Industries · Commercial & Industrial

Import and export accounting across borders and currencies.

Multi-currency invoices, permits, freight and GST schemes make trading books complex. We keep the currencies, schemes and margins straight so cross-border trade stays profitable on paper as well as in practice.

Sounds familiar

Traders tell us this at the first meeting.

“Profit appears and disappears with the exchange rate.”

Monthly revaluation splits trading profit from currency effect, so you know which one you actually earned.

“The import GST schemes terrify my admin team.”

MES and friends are paperwork disciplines. We keep the records the schemes expect so the cash flow benefit never becomes a compliance scare.

“Half my stock is on the water at year end.”

Incoterms decide whose stock it is at cutoff. We apply them properly so the year end numbers survive scrutiny.

What we handle

Multi-currency invoicing and revaluation

Import GST and Major Exporter Scheme accounting

Zero-rating documentation for exports

Letters of credit and trade financing entries

Freight and customs cost allocation

Realised and unrealised exchange reporting

Currency truth every month end

Traders often discover at year end that the profit they thought they made was an exchange illusion. We revalue open positions monthly, split realised from unrealised differences, and keep GST schemes like MES applied correctly so import cash flow is not strangled. When IRAS or your bank asks for numbers, the books already agree with the permits.

Across borders. On the books.

Cross-border trade multiplies every bookkeeping question by currency, geography and customs. The answer is a rhythm built for exactly that.

Monthly revaluationSchemes kept compliantIn-transit stock handled

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Common questions

Can you handle the Major Exporter Scheme?

Yes. We account for MES imports correctly and keep the records that scheme audits expect.

How do you treat exchange differences?

Realised differences hit the profit line and unrealised ones are revalued monthly and disclosed separately, so you see trading profit and currency effect apart.

What documents support zero-rated exports?

Export permits, bills of lading and commercial invoices within the prescribed timeframes. We tell you exactly what to keep per shipment type.

Can you work in multiple currencies?

Yes. Xero and QuickBooks multi-currency are set up properly from day one including bank feeds in foreign currencies.

Do you liaise with our freight forwarders?

Where needed, yes, mainly to get cost documents flowing monthly instead of at year end.

What is TradeNet and do you work with it?

TradeNet is Singapore’s trade permit system. We reconcile permit data and duties against supplier and freight invoices so landed costs are complete.

How is import GST recovered?

Import GST paid at the border is claimable as input tax for registered traders with the right permits kept. Schemes like MES remove the cash outlay for qualifying importers.

Can you handle free trade agreement documentation financially?

We track the duty savings FTA certificates produce and keep the cost records that origin audits may request.

How do you treat goods in transit at year end?

Ownership terms decide whether in-transit stock is yours at the cutoff. We apply the incoterms so year-end stock and payables are right.

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Trade with clean numbers

Tell us your flows and currencies and we will structure the books.