Accurate, timely, and structured financial information is the foundation of any successful business. At Magellan Corporate Services, we provide comprehensive accounting support tailored to your business stage, reporting requirements, and decision-making needs.

Whether you are a startup building a financial structure from scratch or an established enterprise needing reliable outsourced accounting, we deliver clarity and control through a professional, CFO-informed approach.

Our Core Services Include:

• Chart of Accounts Development
  We design a chart of accounts that reflects your business structure, industry practices, and reporting needs. This ensures consistency in recording transactions and clarity in internal and external reporting.

• Bookkeeping and Accounting Services
  We handle full-spectrum accounting functions, including:
  • General ledger maintenance
  • Accounts payable and receivable tracking
  • Bank reconciliations
  • Fixed asset schedules
  • Monthly and year-end closing

• Financial Statement Preparation
  Preparation of compliant financial statements in accordance with Singapore Financial Reporting Standards (SFRS), ready for audit or filing with regulatory bodies.

• Management Reporting
  We prepare periodic internal reports customized to your business needs, such as:
  • Profit and loss by business segment
  • Cash flow tracking
  • Budget vs actual variance analysis
  • Custom dashboards and key performance indicators (KPIs)

• Support for Audit and Tax Filing
  Our accounting outputs are designed to integrate seamlessly with audit and tax filing processes, reducing inefficiencies and ensuring compliance.

Optional Add-On Services:

• Budgeting and Forecasting
  • Development of budgets and rolling forecasts to support strategic planning, cash flow management, and performance tracking.

• Cloud Accounting System Setup and Support
  Implementation and ongoing support for cloud-based accounting platforms such as:
  • Xero (and Adds-On Third-party Apps)
  • Other platforms based on your needs (such as Netsuite and Microsoft Dynamics 365). We help you select, configure, and migrate data to cloud systems for real-time access and automation.

• Periodic Review and Advisory
  Regular financial health checks and analysis by an experienced CFO-level advisor to ensure your numbers tell the right story.