Accounting & Bookkeeping
Small Business Accounting: 12 Essential Basics You Should Know
The 12 accounting basics every small business should know, plus accounting software options and when to get professional help.
Accounting and bookkeeping
Outsourced bookkeeping by former Big 4 accountants, priced by your number of transactions, not your revenue.
Accurate, meticulous and timely
Our bookkeeping goes beyond number-crunching. Every transaction is recorded and categorised accurately, so you always have a clear, up-to-date view of your company's financial health.
With three levels of checks available, a preparer, a reviewer and a Virtual CFO, you can trust your records and make better decisions on budgeting and cash flow.
What's included
Every plan includes
- Transaction recording with a customised chart of accounts
- Monthly bank reconciliation report
- General ledger, accounts payable, accounts receivable and journal entries
- Management reports, including profit and loss, balance sheet and ageing reports
Three levels of checks
Choose how much review your books get.
- Preparer and executor
- Dedicated reviewer
- Virtual CFO for budgeting and cash flow advice
Add-ons
- Quarterly GST filing, from S$200
- Unaudited financial statements, from S$500
- Preparation of ECI and Form C-S, from S$300
- QuickBooks or Xero cloud software subscription
Pricing
Priced by number of transactions, not by revenue. Quarterly and annual bookkeeping are also available. Contact us for a personalised quote.
Basic Best fit
FromS$100per month
For companies with up to 100 transactions a month.
- Monthly bookkeeping
- Up to 100 transactions a month
- Annual management reports
Standard Best fit
FromS$300per month
For growing companies with 101 to 200 transactions a month.
- Weekly bookkeeping
- 101 to 200 transactions a month
- Quarterly management reports
Premium Best fit
FromS$500per month
For busy companies with more than 200 transactions a month.
- Daily bookkeeping
- More than 200 transactions a month
- Monthly management reports
Getting started is simple
Free 30-minute consultation
We learn about your business and recommend the plan that fits, so you only pay for what you need.
Onboarding
You share bank statements, invoices, receipts and supplier invoices using our checklist, and we set up your chart of accounts.
Ongoing bookkeeping
We keep your books on Xero or QuickBooks and reconcile your bank every month. Depending on your plan, you can see your data at any time.
Regular reports
You receive management reports monthly, quarterly or yearly, depending on your plan.
Questions, answered
Can't find yours? Ask us directly and a partner will reply.
What does your bookkeeping package include?
Transaction recording, bank reconciliations, financial statement preparation, accounts payable and receivable management, and monthly, quarterly or yearly financial reporting.
How do I get started?
Reach out through the form or give us a call. We'll schedule a free 30-minute consultation to understand your business, explain our services and guide you through onboarding.
How is your pricing structured?
Pricing is transparent and based on the number of transactions, depending on the plan you choose. The prices above are for monthly services; quarterly and annual bookkeeping are also available. Contact us for a personalised quote.
What is bookkeeping, and why does my business need it?
Bookkeeping is the accurate recording and organising of financial transactions. It gives you a clear financial picture, supports decisions, keeps you compliant and makes tax filing smooth.
How does professional bookkeeping help my business?
It saves you time and effort, reduces errors, keeps you compliant and gives you accurate figures to base business decisions on.
How often will I receive financial reports?
Monthly, quarterly or yearly depending on your plan, in a clear format that lets you track your company's performance.
What types of businesses do you work with?
Individuals, start-ups, SMEs and established companies across industries such as e-commerce, retail, services and manufacturing.
Do SMEs need accounting services?
Yes. Proper accounting helps SMEs manage their finances, understand their position, track income and expenses, comply with tax laws and make informed decisions. As you grow, we make the move from in-house books to professional accounting seamless.
What software do you use, and can I see my data?
We use the cloud accounting software Xero and QuickBooks. Depending on your plan you get secure access to your financial data, and we can provide training and ongoing support.
What documents do I need to provide?
Usually bank statements, invoices, receipts, supplier invoices and any other relevant financial documents. Our onboarding checklist lists everything.
How do you keep my financial information secure?
Our systems are encrypted and we follow strict protocols to protect the privacy and integrity of your data.
Further reading
Business
Mastering Financial Management: Unveiling the Secrets of Budgeting and Forecasting
Why budgeting and forecasting matter, how to do them well, and the common mistakes that weaken a company's financial plan.
Accounting & Bookkeeping
New standard published in April 2024: IFRS 18 Presentation and Disclosure in Financial Statements
IFRS 18, published by the IASB in April 2024, changes how entities present and disclose information in their financial statements.
Talk to a partner about accounting & bookkeeping.
Tell us a little about your company and we'll come back with a quote. The first consultation is free.
- Office
- 19 Keppel Road, Jit Poh Building #03-07, Singapore 089058
Thank you, your enquiry is on its way.
We'll be in touch soon. If it's urgent, email us at accounts@pw-consulting.sg.