Glossary of Accountancy Services

Dear VWOs,
To help finetune your search for resources and to provide a better match between the services you require and the interested Pro Bono Accountants (PBAs), we have prepared a list of accounting services that the volunteers would be able to provide. Do take note that the following list is not meant to be exhaustive but provides a good indication on the types of approved services available for request.

PBAs will not be able to provide statutory audit, external audit, personal assistant/secretarial services.

 

1. Cash
  • Assist in the preparation of monthly bank reconciliation
  • Cash collection

 

2. Payroll Processes​
  • Monthly payroll reconciliation
  • Employees claims processing

 

3. Preparation of Financial Statement
  • Cash flow statement
  • Balance Sheet
  • Notes to Financial statements
  • Income Statement

 

​4. Compliance
  • Assist in the drafting of internal policies, manuals, internal controls

 

5. Bookkeeping – Accounts Receivable
  • Prepare and/or maintain audit schedules
  • Data entry
  • Assist in month-end closing

 

6. Bookkeeping – Accounts Payable
  • Prepare and/or maintain audit schedules
  • Data entry
  • Cheque preparation for cash payments
  • Assist in month-end closing

 

7. Tax
  • Assist in GST filing
  • Assist in IRAS filing for corporate or individual donations

 

8. Accounting Training for VWOs​
  • e.g. How to prepare bank reconciliations

 

9. Financial Analysis and Budget
  • Assist in Budgeting
  • Assist in Financial Analysis