TNB Global Outsource

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enquiries@tnbgo.com

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+65 8722 2255

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+65 8722 2255

Managerial Accounting

Tailored to help you make better decisions for your company

What is managerial accounting, and how does it work?

Do not mistake financial accounting for managerial accounting. While financial accounting focuses on using accounting information by external stakeholders of your company, managerial accounting relates to accounting information used by your company’s internal stakeholders. While financial accounting is historically centred, managerial accounting is future-oriented.  

The central role of managerial accounting is to identify, analyse and interpret accounting data to help you make better-informed business decisions and to help you achieve your goals. 

Many critical business decisions such as costing and production require precise cost information – that’s just one aspect of managerial accounting. Managerial accounting includes accounting functions such as inventory valuation, product costing, budgeting, various financial analysis and forecasting.


Our managerial accounting services 

Product costing and inventory valuation:

Product costing relates to the determination of the total costs incurred in the production of goods and services. Direct materials costs, direct labour costs and manufacturing overhead costs all together make up product costs. 

Our team of professional accountants will be able to determine your company’s overall product costs and product costs per unit through an in-depth analysis of your accounting data. Product costing information is crucial in budgeting your money and pricing your products and services.


Budgeting:
Budgeting helps you to allocate and control your resources to ensure an efficient expenditure process.

Our team at TnB is adept at analysing information related to capital expenditure. We will help you make critical decisions using metrics such as the net present value (NPV). We also use performance reports to track when actual results deviate from the budget, analysing the deviations and guiding you in making appropriate changes.


Financial analysis:

Financial analysis evaluates the profitability, stability and suitability of your business. It makes use of ratios such as the return on assets (ROA) and IRR as well as other techniques such as constraint analysis and inventory turnover analysis.

Using various ratios and analysis techniques, our team at TnB will determine constraints in your business, identify efficiency improvements for your company and suggest the implementation of strategies to optimise your company’s cash flow.


Trend analysis and forecasting:
Trend analysis helps you to predict the future of your business using historical data. 

We will enable you to plan for a better future – helping you forecast market trends, inventory levels and interest rates. Moreover, you can also enjoy increased productivity and efficiency, solutions to underlying issues and assistance in mitigating potential risks. How TnB can help you grow your business

We’ll help you understand your business even better.
We’ll help you make better decisions by keeping you informed of your company’s performance.

Our Managerial Accounting service is affordable and provides you with regular detailed information and practical advice specific to your business and its performance. 

Our team of experienced accountants can prepare reports on a scheduled or ad-hoc basis – helping you understand your business more thoroughly, and identifying opportunities for cost-effective improvements and growth.

What Clients Say About Us!

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Kayleen Colbert Consulting Lawyer

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Kayleen Colbert Investment Advisor

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Alexia Galvez Trainee Consultant

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Declaration of Eligibility and General Declaration

The OCBC Start Digital Pack is supported by Enterprise Singapore (“ESG”) and the Info-communications Media Development Authority (“IMDA”) and is offered by Oversea-Chinese Banking Corporation, Limited (“OCBC”) to its business banking customers.

You must meet the following criteria (“Eligibility Criteria”) to be eligible for the OCBC Start Digital Pack:

  1. Registered and incorporated in Singapore with a valid UEN issued by ACRA for the following business entity types: Sole Proprietorships, Partnerships, Limited Partnership, Limited Liability Partnership and Companies;
  2. At least 30% local shareholding;
  3. Group annual sales turnover of not more than $100 million OR Group employment size of not more than 200 employees;
  4. First time applicant to the Start Digital Pack (each business can sign up for only one Start Digital Pack across the Start Digital partners);
  5. Must not be an existing user of Quickbooks;
  6. Have an active business current account with OCBC.



To OCBC:

  1. We declare that as at the date of this form, we have met the Eligibility Criteria and that the information provided in this form is true and accurate in all respects.
  2. We confirm that we would like to apply for the OCBC Start Digital Pack, and we acknowledge and agree that:
    1. OCBC may supply any governmental agency (including, without limitation, ESG and IMDA) with documents and information relating to us or provided by us (including contact information) for purposes in connection with our application for the OCBC Start Digital Pack (Quickbooks);
    2. ESG and IMDA may use our information provided by OCBC to contact us to verify our application for the OCBC Start Digital Pack:
    3. we will supply and/or provide any information and/or documentary proof as OCBC may require from time to time and such information and documents shall thereby become and remain the property of OCBC;
    4. we will indemnify OCBC immediately on first written demand for any losses, damages, liabilities, claims, expenses, fees and costs that may be incurred or suffered by OCBC as a result of or in connection with (i) our failure to satisfy or comply with any of the Eligibility Criteria; (ii) us providing any declaration, information and/or document which is not true and/or accurate; or (iii) us not complying with any of the terms below;
    5. OCBC does not own or provide the TNB Global Outsource Pte. Ltd., or Quickbooks services to us. No warranty of any kind, including without limitation of merchantability, satisfactory quality, fitness for a particular purpose, freedom from malicious code, or non-infringement of third party rights is given in conjunction with the OCBC Start Digital Pack, and OCBC shall not be liable for any loss and/or damage suffered or incurred by or in connection with the use thereof;
    6. we have read, understood and accepted the terms and conditions set out on OCBC’s website (at https://www.ocbc.com/business-banking/accounts-and- services/start-digital/). OCBC reserves the right to update, amend or change the terms and conditions from time to time without our consent;
    7. the OCBC Start Digital Pack is subject to any terms and conditions imposed by ESG and IMDA and we have agreed to, and shall comply with, the same.


Terms and Conditions of OCBC Start Digital Pack

To TNB Global Outsource Pte. Ltd. (“TnB”):

By submitting an application, we acknowledge and agree that:

  1. the information provided in this form is true and accurate in all respects;
  2. we understand that TnB is an authorised reseller of Quickbooks by Intuit Inc. (“Quickbooks”), and TnB will be setting up our Quickbooks accounts with respect to this application;
  3. TnB may (a) share information with OCBC relating to us or our Quickbooks accounts, and (b) send us promotional collaterals relating to our business;
  4. we authorise TnB to set up, activate and access our Quickbooks accounts and we will bear the fees and charges imposed by TnB for services rendered which are not included in the OCBC Start Digital Pack;
  5. the OCBC Start Digital Pack is only valid for OCBC business banking customers who meet the Eligibility Criteria. In the event we are determined by OCBC and/or TnB in their sole and absolute discretion to not be eligible, (a) we will pay to TnB the fees and charges listed on (https://tnbgo.com/grant/ocbc-start-digital/) (“the TnB website”) for any service(s) already provided, and (b) we will be required to reimburse OCBC for all expenses incurred as a result of this application;
  6. any payments relating to the OCBC Start Digital Pack must be made via an OCBC Business Debit Card issued to us;
  7. fees will be paid directly to TnB and OCBC will not be liable for any payment.
  8. we will subscribe to the OCBC Start Digital Pack for a minimum period of 18 continuous months at the fees stated herein. Thereafter, the fees payable will follow that as listed on the TnB website;
  9. in the event of any cancellation request, we will notify TnB in writing (by letter to its registered office or email to the person-in-charge) with a notice period of 1 month. Any refund of any unutilised part of the subscription will be refunded back to us by TnB by bank transfer within 4 weeks of the date of such notice.
  10. we agree that, notwithstanding anything to the contrary, if we fail to satisfy or comply with any of the Eligibility Criteria; or any declaration information and documents given by us are not true or accurate; or we do not comply with clause (ix) above, TnB reserves the right to terminate the package without our notice;
  11. we have read, understood and accepted TnB Terms and Conditions (/https://tnbgo.com/privacy-policy-2/). TnB reserves the rights to update the Terms and Conditions from time to time without our consent;
  12. we have read, understood and accepted the Intuit Terms of Service (https://quickbooks.intuit.com/sg/terms-of-service) and Privacy Policy (https://www.intuit.com/privacy).

 

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