Bookkeeping Services in Singapore for SMEs & Growing Businesses
Bookkeeping is the systematic recording and organisation of a company's financial transactions. In Singapore, accurate bookkeeping is a legal obligation under the Companies Act and forms the foundation for IRAS tax filing, GST returns, and ACRA compliance reporting.
What Our Bookkeeping Service Covers
Our bookkeeping services help businesses keep financial records accurate, organised, and ready for accounting, tax, and management reporting. Whether you are running a small company, a growing SME, or a GST-registered business in Singapore, a reliable bookkeeping service your business can depend on helps reduce errors, improve visibility, and make year-end preparation more manageable.
Monthly Transaction Recording
We record your monthly business transactions, including sales, expenses, payroll entries, supplier payments, customer receipts, and other operating costs. Each entry is properly categorised so your accounts reflect how money moves through the business. This gives you clearer records throughout the year, rather than sorting through receipts and invoices only when tax deadlines approach.
Bank and Credit Card Reconciliation
Bank and credit card reconciliation ensures that your accounting records match your bank statements and card transactions. This helps identify missing entries, duplicate payments, unrecorded charges, and timing differences before they become larger accounting issues. Regular reconciliation also gives business owners a more accurate view of available cash and outstanding obligations.
Accounts Payable and Receivable Management
We help track what your business owes to suppliers and what customers owe to your company. Proper accounts payable and receivable management helps you monitor unpaid invoices, manage supplier due dates, and maintain better control over cash flow. This is especially useful for businesses with recurring purchases, credit terms, or multiple customer payments each month.
GST-Ready Bookkeeping
For GST-registered businesses, bookkeeping records must be prepared carefully so GST returns can be filed accurately. We organise sales, purchases, input tax, output tax, and supporting documents in a way that keeps your records ready for GST reporting. This helps reduce last-minute checks and supports smoother GST filing when each accounting period ends.
Monthly or Quarterly Management Reports
Management reports give business owners regular visibility over financial performance. These reports may include profit and loss summaries, expense breakdowns, cash flow movement, and key account balances. With monthly or quarterly reporting, you can review trends earlier and make better decisions before problems only appear at year-end.
Year-End Accounts Preparation for Tax Filing
Well-maintained bookkeeping makes year-end accounts preparation more efficient. We organise your transaction records, reconciliations, supporting documents, and financial summaries so they can be used for tax filing and financial statement preparation. This helps reduce delays, missing information, and unnecessary back-and-forth during corporate tax season.
Accounting Software Support
We work with commonly used accounting software such as Xero, QuickBooks Online, and ABSS, formerly MYOB. These systems help businesses organise invoices, expenses, reconciliations, and reports more efficiently when they are set up and maintained properly. Our team can support software-based bookkeeping so your financial records stay structured, accessible, and easier to review.
Our Unique Software: ABSS Accounting Software
ABSS Accounting Software gives Singapore SMEs a practical bookkeeping option that is familiar, structured, and cost-effective. Formerly known as MYOB, ABSS is widely recognised by many local accountants and finance teams, which makes it easier for businesses to maintain records in a format that can be reviewed, updated, and prepared for reporting.
For SMEs that prefer a desktop-based or locally familiar accounting system, ABSS can be a suitable alternative to cloud subscription platforms such as Xero. It supports everyday bookkeeping needs such as invoicing, purchases, payments, receipts, bank reconciliation, GST tracking, and financial reports. This allows companies to keep their accounts organised without paying ongoing cloud subscription fees that may not be necessary for every business.
ABSS is also designed to support Singapore business requirements, including GST-related record keeping and reports that can assist with IRAS filing preparation. With the right setup and regular bookkeeping support, it helps SMEs maintain accurate financial data, reduce manual work, and keep year-end accounts easier to prepare.
Our Bookkeeping Services Packages
Our bookkeeping services packages are structured around monthly transaction volume, so businesses can choose a level of support that matches their actual activity. Pricing may vary depending on record quality, GST status, payroll needs, reporting frequency, and whether catch-up bookkeeping is required. The guide below gives a clear starting point before a final quotation is confirmed.
Starter Package:
0 to 50 Transactions per Month
The Starter Package is suitable for newly incorporated companies, freelancers, consultants, and small businesses with low monthly activity.
It covers basic monthly transaction recording, bank reconciliation, simple expense categorisation, and year-end bookkeeping support for tax preparation.
Included:
- Basic sales and expense recording
- Bank reconciliation
- Simple accounts payable and receivable tracking
- Year-end bookkeeping summary
- Basic bookkeeping review
Not included:
- GST return filing
- Payroll processing
- XBRL filing
- Unaudited financial statement preparation
- Catch-up bookkeeping for previous periods
Growth Package:
51 to 200 Transactions per Month
The Growth Package is suitable for active SMEs with regular sales invoices, supplier payments, staff claims, recurring expenses, and monthly bank activity. It provides more structured bookkeeping support, making it easier to monitor cash flow, outstanding payments, and business expenses throughout the year.
Included:
- Monthly transaction recording
- Bank and credit card reconciliation
- Accounts payable and receivable tracking
- Monthly or quarterly bookkeeping reports
- GST-ready record organisation
- Year-end bookkeeping support for tax filing
- Software support for Xero, QuickBooks Online, or ABSS
Not included:
- GST F5 filing unless added
- Payroll processing unless added
- Corporate tax filing
- Corporate secretarial services
- Audit liaison or complex management reporting
Scale Package:
200+ Transactions per Month
The Scale Package is suitable for growing SMEs, e-commerce businesses, trading companies, food and beverage operators, and businesses with higher transaction volume. It provides more detailed bookkeeping support for companies that need regular reporting, cleaner records, and stronger visibility over financial activity.
Included:
- High-volume monthly transaction recording
- Bank and credit card reconciliation
- Accounts payable and receivable tracking
- GST-ready bookkeeping
- Monthly management reports
- Expense category review
- Year-end accounts preparation support
- Accounting software support for Xero, QuickBooks Online, or ABSS
Not included:
- GST filing unless included in the agreed package
- Payroll processing unless added
- Corporate tax filing
- XBRL financial reporting
- Audit schedules and auditor coordination
- Backdated bookkeeping clean-up
with a customised quote based on transaction volume and reporting scope.
Optional Add-Ons
Businesses can add services based on their operational needs instead of paying for a larger package unnecessarily. Optional add-ons include GST registration and filing, payroll processing, ABSS setup, Xero or QuickBooks Online setup, catch-up bookkeeping, corporate tax filing, unaudited financial statements, and corporate secretarial support.
How Our Bookkeeping Services Help a Growing SME Stay Organised
For many SMEs, bookkeeping becomes difficult when sales, expenses, invoices, payroll entries, and bank transactions start increasing each month. Our bookkeeping services help business owners move away from scattered records and manual tracking by keeping financial information properly recorded, reconciled, and ready for reporting.
The Challenge:
Disorganised Records and Limited Time
A growing SME may begin with simple spreadsheets, but this often becomes harder to manage as transaction volume increases. Receipts may be stored across emails, invoices may not be matched to payments, and bank records may not be reconciled regularly. Without proper bookkeeping, the business owner may only notice missing records or cash flow issues close to tax filing season.
The Solution:
Structured Monthly Bookkeeping
Our team helps organise monthly sales, expenses, payroll entries, supplier invoices, customer payments, and bank transactions into a clear bookkeeping system. Records are categorised consistently, reconciliations are completed regularly, and supporting documents are prepared for accounting and tax purposes. This gives the business a cleaner financial record throughout the year instead of rushing to fix gaps at year-end.
The Outcome:
Clearer Reports and Easier Filing
With proper bookkeeping in place, the SME can review profit and loss, cash flow, unpaid invoices, and expense patterns more easily. Year-end accounts preparation also becomes smoother because the records are already organised and supported by proper documentation. This helps the business owner make better decisions while reducing stress around tax filing and compliance deadlines.
Suitable for Different Business Stages
This approach works well for start-ups, small businesses, and SMEs that need reliable bookkeeping support without hiring a full-time finance employee. Whether the company is using Xero, QuickBooks Online, or ABSS, our team can help maintain accurate records and provide regular reports that support daily business decisions.
Why Choose Us?
Choosing the right bookkeeping partner helps your business stay organised, compliant, and financially aware throughout the year. Our bookkeeping support is designed to reduce administrative pressure, improve record accuracy, and give business owners clearer visibility over their accounts without needing to manage everything internally.
01
Experienced Professionals
Our bookkeeping work is handled by experienced professionals who understand Singapore’s accounting, tax, GST, payroll, and compliance requirements. We help ensure monthly transactions are recorded properly, bank accounts are reconciled, and supporting documents are kept in order. This reduces the risk of missing entries, inaccurate reports, or last-minute issues during year-end accounts preparation.
02
One-Stop Solution
We provide bookkeeping support that connects naturally with your wider business needs, including accounting, payroll, tax filing, GST preparation, corporate secretarial matters, and software support. This means your records are not handled in isolation. They are maintained in a way that supports management reporting, IRAS filing, and future business decisions.
03
Fast & Hassle-Free Process
Our process is built to make bookkeeping easier for busy business owners. With regular record updates, clearer document requests, and organised monthly or quarterly reporting, you can spend less time sorting receipts, invoices, and bank statements. Proper bookkeeping also makes year-end preparation faster because your records are already structured and ready for review.
What Our Clients Say
Discover how our personalized, professional, and reliable services have made a difference for businesses of all sizes across Singapore.
Mr Noritoshi Obara
We have been using Singapore Accounting and Business Services from 2019 and are very pleased with their Accounting and Secretarial services.
Mr Pudjianto
The amazing services provided by Singapore Accounting and Business Services helped me to innovate and grow the company with ease.
Mr Adarsh
I would like to send a token of my appreciation to “Singapore Accounting and Business Services Pte Ltd” for their excellent services rendered to my Company Incorporation. It is really an amaze and pleasant experiences, very promptly bank account opening services. My company had successfully incorporated within a 1 days. I love this splendid services!
Mdm Shariza
Singapore Accounting and Business Services has been phenomenal! Their services have released me to focus on building the company. It has been nice working with them because of how personal they are too! I love the experience and how professional their services are.
Mr Andy Chiu
I applaud the professionalism shown by Singapore Accounting and Business Services in helping me to incorporate my company within 2 hours. They also helped me to meet all my accounting deadlines with ease. I have engaged their accounting services from 2021 and they have never let me down. My heartfelt thanks!
Mr Harshil Chovatia
We received immediate attention as we switched over to Singapore and Accounting Business Services for their Secretarial, Accounting and Nominee Director services. We highly recommend working with them!
Worried about missing IRAS or ACRA deadlines?
Let our trusted experts handle your accounting, taxation, and secretarial needs, so you can focus on growing your business
FAQs About Bookkeeping Services
What are bookkeeping services?
Bookkeeping services involve recording, organising, and reconciling a company’s financial transactions. This includes sales, expenses, bank activity, supplier payments, and customer receipts. Proper bookkeeping keeps financial records accurate throughout the year and supports smoother accounting services that Singapore businesses may need for reporting, tax filing, and compliance.
What bookkeeping software is best for Singapore SMEs?
The best bookkeeping software depends on your business size, budget, transaction volume, and reporting needs. Xero, QuickBooks Online, and ABSS are commonly used options. ABSS may suit SMEs that prefer a familiar local accounting system, while cloud platforms may suit businesses that need remote access and integrations.
Why do businesses need to avoid manual data entry?
Manual data entry increases the risk of duplicate records, missed invoices, incorrect figures, and delayed reporting. As transaction volume grows, these errors can affect cash flow visibility, GST preparation, and year-end accounts. A structured bookkeeping service that businesses in Singapore can rely on helps reduce repetitive work and improves record accuracy.
How often should bookkeeping be done?
Bookkeeping should usually be done monthly, although higher-volume businesses may need weekly updates. Regular bookkeeping keeps bank reconciliation, accounts payable, accounts receivable, and expense records up to date. It also helps SMEs prepare earlier for the taxation services that Singapore businesses require at year-end or during GST filing periods.
Should bookkeeping and payroll be handled together?
Bookkeeping and payroll are often handled together because salary payments, CPF contributions, reimbursements, and staff claims affect company accounts. Combining bookkeeping with payroll outsourcing services used by Singapore businesses can keep financial records more complete while reducing administrative work for business owners and internal teams.
Contact Us
Have questions or need assistance? Get in touch with us today and let our experienced team help your business thrive.