Importance of bookkeeping Bookkeeping is an essential part of any business because it provides an accurate record of your day to day financial operations.
In addition, bookkeeping also assist in the requirement to file annual return with ACRA after a company's financial year-end. However, the importance of bookkeeping is beyond just keeping complete records and being in compliance with regulations. An organization can utilize the accounting information recorded to analyze their business and formulate strategic plans. This will provide directions to the organization which can improve profitability and results in business growth.
How can we help? Depending on your needs, we can provide bookkeeping services on a monthly or annual basis.
We assist your company be financially organised for better decision-making and at the same time ensuring that your accounts are prepared in compliance with the Singapore Financial Reporting Standards and local regulations.
You will benefit through:
Timely and accurate monthly management accounts
Monthly cash and other accounts reconciliation
Better insight into your organization's financials
Cost-saving as there is no need for employment of full-time bookkeeper
More time and resources for your business
Scope of work Depending on the scope of services we mutually agreed upon, our bookkeeping and GST service includes but not limited to the following areas:
Chart of Accounts set-up
Maintenance of general ledger
Maintenance of accounts payable
Maintenance of accounts receivable
Maintenance of fixed assets register
Compilation of monthly, quarterly or annual management accounts which include:
- General ledger reports - Trial balances - Profit or loss statements - Balance sheet - Balance sheet schedules
Preparation of GST return and filing (quarterly basis)
Others (as required by you)
CONTACT US FOR A CONSULTATION FOR YOUR BOOKKEEPING NEEDS