Professional Outsourced Accounting Services in Singapore
Accounting is more than just a regulatory necessity; it’s the financial backbone of your business. Understanding accounting and its critical role in decision-making is paramount for any business owner. As an outsourced accounting service provider in Singapore, we demystify these processes, offering clarity and insight into accounting.
Why is Accounting Necessary?
Accounting services in Singapore are essential for several reasons:
- Ensure Compliance with Legal and Regulatory Requirements: In Singapore, business accounting and financial reporting are subject to strict regulations. The Singapore Financial Reporting Standards (FRS) require firms to prepare financial statements that are compliant with these standards and maintain correct accounting records. A professional accounting service may help ensure your firm complies with these regulatory requirements.
- Provide Insights into Financial Health: Having accurate financial information aids in better decision-making. Professional accounting services can ensure the accuracy and reliability of your company’s financial statements, giving you the confidence to make decisions based on the provided information.
- Enhance Operational Efficiency and Profitability: Employing a professional accounting service provider can help your company save time and money by outsourcing accounting tasks. This will allow you to concentrate on core business activities while the service provider handles day-to-day accounting tasks.
Professional Accounting for Small Businesses
OneStop Professional is a renowned and dependable accounting firm, offering affordable accounting services for small businesses (SMEs) in Singapore since 2011. Our team comprises chartered accountants and certified public accountants dedicated to providing high-quality financial services tailored to the unique needs of small businesses. We understand the challenges faced by SMEs and strive to offer cost-effective solutions that are designed to help your business grow and thrive.
In addition to our comprehensive accounting services, we also provide payroll outsourcing services and corporate secretarial services in Singapore, ensuring that all your financial and administrative needs are met under one roof.
Accounting Services Offered
Our range of accounting services is designed to cover various aspects of financial management and compliance, including:
- 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
Our Accounting Packages
Our professional accounting services are tailored to your business needs and monthly revenue. The fees are as follows:
- Dormant Company: S$200
- Semi-Active: S$400 onwards
- Active: S$600 onwards
Customise your package to suit your business needs:
| Services Included | Starter S$600 | Standard S$980 | Premier S$3,100 |
|---|---|---|---|
| ACRA Fee for Name Application & Company Incorporation (S$315) | ✅ | ✅ | ✅ |
| Company Business Profile and Constitution (Including Memorandum and Articles of Association) | ✅ | ✅ | ✅ |
| First Board of Director Meeting | ✅ | ✅ | ✅ |
| One Round Company Stamp (Self-Inking) | ✅ | ✅ | |
| Email reminder for statutory deadlines | ✅ | ✅ | |
| 12 months company secretary services | ✅ | ✅ | |
| ND Services For 12 Months | ✅ | ||
| 12 months registered address services | ✅ |
*Prices may vary based on transaction complexity and the specific needs of your business. Monthly, quarterly, semi-annual, and annual packages are available for greater flexibility. Please click here for more information on our packages or to view additional pricing and services.
Hear from Our Satisfied Clients
As Featured On
Our services and expertise have been recognised and featured in various renowned publications, including:
Outsourced Accounting FAQs
Outsourced Accounting FAQs
The complexity and size of your company's needs will determine the qualities you should seek in an outsourced accounting service provider in Singapore. For instance, if you own a small business and only require assistance with tax filing, a reliable Certified Public Accountant (CPA) recommended by friends and family should suffice. However, do verify if they possess the required certifications and licences.
On the other hand, if you run a larger business and require something more advanced, consider outsourcing to an accounting firm. Evaluate the firm's service offering, experience and expertise, and accounting tools.
Outsourcing your business’ accounting can be a smart move, as you may benefit from:
- Increased focus on core business activities: Outsourcing accounting services in Singapore allows companies to concentrate more on their core business operations, which leads to enhanced productivity and profitability as it frees up their time and resources.
- Experience and expertise: Professional accounting service providers possess the required experience and knowledge to efficiently and effectively manage accounting tasks, enabling companies, including small businesses, to benefit from their specialised knowledge.
- Access to advanced technology: Accounting service providers usually have access to the latest accounting software and technology, which can enhance overall productivity, accuracy, and efficiency.
At OneStop, we cater to our client's specific needs without binding them to long-term contracts. Our accounting services are tailored to provide you with the support you need for as long as you need it, ensuring a partnership that grows with your business. Whether it's a short-term project or an ongoing financial management requirement, our service model is designed to be accommodating, ensuring that you receive the support you need without the constraints of rigid contractual terms.
We prioritise safeguarding your financial information with the utmost seriousness. Our security measures are comprehensive, employing robust encryption and secure protocols to protect your data. Beyond technical measures, our team of professionals is trained in best practices for data privacy, ensuring that your financial details remain confidential and secure at all times.
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