Bookkeeping Services in Singapore for Startups & Businesses
Singapore businesses need books that support Corporate Income Tax with the partial tax exemption applied correctly, and once turnover crosses the GST threshold, VAT-equivalent registration and reporting have to be tracked separately.
Books that don't monitor turnover against the GST threshold in real time tend to miss the registration deadline and create backdated liability. Profitjets keeps your books reconciled monthly, structured to support your partial tax exemption, and categorized correctly for GST reporting with IRAS.
What Our Bookkeeping Services in Singapore Cover
We build your bookkeeping around how IRAS actually taxes your business. From monthly reconciliation to GST-ready categorization, our team keeps your books accurate and current, not reconstructed once a year.
Transaction categorization
Every transaction coded correctly so your Singapore books reflect reality.
Monthly reconciliations
Bank, card, and loan accounts reconciled each month, nothing slips through.
IFRS / SFRS-ready financials
Balance sheet, P&L, and cash flow ready for lenders, investors, or IRAS.
Catch-up & clean-up
Behind on your Singapore books? We bring months or years current, fast.
Payroll in Singapore
Run payroll and stay compliant with Singapore payroll rules and filings.
Live dashboard
See cash, revenue, and key numbers update in real time, any day.
Books Built for GST & Corporate Tax Reporting
Books that don't track chargeable income cleanly can mean missing the partial tax exemption entirely in a company's early filing years, an easy overpayment to make without realizing it.
We reconcile your accounts monthly, categorize income to support the exemption scheme, and monitor turnover against the GST registration threshold.
Book a Free Consultation- Monthly reconciliation
- GST-ready categorization
- Bank feeds managed
- Financial statements delivered monthly
- Clean handoff to tax filing
- QuickBooks & Xero supported
Financial Reporting Built for Singapore Businesses
Owners often don't find out their numbers were wrong until a lender, investor, or IRAS asks for clean financials, which is the worst possible time to discover a books problem.
We deliver monthly profit and loss statements, balance sheets, and cash flow reports, so you always know where the business stands without waiting for year-end.
Book a Free Consultation- Monthly P&L and balance sheet
- Cash flow visibility
- Custom reporting on request
- Audit-ready records
How Your Singapore Books Come Together
Understand Your Singapore Business
We learn about your business structure, industry, accounting software, current bookkeeping process, and turnover to build a bookkeeping workflow that fits your operations and reporting requirements.
Review & Organise Your Financial Records
Our team reviews your historical books, reconciles bank and credit card accounts, identifies bookkeeping errors, and corrects issues that could affect GST reporting, financial statements, or corporate tax compliance.
Set Up Your Bookkeeping System
We organise your chart of accounts, connect bank and payment feeds, and structure your books to support accurate GST tracking, financial reporting, and compliance with IRAS requirements.
Manage Ongoing Monthly Bookkeeping
Transactions are recorded, categorised, and reconciled each month while we monitor your GST obligations, maintain accurate financial records, and prepare reliable management reports that keep your books current.
Deliver Financial Reports & Ongoing Support
We provide timely financial statements, bookkeeping support, and ongoing guidance to help you stay compliant with Singapore regulations, prepare for tax filing, and make informed business decisions as your business grows.
Serving Small Businesses Across Singapore
We work remotely with businesses throughout Singapore, so you get the same dedicated team no matter which district you're based in.
What Singapore Businesses Say
Exemption Finally Applied From Year One
"Our first year of books never applied the partial tax exemption, and we overpaid without knowing it. Profitjets caught it on review and corrected our categorization."
GST Threshold Tracked Before We Crossed It
"We crossed the GST threshold mid-year and our books didn't flag it until after the fact. Profitjets now tracks turnover against the threshold directly."
Corporate Books Finally Matched Our Restructure
"Our books didn't reflect a restructuring we'd done the year before, so our next filing was off. Profitjets corrected it and aligned everything with IRAS properly."
Singapore bookkeeping questions
Our Singapore bookkeeping services include bank reconciliations, transaction categorization, monthly financial statements, accounts payable and receivable tracking, and ongoing financial reporting. We tailor your bookkeeping to your business structure, industry, and reporting needs.
Yes. We provide bookkeeping cleanup services for Singapore businesses with months or even years of unreconciled transactions. We organize and correct your historical records before transitioning you to accurate monthly bookkeeping.
Yes, our bookkeeping and tax teams work together, so your Corporate Income Tax and GST filings are prepared from accurate, up-to-date records. If you'd like more detail on how our tax filings work, our Singapore tax services page covers that separately.
Absolutely. We maintain organized financial records across multiple locations, departments, or entities, giving you consolidated reporting and clear visibility into your business performance.
We provide bookkeeping services for a wide range of Singapore businesses, including consulting, trading, tech, and other growing small and mid-sized businesses. Our bookkeeping is tailored to your industry's financial and reporting requirements.
Get Singapore Bookkeeping Services That Keep You IRAS-Ready
Book a free consultation and we'll map out exactly how we'd keep your Singapore books accurate, organized, and tax-ready.