Accounting and financial reporting for Singapore companies
Cloud bookkeeping, a monthly close, board-ready reporting, year-end financial statements, XBRL and group consolidation, reviewed by people who know what auditors and boards will ask.
What's included
Monthly bookkeepingXero or QuickBooks, bank feeds, receipt capture, payables and receivables, reconciliations.
Monthly close and reportingProfit and loss, balance sheet, cash flow and a one-page commentary for your board.
Financial statementsUnder Singapore FRS or SFRS(I), with the framework chosen deliberately for your group.
XBRL and annual filingFull or simplified XBRL prepared and filed with the annual return.
ConsolidationGroup accounts where required, and the intermediate holding exemption claimed where it applies.
Intercompany and multi-currencyIntercompany balances agreed monthly, FX revaluations, group reporting packs.
Audit supportLead schedules, reconciliations and responses to auditor queries.
Controls for thin teamsMaker-checker payments, approval flows and a quarterly access review.
What you receive, and when
| Systems set-up and chart of accounts | Month 1 |
| Monthly management pack | Within 15 working days of month end |
| Year-end financial statements | Within 2 to 3 months of year end |
| XBRL filing | With the annual return |
| Group reporting pack for your parent | On your group timetable |
What we need from you
- Access to bank feeds and your accounting system (or we set one up)
- Supplier bills and receipts as they arrive
- A named approver for payments and journals
- Your group reporting timetable, if part of a group
How it works
A fixed monthly fee based on transaction volume, currencies and entities. Year-end statements, XBRL and consolidation are included in the annual scope or quoted upfront.
Who it's for
Questions clients ask
Which accounting software do you use?
Xero or QuickBooks by default. If you are on another system, we work in it or plan a clean migration.
Do we need an audit?
Only if the company or its group fails the small company test. We check it for you each year.
Do we have to prepare consolidated accounts?
A parent usually must. An intermediate holding company may be exempt if a higher parent publishes qualifying accounts. Your reporting framework decides whether that works.
Can our group's shared service centre keep doing the processing?
Yes. We can review and own the Singapore close while your team processes, with records kept as the Companies Act requires.
Know before you start
When must a Singapore holding company consolidate? The intermediate holding exemption
A Singapore company with subsidiaries must usually prepare group accounts. An intermediate holding company may be exempt, but the framework you report under decides whether an Indian parent's accounts count.
4 min readAccounting, audit & reportingDoes my company need an audit?
The small company test, the group rule that catches most subsidiaries of Indian groups, and the ACRA review that may change the thresholds.
3 min readFinance operations & controlsRunning a Singapore company with a thin team: what to automate, and what never to
A small Singapore entity can run on a few hours a week if the plumbing is right. Automate the routine, keep a human on approvals and judgment, and write the controls down.
3 min readOther services
Tell us what you need.
We reply with what applies to you and a fixed-fee proposal.