Accounting Services
Accounting and Bookkeeping Services
All companies registered in Singapore must keep proper books of accounts as stipulated by Singapore Companies Act. Our professional accountant will assist to streamline the bookkeeping process and ensure financial data is organised in a timely, accurate and complete manner.
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Our services include initial set-up of chart of accounts and preparation of management reports generated by us or prescribed by the client. The reports include the following:
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Balance Sheet
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Income Statement/Profit and Loss
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Trial Balance
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General Ledger Listing
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Bank Reconciliation
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Fixed Asset Schedule
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Accounts Payable and Accounts Receivable Schedule
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Audit and Tax Schedules (if any)
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Other Reporting Schedules prescribed by the client (if any)
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Leave your bookkeeping process to us so you can focus more on strategic area of your business. Depending on the volume of your company's transactions, you can engage us to manage the bookkeeping on a monthly, quarterly or yearly basis.
Compilation of Unaudited Financial Statements
All Singapore incorporated companies are required to compile financial statements with the annual return unless they are exempted by ACRA to do so. We will ensure your bookkeeping records are translated into proper financial statements for the purpose of Annual General Meetings, corporate tax submission, government grant application, loan application, etc.
Transcribing Financial Statements to Extensive Business Reporting Language ("XBRL") Format
With effect from 1 November 2007, ACRA had implemented a new filing requirement for Singapore incorporated companies to file their financial statements in XBRL format. XBRL is a form of reporting language adopted by ACRA for the electronic communication of business and financial data worldwide. XBRL filing can be time consuming and daunting process for many companies. We can assist you to transcribe the financial statements into XBRL format for filing with ACRA.