Companies often cannot commercially justify having in-house resources committed to meeting a complex range of statutory and accounting requirements. Thong & Lim can set up and maintain books of accounts, provide payroll and vendor payment services.

Our services as at glance:

We provide bookkeeping services for the following on a monthly, quarterly or half-yearly basis:

• General ledger
• Accounts payable ledger
• Accounts receivable ledger
• Bank reconciliation
• Fixed assets ledger
• Payroll services

FREQUENTLY ASKED QUESTIONS:

What are the benefits of outsourcing my bookkeeping?

Most small and medium businesses may find themselves lacking resources or accounting know-how to efficiently perform their accounting tasks. Oftentimes, the time spent figuring out the company’s accounts is better spent on the operations of the business. In addition, the accounting records of a company are best routinely kept up to date but sometimes procrastination gets the best of us and we find ourselves falling behind on the books. Before long, you realise the accounts are in a mess which may result in late filing penalties or in the worst-case scenario, investigations from the authorities which may also include court summons.

Outsourcing your bookkeeping ensures a qualified set of eyes are maintaining your company’s books to a professional standard.

As we also offer audit and taxation services, there is an added benefit to ensure that all your accounting and reporting needs are met on a timely basis should you consider our other services.

Will you be working from my office?

We normally work out of our office, but we do recognise that at times it may be more beneficial to visit your office premises to go through the necessary documentation (e.g. invoices, bank statements etc) which can be arranged with you.