Accounting and Bookkeeping
Our services are suitable for start-ups, SMEs, and growing companies that require reliable monthly accounting without the overhead of an in-house finance team.
We understand that not all businesses require monthly accounting and hence we do have Flexible Accounting Pacakages. In addition to monthly services, we offer quarterly, bi-yearly, and yearly accounting and bookkeeping packages, tailored to suit start-ups, dormant companies, and smaller businesses.
Accounting & Bookkeeping Services (Monthly)Our Accounting and Bookkeeping Services are designed to give businesses accurate, timely, and compliant financial records, allowing you to focus on growing your business with confidence.
We provide end-to-end monthly accounting support in accordance with Singapore Financial Reporting Standards (SFRS) and ACRA/IRAS requirements, ensuring clarity, consistency, and regulatory compliance at all times.
Monthly / Quarterly / Bi-Yearly Services Include:
1. Monthly Bookkeeping
• Recording of all financial transactions
• Proper classification of income and expenses
• Maintenance of general ledger and supporting schedules
• Reconciliation of bank, credit card, and loan statements
2. Accounts Payable & Receivable
• Recording supplier invoices and payments
• Tracking customer invoices and receipts
• Monitoring outstanding payables and receivables
• Ageing analysis for better cash flow management
3. Bank & Balance Sheet Reconciliation
• Monthly bank reconciliations
• Reconciliation of key balance sheet accounts
• Identification and resolution of discrepancies
4. Monthly Management Accounts
• Profit & Loss Statement
• Balance Sheet
• Cash Flow overview (where applicable)
• Management insights to support decision-making
5. GST Accounting (If Applicable)
• GST transaction tracking
• GST reconciliation
• Preparation of GST reports for filing
• Support for quarterly GST submissions
6. Compliance & Record Maintenance
• Maintenance of proper accounting records as required by ACRA
• Audit-ready documentation
• Support for year-end closing and statutory filings
Why Choose Our Monthly Accounting Services
• Accurate and up-to-date financial records
• Timely reporting for better business decisions
• Reduced compliance risks
• Scalable services tailored to your business size
• Support from experienced accounting professionals
Unaudited Financial Statements
Service provides companies with properly prepared financial statements that comply with Singapore Financial Reporting Standards (SFRS) and ACRA requirements, without the requirement for statutory audit.
This service is suitable for audit-exempt companies, dormant companies, and small to medium enterprises that are not required to be audited under the Companies Act.
1. Preparation of Unaudited Financial Statements
• Statement of Financial Position (Balance Sheet)
• Statement of Comprehensive Income (Profit & Loss)
• Statement of Changes in Equity
• Statement of Cash Flows (where applicable)
• Notes to the Financial Statements
2. Compliance & Regulatory Alignment
• Preparation in accordance with SFRS or SFRS for Small Entities (SFRS-SE), where applicable
• Alignment with ACRA filing requirements
• Consistency with management accounts and accounting records
3. Year-End Closing Support
• Review and finalisation of year-end balances
• Reconciliation of key accounts
• Adjusting journal entries (accruals, prepayments, depreciation, etc.)
4. AGM & Statutory Filing Support
• Preparation of financial statements for AGM purposes
• Support for Annual Return filing with ACRA
Important Note
Unaudited financial statements are prepared based on information and records provided by management and do not include an independent auditor’s opinion. As such, they are not intended to provide audit assurance but fulfil statutory and reporting requirements for audit-exempt companies.
Who Is This Service For
• Audit-exempt private limited companies
• Dormant companies
• SMEs with simple business structures
• Companies preparing for future audits or restructuring
XBRL Preparation and Filing service
Ensures your financial statements are accurately converted into ACRA-compliant XBRL format and filed on time, in accordance with the Companies Act and ACRA’s filing requirements.
XBRL (eXtensible Business Reporting Language) is mandatory for most Singapore incorporated companies when filing their Annual Returns. Our experienced team handles the entire process, ensuring accuracy, consistency, and regulatory compliance.
1. XBRL Conversion
• Mapping of financial statements to the latest ACRA XBRL taxonomy
• Conversion of unaudited or audited financial statements into XBRL format
• Validation of data to ensure consistency and completeness
2. XBRL Review & Quality Checks
• Cross-checking figures against signed financial statements
• Ensuring compliance with ACRA’s minimum disclosure requirements
• Resolution of validation errors and inconsistencies
3. XBRL Filing with ACRA
• Upload and submission of XBRL financial statements via BizFile+
• Support for Annual Return filing
• Confirmation of successful submission
4. Support for Different Filing Profiles
• Full XBRL
• Simplified XBRL (for eligible companies)
• AGM Financial Statements (AFS) filing where applicable
Who Is This Service For
• Private limited companies required to file XBRL
• Audit-exempt companies
• Companies filing Annual Returns for the first time
• Companies outsourcing XBRL preparation to avoid errors and delays