Bookkeeping Services

Maintaining a general ledger is one of the main components of bookkeeping. The general ledger is a basic document where a bookkeeper records the amounts from sale and expense receipts. This is referred to as posting and the more sales that are completed, the more often the ledger is posted. A ledger can be created with specialized software, a computer spreadsheet, or simply a lined sheet of paper. The complexity of a bookkeeping system often depends on the size of the business and the number of transactions that are completed daily, weekly, and monthly. All sales and purchases made by your business need to be recorded in the ledger, and certain items need supporting documents.

Bookkeeping services is comprised of:

  • Record the transactions into the accounting system based on the documents and information provided
  • Record adjustments required by the management or auditor
  • Preparing the bank reconciliation statement
  • Recording financial transactions
  • Posting debits and credits
  • Producing invoices
  • Maintaining and balancing subsidiaries, general ledgers, and historical accounts

When setting up a business in Singapore the first consideration is decide on the right business entity that will meet your business needs. I & R Business Consultancy Services team will assess your business needs and advise on the right business entity. It is always true that getting start right makes your subsequent journey a lot smoother this applies to business set up.

Company Incorporation

Our services for company incorporation (registration) includes:

  • Conduct company name search
  • Documentation of directors and shareholders’ detail in accordance to ACRA
  • Professional service for name application and incorporation
  • Share certificates
  • Common seal
  • Minute book & statutory registers
  • Memorandum & Articles of Association
  • Assisting in Opening of first bank account

Most common business entities available in Singapore are:

  • Sole Proprietorship
  • Partnerships, Limited Partnerships
  • Limited Liability Partnership
  • Private Limited Company.