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Accounting & bookkeeping

Your books, done. Then we talk.

A bookkeeper records your numbers. We read them — and then we discuss what's missing, what's not right, and what to do about it.

More than a bookkeeper
01We know your industry

What a normal month looks like for a contractor, a clinic, an F&B outlet or a trading firm — so we notice when yours doesn't look normal.

Same numbers, different eyes.
02We know what your margin should be

Every trade has a range. If your gross margin is thin for your industry, we say so in March — not after year-end when it's too late to fix.

Find the leak before it costs you the year.
03We talk tax planning, not just filing

Correct accounts lead to correct tax. What to claim, what to time before year-end, what to keep out of the company — decided while the year is still open.

Because we understand business, not just books.
Books in a mess, or just not sure they're right? Send us last year's accounts. REVIEW MY BOOKS ON WHATSAPP →
What your accounts look like when they come back from us

Same statement. Read, not just recorded.

Every business's numbers are different. The conversations aren't. Tap to see a sample profit & loss, and the six things we'd actually say about it.

Statement of profit or loss

Sample company · FYE 31 Dec · S$
Reviewed by Morphrix
Revenue
Sales — services486,200
Our noteIs this all cash sales? Under FRS, what you've invoiced but not collected is still revenue — and what you owe suppliers is still a cost. Many directors miss this, and it understates both sides.
Sales — products92,750
Total revenue578,950
Cost of sales
Purchases & subcontractors(318,400)
Our noteClimbing three months running while sales stayed flat. Supplier prices went up — or your pricing didn't. Which is it?
Direct labour(54,300)
Gross profit206,250
Our noteThat's a 36% gross margin. For your industry this is thin — we know what it usually runs at. Let's find the leak before year-end.
Operating expenses
Staff costs & CPF(98,600)
Our noteIs the company eligible for a salary or hiring grant on this? Let's check before the window closes — you didn't ask, we're raising it anyway.
Rent & utilities(36,000)
Marketing(14,200)
Professional fees(6,800)
Depreciation(9,400)
Other expenses(21,350)
Our noteTwo items in here aren't business expenses. Let's take them out now — before IRAS asks and it's a problem instead of a tidy-up.
Total operating expenses(186,350)
Profit before tax19,900
Our noteLet's sit down and go through this year's profit together — what's driving it, what's timing, and what it means for tax before the year closes.
Sample figures for illustration only.
Our noteIs this all cash sales? Under FRS, what you've invoiced but not collected is still revenue — and what you owe suppliers is still a cost. Many directors miss this, and it understates both sides.
Our noteClimbing three months running while sales stayed flat. Supplier prices went up — or your pricing didn't. Which is it?
Our noteThat's a 36% gross margin. For your industry this is thin — we know what it usually runs at. Let's find the leak before year-end.
Our noteIs the company eligible for a salary or hiring grant on this? Let's check before the window closes — you didn't ask, we're raising it anyway.
Our noteTwo items in here aren't business expenses. Let's take them out now — before IRAS asks and it's a problem instead of a tidy-up.
Our noteLet's sit down and go through this year's profit together — what's driving it, what's timing, and what it means for tax before the year closes.
We don't just do the books. We understand business.
Want your own P&L read like this?

Send us last year's accounts, or this year's so far. We'll tell you what we'd flag, and what it means for your tax before the year closes.

READ MY ACCOUNTS ON WHATSAPP →
How it works

From "hi, I need a bookkeeper" to numbers you can act on.

01

We look at what you've got

Existing books, backlog, whatever software you're on. If there's a mess, we say so and clean it up first. Most of our accounting clients are running companies, not starting them.

02

You send, we record

Receipts and invoices by WhatsApp, bank feeds into Xero or QuickBooks. Monthly reconciliation, so the books match reality — not a year-end scramble.

03

We read, then we talk

Margin, what's missing, what's not right, what to time before year-end, what to fix next year. Then the financial statements to Singapore FRS, straight into tax and your AGM.

Correct accounts lead to correct tax. We guide you the whole way.

Bookkeeping, financial statements, tax planning and the conversation in between — one team, one WhatsApp group.

TALK TO US ABOUT YOUR BOOKS →
Same accounts. Different hands.

A bookkeeper keys it in. We read it.

Hand the same transactions to two people and you get two different outcomes — because classification is judgement, not data entry.

LineA bookkeeperMorphrix
RevenueRecorded. Matches the invoices.Invoiced but not collected is still revenue. Under FRS the sale happens when you bill, not when the money lands — same for supplier bills.
Cost of salesFiled under cost of sales.Your margin's narrowing three months running. Supplier prices, or your pricing didn't move?
Gross marginCalculated.Thin for your industry. We know what it usually runs at — let's find the leak before year-end.
GSTNot registered. Nothing to do.You import most of your stock. Registering voluntarily could let you claim back GST you're eating now — let's check if it's worth it.
Other expensesWhatever you sent us, entered.Two of these aren't business expenses. Out now, before IRAS asks.
Net profitHere's your number.Let's go through the year's profit together — what's driving it, what's timing, and what it means for tax.
Cheap books aren't a bargain

The same accounts, done badly, cost you more than you saved.

Bookkeeping looks like data entry until it goes wrong. The truth is it's judgement — and the wrong judgement quietly costs you at tax time, with the bank, or with IRAS.

The cheap freelancer isn't saving you money

The market is full of cheap bookkeepers — and cheap often means messy. Some directors with no accounting background just plug in figures themselves to save cost. Either way, you pay to untangle it later. We'd rather you do it right the first time.

One set of accounts. Different hands. Different results.

Hand the same transactions to two bookkeepers and you can get two different outcomes — because classification is judgement, not just data entry. A wrong classification can quietly cost you real money. We classify it right, and we can explain why.

GST isn't only about the threshold

Cross the IRAS registration threshold late and the GST is backdated — out of your own pocket, with penalties landing on the director. But if you import or carry heavy GST costs, registering voluntarily even at lower turnover can save you the GST you'd otherwise eat. We look at your business and tell you which side you're on.

We read your numbers, not just record them

We don't treat bookkeeping as data entry. We read your figures, spot the errors, correct what's wrong, and give you our honest take — because we take the time to understand your business. Your business, our business.

Financial report & XBRL

One set of numbers. Filed the way ACRA and IRAS each want it.

After the year closes, ACRA wants your financial statements in XBRL with the annual return, and IRAS wants the same figures behind Form C-S/C. We prepare the financial report once — then convert it, rather than re-keying it twice.

01 · Prepare

The financial report, compiled — not printed

A proper set of accounts is more than a P&L printout. It carries the directors' statement, accounting policies and notes, prepared to Singapore FRS. That is what the bank, the auditor and ACRA expect to see.

02 · Convert

XBRL from the same file

Whether your company needs full XBRL or the simplified version depends on its size and type — and some solvent exempt private companies don't need to file financial statements at all. We tell you which applies, then prepare the XBRL in BizFile-ready form.

03 · File

Ready for the AGM and the annual return

The report is prepared after your financial year-end, in time for the AGM and the annual return that follows it — with the same figures carried into ECI and Form C-S/C. One year-end, no scramble.

Year-end passed and nothing prepared yet?

Tell us your financial year-end and whether you have books at all. We'll tell you what's due, in what order, and whether your company needs full XBRL, simplified, or none.

GET MY YEAR-END SORTED →
What's included

From daily records to statutory financial statements.

Monthly Bookkeeping

Accurate, timely recording of invoices, bills and receipts — kept current, not crammed at year-end.

Financial Report Preparation

Directors' statement, profit & loss, balance sheet, cash flow and notes — compiled to Singapore FRS, as every company must.

XBRL Filing

Your financial statements converted to XBRL — full or simplified, whichever ACRA requires for your company — ready for the annual return.

Bank Reconciliation

Monthly reconciliation of all your bank accounts so the numbers actually match reality.

Management Reports

Monthly or quarterly reports with insight you can act on — not just figures, but what they mean.

Accounts Payable / Receivable

Clear tracking of what you owe and what's owed to you, so nothing slips through.

Audit Support

Audit-ready books and full support during statutory audits — ready when the bank or auditor asks.

Let's talk

Correct accounts lead to correct tax.

Messy books cost you twice — once in cleanup, and again in missed deductions and wrong filings. Clean, current books done by people who actually read them save you money and stress.

We don't just keep your records. We help you understand your numbers and anchor the direction of your business as it grows.

Your business, our business.
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Frequently asked questions

Accounting & bookkeeping, answered.

Yes. Every Singapore company is required to keep proper accounting records and prepare financial statements in line with Singapore Financial Reporting Standards (FRS). It's a statutory obligation, not a nice-to-have — and it's the foundation your tax filing and any audit rest on.

XBRL is the machine-readable format ACRA uses for financial statements filed with the annual return. Most Singapore companies file some form of it — full or simplified, depending on size and type — while some solvent exempt private companies only need to declare solvency instead. We check which applies to you, then prepare the XBRL straight from your compiled financial report so nothing is keyed in twice.

Registration becomes compulsory once your taxable turnover crosses the threshold set by IRAS, or is expected to in the next 12 months — miss the window and IRAS can backdate it, with the GST and penalties falling on you. Below the threshold you can register voluntarily, which can be worth it if you carry significant GST on purchases (e.g. imports). We assess which applies to your business.

You can — but cheap bookkeeping often means messy or wrongly classified accounts that cost more to fix than you saved, and can lead to wrong tax and missed deductions. We read and review your books, not just key them in, so the foundation is right from the start.

Both — it depends on your transaction volume and whether you're GST-registered (which needs quarterly figures). We'll recommend the rhythm that keeps you compliant without paying for more than you need.

We work with cloud platforms like Xero and QuickBooks, which give you real-time visibility of your numbers and make it easy to share documents with us. If you're already on something else, we'll look at it before deciding whether to migrate.

Yes — most of our accounting clients are existing companies, not new ones. We review what you have, tell you honestly how much clean-up it needs, fix it, and then run it properly from there.

We understand business, not just books — margins, cash flow, what usually goes wrong in your line. You'll hear it in the first conversation. And if something about your industry is new to us, we'll say so upfront rather than guess.

Not quite your situation?  ASK ON WHATSAPP →  ·  FULL FAQ →

Next · 03 TaxBooks done. Now the tax.

A P&L we actually understand is a tax return with no surprises. See what happens between year-end and 30 November.

See taxation
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