Why Tallycent exists
Self-employed professionals in Singapore run demanding practices and portfolios. Expense tracking and GST compliance are rarely the reason they got into business, and they are usually the first thing pushed to the end of the week.
The problem
Many self-employed high-net-worth individuals track expenses across a mix of personal and business cards, physical receipts, and email confirmations. At quarter-end, this has to be reassembled by hand into a GST return, often with a bookkeeper or accountant piecing it together after the fact.
The risk is not just wasted time. Missing or miscategorised receipts, incorrect input tax claims, and gaps in the audit trail can all lead to costly corrections, or scrutiny, when IRAS asks questions.
Our approach
Tallycent is built around the moment an expense happens, not the moment a return is due. Receipts are captured and read as they come in, categorised for GST treatment immediately, and kept on record for the full statutory retention period.
The result is a running, always-current picture of your expenses and GST position, so filing is a matter of review and export, not reconstruction.
Who Tallycent is for
Tallycent is designed for self-employed professionals and high-net-worth individuals in Singapore who are GST-registered, or approaching the registration threshold, and who want their expense records to be accurate and defensible without hiring a full-time bookkeeper.
What we focus on
- Accurate, receipt-backed expense records
- Correct GST categorisation at the point of entry
- A complete audit trail that holds up under review
- Reports that map directly to what a GST return requires