Outsourced bookkeeping is a service where a team of professionals handles the financial record-keeping and accounting tasks for a business. This allows the business owner to focus on other aspects of the business, such as operations and growth.

An outsourced bookkeeper typically handles tasks such as invoicing, tracking expenses, reconciling bank statements, and preparing financial reports. They may also assist with payroll, tax preparation, and other financial tasks as needed.

Outsourced bookkeeping typically involves the business owner providing the bookkeeping team with access to financial documents, such as receipts and invoices. The bookkeeping team then organizes and enters this information into the business's accounting system, providing regular updates and reports as needed.

Outsourced bookkeeping can provide a number of benefits to a business, including cost savings, increased efficiency, and access to specialized expertise. It can also free up time for the business owner to focus on other aspects of the business.

As a company registered in Singapore, you will need to comply with various ongoing requirements, such as filing annual returns and financial statements, holding annual general meetings, and maintaining accurate records of the company's activities. You will also need to renew any licenses or permits required for your business, and comply with tax laws and regulations.

When selecting an outsourced bookkeeping service, it's important to consider factors such as the service's pricing, experience and specialization, and the level of support and communication offered. It's also a good idea to read reviews and ask for references to get a sense of the service's quality and reliability.