Auto accounting & balance sheet
Upload your receipts and the balance sheet writes itself. What the business owns, what it owes, and what is left for you. No journal entries, no chart of accounts.
Enough to run the business on, to answer IRAS, and usually enough for a bank or a landlord.3
✓ It adds up. Owns, minus owes, equals the owner’s funds.
Worked out from the same receipts as your P&L. Nothing typed twice.
Tell it what was in the bank and in cash that day, and anything the business owed. It works out the owner’s funds from those numbers.
Bank, cash or your own pocket, on any receipt. Bookings, shop orders and invoices paid in cash already know, so there is nothing to mark.
A loan in, a repayment out, money you put in or took out, cash moved to the bank. It asks what happened in plain words and books it correctly.
It shows what it thinks is in the bank. Type what your bank app says and it tells you how far out it is, which is how a missing receipt gets found.
It answers IRAS. The profit and loss is the one your Form C-S computation is worked out from, with GST split and your tax adjustments kept. You file it; the figures are already assembled.2
It usually answers a bank. A profit and loss and a balance sheet from the same records, signed off by the directors, is what a small business loan application asks for. Take them to the bank as they are.3
It usually answers a landlord. When a new lease asks whether the business can pay the rent, you can show them what it earned and what it owns, today rather than after year end.3
How we compare
Most small businesses see a balance sheet once a year, months after the year it describes. This keeps one current the whole year, from the records you already keep.
Price
The balance sheet comes with the accounting. A paid plan only changes how many receipts you can scan in a month.
The bank goes up by S$10,000, and the company owes the director S$10,000 more. It is not income.
It asks what happened, never which account to debit.
Probably a receipt that has not been uploaded yet, or one paid in cash.
A missing receipt shows up as a difference, not at year end.
Features
Ask for something and it gets built. Every account has a Feedback button that raises a real ticket, read by the person who writes the code. If it would help more than one Singapore business it goes into the module and lands in every account, usually by the next working day.
Need it to work with a tool you already use? Ask the same way. We check that it can be done and tell you straight. You subscribe, by card or PayNow, we build the connection, and you try it on your own account. If we cannot make it work, you get your money back.
Before you sign up, [email protected] reaches the same place.
From a customer
“An entry point for a small start-up, without being overwhelming.”
“Looking for an easy way to manage my small business, I came across Snapbook.AI. This solution has an entry point for a small start-up, not overwhelming, while having more sophisticated features for future scaled-up operations. Had a chance to speak to the founder Kevin and was greatly encouraged that he listens to his clients, big or small, and is always open to see how he can improve the client experience. Snapbook.AI not only provides a solution, but provides the relationship management as if you are a big corporate. Very glad to chance upon this software.”
Shirley Ong · Pangolin Creatives Pte Ltd
Questions
It is enough accounting to run a small business on. You get a real profit and loss, GST worked out and a balance sheet that adds up, all from money actually received and paid. It is not built to replace an accounting package for a business with a finance team, and it does not ask you to learn one.4
For most small businesses, the figures are. The profit and loss feeds the Form C-S page, which works out chargeable income and tax payable with the exemptions applied, and the GST F5 boxes come from the same lines. You still file it yourself, and nothing is submitted for you.2
For a small business, usually yes. A bank wants a profit and loss and a balance sheet from the same records, signed off by the directors, and that is what this produces. In our own businesses, those same two statements, signed off by the directors, have been enough for a S$800,000 property loan and for a lease at S$20,000 a month. Each bank still has its own checklist, so ask yours what it wants to see.3
Usually, yes. A landlord wants to see that the business earns enough to pay the rent and what it owns and owes. This shows both as of today, ready for the directors to sign off.3
No. It asks what happened, in plain words: did you put money in, take some out, borrow, or move cash to the bank. It books both sides for you and shows you a sentence saying what changed before you save.
Pick a start date and tell it what the business had and owed that day. Everything before it stays as it is in your P&L, and the balance sheet runs from there.
No. It comes with the P&L on every account, including the free one. A paid plan changes how many receipts you can scan, not whether you get a balance sheet.1
Ask through the Feedback button. We check whether it can be done and tell you straight. If it can, you subscribe by card or PayNow, we build the connection and you try it. If we cannot make it work, you get your money back.
Upload this month’s receipts, answer a few questions, and you have a balance sheet. Free on every account.