Book Keeping

Excellence Singapore Book-keeping

Book keeping

Book-keeping is a time consuming task that require commitment in ensuring that the documents and filed in a organized manner.

Excellence Singapore understands that not many businesses have the privilege to engage an individual solely for the sake of doing book-keeping. Now with our book-keeping services you will be able to save cost especially where you do not need a full-time book-keeper.

Our professional accountant will help to streamline the process and ensuring that data are filed correctly in an organized manner.

Some of the services that we provide:

  • Book-keeping on a monthly, quarterly, half-yearly or yearly basis with management accounts
  • Preparation of full sets of accounts with the financial statements
  • Bank reconciliation

Every company, business and not-for-profit entity in Singapore needs a reliable bookkeeping system based on the Singapore Financial Reporting Standards and/or Generally Accepted Accounting Principles (GAAP).

Bookkeeping is an indispensable subset of accounting. Bookkeeping refers to the process of accumulating, organizing, storing, and accessing the financial information based of an entity, which is needed for two basic purposes:

  • Facilitating the day-to-day operations of the entity
  • Preparing financial statements, tax returns, and internal reports to managers

Bookkeeping (also called recordkeeping) can be thought of as the financial information infrastructure of an entity. The financial information base should be complete, accurate, and timely. Every recordkeeping system needs quality controls to built into it, which are called internal controls.