Singapore registered companies are required to keep proper books of accounts. This bookkeeping process not just helps in facilitating the day-to-day account maintenance but also helps in financial statement drafting. It is because of it that a business gets a complete insight into sound decision-making and efficient financial management.
There are many accounting service providers in Singapore. One can always choose Bestar for their bookkeeping services, but before we move ahead, it is important to know what bookkeeping is.
Bookkeeping refers to the process conducted daily for recording all financial transactions and details. It also includes posting debits and credits, generation of the invoice, completing the payroll, and balancing the current account and general ledgers.