Online bookkeeping for Singapore businesses
The month closes when the last line reconciles.
Cloud accounting software on one side, a managed bookkeeping team on the other. Receipt capture, bank reconciliation and GST-ready records move through the same book.
What the month looks like
Every transaction enters once.
Receipts arrive by app upload, email or WhatsApp, get matched to a bank feed, and land in a category a person has reviewed rather than one a rule guessed at. From there the same numbers flow into GST-ready reporting, management reports and year-end financial statements — no second round of data entry, no rebuilding the month in a spreadsheet.
Swipe the strip
What the platform actually does
Bookkeeping in Singapore, run like a ledger.
LedgePoint is an online bookkeeping platform for Singapore businesses. It pairs cloud accounting software with a managed bookkeeping team, so transaction capture, bank reconciliation, GST-ready records and InvoiceNow connectivity sit inside one continuous workflow rather than four disconnected tools.
Most Singapore SMEs do not fail at bookkeeping because they cannot add. They fail because the month ends with a shoebox of receipts, three unlinked bank accounts, and a GST deadline that arrived while everyone was closing a deal. LedgePoint is built around that specific gap: software for the capture, people for the judgement, and a structure that produces filed records rather than a folder of screenshots.
- Enters once
- Receipts, bank lines and supplier invoices land in the same ledger, categorised once and reviewed by a person.
- Flows onward
- GST-ready reporting, monthly management reports and year-end financial statements read from the same figures.
- Works alongside
- Already running Xero? LedgePoint maintains the ledger there. If you are not, we can host it.
- Daily habit
- Bank feeds pull activity automatically, so reconciliation stops being a month-end event and becomes a Tuesday one.
Receipt capture that fits how your team already works
Asking staff to install a second app and remember a login is how receipt capture dies. Submissions come by WhatsApp, email or mobile upload, so the person who paid for the client lunch sends the photo the way they already send everything else. Reconciliation matches that receipt against the card transaction and flags anything left unmatched.
Unmatched items get chased before month-end, not after. A missing receipt found on the 28th is a two-minute fix; the same receipt found during year-end close is a phone call to someone who has left the company.
Bank feeds, and what automation really removes
Bank feeds pull transactions into the ledger automatically, and the practical effect is that manual entry mostly disappears from the daily routine. What is left are the judgement calls: is this a capital item, is this staff welfare, does it belong to the current GST period. Automation does not answer those — it just stops you spending the evening typing them in first.
For businesses running several accounts, the reconciliation screen is where the value compounds: one feed per account, one matching queue, and a visible count of what is still open. You can read the month's health at a glance without opening a single report.
From sign-up to first close
Five lines, and then the pattern repeats.
The onboarding sequence is deliberately short, because the fastest way to lose a founder is a six-week implementation. After the first close, each month repeats the same shape: capture, reconcile, review, report. Predictability is the product.
- 01 Tell us your entity type and how you bank Entity type, GST registration status, and how many bank accounts and cards you run. Ten minutes, no documents yet — enough for us to size the ledger before anything is moved.
- 02 Connect bank feeds, or send statements Daily transactions pull in automatically. Where an institution does not offer a feed, statements are uploaded instead, and the same reconciliation queue applies.
- 03 Set a chart of accounts you will actually read Not a default template with 140 rows nobody opens. The categories are built around how this business spends, so the monthly report means something when it arrives.
- 04 Hand over the backlog Last six months of receipts and invoices, plus anything the previous bookkeeper left open. Catching this up now is what makes every later month short.
- 05 We reconcile, you review exceptions Your first monthly close sets the pattern for every one that follows: the bookkeepers categorise and reconcile, you clear the handful of items only you can explain. Reconciled
The monthly report
Reports for people who are not accountants.
A ledger tells you what happened. Management reports tell you what it means while you can still act on it. LedgePoint produces monthly reports aimed at owners and managers — revenue against cost, cash movement, outstanding receivables, and the categories where spending has drifted.
These sit between transaction processing and formal financial statements, which is exactly the gap most small businesses fall into. The statutory accounts arrive once a year and look backwards. A management report arrives every month and is still useful when you read it.
What a LedgePoint management report contains Open
- Revenue vs cost
- What came in, what it cost to deliver, and where the margin actually moved.
- Cash movement
- Opening and closing cash, the timing gap between invoice and payment, and anything unusual.
- Receivables
- Who owes what, how long it has been outstanding, and which customers are drifting.
- Drift
- The categories where spending has moved quietly since last month, flagged before year-end explains it for you.
If you prefer to drive the software yourself with no review layer, that is a legitimate choice too — the comparison page sets out the tradeoff honestly.
Compare DIY software and managed bookkeepingGST and InvoiceNow
Two questions every Singapore SME asks.
GST readiness and e-invoicing are not really separate projects — both depend on the same thing, which is whether the underlying records are structured. Structured records file themselves; untagged ones get rebuilt the week before the deadline.
Being GST-ready means the records are structured the way IRAS expects to see them before anyone starts preparing the return, not after. Tax codes are applied at categorisation, the GST report reconciles to the ledger, and the numbers you hand to whoever files are the numbers already in the system.
If you are not yet GST-registered, the same structure still applies. Registration thresholds move with revenue, and switching a clean set of historical records across is straightforward. Retrofitting two years of untagged transactions is not.
- Enforces
- Tax codes applied at the moment of categorisation
- Reference
- IRAS, throughout — the report is prepared from the ledger
- Before filing
- GST report reconciles back to the same figures
InvoiceNow is Singapore's e-invoicing framework, built on structured invoice exchange in the Peppol style. The shift is not really about sending a PDF faster — it is about invoices arriving as data that can post straight into the ledger, which removes a whole category of manual keying and the typos that come with it.
LedgePoint supports InvoiceNow and Peppol workflows so outgoing invoices and incoming supplier invoices move as structured documents rather than attachments. The businesses that gain most are the ones issuing or receiving high volumes from larger counterparties already on the network.
- Outgoing
- Sales invoices exchanged as structured documents
- Incoming
- Supplier invoices posting without rekeying
- Fits best
- Higher invoice volume with larger counterparties
Who this fits, and who it does not.
Good fit
- Singapore SMEs with regular transaction volume and at least one bank account doing real business
- Companies approaching GST registration, or with several accounts to reconcile each month
- Businesses issuing invoices to larger customers who already expect InvoiceNow
- Founders who have outgrown a spreadsheet but are not ready to hire bookkeeping in-house
Poor fit
- You want to do everything yourself, with no review layer over the books at all
- Very low transaction volume where a spreadsheet genuinely still carries the month
- You need a service that files the return and signs off advice beyond the bookkeeping itself
What holds up after the first year
Bookkeeping tools are easy to judge in month one and hard to judge in year three. What tends to matter later is whether the categorisation still reflects how the business actually runs, whether the opening balances survived an accountant's review, and whether anyone can explain a transaction from fourteen months ago without a research project. LedgePoint keeps the audit trail intact by default: who submitted a document, when it was categorised, what it was matched against. That record is worth little on a quiet Tuesday and a great deal during an audit, a funding round or a tax query.
The same book, at nine at night
A ledger you can file is worth more than a spreadsheet you can only hope about.
Missing receipts get chased before month-end, not after — because a missing receipt found on the 28th is a two-minute fix, and the same receipt found during year-end close is a phone call to someone who has left the company.
Where to continue
Bring us one month, and we will show you what it costs to keep.
Before you ask
Questions Singapore owners actually send us.
If your question is not here, the team answers it directly — no routing, no ticket queue.
Reach the team at contact, or call +65 6224 3204 during working hours.
Is LedgePoint a DIY accounting tool or a managed bookkeeping service? +
It is a platform with a managed team behind it. You get cloud accounting software for capture and visibility, and our bookkeepers handle categorisation, reconciliation and the monthly close. If you prefer to drive the software yourself, the comparison page explains what standalone tools look like instead.
Which is better for a Singapore SME, Xero or QuickBooks Online? +
Both handle core bookkeeping well, and Xero is widely used by Singapore accounting firms, which makes handoffs easier. LedgePoint runs on Xero where that suits you, so the decision is less about picking a winner and more about who maintains the ledger month to month.
Does LedgePoint support InvoiceNow and Peppol? +
Yes. InvoiceNow and Peppol workflows are supported so invoices can move as structured data rather than PDF attachments, which reduces manual keying on both the issuing and receiving side.
Can the platform handle GST filing and local compliance? +
Records are structured GST-ready, with tax codes applied during categorisation and GST reports that reconcile to the ledger. Filing is prepared from those records, and IRAS is the reference point throughout. If you are not yet GST-registered, the structure still applies when you cross the threshold.
How easy is it to reconcile bank transactions automatically? +
Bank feeds pull transactions into the ledger daily. Most items match automatically against submitted receipts and invoices, and what remains lands in a review queue you can clear in one sitting rather than a month-end marathon.
Can receipts be submitted from WhatsApp, email or mobile upload? +
Yes, all three. Staff send the receipt the way they already send everything else, and it gets matched to the transaction and flagged if something does not line up.
Talk to the team
Keep the visibility. Let the lines move.
A bookkeeping consultation is a working conversation about your accounts, your GST position and how the month currently closes. Bring the last statement you have and the questions you have been putting off.
- Address
- 120 Robinson Road, #12-01, Singapore 068913
- Phone
- +65 6224 3204
- [email protected]
- Hours
- Monday to Friday, 9:00 AM – 6:00 PM
Legal name and UEN to be provided by the client. Registered in Singapore.