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Reliable Accounting and Compliance Support in Singapore

Understanding Accounting in Singapore

Accounting in Singapore involves multiple components, including bookkeeping, financial reporting, tax compliance, and statutory filings. Accurate bookkeeping forms the foundation of these obligations by ensuring financial records are complete, timely, and reliable.

What Is Bookkeeping?

Bookkeeping refers to the ongoing process of recording and classifying a company’s financial transactions in a systematic manner. These records form the basis for financial reporting and enable compliance with regulatory and tax obligations.

  • Accurate bookkeeping supports:
  • Preparation of financial statements
  • Corporate income tax and GST filings
  • Audit and regulatory reviews
  • Informed management decision-making

Our Bookkeeping Services

Our bookkeeping services are tailored based on transaction volume, business activity, and regulatory requirements.
Services that we offer include:

  • Recording of income and expense transactions
  • Bank and balance sheet reconciliations
  • Maintenance of general ledgers
  • Preparation of monthly or quarterly management accounts
  • Support for year-end closing and audit preparation

All records are maintained in accordance with applicable Singapore Financial Reporting Standards (SFRS). 

Who will require this service?

Our bookkeeping services are suitable for:

  • Newly incorporated companies
  • SMEs and growing businesses
  • Foreign-owned companies operating in Singapore
  • Companies without an internal finance team

We support both active and dormant companies, subject to statutory requirements. 

Bookkeeping Services

Custom pricing based on requirements, contact us for more information

  • Ongoing recording and maintenance of financial transactions
  • Accurate and timely bookkeeping to support ongoing compliance
  • Support aligned with accounting, tax, and statutory filings
  • Records maintained in accordance with Singapore standards

What’s included?

  • Transaction Recording
    Systematic recording of income, expenses, and other financial transactions to ensure accurate and complete financial records.
  • Bank and Account Reconciliations
    Regular reconciliation of bank accounts and key balances to maintain accuracy and identify discrepancies promptly.
  • General Ledger Maintenance
    Maintenance of general ledgers to support financial reporting, tax filings, and audit preparation.
  • Management Reporting Support
    Preparation of periodic management accounts to provide visibility over financial performance and cash flow.
  • Compliance and Safeguards
    Bookkeeping services are delivered in accordance with applicable accounting standards and are typically provided together with accounting and tax services to support ongoing compliance.

How does the process work?

We follow a structured, compliance-focused process to ensure your financial records are accurately maintained on an ongoing basis.

Confirmation of Scope

We review your business activities, transaction volume, and reporting obligations to determine the appropriate bookkeeping scope.

Setup and Alignment

We establish accounting structures, reporting timelines, and document workflows aligned with regulatory and business requirements.

Ongoing Transaction Recording

Financial transactions are recorded and reconciled on a regular basis to ensure accuracy and completeness.

Reporting and Maintenance

We prepare periodic reports and maintain records to support accounting, tax filings, and statutory compliance.

Important Notes

  • Proper bookkeeping is required to support accounting, tax, and statutory filings
  • Timely and accurate records reduce audit and compliance risks
  • Bookkeeping services are typically provided together with accounting and tax services
  • Directors remain responsible for the accuracy of company records under Singapore law

We ensure your bookkeeping is maintained accurately and in accordance with regulatory requirements. 

Bookkeeping Services, Built for Accuracy

Accurate bookkeeping is essential to support accounting, tax compliance, and statutory reporting obligations in Singapore. We provide structured bookkeeping support to help your company maintain reliable financial records throughout the financial year. 

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