Top Accounting Firms in Singapore
In every business, sector, and enterprise, accounting holds the major key in making its operation successful and the same applies to countries. Many businesses choose to use accounting firms as a resource. In essence, businesses trust these professional services because they help achieve financial objectives. As a result, in today’s StarInsights report, we’ve rounded up the top accounting firms in Singapore based on official Google ratings and reviews.
Market Overview of Accounting Firms
Accounting firms play a crucial role in the business world and economy as a whole. The accounting industry in Singapore is thriving and is considered one of the most competitive in Asia. Depending on your business needs, an accounting company can provide an array of services that an internal accountant may not have the skills (or bandwidth) for. Some essential responsibilities include:
- Tax planning & preparation
- Payroll & accurate bookkeeping
- Business valuation & development
With a growing demand for its services, a favourable business environment, a highly educated workforce, and a competitive market. These factors make Singapore an attractive location for accounting firms and a hub for high-quality accounting services in Asia.
Evidenced by the flourishing of accounting and auditing firms, the practice remains vital to both large and small organizations operating in the economy. The majority of businesses, therefore, fight to get the right accountant to take care of annual accounts and tax compliance. Since there are already plenty of accounting firms out there, it would be hard for anyone to pick up the right one straight away.
Picking The Best Accounting Firm For Your Business
Before hiring an accountant, one should conduct a thorough search, ask thoughtful questions of potential candidates, and screen the ones you think could be the right choice. So to narrow down the options, it’s critical to understand the notion of social proof in order to comprehend why client reviews and ratings are the primary sources that help in the evaluation process.
Online reviews are a valuable resource for companies looking to pick the best accounting firm. Since they act as social proof that can help companies make informed decisions about the quality of services offered by accounting firms. Positive reviews can also give a good indication of the quality of services, while negative reviews can raise red flags about potential issues with a particular firm.
The accounting profession is built on serving the public interest and a commitment to professionalism. Accordingly, using Google Maps, we compiled a list of the top accounting firms in Singapore. Findings were derived through evaluating customer feedback in the form of reviews and ratings, as illustrated in the tables below.
|AG Singapore-Accounting & Auditing Services||5.0||88|
|OneStop Professional Services||5.0||50|
|Singapore Corporate Services Pte Ltd||5.0||22|
|EZ Accounting pte ltd||5.0||10|
|3G Accounting Pte Ltd||5.0||8|
|Ascend Corporate Service Pte Ltd-Accounting Services||5.0||7|
|Tan, Chan & Partners Accounting Firm||5.0||4|
|VentureHaven Pte Ltd||288||4.7|
|AG Singapore-Accounting & Auditing Services||88||5.0|
|3E Accounting Pte Ltd||51||4.7|
|OneStop Professional Services||50||5.0|
|Wan Consultants Pte Ltd | Accounting Services, Singapore||35||4.2|
|Singapore Corporate Services Pte Ltd||22||5.0|
|3E Accounting International Global Accounting Network||22||4.9|
|Tianlong Services Pte Ltd||21||4.6|
|I & R Business Consultancy Services||19||4.9|
According to the first table, all the ten listed firms possess 5.0 stars, with major differences in the number of reviews. Though pleasing, the rating is just one aspect of evaluating a company. Equally, the number of reviews can also be an important factor in determining the reliability and accuracy of a company’s rating.
A company with a high rating, but a low number of reviews may not be as trustworthy as a company with a lower rating but a higher number of reviews. Therefore, in terms of reviews, VentureHaven Pte Ltd leads the pack with 288 reviews, followed by AG Singapore-Accounting & Auditing Services with 88 reviews and Timcole with 56 reviews. As such, a high number of reviews can give a more representative view of a company’s performance.
eKomi’s Recommendations to Accounting Firms
Given the importance of customer reviews, it’s definitely worthwhile for accounting and auditing companies to use them in their marketing plan. They can increase a firm’s credibility, entice leads to contact you, and improve your website’s ranking on Google. If you haven’t been collecting customer reviews, now is the time to get started. These reviews are powerful marketing tools that can greatly benefit your organization in the long run.
Numerous businesses from numerous industries have benefited from eKomi’s good evaluations and high search engine rankings, which have helped the company’s bottom line. eKomi will essentially increase this sector’s exposure while reducing its risk.
Accounting firms play a critical role in ensuring the financial health and success of businesses. As such, online reviews can provide a useful starting point. Providing, a well-rounded approach that includes additional research, consultation, and reference-checking to help companies and individuals alike to select the top accounting firm in Singapore that meets their specific needs and goals.