Question 1

How much do bookkeeping services cost in Singapore?

Accepted Answer

Bookkeeping fees depend on your transaction volume, number of accounts, reporting frequency, GST registration and the condition of your records. SBS Consulting reviews your requirements before confirming a fixed scope and fee.

Question 2

Is the S$300 annual price available to every company?

Accepted Answer

Annual bookkeeping from S$300 applies to eligible low-transaction companies. Active businesses are quoted according to transaction volume and reporting requirements.

Question 3

Should bookkeeping be done monthly or annually?

Accepted Answer

It depends on your transaction volume and reporting needs. Low-transaction companies may only need annual updates, while active SMEs typically benefit from monthly reconciliation and reporting.

Question 4

Can SBS take over from an existing accountant?

Accepted Answer

Yes. SBS Consulting can take over from your existing accountant or bookkeeper. We review your current records and ensure a smooth transition.

Question 5

Can SBS help with overdue or incomplete accounts?

Accepted Answer

Yes. We offer catch-up bookkeeping for companies with overdue, incomplete or unreconciled records.

Question 6

What documents must the client provide?

Accepted Answer

Typically bank statements, sales and purchase records, expense receipts, payroll records and any existing accounting files. We will provide a checklist based on your engagement.

Question 7

Can SBS support GST-registered companies?

Accepted Answer

Yes. We handle GST-related transaction classification and support GST-registered companies with their bookkeeping requirements.

Question 8

Are financial statements and tax filing included?

Accepted Answer

Bookkeeping covers transaction recording and reconciliation. Financial statements, tax filing and corporate secretarial services can be engaged separately as part of SBS Consulting's one-stop service.