Top Bookkeeping Services in Singapore

If you started small, with only one or two employees, it probably made a lot of sense to handle your bookkeeping and payroll tasks in-house. You could process payments in less than 30 minutes, especially since you weren’t paying yourself yet.

But as your business grew, bookkeeping became another chore that you figured was better off left to professionals. It also became clear that your time was better off spent on growing your business rather than stressing over bookkeeping.

What’s Bookkeeping?

Bookkeeping is an organised way to record, store and retrieve the financial transactions of a company or organisation. It’s the way companies track and record details of their income and expenses using printed books and bookkeeping software such as QuickBooks.

Types of Bookkeeping

There are two main types of bookkeeping:

·     Single Entry

Single entry is the simplest of the two types of bookkeeping solutions. It’s mostly used by small, start-ups and sole traders that keep their financial records on excel type spreadsheets and printed papers. The minimal requirement for this type of bookkeeping is a cashbook, which must clearly show your income and expenses incurred over a predetermined period (say, one month or one full year).

·     Double Entry

This is the most advanced of the two types of bookkeeping, created using advanced bookkeeping software such as QuickBooks or Xero. Included in the records are cash books, loan tracking, payroll, inventory, trial balances, ledgers, journal entries, and receivables.

The Importance of Bookkeeping

Here are a few reasons bookkeeping is important:

  • It helps business owners to know if they’re making profits or losing money instead.
  • It helps business owners to calculate their taxes before filing their tax returns.
  • The records can help a manager decide if you’re worth lending money to should you decide to sell your business
  • Organised bookkeeping may help a prospective buyer reach an easy decision should you decide to sell your business


Top Bookkeeping Companies in Singapore


DNA Corporate Top Accounting Firms in Singapore

Accounting Firm

DNA Corporate Services

About DNA is a corporate service provider, expertise in accounting, GST, tax, corporate secretary and payroll. With a team of highly qualified and experienced CPA, this firm provides professional, personalized services and customizing corporate solutions for business start-ups and SMEs to grow your business.
Services • Accounting and bookkeeping
• Corporate Tax
• Goods and Service Tax
• Corporate Secretary
• Payroll Services
Address 73 Ubi Road 1, #06-54 Oxley Bizhub,, Singapore 408733
  • (65) 6242 3161
  • (65) 8338 8041
  • (65) 8200 7373


Left Right Top Bookkeeping Services in Singapore

Bookkeeping Service

Leftright Corporate Pte Ltd

About LeftRight is your ultimate business solution in Singapore. They’re here to help you out with anything that your business may need to stay up and running. Specifically, they’ll be more obliged to take accounting and bookkeeping off your hands and run with it like the professionals they are.

With the services they offer, they could save you the time that you could have otherwise wasted on manual entry. Their goal is to make sure that your ledger is well-maintained and updated.

Key Services
  • Business Registration & Incorporation
  • Company Secretary Services
  • Accounting & Bookkeeping
  • Tax Computation & Filing
  • Unaudited Financial Statement Compilation
Notable Clients
  • OLX
  • Polyart International
  • Hwa Lian Electronics
  • Visual Mass
  • Tails Inc


  • Address:  190 Clemenceau Avenue, Singapore Shopping Centre, #06-06, Singapore 239924
  • Tel: +65 3159 4755.
  • Website:
  • Email:
  • “We are fully satisfied with their Incorporation and new business registration services. Thank you for all your support.”


SG Accounting Top Bookkeeping Services in Singapore

Bookkeeping Service

Singapore Accounting Services

About Singapore accounting is one of the most trusted SME accounting and bookkeeping services providers. They also deal with company incorporation, income tax filing, company registration, and company secretarial services, among others.

They have a team of accountants that not only take bookkeeping and accounting tasks off your plate but also provide your business with valuable business insights that you may find useful when making management and performance decisions.

Key Services ·      Payroll Service

·      Corporate Tax Filing

·      Xero Accounting

·      Accounting and Bookkeeping

·      Strike Off Company



Address: 10 Anson Road, 38-03 International Plaza, Singapore 079903

Tel: (65) 6750 4455



Review “Thank you, Singapore Accounting, for your outstanding services, especially in setting up a new accounting process and system for our company. With the new system, our company’s complex accounting operations were simplified, saving us much time and money! Overall, we are satisfied with Singapore Accounting’s professional services. Prompt and efficient. Will not hesitate to recommend Singapore Accounting to other companies!”


J-Accounting Top Bookkeeping Services in Singapore

Bookkeeping Service

J Accounting Pte. Ltd.

About J Accounting is all about transforming your business for the better. They do this by implementing cloud-based bookkeeping and accounting solutions that will help you save time and reduce workload.

They’re trusted and one of the most reliable bookkeeping service providers you’ll ever come across in Singapore.

Key Services
  • Incorporation
  • Secretarial
  • Accounting
  • Payroll
  • Taxation


Address: A’Posh Biz Hub #05-34, 1 Yishun Industrial Street 1, Singapore 768160

Tel: (65) 8606 4328



Review 1 “J Accounting had provided us with excellent fantastic services. This team is highly competent and professional. They put their heart and soul into their work. They had also been responding to our questions promptly, and provided us with relevant updates but don’t bombard us with unnecessary information. The whole J Accounting team especially Isaac and Rebekah had been awesome! We wish we had found them sooner.”
Review 2,1


Achi Biz Top Bookkeeping Services in Singapore

Bookkeeping Service

Achi Biz

About Achi Biz delivers a full-line of accounting services, such as management consulting, taxing, immigration, and payroll. The clients range from small to medium-sized enterprises to the giant brands you see around. They’re do not offer themselves as vendors of these services but as your strategic partners that work to ensure success flies both ways.
Key Services ·      Account

·      Recruitment

·      Work Passes

·      Immigration

·      Secretarial



Address: 111 North Bridge Road, #07-14 Peninsula Plaza, Singapore 179098.

Tel: (65) 6904 8665


Review “Excellent service! Prompt answers and smooth transaction! They managed to assist me very quickly and solved my issue in no time. Highly recommend using their services!”



Bookkeeping Service

Onestop Professional

About Onestop Professional Singapore-based CPA firm with over 30 years of combined experience. Onestop Professional provides a Onestop full range of corporate services including accounting, audit, company incorporation, corporate secretarial, taxation and etc. Feel free to WhatsApp or call us for a free consultation!
Key Services
  • Audit Services
  • Incorporation
  • Accounting & Bookkeeping
  • Corporate Secretary Services
  • Corporate Tax Filing


Address: 10 Anson Road, #13-09 International Plaza, Singapore 079903

Tel: + (65) 9644 9531




Tian Long Top Bookkeeping Services in Singapore

Bookkeeping Service

Tianlong services

About Tianlong offers to help you run your business swiftly and smoothly. They have the experience to facilitate all this by helping you manage your bookkeeping and accounts beyond the required professional standards.

Once hired, the company will take the entire accounting load off your hands – and handle your bookkeeping needs from start to finish. They handle everything, including auditing – so you can start focus on what matters the most, and that’s is growing your business.

Key Services ·      Accounting Services

·      Bookkeeping

·      Taxation services

·      Statutory Audit Services



Address: 2 Kallang Ave, CT Hub #06-22, Singapore 339407

Tel: (65) 8809 9315



Review “Tianlong services has provided my company accounting services for the past year. I’m pleased to write this review to recommend Tianlong Services for the monthly accounting and tax services that I’m engaged with them. Thank you again.”


Back Office Top Bookkeeping Services in Singapore

Bookkeeping Service

Backoffice Consulting

About Back Office Consulting is targeted at small business owners and sole proprietors with no prior bookkeeping experience. Their expertise and experience allow them to provide reliable bookkeeping services that match the rules and regulations set by SFRS (Singapore Financial Reporting Standards). They do the hard work so that businesses don’t have to.
Key Services ·      Company Registration Services

·      Taxation Services

·      Bookkeeping Services

·      Accounting Services

·      Payroll Services



Address: 60 Paya Lebar Road, #08-05 Paya Lebar Square, Singapore 409051

Tel: (65) 8298 4410




ACE Financial Top Bookkeeping Services in Singapore

Bookkeeping Service

Ace Financial Accounting

About Ace Finance was started with one goal in mind – to solve one common problem that many businesses in Singapore have. A casual glance around reveals that many businesses in Singapore struggle with bookkeeping and accounting. Ace Finance has been purposing to fill this gap.

The company goes beyond offering these services. They try to walk their clients into the steps involved and make sure that they understand everything so that they can be able to apply them in the future.

Key Services ·      Tax Services

·      Human Resource Services

·      Audit services

·      Accounting Services

·      Company Incorporation Services



Address: 20 Colley Quay, #23-01, Singapore 049319

Tel: (65) 6969 2085



Review “Switched my Company Secretary to ACE Financial Accounting earlier this year, and really satisfied with their services.”


Pikai Top Bookkeeping Services in Singapore

Bookkeeping Service


About Pikai is one of the few bookkeeping and accounting firms that we vouch for. They’re not your ordinary bookkeeping firm. They have partnered with Xero, one of the leading cloud accounting software solutions from New Zealand, and which enables them to deliver additional value-added services such as CRM, Inventory, and Point of Sale.

The company caters to a broad selection of businesses, regardless of size. They’re committed to ensuring they provide their clients with services that make their businesses run smoother and easier.

Key Clients ·      ComAp

·      HealthQuest

·      Sports Solution

·      Fitness Factory

Key Services ·      Bookkeeping

·      Accounting Services

·      Xero Setup and Conversion

·      Licensed Fund Management Companies



Address: Asia Square Tower 2, 12 Marina View #11-01, Singapore 018961

Tel: (65) 6493 0368



Review “Brilliant service, extremely friendly, positive, responsive, and prompt. Lin and the team worked extremely hard to give us maximum benefit and advice for the funds expended. I would personally recommend the team at Pikai to anybody seeking the help of professional business advisers, company secretaries, and accountants in Singapore. They, in my view, are simply the best.”


Ceres Top Bookkeeping Services in Singapore

Bookkeeping Service

Ceres Pacific

About Ceres Pacific is a Singapore-based accounting and bookkeeping solution, a one-stop accounting firm for small-medium, and giant brands. Ceres recognises every business as unique. As a result, they offer customised accounting solutions that are tailored to the specific needs of every single one of the clients that reach out to them.

Their team consists of qualified and trained accountants, with many years of experience in auditing and commercials,

Key Services ·      Corporate Tax Filing

·      Outsourced Accounting

·      Incorporate Services

·      Secretarial Services

·      Annual General Meeting



Address: 1 Gateway Drive, #10-16 Westgate Tower, Singapore 608531

Tel: (65) 6904 8586




AG Top Bookkeeping Services in Singapore

Bookkeeping Service

Ag Singapore

About Efficient bookkeeping is mostly about paying attention to the little details and beating deadlines. AG Singapore understands this, and that’s why their team consists of capable accountants that are committed to keeping your accounts in check at all times. To confirm that they’re committed to offering only the best of bookkeeping solutions, the agency has a 30-day money-back guarantee just in case their services fail to match your standards.
Key Clients ·      GT Group

·      Evatec Sea

·      Park Regis Singapore

·      Singyasin Holding

·      PSA Corporation

Key Services ·      GST Services

·      Accounting Services

·      Payroll services

·      Tax Services

·      Corporate Financing



Address: 111 North Bridge, #07-11, Singapore 179098

Tel: (65) 9383 2464



Review “Very fast company set-up. Friendly and approachable support team. They even arranged for bank account opening in very short time, bringing the banker to their office for account set-up. Highly recommended”


SBS Top Bookkeeping Services in Singapore

Bookkeeping Service

SBS Consulting

About SBS consulting main line of service is company incorporation and registration. They’re also a one-stop-shop for all the corporate needs of businesses. Since 2010, the company has recorded consistent growth, having worked with thousands of satisfied clients from different parts of the world.

They’re associated with quality, innovation, competitiveness, and customer friendliness. Their dedication is on understanding the needs of their clients by delivering customised and cost-efficient solutions.

Key Services ·      Transfer of shares

·      Audit services

·      Accounting Services

·      Incorporation Services

·      Payroll Services



Address: High Street Centre, #18-03, 1 North Bridge Road, Singapore 179094

Tel: (65) 6536 0036




WLP group bookkeeping services in singapore


Bookkeeping Service

WLP Group

About WLP Group is a corporate service provider based in Singapore. As a one-stop service provider, WLP Group provides services from accounting to company incorporation. Contact us for a free consultation with our experienced consultants!
Key Clients
  • NUS
  • Singapore Police Prison
  • Tan Tock Seng Hospital
  • The Cocoa Tree
  • ApprovalMax
Key Services
  • Accounting services
  • Company incorporation services
  • Immigration services
  • Payroll management services
  • IT solutions


Address: 100 Jalan Sultan, #02-44 Sultan Plaza, Singapore 199001

Tel: +65 6493 2970




WhiteSleeves Top Bookkeeping Services in Singapore

Bookkeeping Service


About Whitesleeves is here to take care of your finances, so you don’t have to be bothered by it.  It’s one of the most updated and advanced bookkeeping companies that you’ll ever come across. Their portfolio reveals that they’ve worked with hundreds of both small and medium-sized companies in helping them with bookkeeping and taking care of their financial accounts.
Key Services ·      GST Filing

·      Bookkeeping

·      Tax Planning

·      Corporate Secretary

·      Financial statement



Address: Level 24, Vision Exchange, 2 Venture Drive, Singapore 608526

Tel: (65) 6817 7476



Review “I am in the MLM industry, and I always look for people to do my TAX. Nobody has ever done such a good job ever! Best service at a reasonable price! Thank you, Whitesleeve!”


Venture Haven Top Bookkeeping Services in Singapore

Bookkeeping Service

Venture Haven

About Venture Haven is a bookkeeping firm we recommend to businesses that are just starting. You can benefit from their many years of professional bookkeeping experience. Their skills, knowledge, and expertise allow them to offer excellent accounts and bookkeeping solutions to newly established and long-running businesses in Singapore.
Key Services ·      Outsourced Bookkeeping

·      Web Design

·      Company incorporation and Registration

·      Company secretary

·      Passes and Immigration



Address: 531A Upper Cross Street, #04-95 Hong Lim Complex, Singapore 051531

Tel: (65) 6444 3130



Review “I’m so glad I went with VentureHaven. Dean is really helpful, and they provide prompt and valuable support not just at the initial stage but along the way. Much much appreciated!”


Marginwheeler accounting services and bookkeeping services singapore

Bookkeeping Service

Margin Wheeler Pte Ltd

Key Services
  • Company Incorporation
  • Corporate Secretary
  • Accounting (Monthly/Quarterly/Yearly)
  • Financial Statements
  • Tax


Address: 21 Bukit Batok Crescent #15-75 Wcega Tower Singapore 658065

Tel: 6272 0820



  • Burger King
  • BYD
  • Roadbull
  • Anytime Fitness
  • Singapore Heart Foundation
Review Have switched between many service providers. Margin Wheeler is by far the most accomplished provider for my company’s secretarial and accounting needs.


Piko Hana Top Bookkeeping Services in Singapore

Bookkeeping Service


About Picohana got you covered on all matters accounting and bookkeeping. They offer to help your business grow and scale through effortless back-office outsourcing.

The company is more than a service provider. They’re your strategic partners for back-office automation, working with an in-house team of financers, accountants, and administration professionals.

Key Clients ·      Ghost

·      Wealth-X

·      Alto Partners

·      Highend Media

·      Wealth in Asia

Key Services ·      Business Process

·      Payment Processing

·      Audit Support Services

·      Payment Processing

·      Company Incorporation Services



Address: 1 Fusionopolis Place, Level #03-20 Galaxis West Lobby, Singapore138522

Tel: (65) 9327 1966



Review “Matt & team were very responsive, professional & most importantly, trustworthy. On-time with their deliverables all the time !”


SG Accounting Service Top Bookkeeping Services in Singapore

Bookkeeping Service

ZE Accounting Services

About ZE Accounting is one of the most sought-after bookkeeping and accounting services providers in Singapore. They offer all the services you may need to both maintain and update your financial books.

They have professional accountants and bookkeepers that work to ensure their customers receive the best accounting services that the market has to offer.


  • Audit and Assurance
  • Tax Services
  • Accounting Services
  • Preparation of XBRL
  • Preparation of unaudited financial statements
Address 14 Robinson Road, #08-01A Far East Finance Building, Singapore 048545
Key Services
  • Audit and Assurance
  • Tax Services
  • Accounting Services
  • Preparation of XBRL


+65  6667 3158



Review  ” Prompt, Efficient, Friendly and Highly Professional Service”


Alpha Business Top Bookkeeping Services in Singapore

Bookkeeping Service

Alpha Business Solution

About One thing you’ll admit is that no one has it easy handling their business operations. It’s tough, especially when you’re just starting and have so many things on your plate.

In comes Alpha Business solution, which serves to take all the hardship off handling your finances. The company offers a full range of bookkeeping services, in addition to guiding businesses to government requirements and financial management.

Key Services ·      Bookkeeping

·      Incorporation of Company

·      Accounting

·      Corporate Secretarial



Address: 59 Ubi ave 1, #03-11 Bizlink centre, Singapore 408938

Tel: (65) 6746 7858



Review “It was a pleasure to work with Brian. He clearly defined the requirements to get my business going and the document procedures went much faster than I expected. He shares lots of great insight. Looking forward to continue working with him.”


JM Management Top Bookkeeping Services in Singapore

Bookkeeping Service

JM Management and Accounting

About JM Management offers bookkeeping and accounting services to a wide selection of businesses without being restricted by size. Their team consists of professional accountants that use MYOB to ensure there are no errors in your accounts. They’re also known for generating essential reports that provide incredible insights that could help with the financial decisions that you make.
Key Services ·      Bookkeeping Services

·      Payroll services

·      Secretarial Services

·      Taxation Services



Address: 8 Burn Road, #07-14 Trivex, Singapore 369977

Tel: (65) 6900 2489




Upvue Top Bookkeeping Services in Singapore

Bookkeeping Service


About Upvue didn’t venture into this line of business to play. They’ve cemented their place as one of the most trusted and reliable bookkeeping and accounting firms in the country. They’re the right people to contact if you’re looking for flexible bookkeeping services in Singapore. Plus, all their services are tailored to match your unique business needs.
Key Clients ·      Rain Trees

·      Insight

·      Shang Dental

·      Back to Life

·      Cynosure

Key Services ·      Tax Services

·      Virtual CFO Services

·      Company Secretarial Services

·      Accounting Services

·      Company Incorporation Services



Address: 2 Venture Drive #10-04 Vision exchange, Singapore 608526

Tel: (65) 6969 9622



Review “Nicole and her team are highly professional and efficient. In addition to being able to incorporate a new company and set up bookkeeping within a short period of time with minimal hassle, they further value add to business owners by providing very practical and cost-effective solutions. Highly recommend and will not hesitate to use again.”


Ace Global Top Bookkeeping Services in Singapore

Bookkeeping Service

Ace Global Accountants and Auditors

About Ace Global stands out for professionalism. They’re one of the most committed and efficient bookkeeping service providers you’ll ever come across. They also have one of the most reliable and dedicated support team.
Key Services ·      Company registration

·      Accounting

·      Taxation Services

·      Auditing Services

·      Legal Service



Address: 133 New Bridge Road, Chinatown Point #10-03, Singapore 059413

Tel: (65) 9061 2851





“This is to let you know that Ace Global Accountants has provided accounting services for Verve Technology Services Pte Ltd.
They have done a commendable job in both requesting for supporting documents and preparing the financial statements for our company.
Ace Global Accountants has always performed its work promptly and accurately, as well as the staffs have always been helpful and friendly. Our company has been pleased to work with them in the past and we look forward to working with them in the future. ” —
SHROFF  ABDUL RAHMAN SHROFF , CEO of Verve Technology Services Pte Ltd
“I commend your dedication to provide different types of services to our Company including Bandari Pte. Ltd., Hawthorne Manpower Consulting Pte. Ltd., Glocal Business Consulting Pte. Ltd. and Indus IT Solutions Pte. Ltd. for the past few years. It is a privilege to acknowledge your and your staff’s efforts and recognize the valuable services your Company has provided to us.
It is always gratifying to work with such great people with extraordinary abilities to provide good and prompt services.
Thank you for the extra effort you put forth in assisting us all these years. I wish your Ace Global Accountants well. ” — MADDULA VENKATA SATYA RAJA RATNAKAR
“We have worked with Ace Global Accountants for a number of years. We have received services like accounting, annual return, work permit application, EP application and etcetera from them.
The work that they produced to us are great. While we have never had any problems with Ace Global Accountants, I am left confident that if we did, they would resolve any issues promptly. We would highly encourage other businesses to try working with Ace Global Accountants and benefit from them like we did. ” –Singh Anju Kumari


Gauge Top Bookkeeping Services in Singapore

Bookkeeping Service

Gauge Tax and Accounting Services

About G Tax is here to help you out with all your bookkeeping and accounting needs. They’re dedicated to helping you optimise your resources and bring more clarity to your business. Their team of accountants works around the clock to make sure your financial books are both clear and cohesive.
Key Clients ·      CPA

·      ISCA

·      ACRA

·      Central Provident Fund Board

·      Inland Revenue Authority of Singapore

Key Services ·      Sustainability and Biz Advisory

·      Accounting

·      Corporate Secretarial Services

·      Tax and GST Filing



Address: 19 Cecil Street, The Quadrant, #04-00, Singapore 049704

Tel: (65) 6811 8987



Review “Great Service and consultancy from Stephen!”


The Purpose of Bookkeeping

Bookkeeping serves to:

·     Record financial transactions

Identify and organise your business transactions into proper account categories. For instance, when you make a sale, that’s recorded into your income accounts, and so on.

·     Communicate financial results

After recording your financial transactions, a report of your financial transactions can be produced to communicate what happened with your business money. Examples of these reports are the balance sheet and income statement.


The Difference Between Bookkeeping and Accounting

Bookkeeping and accounting do not mean the same thing.

Whereas bookkeeping is the day-to-day recording of your financial goings, accounting is the pulling together of all the bookkeeping records and organising them into a standardised annual financial statement.


Things to Consider When Choosing Bookkeeping Services in Singapore

Here’s a list of things to keep in mind when choosing bookkeeping services in Singapore:

·     Cost-Effectiveness

You have to look at three things when it comes to cost.

What the actual cost of outsourcing the bookkeeping services?

What services do you get?

And what’s your budget?

Never settle for a bookkeeping service simple because they’re relatively cheap. The last thing you want is to skimp on this one.

·     Your Requirements

Before you go around looking for a bookkeeping company to outsource, take a look at yourself and analyse all your financial requirements. There should be something specific that you want the bookkeeping company to help you out with. Identify all the areas that you think it’s a challenging mission for you to control the financial flow.

·     Skillset

You’re not hiring someone to help you out with some simple math. You’re on the lookout for someone with a financial vision for your company. By hiring a good auditor, you can trust that they’ll help you grow in so many ways by looking after your company money.

·     Stability

One common complaint about many bookkeeping service providers in Singapore is that they’re unstable and irregular. Many of them tend to change the bookkeeping professionals that they send to their clients. Consequently, this often leads to a series of problems. For instance, after you had adjusted to working with a particular professional, being sent a new one means you have to go back to where you started and work everything out from scratch again.

·     Easy Communication

Communication can be a huge problem when working with a bookkeeping service that you found online, especially if they’re from a different country. You might experience a language barrier, communication mistranslation, mismatch time, etc. Even when working with a bookkeeping service provider from Singapore, you may find that they have different work ethics or belief system from you.


Examples of Bookkeeping Software for Small Businesses

Today, bookkeeping is done using software, not traditional systems. The most popular of these software options are QuickBooks.

·     QuickBooks

Starting Price: $8 per month

QuickBooks uses the double-entry bookkeeping system. What’s great about this software is that the user doesn’t have to well-versed in the double-entry system to be able to use this software. It’s also one of the most user-friendly software options you’ll ever come across. Primarily, it’s designed to help you minimise common bookkeeping mistakes people make all the time.

·     FreshBooks

Starting Price: $15 per month

FreshBooks is an ideal choice of bookkeeping software solution if you run a subscription-based business, where you send out recurring invoices. The software is pretty much advanced. It’s even designed to show you the exact location your customers open their invoices. With this, no customer should ever fool you with “I never got the invoice” excuse.

·     Pabbly

Starting Price: $9 per Month

Pabbly is a subscription management bookkeeping solution for small to medium-sized businesses. It’s designed to provide real-time actionable metrics and reports on your monthly revenue, payments, new subscriptions, active customers, new revenue, and active customers. It also automates customer communication, invoice creation, and business workflows so you can focus on growing your business.

·     Wave

Starting Price: Free

Waves is a great bookkeeping solution for freelancers or small businesses with small work staff. Most of the services offered are free, including transaction and invoice management. Plus, it’s easy to sync all of your business’s information with Wave’s software. Meaning, your bookkeeping will always stay updated. However, the software cannot do inventory tracking, built-in time tracking, and project management.

·     Sago 50Cloud

Starting Price: $50.58

Sago is another great bookkeeping solution for small to medium-sized businesses in Singapore. It lets you save time on administrative tasks by sending invoices, tracking payments, and expenses, as well as calculating your taxes. The only thing it doesn’t offer is a time tracking and collaborative platform, whereas for payroll, you have to get it as a separate product.


Benefits of Bookkeeping Software

·     Increase reporting accuracy

Bookkeeping software solutions supply businesses with accurate and timely financial information. Suppose you need your cashflow report in two hours or so. With some software systems, there are built-in modules that allow you to create such a report by just filling in a form or through a simple click of a button. You don’t have to spend hours creating up the report manually.

·     Speeds up accounts processing

Bookkeeping software is more efficient and quicker at processing data. The speed stems from the fact that computers are pretty fast at processing figures compared to the human brain. They’re also more accurate and less likely to make errors. Some of the processes can even be automated.

·     Provides necessary reports for accounting

Most bookkeeping software solutions allow you to supply accurate and timely financial information to your staff members. For instance, suppose one of your directors’ requests for a cashflow report two hours before a meeting that they’re set to attend. With a bookkeeping solution, that can be generated by a simple click of a button or by simply filling in the form provided.

·     Data is backed up

A bookkeeping software automatically backs up your data. And since everything will be stored in the cloud, you can be sure your data will be safe should anything happen to your physical premise or computer.

·     Reduces overall cost

The speed and efficiency associated with using bookkeeping software always lead to reduced overall costs. Using a bookkeeping solution means you’ll be able to do more in a limited amount of time. This allows you to do your bookkeeping with an even smaller team, which in the end, will see to it that your overall cost is drastically reduced.


Bookkeeping Options for Small Businesses in Singapore

Business owners do have options when it comes to bookkeeping.

·     DIY Bookkeeping

The first option is folding up your sleeves to do your own bookkeeping. This option allows you to be your own bookkeeper. It can be time-consuming and may demand that you learn about bookkeeping, but it’s an option worth considering if you’re operating on a limited budget.

·     Outsource it to Company or Firm

The second option is to hire a bookkeeper or bookkeeping firm that you can outsource the service to. This option allows you to let your bookkeeping be handled by a professional and to that effect benefit from their experience.

·     DIY Software

DIY software tries to make bookkeeping easy. They’re an option worth considering if your bookkeeping experience and knowledge are nothing to write home about. However, you have to bear in mind that a DIY bookkeeping solution won’t educate you on Singapore’s tax code, regulations, or requirements.

·     Automated Bookkeeping Solution

The last bookkeeping option is to adopt a fully automated bookkeeping service like the one we just mentioned. With this option, you have to research around for a bookkeeping solution that’s perfect for your company.


How to Become a Certified Bookkeeper in Singapore

Are you thinking of venturing into bookkeeping or doing your own bookkeeping?

Well, here are the necessary steps to take if you’re looking to become a certified public bookkeeper in Singapore:

It’s possible to become a bookkeeper with your high school education, where you’ll be learning everything on the job. But it helps to pursue further education in the field. You don’t necessarily need a university education. Most bookkeepers do pretty well with a certificate or diploma.


Which Training Should You Get?

There are plenty of tertiary education providers that you can matriculate with today. You can also sign up for an online course where you’ll be taught about the basics of bookkeeping.

·     Bookkeeping Training Institutes

The Institute of Certified Bookkeepers (ICB) is one of the largest bookkeeping institutions in the world. The institution offers both certificate and diploma courses that you can enrol for today and get started. For Singapore you will want to work with the Institute of Singapore Chartered Accountants (ISCA).


The Key Skills You’ll Need to Become a Professional Bookkeeper in Singapore

·     Attention to Detail and Numerical Accuracy

You’re being offered a job because your employer wants you to help them keep their financial records more organised and neater than they’re already are.

·     Analytical Mind

You’re considered a better bookkeeper when you can solve problems and come up with quick solutions.

·     Strong Communications Skills

You may be required to explain certain things to your employers and business owners in general. This is the only way to gain their trust and inspire confidence in you.

·     Multitasking and Good Organisation

If you’re planning to set up a bookkeeping agency, you’ll, of course, find yourself juggling more than one client at a go. There’ll be so many requests coming in and an overwhelming number of regular tasks demanding your attention

·     Strong Computer Skills

Bookkeeping has shifted. It’s no longer carried out manually, but with software and applications that you have to master and update yourself on.


What do You Need to Set Up Your Own Bookkeep Services in Singapore?

You need a combination of three things to set up a fully functional bookkeeping service in Singapore – education, certification, and experience with some of the bookkeeping tools. Also, some clients may want to dig through your portfolio and see if any business endorses you.

On top of all that, you must be genuinely driven to help other businesses succeed.

·     Bookkeeper Job Description

A bookkeeper’s job descriptions sum up a list of tasks that fit into the role of a bookkeeper.

Large businesses tend to employ more than one bookkeeper, which means these tasks may be split among them. However, a small business owner doing their own bookkeeping may be forced to handle it all themselves unless they choose to outsource it to a professional.
Some of these tasks include:

  • Complete tasks in due time
  • Scan documents
  • Deliver bank deposits
  • Access to online banking
  • Maintain cheques and chequebook
  • Deliver bank deposits
  • Debt collection
  • Collect Employees timesheets
  • Liaise with tax accountants
  • Maintain Inventory Account
  • Maintain Account charts, and so on.



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About the Author

Tom Koh

Tom is the CEO and Principal Consultant of MediaOne, a leading digital marketing agency. He has consulted for MNCs like Canon, Maybank, Capitaland, SingTel, ST Engineering, WWF, Cambridge University, as well as Government organisations like Enterprise Singapore, Ministry of Law, National Galleries, NTUC, e2i, SingHealth. His articles are published and referenced in CNA, Straits Times, MoneyFM, Financial Times, Yahoo! Finance, Hubspot, Zendesk, CIO Advisor.


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