Professional bookkeeping service is a basic financial service provided by accountants or secretarial firms to help companies standardize and accurately record financial data in their daily business activities to ensure that their accounts are clear and legally compliant.

✅ Services generally include::

• Categorize all company revenues and expenses

• Preparation of monthly/quarterly/annual books of accounts (general ledger, ledger, cash book, accounts receivable and payable, etc.)

• Generate financial statements (e.g., balance sheet, income statement, cash flow statement, etc.) on a regular basis

• Manage and file financial documents such as invoices, receipts, contracts, etc.

• Provision of account data required for tax filing

✅ goal::

• Ensure compliance with the Companies Act and Inland Revenue Authority of Singapore (IRAS) regulations

• Provide management with accurate financial data to support decision-making

• Provide a reliable basis for the preparation of annual statements and tax returns

🌟 What company expenses require bookkeeping?

In Singapore, no matter how big or small a company is and whether or not it has income, as long as the company has expenditures or operations, it needs to do its bookkeeping properly.

Common company expenses that require bookkeeping include::

💼 operating expense

• Employee Wages, Employer Provident Fund (CPF) Contributions

• Rent, utilities and telephone charges

• Cost of secretarial, accounting, legal, IT services

🛒 Procurement expenditure

• Procurement of commodities, materials and equipment

• Import and export-related costs (sea freight, customs clearance, tariffs, etc.)

📌 Administrative and marketing expenses

• Advertising, marketing and promotion costs

• Travel, transportation, client hospitality

💻 Software and Subscription Fees

• Cloud services, software licenses, commercial subscription fees

🏦 financial cost

• Bank charges, loan interest, foreign exchange gains and losses

🌟 Why is professional bookkeeping important?

✅ Avoiding ACRA / IRAS fines or compliance risks due to incomplete accounts
✅ Provide compliance data for annual returns, tax filings
✅ Management has a real-time view of the company's financial situation
✅ Support financing, lending, shareholder or investor due diligence needs

🌟 Professional bookkeeping services we can provide

🎯 Professional bookkeeping by month, quarter or year
🎯 Financial voucher organization and filing
🎯 Prepare standardized financial statements (with support for tax returns)
🎯 Provide account inquiries and simple tax advice