Singapore companies are legally required to maintain proper books of accounts under the Companies Act and to prepare annual financial statements — audited or unaudited depending on whether the company qualifies as small. Well-organised digital records that the appointed accounting firm can access directly reduce the time spent chasing documents at year-end and during IRAS reviews.
Source documents — invoices, receipts, expense claims — are scattered across email, WhatsApp and shared drives. The accounting firm spends hours or days collecting them before each filing, and some are inevitably missed.
Structured digital document archive where invoices and receipts are auto-categorised and the accounting firm can access them directly via a shared mandate — no email chasing.
The chart of accounts has been set up generically without Singapore-specific categories, making year-end adjustments time-consuming and producing financial statements that require significant reworking.
Singapore-aligned chart of accounts covering the standard asset, liability, equity, income and expense categories used by Singapore accounting firms, exportable in formats compatible with standard audit workflows.
Fewer document-chasing emails, faster year-end close and a cleaner IRAS evidence base.
