Outsourcing Accounting Services are Cheaper than In-House Department
Yet another benefit offered by accounting firm in Singapore would be saving the space for in-house accounting department. The cost of the space maintenance along with the rent has also been saved. When you hire the accounting firm, you should ensure that the financial modeling of the company has been highly efficient.
Therefore, they would help in the overall prediction of the profits and saves the company from losses by highly efficient financial planning. The major reason would be due to it being a lot cheaper than an in-house accounting department. They would often take quarterly or monthly payments. The cost would be considerably less than maintaining the cost of department, salary of employees, and other employee benefits.