How many hats are you wearing today? Are you having headaches with recruiting and retention within your team? Backend functions are tedious and leave you little time to focus on tasks that bring money in like sales and marketing. It’s no surprise that outsourcing versus hiring a full-time employee saves you money too. Not only can you pay for the work you need, but you can also avoid typical employee expenses like benefits, central provident fund contributions, insurance, payroll taxes, paid leaves, etc. You will be pleased to know that our managed services can be tailored to your outsourcing needs. When you outsource to us, you save yourself the heavy distraction.
At Biz Square, you can choose to have the work done offsite, or if you are more comfortable not to have your records leaving your office, you can also choose to have our professionals work onsite in your office for some relatively transactional processes, such as accounts receivable, accounts payable, payroll accounting, or even rescue assignments for pending regulatory filings.
Our onsite services comprise the Finance operations and Human Resource functions. With us managing these backend operations, you can:
Generate sales invoices;Carry out regular credit control procedures; Prepare AR report.
Dedicated email inbox for staff claims and bills payments requests; Prepare payment via bank transfer; Cashflow planning; Prepare AP report.
Close month-end books according to your needs; Management reporting; Forecasting and Budgeting; Variance analysis.
Design new finance workflow to improve efficiency, if necessary; Manage your in-house finance executives; Ensure smooth operations in the finance team.
Maintain personnel file for employees; Leave management; Submit adhoc statutory claims, ie. maternity, child care, etc.
Process monthly payroll with payslips; Payroll payment via bank transfer; Prepare and file CPF and IR8A