Bookkeeping services companies in Singapore help their clients in choosing Single-entry or Double-entry methods and cash or accrual basis of bookkeeping. Your choices should consider business needs, daily transaction volume and revenue.
In general, a single-entry bookkeeping method is small businesses that do not indulge in credit transactions, have little to no physical assets and hold small inventory.
The double-entry method is useful to the companies that buy and sell using credit transactions.