Bookkeeping

Every company in Singapore is responsible for maintaining its proper bookkeeping and accounting records as per Singapore Company Act. In addition to fulfilling the compliance requirements stipulated by regulatory authorities ACRA and IRAS, it will in turn help companies’ daily business operation.

There are four packages of bookkeeping depending on your volume level. The level of volume per month is determined by the factor as below. (3 out of 5 factors)

Factors	Low Volume	Medium	High
Number of sales invoices	0 – 20	20 – 50	> 50
Turnover	$0 – $50K	$50K – $500K	> $500K
Bank Statement Transactions (no of Pages)	1	1 – 3	> 3
Accounting Transactions**	0 – 25	25 – 100	> 100
GST Registered Business	Additional $ 50 / Mth	Additonal $100 / Mth	Additional $200 / Mth

**Accounting transactions refers to every accounting records of the business. Example of accounting transactions are: sales on credit to customer, receive payment from customer, purchase of material, recording the depreciation of a fixed assets.

Bookkeeping Workflow

Procedure
Required Documents
Select Packages / Services
Payment

Procedure

Fill in the inquiry on line

To receive the packages recommended by us

Select package & make payment

Send us all financial documents for bookkeeping

To review the draft accounts & reports

Required Documents

Documents List

Bank statement
Sales Invoices
Purchase invoices
Purchase vouchers
Expenses claims
Fixed Assets schedules
Other contracts such as loan agreement, hire purchase agreement, investment agreement
Prepayment & Accrual Schedules
Staffs’ Payroll
Last year financial statements, Management accounts, Tax filing for existing company

Requirement

Let us know more about the volume of your transactions (Pages of bank statements, Estimated sales revenue, No of employees)
Ensure the financial documents to be filed in order (Invoice by month, Payment voucher/ cheque by number)

Related Regulations

GST filing – As a business, you must register for GST when your taxable turnover exceeds $1 million.
Accounting Records – Companies are required to keep proper records and accounts of business transactions. Your company must maintain proper records of its financial transactions and retain the source documents, accounting records and schedules, bank statement any other records of transactions connected with your business. Your company must retain the records for a period of five years from the relevant YA.

Select Packages / Services

ACCOUNTING - Bookkeeping - Dormant Company for One Year (Package)

S$300

Monthly Bookkeeping
Quarterly GST Submission
Management Report

Learn More Add to Cart

ACCOUNTING - Bookkeeping - Low volume transactions (Package)

S$50

Monthly Bookkeeping
Quarterly GST Submission
Management Report

Learn More Add to Cart

ACCOUNTING - Bookkeeping - Medium volume transactions (Package)

S$100

Monthly Bookkeeping
Quarterly GST Submission
Management Report

Learn More Add to Cart

Payment Method

Paypal

Credit Card / Debit Card

Cheque

Internet Banking

and more …

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Learn More About Bookkeeping

Bookkeeping

Factors

Low Volume

Medium

High