Bookkeeping and Accounting
AsiaBiz offers a comprehensive range of accounting and bookkeeping services for your newly established company. Our accountants can compile your yearly accounts information for submission to the Accounting and Corporate Regulatory Authority (ACRA) and Inland Revenue Authority of Singapore (IRAS). We specialise in maintaining a timely accounting system that allows you to manage your accounts cost effectively.
All companies registered in Singapore must keep proper books of accounts as stipulated by the Singapore Companies Act. Good bookkeeping not only facilitates day-to-day accounts maintenance and drafting of financial statements for the submission of annual returns, but it also provides insight for sound business decision-making as well as efficient financial management.
AsiaBiz provides a full spectrum of accounting services for companies that wish to outsource their bookkeeping function.
How it works
When you engage AsiaBiz’s Bookkeeping Service, you will be assigned an accounts manager who will work with you personally on your business accounting needs.
Based on the financial documents (sales orders, purchase orders, expense notes, bank statements, etc) you submit to us on a regular periodical basis, your personal accounts manager will review and organize the information submitted to create and maintain your accounts ledger. The accounts manager can also help you draft financial statements in accordance with the Financial Reporting Standards (FSR) for statutory submissions.
Our Bookkeeping Service includes but not limited to the following accounting functions:
- General Ledger Maintenance
- Accounts Payable Ledger Maintenance
- Accounts Receivable Maintenance
- Bank Reconciliation
- Fixed Assets Ledger Maintenance
- Cash Flow / Budgeting
- Financial Statements & Reports Monthly, Quarterly, Year-End Review
- Books Cleanup
- Management Reporting
- Financial Analysis
Your dedicated accounts manager will also help monitor statutory compliance issues, and work with you to ensure you understand all the accounts reports.
At AsiaBiz, we don’t believe in a one size fit all package for our clients. Call us to discuss more on how we can help you manage your accounts and be in compliance with ACRA and IRAS.
Need help with your accounting and bookkeeping needs?
Leave your tax and accounting matters to us. AsiaBiz has years of experience helping clients handle their needs with its various Singapore tax and accounting services.