ACCOUNTING & BOOKKEEPING SERVICES
ACCOUNTING SERVICES SINGAPORE | BOOKKEEPING SERVICES SINGAPORE
According to the Singapore Companies Act, all incorporated companies in Singapore must maintain proper accounting records for a minimum of 5 years. For Exempt-Private Companies or Dormant Companies, despite being exempted from audit requirements, these companies are still required to hold Annual General Meeting (AGM) and file their annual return with ACRA within 6 months from the end of the financial year.
Koh Management specialize in providing the resources to guide you in setting up your business accounting system. Especially for startup founders whom may not be familiar with the accounting requirements and needs of the Singapore government. Many Companies will need services such as Singapore Accounting Services and Singapore Bookkeeping Services to prepare their management accounts so that the management of the companies can find out the financial health of the business so as to make better business decisions for the company. Also for timely submission of Financial Reports to the government.
For companies who are GST registered, there is also a need for the company to make submissions for GST every 3 months to the Inland Revenue Department, find out more about Singapore GST here.
We are also a full scale business management services team that has corporate secretarial services and tax advisory services team, we are able to assist you with your business needs.
If you are a SME looking for a dedicated SME or Startup Accounting Services Singapore to assist you with advise and help, we definitely can assist you.
We are also committed to assisting you with the setting up and training of your staff about your Singapore business accounting system, allowing you to save time, money and trouble when your financial reports are due. Contact us to get some idea on the Singapore Accounting Services / Singapore Bookkeeping Services needs.
We provide the following Singapore
SME Accounting services / Start-up Bookkeeping services:
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Setting up computerized / online (depending on your needs) and proper accounting systems using high quality accounting software
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Preparation of compilation report for filing of Annual Return to ACRA
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Bank and other account reconciliation
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Liaising with auditors to get your accounts audited (if required)
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Perform account-related administrative services (Purchases and Payments; Sales and receipts)
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Keeping full sets accounts on monthly, quarterly or yearly basis including:
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Profit and Loss Statement
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Trial Balance
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Bank Reconciliation
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Fixed Asset Schedule
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Debtor Ageing List
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Creditor Ageing List
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Supporting Schedules for Compilation or Audit Reports purpose
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Balance Sheet
What is Accounting?
The practice of accounting is essential to any business or organization. Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. The results of these activities are reported in financial statements.
There are many different types of accounting, but the three most common are financial accounting, managerial accounting, and tax accounting. Financial accounting focuses on the financial statements that are prepared for external users, such as shareholders and creditors. Managerial accounting provides information that is useful to internal users, such as managers and executives. Tax accounting focuses on the preparation of tax returns and the calculation of taxes payable.
Accounting is a vital function in any business or organization because it provides accurate and timely financial information that is used in making decisions about where to allocate resources. It also helps businesses and organizations track their progress and performance over time.
What is Bookkeeping?
Bookkeeping is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. The results of these activities are reported in financial statements.
Bookkeeping is a vital function in any business or organization because it provides accurate and timely financial information that is used in making decisions about where to allocate resources. It also helps businesses and organizations track their progress and performance over time.
What is Financial Accounting?
Financial accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. The results of these activities are reported in financial statements.
Financial accounting is a vital function in any business or organization because it provides accurate and timely financial information that is used in making decisions about where to allocate resources. It also helps businesses and organizations track their progress and performance over time.
Koh Management has almost 40 years of experience helping Singapore companies with their Singapore Bookkeeping Services and Singapore Accounting Services. For those who wish to outsource their accounting services, you can speak to us at +65 98638665
Koh Management (previously known as S.H. Koh Secretarial & Managament Pte Ltd) was founded by Director Koh Swee Hock in the Year 1983. Over the years, under the guidance of Mr Koh, it has since established a reputation for quality and professionally accounting and secretarial services for SMEs and young start-ups. With 30 over years of experience and also a young team working with him to expand his business within the startup circle, Koh Management has grown from strength to strength.
Koh Management takes pride in the work assigned to them and always goes the extra mile to ensure that our clients are provided with quality services and solutions for their businesses. Should you require any assistance about your business process, administrative matters, feel free to contact our friendly staff at Koh Management. We look forward to serving your business needs.
Koh Management is currently working with K Cloud Accounting Pte Ltd to provide Xero Accounting Services for startup companies through Cloud Based Accounting Software Services for SMEs & Startups. If you are keen on working with us through Cloud accounting, we are keen to talk to you about this!
18 Sin Ming Lane, Midview City #07-01 Singapore 573960
Email: enquiry@shkoh.com.sg
Tel: (65) 9863 8665 | Fax: (65) 6256 9685
© 2023 Koh Management Pte Ltd. Reg: 200600032Z. All Rights Reserved.