📧 Contact us: cfo@bioutsource.com
Singapore Singapore

Small Business Accounting & Bookkeeping Services

Small Business Accounting Services – BI-Outsource

Accounting is typically an afterthought, according to BI-Outsource's experience with small enterprises. Many entrepreneurs find that handling their cash is a distraction. However, a structured and timely accounting process is one of the most powerful tools a small business can use to grow sustainably.

Most small business owners juggle too many responsibilities. They aim to handle everything from sales and marketing to invoicing, tax filing, and payroll. What was the result? Missed deadlines, cash flow shortages, and missed growth chances. Even basic financial reporting is frequently skipped, resulting in decisions based on guesswork rather than actual numbers.

That is where we step in. BI-Outsource offers end-to-end bookkeeping and accounting solutions designed exclusively for small enterprises and startups. Whether you run a solitary consultant or a 20-person organization, we ensure that your financials are precise, compliant, and relevant not only during tax season, but all year.

Our process flow of Accounting Services for Small Business

  • Understand your current operations and organizational structure.
  • Map your reporting system and decision-making flow.
  • Reviewing how data is currently collected and used.
  • Identifying the number and type of reports required for compliance and strategy.

Whether it's QuickBooks, Zoho, Xero, or a combination of third-party apps, we only propose technologies that save human labor and increase accuracy.

  • Meet your company's particular reporting requirements.
  • Align with industry standards.
  • Ensure full compliance with local tax and regulatory frameworks.

We help you create a clear business process map, which includes:

  • Frequency and triggers for accounting tasks
  • Predecessor and successor steps for each process.
  • Responsibility Assignment (RASCI Matrix)
  • Job responsibilities and timelines
  • Calendar of critical events.

Finally, we provide training and assistance to our clients' personnel and business owners to ensure the easy implementation of our suggested business processes, standard papers for tracking business process activities, and the best results from the system.


Thus, our Small Business Accounting Services helps small businesses and start-ups in overcoming challenges they face in doing business such as;

  • Bookkeeping and general ledger maintenance.
  • Accounts Receivable and Payable Management
  • Payroll Processing and Tax Compliance
  • Customized management reports
  • Financial Analysis and Planning
  • Business Budgeting and Forecasting
  • Virtual CFO Services

Accounting for small businesses, without hiring a team

Small businesses need the same compliance as large ones, with a fraction of the staff. Owners end up doing the books at night, deadlines slip, and the numbers are not ready when a bank or buyer asks.

We give small businesses in Singapore a complete outsourced finance function for a fixed monthly fee: bookkeeping, compliance, payroll and simple management reports.

What a typical engagement includes

  • Monthly bookkeeping in Xero, QuickBooks or ABSS, with bank and card reconciliations
  • Sales invoicing support and receivables follow-up
  • Supplier bills and payment runs
  • Payroll and statutory deductions
  • GST, corporate tax and CPF returns prepared on time
  • Year-end accounts ready for your auditor or for filing with ACRA
  • A one-page monthly report on profit, cash and what is owed

How to get started

  1. A short call about your business, software and deadlines.
  2. A fixed monthly fee based on transaction volume and scope.
  3. We set up access, catch up any backlog and agree a monthly timetable.
  4. You send documents as they arrive; we keep the books current and tell you what is due.

Get a proposal

Singapore requirements we work to

Singapore companies keep accounting records for at least five years and prepare financial statements under the Singapore Financial Reporting Standards (SFRS). We keep your books ready for the key dates: the Estimated Chargeable Income (ECI) within three months of your financial year-end, the annual return to ACRA, and Form C-S or Form C to IRAS by 30 November.

Common questions

Do you prepare SFRS financial statements?

Yes. We prepare financial statements under SFRS, or SFRS for Small Entities where your company qualifies, ready for your directors and, where needed, your auditor.

Can you handle GST?

Yes. We record GST at 9%, reconcile input and output tax and prepare your GST F5 return each quarter if you are GST-registered.

Which software do you use?

We work in Xero, QuickBooks Online and Zoho Books, all accepted by IRAS and common in Singapore. If you already use one, we work in your file.

Guides

Get a proposal or email cfo@bioutsource.com

Book a free call