What is Bookkeeping?

We will help to translate your business transactions into meaningful financial information relating to your business.

You will be able to review your company's financials using the management report we generate and make effective business decisions.

What does our bookkeeping service include?

One-time set-up fees
Accessibility to company's file in Xero accounting software
Management report consisting of:

Profit & Loss
Balance Sheet
General Ledger
Trial Balance
Statement of Cash Flows
Relevant schedules such as Bank Reconciliation Statements

Fees

We provide bookkeeping on a frequency of monthly, quarterly or yearly.

Fees are based on transactional volume (i.e. bank statement, sales & purchases invoice) and complexity.

Bookkeeping (Yearly)

Starts from $250/year

Bookkeeping (Quarterly)

Starts from $225/quarter

Bookkeeping (Monthly)

Starts from $200/month

Documents required to provide to us

Business profile (most updated copy)
Sales & Expenses Invoices
Payment Vouchers
Monthly Bank Statements (electronic copy preferred)
Payslips (if any)
Used Cheque Book Stubs
Monthly CPF Statements
Monthly Foreign Worker Levy Statements (if any)
Hire-Purchase Agreements (if any)
Any other documents which explains a business transaction
Financial Statements for prior financial year

(if accounts was previously done by another person)

Compilation of Financial Statement

We are able to assist in translating your bookkeeping records into a set of financial statements in compliance with Singapore accounting standards. Financial statements are required for Annual general meetings, tax submissions and in some events such as application for government grants.

Our service include:

Director Statement
Statement of Comprehensive Income
Statement of Financial Position
Statement of Changes in Equity
Statement of Cash Flows
Notes to the financial statements

Fees

Accounting

Unaudited Financial Statements

from $300

(Include general FRS disclosures)

Additional FRS disclosures

from $50

(E.g. Fixed Assets / Loans / Hire purchases

Financial Statements in XBRL (financial highlights)

from $200

Financial Statements in XBRL (full set)

from $300

Miscellaneous

Courier Fees (pick-up documents)

$30 per trip

Urgent Fees (for bookkeeping/for filing)

$100/5% of Total Fees whichever is higher

(Require less than 1 week turnover)

FATBOOK ACCOUNTING