Accounting Services in Singapore for SMEs & Growing Companies

Every company registered in Singapore must keep proper accounting records, prepare financial statements each year, and file taxes with the Inland Revenue Authority of Singapore (IRAS). That's a legal requirement under the Companies Act, and it applies whether you had a busy year or barely traded.

What the law expects from your company

• Accounting records kept up to date and retained for at least five years.
• Year-end financial statements: for most SMEs, unaudited financial statements (UFS).
• Corporate tax filings: Estimated Chargeable Income (ECI) after year end and an annual tax return by 30 November.
• For some companies, financial statements filed with the Accounting and Corporate Regulatory Authority (ACRA) in XBRL format.

Bookkeeping vs full accounting services

Bookkeeping is the recording work: capturing and reconciling every transaction so your ledger reflects reality. Accounting builds on those books to produce management accounts, financial statements, and tax computations. Our packages combine both, while the Essential Compliance package covers just the statutory layer for companies that keep books elsewhere.

The first thing we do at onboarding isn't bookkeeping. It's setting up the way we'll work together: the channel you prefer (a WhatsApp group, Slack, or a dedicated email address you can forward things to), who sends what, and when the books get closed. Then we automate what happens behind it. Take a photo of a receipt over lunch and ping it to us; from there the document is processed and coded automatically and lands cleanly in your Xero.

We also build your chart of accounts around how you think about the business, not around a template. That's agreed with you at onboarding, so the full management accounts you get back answer your questions rather than an accountant's.

And we implement Xero properly. A surprising number of companies come to us with a setup that quietly fights them: the wrong financial year end, the wrong functional currency, conversion balances that don't match, GST recorded by a company that isn't GST-registered. Fixing that is part of onboarding.

Two things move the price of accounting in Singapore: how many transactions flow through your books, and how often you want them closed.

Transaction volume is the first. Every invoice, payment, and journal entry has to be recorded and reconciled. Our packages include a yearly allowance, from 50 transactions on Starter to 1,200 on Premium, and extra transactions are added in blocks of 25 at the rates shown above, so growth never triggers a surprise invoice. Doing more than a hundred transactions a month? We'll build a custom package around your volume.

Closing frequency is the second. Annual closing satisfies the statutory minimum, but it means you see a clear financial picture once a year. Quarterly closing (Standard) gives you four checkpoints; monthly closing (Premium) means you always know where you stand. On Basic you can add quarterly or monthly closings without changing package.

Compare the full breakdown on our pricing page. Every fee we charge is published there.

A full-time accountant in Singapore costs several thousand dollars a month before Central Provident Fund (CPF) contributions and benefits. That makes sense once your volume justifies it, and it's hard to justify for most SMEs. Outsourcing gets you a whole team, the software, and the statutory filings for a fixed yearly fee, usually a fraction of one month of that salary.

There's a second advantage: this is what we do for a living. The setup, the processes, and the outputs you get have been built and sharpened across hundreds of clients, which no single in-house hire starts with. Our prices are published on this website with government-fee treatment spelled out, and you get a named accountant you can reach on WhatsApp, who answers in plain English rather than accounting jargon. If you're switching from another provider, our switching guide covers the handover step by step, and catch-up bookkeeping brings messy books current before we start.