by ACRA, IRAS or financial institutions
- Reconstruct accounts from incomplete record
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Transaction Processing
Our team who is in charge of transaction processing is trained and experienced to take over part of the accounting function (e.g. Accounts Payable function from the client). We adopt a systematic approach towards every client, breaking the process into a few stages to improve efficiency and accuracy:
- Sort and organize the documents
- Understanding client work flow and our scope of work
- Define objectives and area of high risk of making error
- Data entry
- Quality review
Our dedicated and experienced team will ensure accurate and efficient processing. We will take away headaches caused by staff turnover and cost of maintaining such staff, so that you can focus on core business activities.
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Financial Advisory
 As businesses grow, they need the expertise of an experienced financial advisor to offer insight on their company’s financial health, business risk, and overall performance. To hire such an expert full time may not be operationally and financially viable for SMEs.
That is why Exes offers a range of advisory services to strengthen our client’s operational and financial functions, alert them of possible problems as well as identify opportunities to improve business profitability. You may engage us on a permanent, part-time or periodic, or ad-hoc basis depending on your needs.
We provide:
- Financial statement analysis
- Management reporting
- Operations review
- Business planning
- Financial projections and variances analysis
- Review of key performance indicators
- Cash flow management
- Loan restructuring
- Business valuation
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Compilation of Financial Report
 The process of compiling and filing your financial report is a very tedious one, and we can help take the load off your shoulders. Even in the case* where your company is exempt from audit and filing requirements, you are still required to prepare a full set of financial statements including explanatory notes, accompanied by the directors' report and the statement by directors, and prepared in compliance with the Financial Reporting Standards ("FRS").
At Exes, we take efforts to keep up to date with changes to the FRS, ensuring that our clients are in compliance with the standards. And you can be assured that any financial reports and statements are compiled with professional competence and due care.
*Your company may be exempted from an audit if:
- It is a Exempt Private Company ("EPC"), which means no corporate shareholder in the company and the number of shareholders in the company is not more than 20.
- Annual revenue of the company does not exceed S$5 million for financial years starting on and after 1 June 2004.
- Shareholders who represent 5% or more of a company's ordinary shares do not request for an audit.
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Preparation of Financial Statements in XBRL
 The Accounting & Corporate Regulatory Authority (ACRA) implemented a new filing requirement for Singapore incorporated companies to file their financial statements in XBRL (or eXtensible Business Reporting Language) format with effect from 1 November 2007. XBRL is an open standard used in computers to present financial statements such that they can be retrieved from online records and transferred directly to users such as auditors, regulators, financial analysts for various purposes.
Learn more about XBRL.
ACRA believes that the use of XBRL will provide more value-added financial information and enhance the regulatory environment with improved transparency and timely dissemination of relevant financial information. Before 1 November 2007, all financial statements were filed in PDF format.
Read more from ACRA.
What are your options?
Accountants of companies that are required to file financial statements now need to prepare the statements in XBRL so that the company’s corporate secretary can in turn file the statements in XBRL format with ACRA.
Directors of the companies are responsible of ensuring the correctness and accuracy of financial statements in XBRL format filed with ACRA. They are advised to check the information to be filed before authorising any parties to submit the information on behalf of the company to ACRA.
Companies can choose to get their staff to prepare the financial statements in XBRL format using ACRA’s FS Manager tool. Alternatively, you can engage our services to assist in the preparation.
The Exes advantage
Preparation of financial statements in XBRL requires some accounting knowledge and it is time-consuming. A company’s director will most often dedicate this task to a junior accounts personnel. The dilemma, however, is whether directors should spend extra time to check that: (1) the statements prepared in XBRL format and; (2) the XBRL filing, are both done correctly.
As such, outsourcing the preparation and filing to a professional accounting services firm like us will give directors the peace of mind in meeting the company's compliance needs. This enables directors and business owners to focus on business-critical operations and core activities without having to worry about the processes behind this requirement.
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Tax Compliance & Planning Services
 We assist our corporate and individual clients on all aspects of income tax and GST compliance. Our services include preparation of returns and computation as well as subsequent liaison with the tax authorities. We pride ourselves for delivering a professional yet personal touch in this service, as we need to understand our individual client’s background so as to claim for maximum relief.
For corporate clients, we apply our understanding of your company’s business to assist in tax planning and advise on tax implications of proposed transactions. Our tax compliance service is highly personalised and confidential. Our aim is to help you achieve the most favourable tax position while ensuring compliance.
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Company and Business Registration
 With more than 10 years of experience in providing company and business registration services, we are able to provide a comprehensive suite of services tailored to meet your needs. Our overseas associates can also help you incorporate your business in Hong Kong and Malaysia.
We are able to register the following types of set-ups:
- Private limited or limited company
- Sole-proprietor, partnership or limited liability partnership business
- Branch office of foreign company
- Representative office
Our qualified staff will be able to give professional advice on the appropriate corporate or business structure that is most suitable for you.
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Offshore Company Registration
 We assist in the registration of offshore companies in the British Virgin Islands and other tax haven countries. We also have available shelf companies that are registered in these countries. These offshore companies are normally used for international trading, investment holdings or joint venture purposes so that tax exposure due to profits or capital gains can be minimised or eliminated.
We offer corporate secretarial services to help you in regulatory compliance in these countries as well.
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here for more information about Offshore Companies. (PDF
Doc, 42kb)
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Corporate Secretarial Services
 We help you start off your business on the right foot, and ensure that it continues to meet ongoing statutory obligations. Our wealth of experience and in-depth technical knowledge enable us to address any issues or challenges that you face. By working with Exes, you can assess prompt, professional services at the most competitive rates. Entrepreneurs and managers can leave the regulatory compliance work to us, while they focus on what matters most—their business.
We offer a comprehensive list of services in these areas:
- Provision of a professional qualified person as company secretary
- Convene and attend board of directors and shareholders’ meeting
- Prepare minutes and resolutions of directors and shareholders
- Annual compliance work that includes the following:
- Prepare notice, agenda and minutes for annual general meeting
- Prepare and filing of necessary forms with the Registry of Companies and Business
- Custody and maintenance of statutory registers and minute book
- Send reminders on the filing deadline
- Make available the statutory registers and records for inspection by auditors or other persons designated by clients
- Striking names off from the ACRA
- Volunteer liquidation of company
- Provision of our address as registered office of your company, and redirection of mail to specified addresses provided by clients
- Nominee services where upon your request, we will act on your behalf as nominee. This includes acting as nominee director or shareholder to satisfy the statutory requirements.
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