Outsourced Bookkeeping Services Singapore

Focus on growing your business.
Atriox Management will make accounting & bookkeeping hassle-free for you.

Bookkeeping is an entry process of all financial details and transactions such as expenses, income, assets and so on. It is crucial to have a proper and organised bookkeeping system in place to ensure the business run smoothly and makes the accounting process easier. Also, all Singapore companies are required to prepare and keep a book of accounts mandated under the Singapore Companies Act and Income Tax Act. This consists of a Profit and Loss Account, Balance Sheet, Cash Flow Statement, and Equity Statement – all of which must be in accordance with the Singapore Financial Reporting Standard (SFRS). 
 

At Atriox, no client is too big or small. Our experienced and certified accountants will maintain your Book of Accounts in a timely manner to provide a true and fair representation of your company’s financial records.

 

The Difference Between Bookkeeping and Accounting?

Accounting and bookkeeping are important functions in managing your business’s finances. However, both processes support your business in different stages of the financial cycle.

 

Bookkeeping is more administrative and focuses on recording and organising the business's daily financial details and transactions. Bookkeeping is also more like a groundwork for the next step - accounting. The complexity of the bookkeeping system is often determined by the size of the company and the amount of daily, weekly, and monthly transactions. Your company's sales and purchases must be documented in the ledger, and some transactions require supporting documentation.

 

Accounting is responsible for interpreting, analysing, reporting and summarising the financial data or transactions. Accounting will review and analyse the financial information recorded during the bookkeeping process and required bookkeeping’s financial transaction records to prepare the financial statement. These analyses and reports will be needed for the business’s audit and allow the business to conduct better future forecasting to make better financial decisions to ensure the business’s stability and growth.

 

Overall, both bookkeeping and accounting complement each other. The organised financial records and correctly balanced finances from the bookkeeping process, combined with wise financial strategy from the accounting process will contribute directly to a company's long-term success.

Benefits of Outsourcing Bookkeeping Services

It is difficult for a growing small business to handle everything from financial management to business development. Here are the benefits of having outsourced bookkeeping services for your business:
 

  1. Professional Consultation
    Delegating the bookkeeping tasks of your business to the experts who are skilled in this specific area will provide professional consultation or advice based on your financial needs.
     

  2. Save Time
    You will save a lot of time learning, hiring or training a new bookkeeper staff. Also, outsourced bookkeeping services will make the bookkeeping and accounting process a whole lot easier and more effective.
     

  3. Cost-effective
    Outsourcing your business’s bookkeeping tasks to a professional accounting service provider is more cost-effective than having it done in-house, especially for small businesses. It reduces the overhead cost of a full-time bookkeeping staff, such as training costs, sick leaves, insurance, bonuses and etc.
     

  4. Flexibility
    As your company's needs change, you have the flexibility to scale up or down your services when you outsource the bookkeeping or accounting tasks.
     

  5. Reduce Errors
    Inaccurate or delays in financial reporting and fiscal uncertainty are the issues you may face that are caused by inefficient bookkeeping systems or undertrained or overworked staff.

Why Choose Atriox for Bookkeeping and Accounting Services in Singapore?​

  1. Experienced and qualified team of Chartered Accountants
    Your account will be handled by our professionals with more than 15 years of accounting experience in various industries. 
     

  2. One-stop solution provider
    Enjoy the convenience as we offer a wide range of services related to accounting, incorporation, corporation secretary, Branding and so on.
     

  3. Flexible and competitive pricing
    Only pay for what you need. We customised a plan based on your business’s needs, giving you the flexibility to work with as your business grows.
     

  4. Cost-effective
    Lower fixed cost of hiring full-time employees or maintaining accounting software.
     

  5. Ensure Compliance
    100%  complies with regulatory requirements and no more missing out on deadlines and incurring potential penalties.
     

Bookkeeping and Accounting Services We Provide:

Our comprehensive cost-effective bookkeeping and accounting services include the following:

Atriox Bookkeeping and Accounting Price Plan

Atriox offers bookkeeping and accounting services at a starting price of $250 for companies with under 50 transactions. We will customise a plan for your business by looking into your business nature and needs such as volume of transactions, frequency of service (eg, monthly, quarterly or annually), add-on service (eg: inventory management) and etc.


Get a FREE Quotation here based on your business requirement now!

FAQs

  1. Why is bookkeeping important?
    ​A systematic and compliant bookkeeping able to produce a clear and detailed financial reporting that is able to:

    1. Provide insights that allow better decision making to manage business finances.

    2. Assess expenses and put cost-saving strategies in place.

    3. Obtain a loan or an investment

    4. Avoid tax penalties due to incorrect income statement declarations
       

  2. Who needs Bookkeeping services?
    All business entities required bookkeeping services, especially in Singapore. It is required by the Inland Revenue Authority of Singapore (IRAS) and the Accounting and Corporate Regulatory Authority (ACRA) that all business entities must keep proper accounting records and documentation.