Bookkeeping for Singapore private limited companies — SFRS records, GST F5 workings, and the schedules your corporate secretary and tax agent need for ACRA and IRAS.
Books kept under the Singapore Financial Reporting Standards, or SFRS for Small Entities where the company qualifies for it.
Output and input tax schedules reconciled to the ledger each quarter, with zero-rated and exempt supplies separated for the return.
Supplier bills coded for approval, customer invoices and receipts allocated, and aged listings each month.
Payroll postings and CPF contribution reconciliations, whether payroll runs through you, a bureau or us.
Financial statements prepared in a structure your corporate secretary can file in XBRL with ACRA, rather than reformatting them from scratch.
Schedules and the audit file for exempt private companies and for those that need an audit, with queries answered directly.
We prepare the records, reconciliations and workings behind these. Your local licensed adviser signs and files them.
GST is 9%. Registration is compulsory once taxable turnover passes S$1 million in a calendar year, with voluntary registration available below that. The F5 return is normally quarterly.
The headline rate is 17%. Estimated Chargeable Income is due within three months of the financial year end, and the Form C-S, C-S (Lite) or C follows by the annual deadline.
Partial tax exemption and the start-up tax exemption scheme can cut the effective rate considerably for a young company — but only if the numbers behind the claim are clean.
An annual return to ACRA, with financial statements in XBRL where the company is required to file them. The AGM and filing deadlines are fixed.
Monthly CPF contributions for employees, and the annual IR8A employment income reporting. We reconcile the control accounts to what is submitted.
Small companies meeting the size criteria are exempt from audit, but still have to prepare proper accounts. We prepare them either way.
Rates, thresholds and deadlines above are stated as a general guide and change from time to time. We confirm what applies to your entity on the scoping call, and we work alongside your local licensed adviser on anything that requires formal advice or a filing signature.
Our home ground. As a Zoho Advanced Partner we can implement it, migrate you onto it and then run the books on it — the same team does both.
Both are widely used in Singapore and both suit us. We work inside your existing file, with your corporate secretary retaining their access.
Singapore is GMT+8 against India at GMT+5:30. Our full working day sits inside yours, so same-day turnaround is the norm rather than the exception.
A call to understand the entity, the volumes and your filing deadlines. Scope and fee in writing before anything starts.
Any backlog is cleared period by period and reconciled, with a written note of every adjustment, before we take on the live month.
Books closed on an agreed date, reconciliations attached, reporting pack delivered, and the workings your local adviser needs sent on the same cycle.
No. Those filings are made by your corporate secretary and your tax agent. We prepare the books, the financial statements and the workings they file from, and answer their queries directly.
We prepare the financial statements in the structure ACRA's XBRL requirements expect, so your corporate secretary can file them without rebuilding the numbers. The submission itself stays with them.
We prepare the GST F5 workings each quarter, reconciled to the ledger, with zero-rated and exempt supplies separated out. Your tax agent or a director submits the return through myTax Portal.
SFRS, or SFRS for Small Entities where the company qualifies. We confirm which applies to your entity on the scoping call.
We reconcile CPF contributions and the payroll control accounts monthly, and provide the figures behind the annual IR8A reporting. The CPF submissions themselves are made by whoever runs your payroll.
It may, and it is worth a great deal in the first three years. Whether you qualify depends on your shareholding and activity, which your tax agent will confirm — our job is to make sure the accounts support the claim cleanly.
Small companies meeting the statutory size criteria are exempt, but still need properly prepared accounts. If you do need an audit, we prepare the audit file and deal with the auditor directly.
Singapore is two and a half hours ahead of India, so our entire working day sits inside yours. Queries raised in your morning are usually answered before your afternoon.
It depends on transaction volume, GST registration, headcount and the reporting you need. Send us the contact form for a fixed monthly fee.
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Send us your scope and we will come back with a fixed monthly fee and a start date.