Accounting

5 Key Tips for Efficient Bookkeeping in Singapore

Bookkeeping is a tedious task. It’s a monotonous responsibility, and as a fellow business owner, I’m sure you agree with me. Bookkeeping is more than keeping records and receipts organised; it also involves managing and reconciling these records the accurately. Even though bookkeeping is rarely anyone’s favourite task, you should never neglect the importance of …

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outsource bookkeeping singapore

Why Outsource Your Bookkeeping in Singapore and Dump your Spreadsheets

Not thinking of outsourcing your bookkeeping? As a business owner, there are many things that take up your time throughout the day. You handle your employees, monitor marketing plans, manage social media accounts, attend meetings, and many other things. While you might think that managing the accounting aspects of your company is one of the …

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Tianlong bookkeeping services Singapore

Similarities and Differences between Accounting and Bookkeeping

For individuals with a non-commerce background, it’s not so easy to distinguish between bookkeeping and accounting. This could have a profound effect not only on the services provided for your business, but also the cost that you incur in terms of hiring the respective services. While all businesses require both services, the scope of each …

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Accounting and Bookkeeping service in Singapore

The difference between Accounting and Bookkeeping

A common question is whether there is any difference between accounting and bookkeeping. Bookkeeping is essentially a subset of the larger topic of accounting. In essence, a bookkeeper is a person who is broadly responsible for the basic functions of the accounting department. The bookkeeper creates financial transactions, as well as financial reports that summarize …

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