There are many corporate firms that provide accounting services in Singapore. In the past, it may be common for businesses to hire in-house accountants to manage the business’s accounting and finance. However, things have changed since then. Nowadays, many businesses, especially SMEs, prefer to outsource the business’s financial aspect to professionals.

Types of accounting services a Singapore company may need include:

• bookkeeping services • payroll
• financial statement compilation and annual return • taxation
• GST preparation, submission and reporting • auditing services

Bookkeeping Services in Singapore

All Singapore companies are required by law to maintain accounting records. Many professional accounting firms that offer outsourced bookkeeping services charged in a monthly, quarterly, half-yearly or yearly basis. The price varies depending on the nature of the business and the amount of financial documents generated. Good bookkeeping can not only facilitates day-to-day account maintenance and drafting of financial statement for the submission of annual returns, but also provides insight for better business decision making and financial management.

Here is the list of the Top 10 professional firms that offer accounting and bookkeeping services in Singapore.

1. Timcole

Timcole Pte Ltd is a one stop solution for all your business needs. Their services include accounting, secretarial, incorporation, business set up, and many more.

With a team of certified accountants, they can easily provide you with reliable accounting and bookkeeping services that meet the regulations set by the Singapore Financial Reporting Standards (SFRS). Depending on the nature of your business, your accounting plan can be customized to best suit your needs, so that you are only paying for what you need.

Timcole is a professional secretarial and accounting firm in Singapore. Their core value is to provide fast, effective, and proven solutions to all of their clients, With years of experience in the field, they will be able to provide full suite of corporate advisory solutions and accounting services to SMEs across various industries, including F&B, Retail, Logistics, Construction & Engineering, Ecommerce, and more.

  • Company Incorporation
  • Company Secretarial
  • Bookkeeping & Account
  • Business/LLP Set-Up
  • Company Strike-Off
  • Entrepreneur Pass
  • Work Permit
  • S Pass
  • Employment Pass
  • Dependant’s Pass / Letter of Consent
Monthly Bookkeeping From $ 188/ month
Yearly Bookkeeping From $388/ month
Annual Compliance Package From $1288/ annum

Address:
111 North Bridge Road #24-02,
Peninsula Plaza, Singapore 179098

Telephone:
+65 6631 9892
+65 9882 2773

Email:
enquiry@timcole.com.sg

Office Hours:
9am – 6pm

“Signed up with their basic Xero package and after 80% PSG government subsidy, I only need to pay $300plus. The setting up of Xero was fast and the half day training provided was very useful. The trainer Kim was very friendly and helpful. Highly recommend to engage them for secretarial and accounting services. Thumbs up!” – Kalina Wong

“I just engaged timcole for new company set up, like their customer service, fast and efficiency. They also gave me some suggestion to save extra cost. Will contiue to use them for next few years.” – HY

Thanks for helping to get PSG grant for my accounting solution. Many thanks to the trainer as well.” – Shihning Lim

Read more reviews here.

2. ZE Global Accountants & Advisors

They offer comprehensive accounting, bookkeeping, and tax consultancy services in Singapore to startups, SMEs. and MNCs who are searching for professional accounting firms and tax advisors to delegate accounting and tax function. They have a team of qualified accountants and tax advisors that will help you keep proper accounting records and books in compliance with Singapore Companies Act and IRAS requirements.Ze Global specializes in accounting, corporate secretarial and compliance, consultancy and advisory on tax planning, corporate strategy, audit, and assurance with global reach

  • Accounting Services
  • Compilation of Unaudited Financial Statement
  • Preparation of XBRL
  • Audit Assurance
  • Tax Services
Monthly Bookkeeping From $ 100 – $670
Yearly Bookkeeping From $250  – $1,100

3. Singapore Corporate Services

Singapore Corporate Services is a local CPA firm with regional exposure and practical experience in providing solutions to SMEs, Startup and business owners on accounting and tax-related matters. We are an owner-managed practice ourselves; We understand the challenges faced by business owners. Hence, our values are set to be your extended team, helping you to keep your books the right way, stay compliant and most importantly, competitive!

We are a Xero Certified Advisor, QuickBooks Certified Advisor and Financio Certified Advisor. Our team members comprise of qualified accountants with professional membership from ISCA (Singapore), MIA (Malaysia), CPA Australia, ACCA, ICAEW and HKICPA (Hong Kong).

  • Monthly, Quarterly or Yearly Accounting and Bookkeeping Services
  • Company Secretarial Services
  • Corporate and Personal Tax compliance
  • Monthly Accounting and Bookkeeping
    • Starter Pack (1 Page of Bank Statement per month) – From S$150 Per Month
    • Standard Pack (2-3 Pages of Bank Statement per month) – From S$300 Per Month
    • Premium Pack (More than 3 pages of Bank Statement per month) – From S$500 Per Month
  • Special Promo Compliance Pack – S$1,000 Per Year
  • Annual Company Secretary – From S$800 per year
  • Corporate Tax Compliance – From S$600 per year
  • Personal Tax Compliance – From S$400 per year

4. Accounting Solutions

Accounting Solutions is a Singapore Accounting Firm that offers comprehensive business solutions with quality work. Founded in 2010, Accounting Solutions specializes in providing accounting, expertise, and back office solutions to small businesses to foreign-owned business in Singapore. Furthermore, they have a professional accounting team that has many years of compliance experiences who are within your easy access to assist you to run your business efficiently.

  • AGM & Annual Return to ACRA
  • Appoint Company Secretary
  • Annual Compilation of Accounts
  • Bookkeeping (Monthly/Quarterly)
  • Company Tax (ECI & Final Tax)
  • GST (Registration & Reporting)
  • Nominee Director
  • Payroll Service
  • Personal Tax
  • Registered Business Address
  • Strike Off Company
  • XBRL Conversion

Yearly Accounting – from S$500 per annum
Monthly Accounting – from S$300 per month
Monthly Payroll Processing – from S$20 per employee
Company Tax – from S$500 per filing
Personal Tax – from S$200 per filing
Quarterly GST Reporting – from S$150 per quarter
Incorporation – from S$850 per entity
Appoint Company Secretary – from S$600 per annum
Appoint Nominee Director – from S$200 per month
Registered Office Address – from S$20 per month
XBRL Conversion & filing – from S$600 per filing

5. Ace Global Accountants

Ace Global Accountants  are a network of professionals committed to helping clients achieve success by providing personalized attention that addresses their needs. Well-known for being dedicated to timeliness, thoroughness and accuracy in our works, they pride themselves to be the leading one-stop Corporate Service Provider in Singapore. Their aim is to provide the best fuss-free services in town at a competitive rate, and to ensure all their clients are serviced in the best way possible. Their purpose is to ensure all our clients can rely on us for a smooth transition into the corporate world and entrust us to meet all statutory requirements and regulations with no worries.

In addition, they also have an established network of legal professionals, experts and consultants who can advise you on any corporate problems that you may have. As they are affiliated with a reputable law firm, they are also able to support commercial litigation.

  • Full range of accounting services for SMEs
  • Tax services for SMEs
  • Company Registration
  • Company Strike-Off
  • Due Diligence
  • Market Valutation
  • Merger and Acquisition
  • Company Secretary Services
  • Internal And External Auditing
  • Offshore Company Registration
  • Application of Work Pass
  • Trademark and Patent Registration
  • Corporate and Personal Tax Planning
  • Registration and Filling
Monthly Bookkeeping Data Entry From $100 per month
Accounting Services in Compliance with FRS From $400 to $1000 per annum
Tax Assessment From $280 per annum
GST Registration From $380 (one off)
Quarterly GST Calculation and Submission From $280 per annum

6. U Ventures

U Ventures was founded in 2010, consisting of a team of young entrepreneurial professionals. With about ten years of experience, they aim to provide quality services in the areas of accounting, corporate secretarial services, as well as tax and business advisory. As they are entrepreneurs themselves, they blend their understanding of business as well as their understanding of the accounting and compliance frameworks in Singapore. Similarly, they strive to create an environment to help SMEs thrive by levering in technology.

In summary, if you work with U Ventures, you can focus on what truly drives you and they will provide you with the support needed for you to scale and soar.

  • Incorporation
  • Accounting Services
  • Taxation
  • Training
  • Corporate Secretarial Services
  • Audit & Assurance
Annual Statutory Accounts Asking
Quarterly Management Account Asking
Monthly Management Accounts Asking

7. JM Management & Accounting Pte Ltd

Companies often outsource bookkeeping, accounting, payroll, corporate secretary, corporate tax, and other finance related job. JM Management is one of the professional firms in Singapore which assist and design the four – in – one:  Bookkeeping, accounting, unaudited financial statement, and taxation package for newly set up or existing companies.

  • Company Incorporation
  • Accounting and Bookkeeping
  • Secretarial
  • Taxation
  • Payroll
  • Virtual Office Address
  • Work Pass Application
  • Employment Pass
Weekly Bookkeeping Asking
Monthly Bookkeeping Asking

8. YOSS Services

YOSS Services is your one-stop service provider to offer a comprehensive range of services which include company incorporation, corporate services, bookkeeping and accounting, payroll, Goods and Services Tax (GST) and taxation services for both individuals and small to medium-sized private limited companies in Singapore.

We have established partnership with audit firms to provide you with the most comprehensive business solutions that help to achieve your business goals.

  • Accounting
  • Taxation
  • Goods and Services Tax
  • Payroll Services
  • Corporate Services
  • CorpPass Registration and Authorisation
Starter (40 transaction per month) $100
Booming (80 transaction per month) $200
Rocking (160 transaction per month) $350

9. RIKVIN

Rikvin Pte Ltd is considered one of the finest company registration specialist. That is to say the company takes pride in their accounting and bookkeeping services that meets the requirements of ACRA and IRAS. In addition, a dedicated accounts manager will work closely with you to meet your business’ accounting needs. He will then review and organize all financial reports to maintain your ledger in timely manner. Lastly, they will help you draft the financial statements report and discuss with you any statutory issues that will arise.

  • Singapore Company Registration Services
  • Compliance Services
  • Accounting
  • Taxation
  • Immigration
  • Business Advisory
  • Risk Assurance
  • Corporate Recovery

10. Quality Accountants Pte Ltd

Quality Accountants Pte Ltd deliver their quality work with pride. They have designed bookkeeping services from small to medium scale businesses. Also, they provide consultation and assistance to their clients to manage other forms of business obstacles. Most importantly, this company have maintained a great record of building relationship with their esteem client base with their company bookkeeping. In short, they keep your accounts updated and you can access your accounts in real- time basis so you don’t have to worry.

  • Accounting and Bookkeeping
  • Incorporation
  • Registered/ Mailing Address
  • Corporate Secretarial
  • Taxation
  • Advisory Services for Public Accountants
  • Nominee Director
Monthly Basis Asking
Quarterly Basis Asking
Semi – Annual Basis Asking
Annual Basis Asking

FAQs

There are several basic to advanced levels of accounting services provided by professional accounting firms:

  1. Bookkeeping
  2. Payroll services
  3. Financial statement preparation
  4. Bank Reconciliation
  5. Tax accounting
  6. Accounts Payable
  7. Accounts Receivable
  8. Audits
  9. Forensic accounting
  10. Chartered accounting
  11. Cost accounting
  12. Risk Management

Small businesses need accounting services that would help them attain financial stability while they concentrate on their business goals. Some of these services include:

  1. Bookkeeping
  2. Payroll processing
  3. Bank & Credit card reconciliation
  4. Taxation
  5. Financial statements preparation
  6. Accounting Advisory

The main focus of any business is to provide quality goods and services to its customers. While they are busy achieving their business goals there are a lot of important tasks like managing their accounts that take a backseat. Outsourcing their accounting makes sure:

  • Businesses dedicate all their precious time to meet their business objectives, R&D and improve their business operations
  • Reduce fixed costs on hiring full-time employees for accounting and expensive accounting software.
  • Accounts are handled by experienced experts who are aware of all the latest Singapore accounting and financial reporting requirements.
  • Very little scope for errors as the accounts are handled by qualified accountants
  • Get expert advice to make important and strategic business decisions.
Comments