+65-6536 0036 +65-6536 0036

Accounting Services Singapore

Accounting Services in Singapore

*All prices exclusive of 7% GST (Goods and Services Tax)

SBS Consulting can assist with your company’s monthly, quarterly, half-yearly, & yearly accounting needs. As a reputed small business accounting service in Singapore, we use lastest software & SFRS compliant practises ensuring your statutory compliance.

Accounting Services in Singapore infographics
 

Why Singapore Companies Need to Appoint Accounting Services?

  • Companies must maintain accounting records
  • Know the financial health of the business with well prepared financial Statements
  • Better control over business’ cash flow with Ageing reports
  • Table readymade financial statements & reports to AGM
  • Timely and accurate Annual Filing
  • Digitised financial data makes auditing easy

 

Accounting Services Offered by SBS Consulting Pte Ltd

Today, even small businesses in Singapore want to outsource their non-core tasks like bookkeeping & accounting. Appointing of experienced accounting services providers enables them to focus on their main business goals like customer satisfaction and business profit.

The following is a list of our accounting services:

  • Account code system setup
  • Account Transactions Recording (including Journal Entry Recording)
  • Monthly, quarterly, half-yearly and yearly accounting
  • Accounts Payable
  • Accounts Receivables
  • Bank Reconciliation
  • Monthly, quarterly, half-yearly and yearly reporting
    • Profit and Loss Account (Statement of Comprehensive Income and Other Comprehensive Income)
    • Balance Sheet (Statement of Financial Position)
    • Statement of Changes in Equity
    • Cash Flow Statement
    • Directors Report /Compilation Report Preparation
    • Accounts Payable Ageing
    • Accounts Receivable Ageing
    • Journal
    • General Ledger
  • Variance analysis for Monthly and Quarterly Clients
  • GST accounting
  • GST Returns- Monthly and Quarterly
  • Multi-currency Accounting
  • Management Reports
  • Income Tax Computation and Filing
  • XBRL preparation and filing

Benefits of Outsourced Accounting Services Singapore

Can accounting save efforts, money, and resources for your small business?

 

Reduce Costs

Outsourcing your business’ accounting needs saves you money. If you were to establish an in-house setup, you would need to pay salaries and Central Provident Fund (CPF). You will also need to invest in infrastructure and dedicate premium office-space for the setup.

 

Effective Use of Time

Business owners, in general, have to multi-task, including business decision-making. Outsourcing unprofitable tasks give them the time to plan, improve strategies, get new customers, face competitors, and grow their business.

 

Reduce Stress

You will need to spend valuable time on searching, interviewing, hiring of accounting staff. It may save your time on sorting through the invoices or getting the financial statements ready for annual filing.

However, you may have to face issues like assessing their performance, incentive, promotion, leaves, & human errors. You can reduce stress by outsourcing the whole activity to a trustable accounting firm. Stop worrying about the timeliness or accuracy of statutory compliance of your small business.

 

Expertise

Accountants, like other professionals, come with varying degree of expertise. Your appointee may not have the overall view of your business’ compliance. Those employed by the accounting services have the industry-wide knowledge can easily simplify your compliance.

 

Stay Stress-Free of ACRA’s Compliance Changes

Accounting services Singapore employs pro-active CPAs. They keep abreast of changes in the rules and regulations related to accounting and financial reporting standards. It means you do not have to worry about the accuracy of your filings.

 

Switching to SBS’s Accounting Serviecs

The directors of the existing Singapore company worry over the timeliness and accuracy of the filings. After all, ACRA holds them responsible for it.

If you are unhappy with your existing provider, switch to another one before it is too late. Go for an experienced and reputed accounting service in Singapore.

It is easy to switch to SBS Consulting’s accounting services:

  • Fill out the Form at the bottom & tell us what you need
  • Call or Email us to discuss your business needs

 

Why Choose SBS Consulting for Your Business’ Accounting

Our CPAs and the accounts managers are well-versed with the Singapore accounting functions. They,

  • Work with you on a one-to-one basis and meet your accounting needs.
  • Review & organise sales orders, purchase orders, or bank statements for the accounts ledger creation & maintenance.
  • Assist in the drafting of financial statements for statutory submissions.

 

SBS’s Accounting Services Fees & Pacakges

SBS Consulting is offering its accounting services to small businesses in Singapore for almost a decade. Our accounting services fees are highly cost-effective, which has earned us hundreds of clients.

SERVICE DESCRIPTION
FEE
TYPE
HELP
For low volume transactionsS$300-S$400*Per MonthContact Us
For medium volume transactionsS$500-S$800*Per MonthContact Us
For high volume transactionsS$800-S$1500*Per MonthContact Us
Accounting services – Yearly basisS$600* upYearlyContact Us
Directors’ report if the company is dormantS$200*Per ReportContact Us
Directors’ report with small and simple structureS$350-S$700*Per ReportContact Us
Directors’ report with medium to complicated structureS$700-S$1500*Per ReportContact Us
For voluntary GST registration for newly start up companiesS$350*One Time FeeContact Us
For compulsory GST registration as per GST regulationsS$300-S$500*One Time FeeContact Us
GST quarterly return for low volume transactionsS$200*Per QuarterContact Us
GST quarterly return for medium volume transactionsS$350*Per QuarterContact Us
GST quarterly return for high volume transactionsS$450*Per QuarterContact Us
For NIL ECI if the company is dormantS$100*Per FilingContact Us
For ECI – low volume transactionsS$200*Per FilingContact Us
For ECI -for medium volume transactionsS$350*Per FilingContact Us
For ECI -for high volume transactionsS$450*Per FilingContact Us
For Form C (depends of volume of transactions)S$300-S$1050*Per FilingContact Us
For Form C-S (depends of volume of transactions)S$300-S$750*Per FilingContact Us
For PIC claimsS$450-S$2000*Per FilingContact Us
For withholding tax filing (each form basis)S$250*Per FilingContact Us
For personal tax filling (depends on type of income and or relief etc)S$500-S$2000*Per FilingContact Us
For one bank account opening assistance in SingaporeS$250*One Time FeeContact Us
Preparation of Annual general meeting and annual return fillingS$300*Per YearContact Us
For XBRL – low volume transactionsS$99*per YearContact Us
For XBRL -for medium volume transactionsS$199*Per YearContact Us
For XBRL -for high volume transactionsS$399*Per YearContact Us
For update ACRA -changes in structure of companyS$50-S$350*One TimeContact Us

*All prices exclusive of 7% GST (Goods and Services Tax)

To contact us, fill the form, call us at +65 6536 0036 or email us at info@sbsgroup.com.sg to know more about our small business accounting services.

*Accounting services I'm interested in:

Financial Statement PreparationAnnual Return FilingDirector's ReportCorporate Tax FilingBookkeeping ServiceGST ServicesXBRL ReportPayroll ServicesComplete Accounting PackageSetting up Accounting SystemAnnual General MeetingAuditing Services






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*All prices exclusive of 7% GST (Goods and Services Tax)

*I am interested in :

Company RegistrationAccounting ServicesTaxation ServicesCorporate SecretarialAuditing ServicesPayroll ServicesBookkeeping ServicesVisas and Passes ServicesXBRL Filing