Accounting & Bookkeeping

Accounting & Bookkeeping

Optimize your business with our expert accounting and bookkeeping service. We ensure accuracy and compliance, providing timely reports for informed decision-making. Streamline your operations to achieve financial goals with ease. Let us take care of the numbers, so you may focus on driving your business forward. 

FAQ

Bookkeeping involves recording and organizing financial transactions, maintaining ledgers, and ensuring accuracy in financial records. It primarily focuses on the day-to-day operational aspects of finance.

Accounting expands on bookkeeping by interpreting and analyzing the financial data compiled by bookkeepers to prepare financial statements to assess financial performance, conduct audits, and offer strategic advice. It aims to provide insights for decision-making and compliance with regulations.

At Watershore, we provide a wide range of accounting services to help businesses and individuals meet their goals. Our services include:

Bookkeeping Services: Recording transactions, maintaining ledgers, financial statements, tax planning, payroll, and financial advisory.

Compilation of Financial Report: Organizes financial data into statements like income statements, balance sheets, and cash flow statements to present the financial position and performance of the business.

Consolidation of Financial Report: Combines financial data from multiple entities or subsidiaries into unified financial statements to provide a comprehensive view of the group’s financial health.

Tax Computation and Tax Return: Calculates taxable income, determines tax liabilities, and prepares and files tax returns to ensure compliance with tax laws and optimize tax efficiency.

Tax Planning and Compliance: Involves developing tax strategies to optimize efficiency and minimize liabilities, along with ensuring compliance through accurate tax return preparation and timely filings.

Payroll Management: Covers all aspects of payroll processing, including wage calculation, deduction management, and compliance with payroll tax regulations.

Financial Advisory and Management: Provides strategic financial advice, management reporting, budgeting, forecasting, and financial analysis to help clients achieve their financial goals.

We offer a wide range of accounting services tailored to the needs of small businesses in Singapore. Our services include:

  • Bookkeeping and financial statement preparation
  • GST return filing
  • Corporate tax filing and planning
  • Payroll processing and reporting
  • Business advisory and consulting to help you manage finances effectively and make good financial decisions.

Our accounting services can provide valuable insights into your small business finances that help with planning, compliance, and growth. We can assist with bookkeeping, payroll processing, financial statements, tax filings, and compliance with Singapore business requirements. Proper accounting helps ensure you pay the correct amount of taxes, claim all eligible deductions and subsidies, and have accurate financial data to make informed business decisions. Accounting is an essential part of establishing a solid financial foundation for a successful small business.

An accounting service can help ensure compliance with Singapore tax laws and regulations, prepare your financial statements and tax returns accurately, provide bookkeeping and payroll services, and offer strategic financial advice. They have expertise in local accounting standards and changing rules that a business owner may find difficult to keep up with. Using an accounting service frees up time for you to focus on running and growing your business while having peace of mind that your finances are handled properly by professionals.

Yes, we provide initial consultations free of charge for small business owners in Singapore interested in accounting and bookkeeping services. Our experienced team would be happy to discuss your specific needs, goals and budget to determine the best accounting solutions tailored for your business. We can recommend the optimal level of service based on the complexity of your financial operations and reporting requirements. Please contact us to schedule your free consultation today.

Watershore professional bookkeepers can manage your accounting and finances accurately and efficiently. They ensure all your financial transactions are recorded correctly, receipts are filed and invoices issued on time. This gives you an accurate financial snapshot of your business, which helps with compliance, tax filings and financial planning and analysis. Bookkeepers can also identify errors early, flag issues and recommend process improvements to optimize your finances. All of this allows you to focus more on growing your business while having peace of mind that your finances are in order.

Watershore bookkeeping services can help your small business in Singapore stay compliant and organized. Some key benefits include:

  • Accuracy – Our team of certified accountants can ensure accuracy in your financial records and tax filings, reducing the risk of errors and penalties.
  • Compliance – We keep up to date on changing tax laws and financial reporting requirements to ensure your business meets all compliance obligations.
  • Organization – Our team can organize your financial data, receipts, invoices and other documents, making it easier for you to find what you need when needed.
  • Time savings – By outsourcing your bookkeeping to us, you save time that you can refocus on growing your business.
  • Valuable insights – Our accountants can analyze your financial data and provide insights into how to improve cash flow and reduce expenses.

Watershore’s accountants for small businesses in Singapore have years of experience providing accounting and tax services tailored to the needs of small and medium enterprises. Our accountants have the necessary qualifications, expertise and regulatory licenses to ensure compliance with Singapore’s regulatory requirements. This includes being registered public accountants with the Accounting and Corporate Regulatory Authority (ACRA) and members of recognized accounting bodies like Institute of Singapore Chartered Accountant (ISCA). Our accountants stay up to date with the latest tax laws, accounting standards and regulatory changes to provide you with the best professional advice and support for your business.

Watershore has over 15 years of experience providing accounting and bookkeeping services for small businesses in Singapore. We offer a comprehensive suite of accounting services including bookkeeping, payroll, GST filing, financial statement preparation, and tax advisory and compliance for corporate and personal income taxes. Our team consists of chartered accountants and tax experts who stay up to date with the latest regulations and requirements affecting small businesses in Singapore. We leverage technology and automation to provide timely, accurate and cost-effective accounting solutions so our clients can focus on growing their businesses.

Watershore’s dedicated team of accounting experts keeps abreast of all the latest accounting regulations in Singapore. We achieve this through various means:

  • Monitoring regulatory announcements from ACRA and MAS.
  • Subscribing to relevant industry newsletters and publications.
  • Attending seminars and training organized by accounting bodies like ISCA and ACRA.
  • Leveraging our network of industry contacts and collaborating firms to share knowledge on new developments.
  • Conducting in-house discussions to stay updated on any changes that may impact our clients.

By staying updated on new and amended accounting standards, tax laws, and corporate governance requirements, Watershore can ensure our clients receive the most relevant and compliant accounting and advisory services.

At Watershore, our bookkeepers for small businesses in Singapore are highly qualified and experienced. All our bookkeepers hold a relevant professional accounting or bookkeeping certification. They have extensive experience in bookkeeping for small businesses across multiple industries, providing crucial expertise in GST filing and compliance. Our bookkeepers pay close attention to detail and accuracy, and they understand the unique bookkeeping needs of small businesses. We provide customized bookkeeping services tailored to your specific requirements, utilizing the latest bookkeeping software and technologies to ensure efficiency.

At Watershore, our accounting services stand out from the crowd. With over 15 years of experience providing accounting services for businesses across Singapore, we have the expertise and knowledge to meet all your needs. We offer a full suite of accounting and finance services including bookkeeping, financial reporting, tax planning and filing, payroll management, and auditing. Our certified accountants and finance professionals stay up to date with the latest standards, technologies and practices to ensure compliance and maximize tax savings for our clients. We take the time to understand your business and goals to tailor our services accordingly. Our team works closely with you to establish efficient processes and provide strategic insights to help your business grow. We combine technical excellence with a personal touch and are committed to building long-term relationships with our clients based on trust, reliability and exceptional customer service.

Watershore bookkeeper services are designed to simplify and organize your finances. We provide a range of bookkeeping tasks including accounts payable and receivable, expense and revenue tracking, bank reconciliation, and financial statement preparation. Our certified bookkeepers have extensive experience working with businesses of all sizes across various industries. We use state-of-the-art software and cloud-based tools to securely access your financial data and generate reports tailored to your needs. Our goal is to ease the stress of managing your books so you can focus on growing your business. Simply upload or send us your financial documents and we will take care of the rest.

Our accounting and bookkeeping services stand out by prioritizing accuracy, reliability, and personalized attention, ensuring that we add tangible value to your operations. We emphasize thoroughness in every aspect of financial management, offering tailored solutions that meet your specific needs and goals. Our commitment to excellence and client satisfaction sets us apart, providing peace of mind and confidence in your financial decisions.

We ensure the accuracy and reliability of our bookkeeping services through comprehensive quality control measures which include ongoing staff training, utilization of advanced accounting software, regular reconciliations, adherence to best practices, and strict compliance with regulatory standards. This holistic strategy ensures that your financial records are maintained with precision and consistency, providing a solid foundation for informed decision-making and financial transparency.

Watershore offers a complete suite of online accounting and bookkeeping services to help you save time and money. With over 15 years of experience, our team of chartered accountants can handle all of your bookkeeping needs including:

  • Accounts payable and receivable
  • Bookkeeping and financial reporting
  • Payroll processing
  • Tax preparation and filing
  • Budgeting and financial analysis
  • Account reconciliation
  • Cash flow management

We work with clients of all sizes from freelancers to small businesses to enterprises. Contact us today to discuss how we can help you gain visibility and control over your financial data.

We leverage on advanced cloud-based technology to provide real-time access financial data, enabling seamless collaboration and enhancing efficiency. Having access to financial information wherever and whenever needed promotes transparency, agility and informed decision-making, supporting business growth.

Our online accounting and bookkeeping services are highly secure. We implement robust security measures, including encryption protocols, secure data storage, access controls, and regular security audits. Our commitment to protecting your financial information ensures that your data remains safe and confidential at all times.

Getting started with our accounting services is simple and straightforward. Contact us through our website or call us to schedule a consultation with one of our account representatives. They will discuss your business needs, goals and budget to recommend the right accounting and tax solutions and services for your business.

  • Bookkeeping services – $700 onwards
  • Compilation of financial report – $700 onwards
  • Consolidation of financial report – $900 onwards
  • Tax computation and Tax Return – $700 onwards

**Please note that actual costs may vary depending on the complexity & specific requirements of your business. For a personalized quote, feel free to contact us directly.

We bring the best solutions that meets your requirements

Knowledge & Expertise

In-depth local knowledge spanning over 15 years ensures regulatory compliance & risk-minimized processes.

Proactive & Timely

We take a proactive approach in managing regulatory deadlines and tax submissions to always ensure compliance.

Customized Solutions

There is no one-size-fits-all solution. We strive to understand & address individual needs with customized solutions to help clients achieve specific goals.

Strategic Advisory Services

Beyond compliance, we provide strategic guidance to optimize business structures, reduce tax liabilities, & navigate complicated regulatory environments.

Regular Updates

Clients can expect regular updates on business environment developments & other pertinent information. Our proactive communication empowers you to make the best-informed decisions.

Quality Assurance

Clients can count on us to maintain the highest standards & meticulous attention to detail in every aspect of our work, from financial reporting to legal documents.

Accessibility & Responsiveness

Being readily available & responding promptly to queries are critical aspects of our commitment to client satisfaction.

Continual Education

Continuous training for staff ensures ongoing improvement to deliver high-quality services with integrity & professionalism.