A Bookkeeper

You Can Rely On

All Accounting begins with Bookkeeping. Affordable Bookkeeping Service Provider for Startups, Small Businesses and SMEs. Bookkeeping Service Fee as low as S$250 per year.

Experienced

Our key accounting professional has more than 15 years of accounting experience in many industries, dealt with audits and even strike off business accounting.

Professional

We are able to provide financial statements for your annual return filing to ACRA and GST filing to IRAS. We are both the QuickBooks Proadvisor and certified Xero Partner. 

Multiple Industries

We have worked and work with multiple industries like trading, clinic, fund management, printing, building management MCST, direct sales, food & beverage and more..

What we Do

We cover an Array of Individual & Corporate Bookkeeping and Accounting Services in Singapore

Bookkeeping Service

Support startups, sole-proprietor, small businesses and SMEs in their effort to outsource their accounting chores in monthly or yearly basis. Generate report for financial tracking.

GST Filing Service

Compile quarterly Goods and Service Tax F5 report with import and export tax if applicable. Assist as Preparer for GST-registered businesses in e-Filing their GST return to IRAS. 

Payroll Services

Provide time card system, computes salary and CPF plus other mandatory contributions for each employee. Itemized payslip and expense report link them to their accounting book.

BOOKKEEPING SERVICES SINGAPORE

At ABOTS, No Client is Too Big or Small

ABOTS is formed by a group of professional bookkeepers, who used to work in a few prestige SMEs. They have acquired many years of experience and knowledge from multiple industries, aim to be their clients’ most value added service provider.

Certified Partner of

Get Started

Don’t Let the Tedious Accounting Chores Burden Your Operation Any Longer

Bookkeeping is a business financial data entry process, which normally records transactions in assets, incomes and expenses. Some businesses failed due to loosing track of their financial expenses without proper recording or wrong entries by inexperienced person; garbage in garbage out. That is why bookkeeping is crucial and all good accounting begins with proper bookkeeping.

When it is done properly, Bookkeeping generate clear financial report that can help to

  • make strategic business decision on investment like assets and etc,
  • evaluate expenses and implement cost control or cost saving strategies,
  • avoid tax penalties due to wrong declaration of income statement,
  • determine the strength of the management.
  • acquire investment or loan.

An online surveys of 204 investors show importance of different information sources for making investment decisions in Singapore

%

Financial Statements

%

Annual Reports

%

Company announcements, Briefings and One-to-one or Shareholder meetings

%

Analyst reports, Stockbrokers and Other public media

Do you spend time working on your bookkeeping chores?

Or your business growth? Which is more affordable to outsource?

Here are some checks whether a business need to outsource their bookkeeping?

N

Cost saving on labour

An accounting clerk with a diploma draws around $30K per year. A Certified Public Accountant draws more than $60K per year. Does it makes sense to employ these professions for business that makes less than few millions a year? If daily business transactions are not much, please consider outsourcing.

N

Less staff management

Managing employee is not easy as in dealing with their morale and competancy, not all have experience in full set accounting. And still need to provide benefits as in salary, leaves, medical, insurance, training and expediture like work space, computer, stationary. Please consider outsourcing accounting.

N

Focus on business process

Business process should be the business owners’ main focus, Accounting is not. Why fumble on time-consuming accounting chores when the business owners have 101 things to improve the business workflow? Let the accounting professionals do their work. Please consider outsourcing accounting.

N

Focus on sales and customers

Business owners should also focus to getting sales, marketing or even branding, not Accounting. They should focus on acquiring customers and keep them. Why fumble on accounting data entry where there are affordable accounting professionals available in the market? Please consider outsourcing accounting.

Most Affordable Bookkeeping Service Pricing

Basic

Steady business flow for
25 transactions or less

$98

Monthly

Bronze

Compile FYE with only
1 to 50 transactions

$250

Per Financial Year

What is Accounting?

Accounting is a process to measure the financial status of a business by recording, organizing, compiling, analyzing, reporting and summarizing of its financial data.

What is Bookkeeping?

Bookkeeping is a process to record the financial transactions of a business and foundation of Accounting process. These transaction records can be classified into revenues & expenses, invoices & sales receipts, petty cash, inventory, fixed assets, account payable & receivable, payroll and etc.

Accounting Resources and Articles

Cash Flow Statement

Cash Flow Statement used in Singapore Cash Flow Statement reports an entity’s true financial health with the inflows and outflows of cash over an accounting period, best used as monthly report. It logs in the actual financial transaction where the money comes and…

Income Statement

Income or Profit & Loss Statement used in Singapore Income Statement (aka Profit & Loss Statement) indicates a business entity’s financial performance over a period, likely to be yearly for tax reporting, with its revenue against expenses. Rather than a…

Balance Sheet

Balance Sheet uses in SingaporeBalance Sheet, in Singapore Financial Reporting Standards SFRS also known as the statement of financial position, is one of the statement of accounts required by the Inland Revenue Authority of Singapore IRAS, for entities to easily file…

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