For the business owners, it is essential to know about the financial health of their enterprise. They can do so by regularly updating their books of accounts. The task is a part of the compliance responsibilities mandated by ACRA. Outsourcing it to one of the expert accounting services is a vital decision for the small businesses.

Following is a brief overview of the accounting services Singapore we provide. Accounting Singapore is gaining popularity with the growing demand for incorporation in the country. At the same time, one must understand that the market trend is in favor of appointing private firms offering topnotch services of exceptional standards.

  • Singapore Accounting Software Assistance
  • Singapore Professional Accounting Service
  • Recording Full Set of Account Transactions
  • Preparation of Cash flow Statements
  • Singapore Group Consolidation
  • Singapore Bank and Other Accounts Reconciliation
  • Accounts Payable (AP)
  • Financial Statements Preparation
  • Directors Report /Compilation Report Preparation
  • Compilation of Accounts

Benefits of Outsourced Accounting Services Singapore

  • Outsourcing Saves Time: A business can choose to appoint offline or online Singapore accounting service. Outsourcing the task, a business owner can save ample time that would otherwise go in sorting through the files to find invoices and getting the financial statements ready.
  • Outsourcing Saves You Money: If you establish an in-house setup, you will need to pay staff salaries and even contribute to Central Provident Fund (CPF). You will also need to deal with the human resources related issues. After outsourcing the task, you do not need worry about employees taking medical leave and you can even save on the performance bonus.
  • Outsourcing gets you services of competent Accountants: Surely, you realize that the process of hiring and firing employees or dealing with their resignations is a painful task. The process brings about a headache to employers, and likely to take a long time (sometimes even months) before you could find a suitable candidate for the vacant position. In the event that someone leaves your firm, you will suffer from the interruption of work and workflow.
Yearly TranscationsRemarksAnnual FeesGST Reviewing Fee
< 50 transactionsIncludes:
- Bookkeeping
- Compilation of Unaudited Annual Statements
- Tax: Filing of Estimated Chargeable Income (ECI)
- Tax: Form C/C-S
- Management Accounts: Annually
- 300/yr additional if client's account has multi currency
800300.00
51 - 75 transactions1150425.00
76 - 100 transactions1200500.00
101 - 125 transactions1350520.00
126 - 150 transactions1450585.00
151 - 200 transactions1750720.00
201 - 250 transactions2100740.00
251 - 300 transactions2300840.00
Additional charges for 301 transactions and above (for every 20 transactions)10025.00
Transaction VolumeMonthlyFeesGST Preparation & Filing Fee
< 10 transactionsIncludes:
- Bookkeeping
- Compilation of Unaudited Annual Statements
- Tax: Filing of Estimated Chargeable Income (ECI)
- Tax: Form C/C-S
- Management Accounts: Monthly
- Access to Accounting Software (Xero)
- 150/mth additional if client's account has multi currency
(free for client with 76 txn & above)
15035.00
11 - 30 transactions25070.00
31 - 75 transactions400105.00
76 - 125 transactions550125.00
126 - 200 transactions700165.00
201 - 300 transactions900215.00
Additional charges for 301 transactions and above, every 20 transactions10015.00
Unaudited Report + TaxPreparation of unaudited report & tax only900Additional S$20 for every adjustment Adjustment apply to accounting error (balance sheet does not balance, no depreciation etc.)
Unaudited Report OnlyPreparation of unaudited report only550Additional S$20 for every adjustment Adjustment apply to accounting error (balance sheet not balance, no depreciation etc.)
GST Registration400
Audit LiaisonIn compliance with Singapore Financial Reporting Standards600
XBRL HighlightIf you have negative equity300
Full XBRLIf you have 21 - 50 individual shareholders or a corporate shareholder700