Industries
Retail stores, e-commerce sellers, clinics and chain-store groups share one accounting reality: money arrives daily, through many channels, with fees netted off before it reaches the bank. We rebuild the full picture so your margins are real and your GST is right.
A sale on a marketplace is not revenue in your bank: commissions, promotions, shipping subsidies and payment fees come off first. We reconcile gross sales to net payouts for each platform, Shopee, Lazada, Amazon, your own webstore, so you can see which channel actually earns. Physical stores add daily takings, card settlements and cash floats, each with its own reconciliation rhythm. GST sits across all of it, and platform fee treatment is one of the most common errors we correct when books arrive from elsewhere.
Medical and dental clinics juggle corporate panels, insurance schemes, CHAS and government subvention alongside private billing. Each revenue stream settles differently and on a different lag. We structure the books so every scheme reconciles to its statement, drug and consumables stock is costed, and the practice sees profitability per doctor or per chair where partners want it.
Growth by outlet multiplies everything: leases, payrolls, POS systems and often one company per location. We deliver outlet-level P&L so weak stores are visible early, handle the inter-company charges between HQ and outlets, and consolidate the group when the structure calls for it.
Not sure where to start?
Tell us where your books stand. An expert accountant replies within one working day.
Yes. Platforms net off fees before paying you; we rebuild the gross picture per channel so margins and GST are correct. This is daily work for us across Shopee, Lazada, Amazon and delivery apps.
Daily sales reports reconcile to banking-in and float counts on a fixed rhythm, so discrepancies surface in days rather than at year end.
Yes. Panel schemes, insurance and CHAS claims each settle differently. We structure the books so every revenue stream reconciles to its statement.
Outlet-level reporting is our standard format for multi-location clients, with a consolidated group view on top.
Once taxable turnover exceeds S$1 million registration is compulsory, and marketplace sales count. We monitor the threshold and handle registration before it becomes a problem.
Any that export data, and most modern systems integrate directly with Xero or QuickBooks. We set up the feed as part of onboarding.
A 30-minute chat, no obligations. We reply within one working day.
Accounting, corporate secretarial, payroll and advisory for Singapore SMEs since 2012.
Get in touch
Ian & Son refers to the Ian & Son network and/or one or more of its member firms, each of which is a separate legal entity. Contact us to learn more.
