Should MA or MC out-source the MCST accounts just like any other services ?

Managing agent (MA) as the word described, manages the contractors that provide the product and services to the condominium or commercial buildings, may it be security, landscaping, electrical team, you name it.

Accounting functions, incidentally falls on the managing agent where they have to keep it in-house and manage a team of accounts staff, when half the time, most managing agents are not expert in this area at all.

It comes no surprise that if all other product and services can be contracted out, why not accounting services? With a cloud-based accounting solution, your accounts staff need not be housed in the same office. With internet connections and cloud storage, receiving electronic pdf invoices  or create a whatsApp group, you can connect with your accounting team, just as fast as he/she sits besides you.

Putting a technology layer to your business will make you one step ahead of your competitors, giving your SP and vendors a different users’ experience.

How about considering out-sourcing your accounting team now? First, you can control your costs ( no year end bonus, expected salary increment, cpf , sick leave, maternal leave etc) and you or your SP also can have access to the information 24/7.

With our shared platform, your SP and vendors can retrieve their information (DIY)  that is related to them only, in a secured environment, without the need to be too dependent on your accounting team for statement of accounts or payment to suppliers etc.

Contact us for more information via our sales whatsApp +65 8148 8824 for more information.

Writer : Choo Hong Peng,
Chartered Accountant, Singapore

Email :

Updated as at 19/08/2020

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