As a small and growing outfit, VFS is quick to respond to the changing market landscape. With this agility, we can swiftly customise solutions in all aspects of accounting, providing our clients ease and convenience. Our scope of work is broadly classified under Accounting & Bookkeeping, Compilation of Financial Reports, Taxation, and Secretarial services.

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ACCOUNTING & BOOKKEEPING SERVICES

We provide both bookkeeping and accounting services. In general, bookkeeping refers to the systematic recording of a company’s business data or transactions in the general ledger. Accounting is much broader; it’s the system that analyses the data input from bookkeeping. Accounting services encompass the preparation, analysis, and interpretation of reports.

At VFS, we provide a full range of bookkeeping and accounting services that includes the following:

   - Account receivables and account payables listing
   - Preparation of trial balance, profit & loss statement and balance sheet,
   - Preparation of schedules & statement for auditing,
   - Liaison with auditors on requirements and queries,
   - Preparation of management accounts to directors and shareholders,
   - Bank reconciliation statements,
   - Management report consulting,
   - Human resource management such as payroll services.

Reasons you should engage us:

• Substantial cost savings
  By outsourcing your accounts department to us, you enjoy multiple cost savings like training and salaries. You need not be concerned about human resource issues too.
   
• Professional advice
  Once you engage us, we’d waste no time to get right down to business. With our extensive experience, we’re able to immediately offer you professional advice and sound solutions regardless of the industry you’re in.
   
• Prompt & efficient
  Because we’re so hands-on, you need not worry about missing important deadlines. We’re an efficient team fully committed to meeting your schedules and commitments.

COMPILATION OF FINANCIAL REPORTS

We provide compilation reports comprising the full set of financial statements that includes explanatory notes together with Directors' Report and the Statement by Directors that are in accordance with financial reporting standards. On top of these, VFS also offers income tax reporting services for businesses ranging from proprietorships and small and medium enterprises to multi-national corporations.


TAXATION SERVICES

VFS offers a range of tax compliance services including tax returns, computation, and submission to respective authorities. We also provide GST management and reporting services in accordance to Singapore accounting standards. Our services comprise the following:

   - Preparation and submission of Estimated Chargeable Income to IRAS
   - Tax returns, computation, and submission,
   - GST registration, de-registration, and quarterly GST returns,
   - GST and tax investigations,
   - Clearance of IRAS queries,
   - Submission of Form C/B/P/M, IR8A, etc.


SECRETARIAL SERVICES

On top of accounting services, we also value-add by providing a host of secretarial services for the convenience of our clients. The suite of services includes providing corporate secretarial advice, assisting in company registration and incorporation of companies, maintaining statutory requirements like company registers, administering board meetings, and other paper work like form filing procedures with the Accounting and Corporate Regulatory Authority (ACRA).

 BRANDING & DESIGN

VFS provides corporate branding services for clients from diverse industries. We assist companies in corporate identity design and implementation from logo development to retail identity; as well as marketing communications that encompass brochures and direct mailers.