How to Choose a Reputable Accounting Firm in Singapore.
It is always advisable to look for an accounting firm to help you with some accounting services, since they have the right skills and expertise for the job. If you search on the internet for accounting firms based in Singapore, it will give you several options to choose from, which can make the whole process challenging. All accounting firms are not the same, some will offer you better services compared to others. How do you choose the right accounting firm? Here is a guide.
It is advisable to work with an accounting firm that is fully licensed by the state. If the accounting firm for whichever reason is not licensed, look for another alternative. Does the accounting firm have membership to any reputable organizations in this industry?
Various firms offer different accounting services, such as book keeping, auditing services and many more. Ensure the firm you have settled for specializes in the services that you need. If you check on the firm’s website, you can get such details.
It is important you check the duration of time the firm has been offering the accounting services. Avoid dealing with an accounting firm that is new in this industry, since they lack experience they will end up practicing with you. The accounting firm has mastered and perfected its skills over the years. By searching on the internet you can know the number of years of experience the firm has.
Does the accounting firm have any references? A reputable accounting firm should not have a problem giving you their reference list. When you call the firm past clients, ask them if the firm completed the job on time, if the job was done as per their expectation and many more. If most of the feedback you are getting about the firm is positive, you can go ahead and deal with the firm.
What kind of reputation has the accounting firm built in the market over the years? Go through the website of the firm and read the testimonies posted by past clients. It is important you check for reviews from trusted sources online. If you find several complaints about the accounting firm, that is a red flag and its best you avoid dealing with the firm.
What budget have you set aside for the accounting services? Some accounting firms will charge you more for their services as compared to others. It is important you work with quotes from different firms, then choose one that within your budget.
Does the accounting firm operate from your area? It is advisable you choose an accounting firm that is close to your business premises. If the accounting firm is based near you, you can easily go to the firm’s offices when it is necessary.