bookkeeping services

Online bookkeeping Services in Singapore

Welcome to Tianlong bookkeeping services

Are you looking for high-quality, reliable and cost-effective accounting and bookkeeping services in Singapore? Well, you are in the right place. At Tianlong Services, we boast of a team of experienced bookkeepers that are capable of providing tailor-made accounting services that will meet your unique business needs.  

We understand that bookkeeping is quite demanding and requires systematic execution for better management of investment resources. That’s why we are committed to providing professional bookkeeping services that match your company’s accounts delivery needs. Whether you are a startup, an SME or corporate company, we’ve got you covered. 

Outsourced Bookkeeping Services in Singapore

You are looking to hire a professional bookkeeping company in Singapore. Because you are fed up of spending your free time reconciling your books, and you dread spending your hard-earned money hiring an expensive full-time CFO or controller.

Get in touch with Tianlong Services today! We are the leading outsourced bookkeeping firm service in Singapore that provides businesses with accurate and timely back office functions.

At Tianlong Services, we acknowledge that bookkeeping is the cornerstone of every business. It doesn’t matter the kind of core operations your business is engaged in; you must have a robust bookkeeping process to keep your finances in check.

We are always at the forefront to help you know about the money coming in and going out of your business and account for every penny. Our accurate bookkeeping services will ensure that you will NOT get in trouble with any government agencies because of petty mistakes that you could avoid in your reporting.

High quality professional bookkeeping services from outsourced accounting firms also means you’ll enjoy greater accounting efficiency and effectiveness. It will be easier for you to track sales, inventory, purchase orders, employment data, employee records and more. That way, you are assured of making better and faster business decisions. 

A Quick Look at the Importance of Outsourcing Accounting and Bookkeeping Services

 One of the key benefits of outsourcing accounting and bookkeeping services is that it eliminates the need of having internal accounting functions. That means as a business, you’ll save on the costs related to employing staff such as salaries, benefits, payroll taxes, recruitment and training.   

High quality professional bookkeeping services from outsourced accounting firms also means you’ll enjoy greater accounting efficiency and effectiveness. It will be easier for you to track sales, inventory, purchase orders, employment data, employee records and more. That way, you are assured of making better and faster business decisions. 

Other notable benefits that come with outsourcing bookkeeping services include:

  • Increased profitability
  • Minimized risk of reporting errors
  • Better quality services to clients 
  • Increased flexibility in determining workload for different business structures and cycles
  • Faster and sustainable growth of the firm  

How Does Outsourced Bookkeeping at Tianlong Services Work?

Among the hundreds of businesses and CPA firms outsourcing their bookkeeping functions to us, most of them typically have two main questions:

  • How does it work?
  • How much does it cost?

Since every client has different needs, along with diverse bookkeeping systems, the answers to both questions are not predetermined. As such, the way our outsourced bookkeeping services work, and the price we charge, fluctuate with each client.

However, we guarantee you that your business can save over $3,000 per month when you outsource to us because the benefits of outsourcing your bookkeeping functions are uniform across industries and organizations, which include:

  • Ample time to grow your business and focus on your customers.
  • Assurance that you’ll have accurate financial reports when needed.
  • Access to a team of professional accountants to handle your business finances.

With three cost-effective pricing plans to choose from, which also come with free* corporate secretarial services and taxation, do not spend your valuable time managing reconciliations and comparing cash flow to receivables. Instead, call Tianlong Services. Our bookkeeping experts will make sure your records are accurate and easy to understand, giving you the much-needed financial records to streamline your decisions.

We have helped hundreds of businesses stay on track to reach their short-term goals and long-term objectives. Here are the highlights of how our outsourced bookkeeping services work.

Customized Bookkeeping Systems for Each Client

Since every client has different needs, Tianlong Services prides in setting up customized bookkeeping systems specifically tailored to each individual client. For example, perhaps you need to see your cash flow statements every Friday with updated financial information to help you run your business smoothly, while a different client may want to see a balance sheet on a monthly basis. We’ll do that for you as desired!

To determine the extent to which outsourcing your bookkeeping services to us can best help you run your business, we’ll thoroughly assess your needs and set up a reconciliation system that can help your company grow. Our proficient accountants will create your chart of accounts, design a payroll system, and establish your accounts payable policies and receivable procedures, along with any other requested services. When the need to secure financing or investors, you’ll have all the essential reports in place to make informed decisions and sway your potential partners.

Part-time Bookkeeping with a Round-the-clock Presence

Outsourcing your bookkeeping function to us ensures you enjoy our full-time presence even when you need part-time services. This comes with indispensable benefits for your business. First, you’ll never carry out your daily operations without an accountant. If your in-house accountant becomes sick or goes on leave or vacation, our team of expert accountants are always ready to get involved and support your needs.

You’ll also cut costs that would go towards hiring a full-time employee who are very expensive to maintain in Singapore. This will save you money on wages, benefits, payroll taxes and vacation time. Furthermore, if you are a repeat client of Tianlong Services, you can simply call or email us at your convenient time if you are bombarded with many bookkeeping issues, or if you just have a general question.

Access to Certified QuickBooks Advisors / Xero partners

If you’ve already set up systems and controls for your business, but you need help with QuickBooks/Xero, call us TODAY. Tianlong Services will keep you focused by working with QuickBooks certified accountants and Xero Partners who are qualified to troubleshoot your most complex operational challenges. Our experts can give you the insights you need to keep your back office running smoothly.  

We host all of our clients’ books in the cloud using QuickBooks online or Xero and use various software and plugins that smoothly work with their specific needs. The best part is that we pay for all of the software! This helps us make accurate selections to the most effective software for your detailed bookkeeping situation without worrying about any mishaps.

Outsource your bookkeeping services to us and we’ll ensure your reporting is error-free all year long. Tianlong Services strives to understand business nature of all clients before implementing various QuickBooks add-ons for you. You can focus on building your businesses while leaving the hassle of back-end bookkeeping with us.

Cash Flow Improvement

Cash flow is almost an inevitable issue for many businesses, and this happens especially when you start struggling to pay debts as they become due. Our customized cash flow forecasting and reporting tools are designed to help you make timely decisions based on accurate and meaningful financial information.

Our advanced bookkeeping solutions provide best practices in billing, debt collections, bill payments, and management of expenditures. Furthermore, our expert accountants will help you optimize your pricing and create effective sales policies that will improve your cash flow.

Our expert accountants have the knack to detect future cash flow problems by implementing effective cash management policies and forecasting tools to get in front of and prevent problems before they arise. We improve your cash flow by helping you know the following:

  • When, where, and how your cash needs will occur
  • The best sources for meeting additional cash needs
  • Being prepared to meet these needs by maintaining good relationships with bankers, investors, and other creditors

Our Bookkeeping Services Singapore Defined

Once you’ve decided to engage our bookkeeping services, we’ll assign an experienced accountant who will seek to work with you personally to accomplish your business’ accounting needs. Most of our accounting and bookkeeping procedures are done online, in a somewhat paperless office environment. This not only eliminates errors but also makes execution of accounting tasks faster and more efficient. 

Some of the key bookkeeping services offered by Tianlong Services include:

  • Data entry
  • Preparation of profit and loss statements and balance sheets
  • General Account filing 
  • Fixed asset ledger maintenance 
  • Cash flow statements
  • Bank reconciliations 
  • Books cleanup
  • Financial analysis for monthly, quarterly and annual periods
  • Preparation of Director’s Report 

How Our Bookkeeping Services Work

For your bookkeeping to go as smoothly as expected, you’ll be required to submit your financial documents on a periodic basis. Our experienced accountant(s) will then review and organize the information provided to create and maintain a standard accounts ledger.  

Your business will be required to submit the following for bookkeeping purposes:

  • Purchases orders/invoices 
  • Sales orders/invoices 
  • Expense notes
  • Payment vouchers
  • Bank statements 
  • Payroll summary
  • Fixed asset register
  • Tenancy agreement/invoices
  • Inventory listing 
  • Debtor and credit control 
  • Statement of borrowing or hire purchases and more 

Why Outsource Your Bookkeeping Services to Tianlong Services?

The advice-giving supremacy of our accountants is what makes us unique. Not only do they provide a wide range of bookkeeping services to suit your business needs, they also allow you to focus on the core functions of day-to-day activities of your business.

We don’t just send you reports every week, month, 3 months, annually or within your desired intervals. We acknowledge that the numbers are useless if you do not know how to use them. As such, our certified accountants will help you understand your financial statements meticulously.

Our bookkeeping services for your businesses includes financial statement analysis. We will analyse your financial statements to help you identify areas that need improvement, such as investing in advertising campaigns and eliminating unnecessary expenditures.

Our qualified accountants who are always in the know regarding the complex standards of bookkeeping and financial requirements will deliver accurate and timely financial reporting. We will assign a dedicated accountant to work with your business. You can email our accountant with questions or schedule phone consultations to discuss your finances further.

Tianlong Services Helps You Save More on Bookkeeping Services

Hiring a single bookkeeper in Singapore to join your accounting department can cost you more than $1,500 a month. But when you opt for outsourced bookkeeping services from Tianlong, you’ll only incur a total monthly cost of around $520 in terms of monthly bookkeeping base fees.  

Even with the cheaper bookkeeping fees we charge, our services are still reliable and top notch. So at the end of every financial year, you would have saved tens of thousands of dollars, all while keeping your accounts and financial records clean and straight.  

The massive savings you make in terms of money can be channeled to other activities that can help you grow your business. Further, with less or no amount of staff needed in your accounts department, you can focus your energies more on making other departments more productive. 

Case Studies

Our clients gave us the opportunity to interview them to learn about their experiences in working with us. We hope their stories will help you determine if our services will help your business and to see if we’d be a great fit.

Scenario 1

A small business owner called our offices one evening to request for our bookkeeping services. Even though his company had lately been going through a period of sustained growth, profit margins remained slim and worrisome because the owner was unable to pay for most of his expenditures.

So our accountants analysed the cash flow situation in his business by restructuring the chart of accounts. That’s when we found out that in order to attain the projected profitability, the company had to change its pricing structure to accurately reflect its administrative overhead costs.

A strategic plan was developed with quantifiable goals that could be monitored on a monthly and quarterly basis. Within one year, the business started earning solid profit margins and the business owner was able to keep up with all expenses without a hitch.

To date, the client is extremely happy to outsource the bookkeeping functions of his business to us.

Scenario 2

Our next client is a Malaysian real estate firm. It has been in business for over 10 years, and operates in the home country, China, and Singapore with 15 branches sprinkled in those locations. Every month, the company runs a payroll for more than 50 employees. With meagre expert knowledge and the licensed software to process payroll, the CEO reached out to us because the process had become too time-intensive and it affected their profitability.

Not only did the employees earn unalike salaries, but they were also paid on different dates. This made it hard for our client to update payroll information accurately and disburse on time. The company gave us full responsibility of payroll, starting with weekly processing and disbursements in addition to coordinating with third party agencies.

Within a few months, the client gave us following feedback, “Your structured process has helped my business save thousands of Malaysian Ringgits I would have spent on payroll software licence, upgrades and initial staff training.” Currently, the company saves over 50% every month from our services compared to if they would have outsourced payroll to a bureau.

Want to Grow Your Business? Outsource Your Accounting Services to us.

From the above case studies, you can see that Tianlong’s Outsourced Accounting and Bookkeeping Services in Singapore can result in massive savings for your business’s money. Consult with a qualified professional at Tianlong Services today to see if our services can work for your company as they have for hundreds of their other clients.

We Have a Free Trial Service for You!

Outsourcing bookkeeping services can be quite challenging especially for a business or company that has never done it before. One may be wondering whether the outsourced services can produce desirable results or they would end up being more costly. 

At Tianlong Services though, we understand all the concerns you have when trying to outsource bookkeeping services in Singapore. That’s why we offer you a FREE one month bookkeeping trial, so you test the waters and see whether it’s worth it or not. 

Even if you decide our services aren’t what you expected, we’ll still allow you to keep the balance sheet, income statement and reports. We are as generous to our customers as that. For high-quality and timely bookkeeping services Singapore contact us via our phone number, send us an email or visit our office at Suntec Tower Three, 8 Temasek Boulevard, Singapore.

Bookkeeping services in Singapore

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You will get a month’s worth of bookkeeping. Whether or not you continue with us, your reports for the month are yours to keep.