HomeBookkeeping
Monthly bookkeeping on Xero for Singapore companies, with management accounts in your hands within 10 working days of the month closing. It sits inside the Complete package.
Bookkeeping is the record every other filing is built on. ECI, Form C-S and the GST return all read from the same ledger, so errors travel.
Bank feeds pull into Xero, and every line gets coded to an account rather than dropped into a suspense bucket. Coding decided once and applied consistently is what makes the year end numbers defensible.
Each account is reconciled to the statement before the month is called done. Unreconciled balances hide double payments and missing income, and both surface at year end, when the cost of fixing them is highest.
Within 10 working days of month end you get a profit and loss, a balance sheet and a cash position. Figures that arrive in March about January are history, not information you run a business on.
Invoices, receipts and bills are attached to the transactions they belong to inside Xero. IRAS asks for support, not for a spreadsheet of totals, and a claim with no document behind it is a claim you lose.
Paying a supplier from a personal card because it was faster feels harmless. Repeat it through the year and the director's account becomes a puzzle, and untangling it at year end costs more than those payments were worth.
For a GST-registered company, the ledger is where the F5 return comes from. Output tax at 9% and input tax claims are coded as the work goes along, so the quarterly return is a review rather than a rebuild.
Setting up takes a few days at the start. After that the cycle repeats every month, and most of it happens without you doing anything.
Your Xero file is set up, or the existing one is reviewed, and bank feeds are connected so transactions arrive on their own. A chart of accounts that matches how you sell is worth an hour of argument now.
First weekIf the books are behind, the backlog is quoted separately and cleared before the monthly cycle starts. Starting a clean month on top of a messy year hides the problem instead of fixing it, and year end finds it anyway.
Depends on the backlogTransactions are coded, accounts reconciled and queries sent to you in one list rather than a drip of emails through the month. Answering that list is the only part of the process that needs your time.
Every monthWithin 10 working days of month end, the profit and loss, balance sheet and cash position reach you. Once a quarter there is a call to go through what the numbers show and what to do about it.
Within 10 working daysIt comes as part of the Complete package. Bookkeeping on Xero sits inside it, together with the Comply work, GST registration and quarterly F5 filing, payroll for up to five staff, and the quarterly review call.
Bookkeeping is not sold on its own, and we would rather say so here than at the invoice. Transaction volume and the state of your existing records decide whether the standard fee holds, and a backlog is quoted before we start.
Quoted for your company
Agreed in writing before we start
Ask about CompleteThe Complete package is quoted for your company before we start. Backlog work is quoted separately and statutory fees are passed on at cost.
Xero records what you tell it and nothing more. The software pulls in bank lines, and somebody still has to decide what each one is, reconcile the accounts and attach the documents. Companies that skip that part arrive at year end with a file full of uncoded transactions and a bill to sort it out.
No filing is due for a month of bookkeeping, so nothing goes late on its own. The deadlines that bite are ECI within three months of your financial year end, Form C-S or Form C by 30 November, and the quarterly GST return if you are registered. Each one reads from the ledger, so a year of missing records turns into a filing problem.
Yes, after reviewing the existing Xero file. Taking on someone else's coding without looking at it is how errors get inherited and then repeated. Where the file is in poor shape, the cleanup is quoted separately from the monthly fee. You keep ownership of the Xero subscription either way.
It gets recorded as a director's loan or a reimbursement, and both need evidence. A payment with no invoice behind it is not deductible against the 17% corporate tax rate, and if the company is GST-registered the input tax claim goes with it. Use the company card and the problem disappears.
No. This is company bookkeeping and the filings that come out of it. Personal income tax for directors is separate work, so ask us directly rather than assuming the monthly fee covers it. Being told late that something was never included helps nobody.
Send us your last set of accounts and your Xero login, or tell us there is nothing yet. You will hear what the backlog looks like before you commit to anything.
Tell us what you need and we will point you to the right answer, or bring in one of our chartered professionals. Out of hours you get a reply first thing the next working day.