+65 6221 1768Looking for professional and reliable bookkeeping services in Singapore?
Starting January 1, 2007, all Singapore companies are obligated to preserve their business records and accounts for a minimum of 5 years. This includes maintaining accurate financial records, source documents, accounting records, bank statements, and any other relevant transaction records.
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Why choose outsourcing bookkeeping services to a reliable accounting firm?
- Outsourcing to a reliable accounting firm in Singapore, a well-versed and experienced professionals can ensure your financial records are accurately maintained and compliant with Singapore Accounting Standard.
- A cost-effective option for businesses looking to reduce overhead expenses. Instead of hiring and training in-house staff, outsourcing bookkeeping allows you to pay for the services you require and saving both time and money.
- Outsourcing bookkeeping services to a reputable accounting firm provides the flexibility to scale services up or down based on your business needs.
- Free up your valuable time and resources that can be redirected towards growing your business.
- A reliable accounting firm will have robust security measures in place to protect your financial data and ensure confidentiality.
- By outsourcing your bookkeeping needs, you can benefit without having to invest in expensive software licenses yourself.
How can Aura Partners simply your paperwork and bookkeeping?
Our comprehensive bookkeeping services cater to the specific needs of each client. We have a team of seasoned accountants that handles personalized advice on accounting practices, train your employees on proper bookkeeping procedures, and assist in setting up efficient internal controls.
Aura Partners' Singapore bookkeeping services include precise record-keeping of daily financial transactions, including purchases, receipts, sales, and payments, using accounting software like Xero, through a general ledger or journal.
Personalised Attention to your Bookkeeping Need
Our comprehensive bookkeeping services cater to businesses of all sizes and offer flexible options, including monthly, quarterly, semi-annual, and annual accounting. Utilizing the latest Xero accounting software, we provide the following accurate and detailed management reports to ensure seamless record-keeping:
- Income Statements /Profit and Loss Accounts
- Balance Sheet/Statements of financial position
- Trade Creditors/Payable Ledger
- Trade Debtors/Receivable Ledger
- Bank Reconciliation
- Trial Balance
- General Ledgers
The following documentation require for bookkeeping :
- Sales invoices (paid/ unpaid)
- Purchase invoices (paid/ unpaid)
- Payment vouchers
- Petty cash listing supported with invoices
- Cheque butts
- Monthly Bank statements
- Journal vouchers
- Payroll summary / listing / payslips
- Tenancy agreement / Landlord invoices
- Inventory listing
- Bank loan statements / hire purchase statements
- Other agreements / documents to support your transactions
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Frequently Asked Questions About Bookkeeping Services
We provide a comprehensive and full spectrum of bookkeeping services using Xero software. Our fee starts at as low as S$100 per month and is very affordable for our clients.
On a day-to-day basis, Bookkeepers complete data entry, collect transactions, track debits and maintain and monitor financial records. They also pay invoices, complete payroll, file tax returns and even maintain office supplies.
While no qualifications are needed to become a Bookkeeper, bookkeeping is something you either have to learn or outsource when you're running a business, as business owner and directors of the company will be responsible for recording and collating all the company’s financial records.
For your business to run smoothly, ideally, you need a bookkeeper and accountant.The bookkeeper will look after the day-to-day work while the accountant handles the official reporting and high-level business advice.
The single-entry and double-entry bookkeeping systems are the two methods commonly used. While each has its advantages and disadvantages, the business must choose the one which is most suitable for their business.
- Monthly Bank Statements
- Sales Invoices / Records
- Credit Note Records
- Purchase Receipts and Documentation
- Business expense records
- Stock or Inventory Records
- Payroll Records
- Income records
- CPF Records
- Fixed Assets Records
Companies incorporated in Singapore are all mandated to keep accounts and records properly. Failure to have proper bookkeeping merits corresponding penalties, as businesses are required by law for taxation purposes. Besides the legal requirement, good bookkeeping offers practical business benefits.