Running a business in Singapore comes with exciting opportunities — but also the responsibility of keeping your financial records accurate, compliant, and ready for decision-making. At CompanyAccountingServices.sg, we provide professional Singapore accounting services to help businesses stay on top of their finances, meet statutory requirements, and make better business decisions with confidence.
Whether you are a start-up, SME, or a growing enterprise, we are here to take the stress out of accounting so you can focus on what matters most — running and growing your business.
Why Accounting Services Are Essential for Singapore Businesses
In Singapore’s competitive business environment, proper accounting is more than just a legal obligation — it is a foundation for sustainable growth. By engaging a qualified accounting firm, you can:
- Ensure compliance with Singapore Financial Reporting Standards (SFRS) and regulatory requirements set by ACRA and IRAS.
- Gain clarity over your company’s financial health through accurate reports.
- Save time by outsourcing time-consuming bookkeeping and reporting tasks.
- Make informed decisions backed by reliable financial data.
- Avoid penalties for late or incorrect submissions.
Our accounting services are designed to cover all these needs while delivering personal, reliable, and responsive support.
Our Comprehensive Singapore Accounting Services
We offer a full range of accounting services tailored to the needs of businesses in Singapore. Whether you require monthly, quarterly, or annual support, we can customise a service package that suits your budget and operational requirements.
1. Bookkeeping and Transaction Recording
Accurate bookkeeping is the backbone of every successful business. Our bookkeeping services ensure all your daily transactions — sales, purchases, payments, receipts — are recorded properly and categorised according to accounting standards.
We handle:
- General ledger maintenance
- Accounts receivable and payable tracking
- Bank reconciliations
- Petty cash recording
- Expense classification
By keeping your books up to date, you can make timely financial decisions and avoid last-minute stress during reporting periods.
2. Financial Statement Preparation
Every year, Singapore companies are required to prepare financial statements in accordance with SFRS. We prepare these statements accurately and in a format that meets statutory requirements, including:
- Statement of Comprehensive Income (Profit & Loss)
- Statement of Financial Position (Balance Sheet)
- Statement of Changes in Equity
- Cash Flow Statement
- Notes to the Accounts
These reports are essential for compliance, as well as for presenting to stakeholders, investors, and financial institutions.
3. Management Reporting
For businesses that want deeper insights, we provide customised management reports on a monthly or quarterly basis. These reports can include:
- Budget vs actual performance
- Profit margin analysis
- Expense trend analysis
- Cash flow forecasts
With these reports, you can monitor business performance, identify trends, and make informed strategic decisions.
4. XBRL Financial Statements Filing
Companies required to file their financial statements with ACRA often need them in XBRL (eXtensible Business Reporting Language) format. Our team prepares and files your XBRL-compliant statements to ensure smooth submission.
5. GST Preparation and Filing
If your business is GST-registered, you need to submit GST returns accurately and on time. We assist with:
- GST computation
- Preparation of Form F5
- Ensuring compliance with IRAS guidelines
- Advising on input tax claims and output tax obligations
6. Payroll and CPF Administration
While payroll may not be strictly accounting, it is closely tied to your financial processes. We help you manage:
- Monthly payroll processing
- CPF contributions and submissions
- IR8A and IR21 forms for employee tax reporting
- Compliance with MOM and IRAS requirements
7. Corporate Tax Computation Support
Our accounting services are often bundled with tax computation to ensure you are fully prepared for tax filing. We calculate your chargeable income, prepare tax schedules, and coordinate with our tax advisory team to ensure compliance and efficiency.
Who We Serve
We work with a wide range of businesses in Singapore, including:
- Start-ups who want to focus on growth without getting bogged down by accounting tasks.
- Small and medium enterprises (SMEs) that need reliable monthly or quarterly accounting support.
- Growing companies that require more advanced management reporting.
- Foreign-owned companies seeking a local accounting partner to meet Singapore compliance standards.
Our flexibility allows us to adapt to your business size, industry, and operational needs.
Why Choose CompanyAccountingServices.sg
Choosing the right accounting firm can make all the difference. Here’s why our clients trust us with their financials:
- Over 40 Years of Experience – As a second-generation family business, we have decades of expertise in Singapore’s accounting and compliance requirements.
- Personalised Service – We take the time to understand your business, so our advice is practical and relevant.
- Qualified Professionals – Our accountants are trained, experienced, and stay updated with the latest regulations.
- Transparent Pricing – No hidden fees. You will always know exactly what you are paying for.
- Technology-Driven Solutions – We use modern accounting software for efficiency, accuracy, and secure data handling.
- Full-Service Support – Beyond accounting, we can assist with tax, corporate secretarial, and business advisory needs.
Our Process: How We Work With You
We make it simple for you to get started:
- Consultation – We discuss your business, needs, and goals to recommend the right service package.
- Onboarding – We gather necessary documents, set up your accounting system, and establish processes for data collection.
- Ongoing Support – We handle your accounting tasks according to your agreed schedule.
- Reporting & Review – We provide clear, concise reports and review them with you to ensure understanding and action.
- Compliance & Filing – We take care of your statutory deadlines so you can have peace of mind.
Benefits of Outsourcing Your Accounting to Us
- Save Time – Focus on growing your business instead of doing accounting tasks yourself.
- Reduce Costs – Hiring an in-house accountant can be expensive. Outsourcing is often more cost-effective.
- Stay Compliant – Avoid penalties and maintain good standing with ACRA and IRAS.
- Access Expertise – Tap into our knowledge and experience across industries.
- Scalable Support – Our services grow with your business.
Frequently Asked Questions (FAQs)
1. How much do your accounting services cost?
Our fees depend on the volume of transactions, complexity of your accounts, and reporting frequency. Contact us for a customised quote.
2. Do you work with companies that have overdue accounts?
Yes, we can help you catch up on backdated accounting and bring your records up to date.
3. Can you work with my existing accounting software?
Yes, we work with various accounting platforms such as Xero, QuickBooks, MYOB, and others.
4. How often should I update my accounts?
We recommend monthly updates for accurate decision-making, but we can also provide quarterly or annual services.
Take the First Step Towards Stress-Free Accounting
Your time is valuable — let us take care of your accounting so you can focus on running your business. Whether you need basic bookkeeping, full financial reporting, or complete outsourced accounting, CompanyAccountingServices.sg is your trusted partner.
Contact us today to discuss your accounting needs.
📞 Call Us: +65 9863 8665
📧 Email: Tommyksh@shkoh.com.sg
📍 Address: 7500A Beach Road, The Plaza, #09-324, Singapore 199591
We look forward to working with you and helping your business succeed.