Accounting & Taxation / Management Accounting

For Singapore incorporated companies, there are two main tax obligations need to be filed with Inland Revenue Authority of Singapore, namely the Corporate Income Tax (CIT) and Goods and Services Tax (GST).

SMEs in Singapore can either prepare these tax services done in-house with a full time Accountant or through a Tax Accountant that is outsourced to us that provide such tax services.

Royal Queen Services Pte Ltd has a pool of tax consultants that can provide any company incorporated in Singapore the necessary tax preparation and tax advisory services, at an economical cost with trustworthy services. Hence, enabling a smooth operation of your business.

Accounting & Taxation / Management Accounting

  • Management Accounting 
  • AR & Annual Tax Filing
  • Annual Financial Report 
  • Submission to government 
  • General Accounting Software  
  • CRM & ERP system software

 

HR Solutions, Training & Consultancy

  • Training & consultancy
  • WSQ certified courses
  • HR solutions Software
  • Provide Management Accounting services with corporate governor compliance for your business operation with the relevant authorities.

Management Accounting Service

The process of creating organization goals by identifying, measuring, analysing, interpreting and communicating information to managers is call management or managerial accounting.

Management accounting focuses on all accounting aimed at informing management about operational business metrics. It uses information relating to costs of products or services purchased by the company. Budgets are often used to quantify the decisions made in operational planning. Management accountants use performance reports to note variances between actual results from budgets.

The main difference between management accounting and financial accounting is financial accounting is the collection of accounting data to create financial statements, while management accounting is the internal processing used to account for business transactions.

Royal Queen Services Pte Ltd will prepare your business reports about your business operations that will help managers to make short-term and long-term decisions. We will assist you as a business owner to pursue your goals by identifying, measuring, analysing, interpreting, and communicating information to your management so that you can make a sound management decision:

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1. Prepare Forecasted Report About The Future

This will help you to answer questions like: Should you invest more in equipment? Should you diversify into different markets and regions? Should you buy another company? Management accounting helps answer important questions that can forecast future trends in business.

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2. Helping In Make-or-Buy Decisions

Data from managerial accounting empower decision-making at both an operational and strategic level.                             

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3. Forecasting Cash Flows

Estimating cash flows and the impact of cash flows on the business is essential. Creating budgets and Trend Charts for manager to decide on how to allocate money and resources to generate the projected revenue growth.

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4. Helping Manager to Understand Performance Variances

Performance differences in business are discrepancies between what was being forecasted and what was being attained. Using analytical techniques, management accounting help management build on positive variances and manage the negative ones.

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5. Analysing the Rate of Return

Understand and knowing the rate of return (ROR) is crucial to know before embarking on a project that requires a lot of investments. This will help you to understand the important questions when you are presented with two opportunities. The opportunity cost of doing one over the others and the number years a company will take to break even, cash flow issues, etc.
In general, management accounting provides critical information to empower management for making sound business decision operationally

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