BOOKKEEPING SERVICES
Your business is required to maintain proper records of the financial transactions and retain the source documents, accounting records and schedules, bank statements and any other records of transactions connected with your business. Failure to keep and retain records may subject you to unwanted and unneeded penalties under the Income Tax Act and/or GST Act.
We provide a full range of affordable computerised accounting and bookkeeping services which includes:
- Keeping a full set of accounts on monthly, quarterly, half yearly or yearly basis
- Preparing monthly, quarterly and/or yearly P& L and Balance sheet audit schedules such as fixed assets register, deposit, accrual, prepayment, other debtors, other creditors, other details listing such as hire purchase, etc…
- Liasing with auditors and audit query clearance
- Accounting for Input GST, Output GST and reconciliation of net GST payable to or receivables from IRAS
- Monthly management financial statement reporting such as Trial balance, P&L, Balance Sheet, Bank Reconcilation statement and cash flow statement
- Year-end budgeting, forecasting and cash flow projection for management reporting