Our bookkeeping service involves keeping record of all financial transactions that occur in a business. Examples of these financial transactions are financial statements, balance sheets and income statements. He or she is also tasked to prepare a review summary and presentation, which will inform businessowners and managers on the financial standing of their company and enable them to make well-informed executive decisions.

Different Types of Bookkeeping

There are two types of bookkeeping that accounting firms practice when managing a business’ financial activities: single-entry and double bookkeeping.
  • Single-entry Bookkeeping

  • Considered the most straightforward method, the single-entry bookkeeping method records every transaction into a single-entry journal. This entry can either be an income account or expense account. One prominent example of this method is cash books.
  • In this method, bookkeepers have a cash book wherein they record the income and expenses of the business. They start with the current cash balance to which the business’ income will be added, followed by the subtraction of the expenses. Once all of these transactions are factored in, bookkeepers can calculate the ending balance within a specific period.
  • Double-entry Bookkeeping

  • Double-entry bookkeeping records every transaction in two accounts: credit and debit. Here, the amount of the recorded debits (assets) must be equal to the recorded credits (liabilities).
  • Double-entry works by following the basic equation Assets = Liabilities + Owner’s Equity. Asset is the money that the business has or owns; liability is anything that the business owes; and owner’s equity is the owner’s investment in the company.

Importance of Bookkeeping in Businesses

How Casey Lin & Co. Can Help


Taxation Services
  • Corporate Tax
  • Personal / Individual Tax
  • GST Filing Services
General Accounting Services
  • Accounting Service
  • Bookkeeping Service
  • Auditing Service
Business Set Up
  • Company Incorporation
  • Corporate Secretarial Services
  • Management Consultancy
  • Payroll Services

Casey has been our full service provider for all matters relatedto incorporation, company secretary, audit and tax matters Over the last 8 years they have offered their expert advice for a range of companies in different industries. They do not only assist with recurring compliance obligations such as audits, financial statements and tax returns, but also in more complex matters with debt restructuring and issuing shares. They maintain high levels of integrity yet go the extra mile to offer their balanced opinion between ‘could do’ and ‘should do’.


Casey Lin & Company undertakes assignments covering a wide range of audit clients, including investment holdings, department stores, advertising agencies, construction and developers, travel agencies, oil brokers, charity organisations, trading companies and manufacturing companies. The work includes statutory audit, management consultancy services, tax advisory, share valuations,


Met up with Casey and team, they give professional advises with patience. Can let them handle my company accounts at ease.


Got our accounts problem settled by them. Various of services available and they did it professionally.

Calvin Lau

Casey Lin & Company – Singapore Accounting & Audit Firm
You are welcome to call us for advice.
Call Us now +65 6225 8175

10 Anson Road, #35-11 International Plaza,
Singapore 079903

Whatsapp: +65 9818 0026
Tel: +65 6225 8175
Fax: +65 6225 4612

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