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
(Include general FRS disclosures)
Additional FRS disclosures
(E.g. Fixed Assets / Loans / Hire purchases
Financial Statements in XBRL (financial highlights)
Financial Statements in XBRL (full set)
Miscellaneous
Courier Fees (pick-up documents)
Urgent Fees (for bookkeeping/for filing)
(Require less than 1 week turnover)
