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Accounting services for Singapore SMEs
Monthly bookkeeping, management reports, statutory financial statements and tax filings prepared by qualified accountants and reviewed before every submission.
What is included
A complete finance function on a fixed monthly fee
Monthly bookkeeping
Transactions coded, bank accounts reconciled and receipts captured in Xero or QuickBooks.
Management accounts
Profit and loss, balance sheet and cash-flow reporting each month with commentary.
Statutory financial statements
Unaudited financial statements prepared under Singapore Financial Reporting Standards, including SFRS for Small Entities where eligible.
Corporate tax and GST
ECI, Form C-S or C, and quarterly GST returns prepared and filed with IRAS.
XBRL conversion
Financial statements converted to XBRL for the ACRA annual return where required.
Audit coordination
Liaison with auditors for companies that do not qualify for the small company audit exemption.
Pricing
Accounting from S$200 per month
Sample fee for low-volume companies. Plans scale with transaction volume and add GST, payroll and CFO reporting as you grow.
Need only year-end accounts?
Annual compilation of financial statements and tax filing for dormant or low-activity companies.
Process
How the engagement works
01
Scoping call
Transaction volume, systems, GST status and reporting needs reviewed.
02
Setup and migration
Chart of accounts, bank feeds and opening balances configured or migrated.
03
Monthly close
Books closed and management accounts delivered by an agreed date each month.
04
Year end and filings
Financial statements, ECI, Form C-S or C, XBRL and annual return coordinated with your secretary.
FAQ
Frequently asked questions
Private companies qualify for audit exemption as a small company if they meet two of three criteria for the past two financial years: revenue not more than S$10 million, total assets not more than S$10 million, and not more than 50 employees.
Xero and QuickBooks Online. We can work in your existing subscription or set one up for you.
Companies must keep accounting records for at least five years, which is also IRAS’s record-keeping requirement.
Singapore Financial Reporting Standards. Smaller companies may adopt SFRS for Small Entities if they meet the size criteria.
Yes. We reconcile opening balances and complete the year from the handover date.
Related services
Build your finance stack
Bookkeeping
Transaction processing and reconciliations only.
Corporate tax
ECI and Form C-S or C filing.
CFO services
Budgets, forecasts and board reporting.
Ready to get started?
Tell us about your company and we will send a fixed quote within one business day.
