Bookkeeping and Accounting services for Singapore Companies

All companies registered in Singapore must keep proper books of accounts as stipulated by the Singapore Companies Act. Good bookkeeping not only facilitates day-to-day accounts maintenance but provides insight for sound business decision-making as well as financial management.

In turn, this will help you fulfill the compliance requirements stipulated by ACRA and IRAS and avoid unnecessary penalties.

Outsource your accounting and bookkeeping matters to us and free up your time for the strategic areas of your business. We offer a comprehensive range of accounting and bookkeeping services in Singapore that are cost-effective. They are as follows:

• • • General Ledger Maintenance
    • Accounts Payable Ledger Maintenance
    • Accounts Receivable Maintenance
    • Bank Reconciliation
    • Fixed Assets Ledger Maintenance
    • Cash Flow / Budgeting
    • Financial Statements & Reports Monthly, Quarterly, Year-End Review
    • Books Cleanup
    • Management Reporting
    • Financial Analysis

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  How Our Bookkeeping and Accounting Services Works

  When you engage our Singapore bookkeeping services, our dedicated account manager will help you with the following things:

  • work closely with you to see to your business’ accounting needs
  • review and organize your financial documents (sales orders, purchase orders, expense notes, bank statements, etc) to maintain your accounts ledger in a timely manner.
  • help you draft financial statements in accordance with the Singapore Financial Reporting Standards (SFRS) for statutory submissions.
  • help monitor statutory compliance issues and work with you to ensure that you understand all the accounts reports.

  By opting for our Singapore accounting services, your company gains the ability to operate securely and optimally.  Our partnership involves providing dedicated account managers with distinctive business insights that aid in fostering a better understanding of the local industry landscape, consequently fortifying your company’s overall performance.

  FAQs for Bookkeeping and Tax Service

  • • What is bookkeeping?
    • In short, bookkeeping is the daily recording of a business’s financial records.
    • Is it mandatory to do bookkeeping in Singapore?
    • Yes, in Singapore, it is a must for all incorporated companies to do bookkeeping. If you’re unfamiliar with how to keep records, it is best to engage Singapore bookkeeping services.
    • Why should I hire an accounting and bookkeeping services provider in Singapore?
    • Instead of taking the risks and additional expense of recruiting more in-house employees, it is more flexible, less time-consuming and more affordable to outsource a professional corporate service provider. This enables you to focus solely on your company’s core competencies.
    • What are the accounting and bookkeeping services in Singapore?
    • These are some of the Singapore bookkeeping services and accounting services available:
      • General Ledger Maintenance
      • Accounts Payable Ledger Maintenance
      • Accounts Receivable Maintenance
      • Bank Reconciliation
      • Fixed Assets Ledger Maintenance
      • Cash Flow / Budgeting
      • Financial Statements & Reports Monthly, Quarterly, Year-End Review
      • Books Cleanup
      • Management Reporting
      • Financial Analysis
    • What is usually provided when a professional accountant/bookkeeper is engaged?
    • Upon engaging an accountant/bookkeeper to outsource your bookkeeping services, they will assist you in:
    • Reviewing and organizing your financial documents (sales orders, purchase orders, expense notes, bank statements, etc) to maintain your accounts ledger in a timely manner.
    • Drafting financial statements in accordance with the Singapore Financial Reporting Standards (SFRS) for statutory submissions.
    • Monitor statutory compliance issues and work with you to ensure that you understand all the accounts reports.
    • What is the difference between accounting and bookkeeping services?
    • Accounting services encompass a broader spectrum of financial management tasks, including interpreting and analysing financial data, preparing financial statements, conducting audits, and offering strategic financial advice. It involves a deeper understanding of a company’s financial health. On the other hand, bookkeeping services primarily involve the systematic recording and organising of financial transactions, such as receipts, payments, and invoices.

  • • Upon engaging an accountant/bookkeeper to outsource your bookkeeping services, they will assist you in:
      • Reviewing and organizing your financial documents (sales orders, purchase orders, expense notes, bank statements, etc) to maintain your accounts ledger in a timely manner.
      • Drafting financial statements in accordance with the Singapore Financial Reporting Standards (SFRS) for statutory submissions.
      • Monitor statutory compliance issues and work with you to ensure that you understand all the accounts reports.
    • What is the difference between accounting and bookkeeping services?
      • • Accounting services encompass a broader spectrum of financial management tasks, including interpreting and analysing financial data, preparing financial statements, conducting audits, and offering strategic financial advice. It involves a deeper understanding of a company’s financial health. On the other hand, bookkeeping services primarily involve the systematic recording and organising of financial transactions, such as receipts, payments, and invoices.