Accounting & Financial Reporting

Finova provides practical accounting and financial reporting support to businesses, investment structures and family offices in Singapore and Hong Kong. We help clients maintain reliable books and records, meet recurring reporting requirements and obtain timely financial information for decision-making.

• Periodic bookkeeping and maintenance of accounting records
• Set-up and administration of accounting systems and chart of accounts
• Preparation of management accounts and reporting packs
• Preparation and consolidation of financial statements
• Coordination with auditors, tax advisers and other appointed service providers
• Customised reporting and workflow support based on the client’s operating model

We have good HR & payroll solutions that covers a wide range of services to help you improve the functionality of your business. Our scope of works include:

• Monthly payroll processing, including maintaining payroll registers, generate payslips and managing employees’ database
• Maintaining annual leave/medical leave records for employees in accordance with the employment contract(s) and relevant regulations in Singapore
• Submission of monthly employees’ contribution details to CPF Board via CPF e-submission
• Prepare and generate the Return of Employee’s Remuneration (“IR8A”) and submission of Employment Income under the Auto Inclusion Scheme (“AIS”)
• Assist with the prepartion and submission of form IR21 (tax clearance) for foreign employee

Our accounting advisory services address complex issues related to specific SFRS standards, assist in clearing backlogs and reconstruct accounts from incomplete records. We also specialize in rectifying prior year errors, ensuring your financial statements are accurate, compliant and up-to-date