Each month, we close your books. That means your accounts match what actually happened in the bank, every transaction sits in the right place, and you get a short report you can read in a few minutes. It’s the steadiest way to know how the business is doing, and the least stressful way to reach year end.
Last reviewed 17 October 2026.
What happens each month
| Step | What we do |
|---|---|
| 1 | Collect your bank and credit card statements, invoices and receipts |
| 2 | Reconcile each account to its statement |
| 3 | Code and check transactions against the documents, not just the bank description |
| 4 | Track GST for the period, if you’re registered |
| 5 | Record payroll and CPF entries |
| 6 | Keep director and shareholder loan movements separate from business costs |
| 7 | Send you a profit and loss, a balance sheet and a short note on anything unusual |
Catching a duplicate payment or a miscoded cost in the month it happens takes minutes. Finding it at year end takes much longer, because you have to work out what a bank line meant eleven months ago.
Who it suits
- Regular invoicing, several suppliers, payroll or loans
- Owners who want a monthly view of cash and profit
- GST-registered companies that want their returns ready on time
- Companies that expect to grow, or are preparing for a bank or investor
Light volumes usually suit quarterly bookkeeping, and we’ll say so if that’s the better fit. If your books are behind, start with annual compilation.
How it connects to your GST
GST returns are due one month after each accounting period ends, quarterly unless IRAS has approved monthly returns. A monthly close means the figures for any return are already checked when the period ends. See GST filing.
Example (illustration only)
ABC Supplies Pte Ltd pays a supplier twice by mistake in February. In our monthly close, the reconciliation shows the second payment with no matching invoice, so we flag it in the note. The supplier credits it in March. Without a monthly close, it could have gone unnoticed until the year-end accounts.
What we need from you
- Statements for every bank and credit card account
- Sales and purchase invoices, and receipts
- Payroll summaries and loan statements
- Answers to our questions within a few days, so the close doesn’t slip
Questions people ask
What does it cost? It depends on your volume and how organised your records are. We quote after a first look.
Do I need Xero or QuickBooks? No. We can work in what you use, or help you move. See cloud accounting setup.
Can I switch to quarterly later? Yes, and back again.
Does this include my tax return? No. See corporate tax.
Sources
- IRAS: GST F5 due dates and record-keeping, as set out in our GST filing page
General information, not professional advice for your specific situation.
Ready for a monthly close?
Tell us your bank accounts, rough transaction count and whether you’re GST-registered, and we’ll tell you what monthly would look like for you. Ask us about monthly bookkeeping.