In Singapore, unreconciled receivables and payables not only disrupt financial management but also risk incorrect GST filings. IRAS requires businesses to keep proper records of every transaction — reconciled ledgers ensure compliance and audit readiness.
GST-accurate ledgers for reliable tax filings.
SFRS-compliant trial balances.
Enhanced cash flow visibility and working capital control.
Readiness for IRAS audits or inspections.
Match invoices to payments, ensuring GST treatment is correct.
Reconcile supplier statements with AP ledgers.
Flag aged receivables and overdue payables.
Prepare schedules for provisions and audit requirements.
Maintain records aligned with IRAS’s five-year retention rule.
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