Futurebooks services for F&B Singapore business

Jul 25

Futurebooks services for F&B Singapore business

F&B Singapore Industry

Singapore is known to be a food lovers’ city. Despite the bustling dining scene of the city, the food and beverage (F&B) sector in Singapore is not without its unique challenges. Owners of F&B businesses in Singapore are facing ongoing worries such as manpower crunch, high competition, loss of valuable employees, as well as mismanagement of internal controls, among others.

As food lovers ourselves, with an advantage of being professionals in company secretary, accounting and work pass matters, we at Futurebooks would like to ease the burden of business owners at least when it comes down to financial internal controls, employee management and compliance with regulatory authorities.

Read more: 7 Steps to successfully set up your food and beverage business in Singapore

Beside startup founders, we have, over the past few years, been working with a small, but satisfied group of F&B entrepreneurs in Singapore. We have assisted them with the following services:

Employment & Immigration

Drafting of employment contracts
Application of Employment Passes and S-Passes
Securing approvals for Employment Pass holders to be on the Board of Directors in related F&B companies

Company secretary

Setting up your F&B business
Year-end statutory filings with ACRA
Onboarding of new investors e.g. issuing shares, increasing paid up capital, etc.
Dividend payouts e.g. year-end & mid-year interim dividends
Restructuring of capital base e.g. reducing paid up capital

Accounting

Accounting system setup using Xero
Monthly payroll management and CPF submission
Cleaning up of accounting backlog
Setting up of internal controls inventory
Regular cashflow management
Financial performance appraisal for your F&B company
Better investor reporting

As Xero Singapore Gold Partners, we also customize our Xero services from implementation, training to management reporting.

Taxation

Registration and quarterly submission of GST
PIC application
Year-end statutory filings with IRAS
 

Namita Sethi, Futurebooks CEO, shares more about our accounting services for F&B businesses in Singapore

 

 


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