Outsourced Bookkeeping Services

Bookkeeping that actually gives insight into your business. Imagine. We believe in helping you build a financial relationship with your numbers, so you are empowered to make great business decisions :)

We Offer Outsourced Bookkeeping Services in Singapore from:-

S$50/month or S$150/quarter or S$600/year (Up to 12 line items in monthly bank statements)

** Every additional line items are chargeable at S$2 per line item.

If you prefer to use other Accounting tools like MYOB/Quickbooks, we are totally cool with using them too. Although we highly recommend Xero for your base accounting due to its SIMPLICTY to use even for Non-Accountants and its GREAT SUPPORT! Here is a Short Video link for you to have a clearer picture why it is so user friendly even for users with non-accountant background.

Feel free to call us to ask any questions if you have any doubts, we can even arrange a no-obligation meeting to better understand your needs to help you to get on the right track!

Inbound (At Our Office) Bookkeeping Packages:

We also offer All-in-one Bookkeeping Packages as Below:

(The only difference with our Accounting Compliance Package is that we will handle all the Bookkeeping functions from Entering of Sales & Purchases invoices, Bank Reconciliation to passing of Manual Journal. Whilst for Accounting Compliance Package, you will enter the Sales & Customers receipts yourself via Xero, hence Lower Monthly Accounting fee )


price per month

Ideal For

Monthly bank transactions

Xero Services

Xero Monthly Subscription Fee (US$30 per month)

Monthly Accounting/Bookeeping (We will email the Management Report to you every month or grant your the access right to Xero )


Annual Compilation/

Unaudited report

Income Tax

(1. Annual tax computation with Supporting schedules & Form C-S / Form C

2. Estimated Chargeable

Income )


Account

Lite

Package

$200


Startup/New businesses

Not more than 30 line items in monthly bank statements


1. Xero account set up

2. Xero support for 6 months via Email/phone support

3. Xero training @ our office (Maximum 2 hours for not more than 5 pax)

4. Additional hour of training is charegable @ S$250 per hour

5. Additional S$80 applies for onsite training at client's office

1. Sales and customers receipts entered by us.

2. Purchases and expenses claims entered by us.

3. We will do bank reconciliation and pass any journal entries to adjust the accounts.

4. We will do checking of your monthly accounts to ensure they are in order and posted correctly.




Account Startup

Package

$300


New or small businesses, needing compliance only 

 Not more than 60 line items in monthly bank statements



Include Xero Services in Account Lite Package

Include everything in Account  Lite Package.


Best Value!

Account Growth 

Package

$400


Emerging business, need additional financial insights 

 Not more than 100 line items in monthly bank statements


Include Xero Services in Account Lite Package

Include everything in Account Lite Package.


Let's talk

Need Customised package?

Talk to us if you need a customised package, we'r always happy to help!

Talk to us

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Why

hire if you can Outsource your Accounting/Bookkeeping Functions Conveniently?

We provide both inbound (at our office) and outbound (at client office) bookkeeping services for the preparation of full set accounts and other accounting/administration related tasks and job scopes in Singapore. Clients can choose to have their accounts maintained at the convenience of their office or ours. Please read on our success stories here.

 

Our Bookkeping Services

Bookkeeping services singapore

  • Bookkeeping and maintenance of accounting records
  • Sorting, coding and classification of underlying records
  • Recording of transaction into the accounting software
  • Maintaining general ledger, sales and purchase, journal ledgers
  • Maintaining fixed assets register & accounting schedules
  • Review and/or bank, account receivables & payables reconciliation
  • Maintenance of accounting records
  • GST accounting and reporting

Accounting related/Administration works

  • Trade/other payables processing
  • Disbursement process management
  • Raising of sales invoices
  • Raising of credit and debit note
  • Sending statement of accounts and reminders to trade receivables

Our Inbound Bookkeeping Services (At Our Office)

How

it Works?

We maintain the accounts at our office. Clients need to arrange for the physical documents to be sent to us or upload the soft copies to a secured cloud storage account like Dropbox, Google Drive, Box Sync or others. It is more suitable for smaller companies and businesses with less and simple transactions which do not require as much face to face communication.

When you engage OS1 Enterprise for inbound bookkeeping services, we will work with you personally on your business accounting needs. Based on the financial documents you submit to us on a regular monthly/quarterly/yearly basis, we will review and organize the information submitted to create and maintain your accounts ledger using Cloud Accounting Software. Please read on our case studies here.

You will need to keep all the items but not limited to as detailed below for bookkeeping purposes:

  • Sales invoices
  • Purchase orders/invoices
  • Bank statements
  • Payment vouchers
  • Journal vouchers
  • Payroll summary
  • Tenancy agreement/invoices
  • Fixed asset register
  • Inventory listing
  • Statement of borrowing/hire purchase
  • Schedule for monitoring revenue generated and cost of sales/expenses paid during the year
  • Debtor and creditor control (unpaid or un-receipted invoices), etc

We will also help monitor statutory compliance issues and work with you to ensure that you understand all the accounts reports.

Information gathered from bookkeeping also enables various accounting reports to be generated such as

  • Income statement
  • Balance sheet
  • Cash flow statement
  • Fixed assets registers
  • Bank reconciliation report
  • Debtors and Creditor aging report
  • and other management reports

which provide insight for efficient financial management and in turn better business decisions. Our accounting sofware- Xero enables view and share over 40 interactive reports and budgets in real time – no waiting for month end to see how your business is performing. You can download some of the sample Xero Reports here for your reference: Demo Company (Global) - Management Report Demo Company (Global) - Bank Reconciliation Demo Company (Global) - General Ledger Report(109)

 

Our Bookkeeping Inbound Process

Step 1

We will setup a secure Dropbox or Google drive or Other Cloud Storage account in the cloud to receive all relevant information or documents from you (sales & purchases invoices, payment vouchers, receipts, bank statements, Salary slips, CPF statements etc...). You then send all your information using this secure cloud account on a daily, weekly or monthly basis as agreed in advance.

Step 2

We will analyze the information/documents in the cloud account and make sure no information is missed out to complete your bookkeeping. Along the way, we will communicate with you for any questions arising out the financial recording and request for any missing information. Upon receipt of all information, we will update your books using Xero or MYOB or any other accounting software as agreed.

We will give you user access right to our cloud accounting software- Xero. So that you will have 24/7 access to real-time data. Alternatively, we will email the financial report to you upon completion of your bookkeeping. We will also answer any questions that you may have and prepare any customized reports if you need them.

Our Outbound Bookkeeping Services (At Your Office)

How

It Works?

Bookkeeping outsourcing is the business methodology of outsourcing a segment or the majority of the accounting capacities important to keep the business operational. While the idea of outsourcing is frequently connected with little and medium measured organizations, vast enterprises may likewise outsource their accounting needs to a dependable accounting firms in Singapore.

We maintain the accounts at client offices for better communication and convenience for our clients using your Accounting Software or our Xero Accounting Software. The time spent at client offices ranges from one to a few days a week. It is more suitable for medium to large companies and businesses with significant transactions which require more face to face communication. Please read on our success stories here.

 

 

 

You will need to keep all the items but not limited to as detailed below for bookkeeping purposes:

  • Sales invoices
  • Purchase orders/invoices
  • Bank statements
  • Payment vouchers
  • Journal vouchers
  • Payroll summary
  • Tenancy agreement/invoices
  • Fixed asset register
  • Inventory listing
  • Statement of borrowing/hire purchase
  • Schedule for monitoring revenue generated and cost of sales/expenses paid during the year
  • Debtor and creditor control (unpaid or un-receipted invoices), etc

We will also help monitor statutory compliance issues and work with you to ensure that you understand all the accounts reports.

 

Why

Should You Outsource Your Bookkeeping to Us?

Competitive Pricing & No Hidden Fees

Our service fees are transparent with no hidden fees. We are confident that you will find that our fees are one of the most competitive in the market. If truth be told, when you look at the overall rates in the industry, we may be the best option amongst reputable firms in the market.

Integrated Service Offerings

Our services encompass the startup of your company, managing your taxes and accounts, assistance in compliance obligations, corporate administration and in some cases, processing business cessation.

Value Based Pricing

Our fees are not decided by what other bookkeeping service providers in Singapore are charging, but through a value-based approach which we believe, will maximize the value you receive for your money. We work with this model because we know how important it is to find the right helpers at the right fees, and how far it will go in keeping things moving when things gets tough during the critical early stages of your business.

Fast Response Time

Our typical response time to emails or messages that we receive is usually within the day of receipt or within the next working day. No one else guarantees that.

Openness to Sharing

Our open minded approach means that we always share our knowledge and experience with our clients to improve their understanding of their legal and regulatory obligations.

We welcome inquiries. Please allow us to get in touch within 2 working days after submitting any inquiries.

Alternatively, you can call +65 6873-2886 or Call/SMS +65 9889-4776 to speak with our friendly   accountant.

O.S.1 Pte. Ltd.
2 Leng Kee Road
#04-09 Thye Hong Centre
Singapore 159086

T +65 6873-2886
M (+65) 9889-4776

hello@os1.com.sg
https://enterprise.os1.com.sg

Transportation details
Nearest MRT station – Redhill MRT (EW18) Walking is 5 to 7 mins to our office
Nearest Bus Stop – Bus 32, 33, 64, 120, 132, 145 Walking is 5 to 7 mins to our office

Testimonials - Happy Client, Happy Business

  • “I confirm that I have dealt with O.S.1 Pte Ltd since Aug 2011, during which time they have provided my business with excellent support in the area of account services. Their work has help us in smoothening the account activities in our company enabling us to have reliable and dependable report to our HQ in Japan on time.”
    Frankie Ong, Senior Manager of Sumiden International Trading (S) Pte Ltd
  • “We look to O.S.1 to take care of our tax preparations and accounting needs. They are highly responsive and a pleasure to work with. We are very satisfied with their services.”
    P.K.Kakoulidis Shipping Singapore Pte Ltd
  • “Nicole has done a fantastic job managing my small business accounts in the consulting and education sector. She works accurately and efficiently, is friendly and approachable, uses the right tools to get the job done and is flexible to meet changes in circumstances.”
    Hugh Terry, Rain Trees Kindergarten Pte Ltd
  • “Nicole (Or OS1 Pte Ltd) is one of the few professional accountants whom I’ve come across who is meticulous & detailed in her work. She listens attentively to our company’s needs, and able to advise us on various scenarios & alternatives choices for our company, be it for new set up or expansion. Her patience & valuable experience has also made us feel like she’s part of our business team, instead of just an accountant. Many times, she has extended extra effort to provide us with invaluable-added service, which has once again strengthen her comparative strength over others.”
    Kellin Chan – OIG International Pte Ltd
  • “Ms Nicole, not only get us registered, she’s to do and file our monthly CPF Contributions for our Employee (E-Filing) and update employee contributions when necessary in regards to their age limits and skills development Levy / Benefits. Objectivity to run the company smoothly with less “Paper Work”. If you want the same benefits, you should use O.S.1 Pte Ltd.”
    Mr Eddie H.P.Tan , Gloss & Glow Pte Ltd
  • “Nicole provides a very professional accountancy service. She’s extremely helpful, efficient, pleasant to do business with, goes above and beyond, and is prompt in returning e-mails. I would not hesitate to recommend her services.”
    Maimunah Alhabshi, Project Spirituality
  • “Nicole has always handled her work with responsibility and pride. She is also very neat and tidy with her work. Nicole is also very fast and quick in her all her work and always leave a very good impression in all her work. She is also very hardworking and devoted to her work. Therefore, I would want to thanks her for all her hard works and effort and congratulate for her new company.”
    KK.Teow, Director of Baker Deli One Pte Ltd

So What Are You Waiting For?

Get yourself the most cost-effective and comprehensive Bookkeeping service available in Singapore today!

Schedule a Free Consultation with Us.

Call/SMS us now at +65 6873-2886 or +65 9889-4776 or fill out our contact form or Accounting & Tax Filing Needs Form below and let us know how we can help you.

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