Accounting services in Singapore include bookkeeping, financial statement preparation, corporate tax filing with IRAS, and ongoing financial management. These services ensure your business stays compliant while giving you complete visibility over your financial performance.
If your accounting is not structured properly, you don’t just risk penalties—you lose control over your business.
This page explains exactly what accounting services in Singapore include, pricing, and how to choose the right accounting firm in Singapore.
What Are Accounting Services in Singapore?
Accounting services in Singapore typically include:
- Bookkeeping and transaction recording
- Financial statement preparation
- Corporate tax filing with IRAS
- GST reporting and compliance
- Financial reporting and advisory
These services ensure your company maintains accurate records, files taxes correctly, and makes informed financial decisions.
What’s Included in Accounting Services in Singapore?
When you engage OnDemand International, your accounting is fully managed end-to-end:
1. Bookkeeping & Financial Management
- Monthly recording of all transactions
- Bank reconciliation — every entry verified
- Accounts payable & receivable tracking
- Invoice and receipt management
- Multi-currency accounting support
- Real-time access to financial data
2. Financial Statements Preparation
- Profit & Loss Statement
- Balance Sheet
- Cash Flow Statement
- Directors’ Report
- Notes to accounts
- Unaudited financial statements
3. Tax Filing & Optimisation (IRAS)
- Estimated Chargeable Income (ECI) filing
- Corporate tax filing (Form C-S / Form C)
- Tax computation and optimisation
- Application of startup and partial tax exemptions
4. GST Support (If Applicable)
- GST registration guidance
- Quarterly GST return filing
- Input tax tracking and optimisation
5. Ongoing Financial Advisory
- Dedicated accountant for your company
- Monthly management reports
- Financial insights and performance tracking
- Coordination with auditors (if required)
How much does accounting services cost in Singapore?
The cost of accounting services in Singapore typically starts from SGD 250 per month for small or early-stage companies.
However, pricing depends on your business complexity, transaction volume, and reporting requirements.
Typical Pricing Structure
- SGD 250–500/month
Suitable for startups and low-transaction companies
(bookkeeping, financial statements, tax filing)
- SGD 500–1,200/month
Suitable for growing businesses
(includes GST filing, monthly reporting, higher volume)
- Custom Pricing
For businesses with:
- Multi-currency transactions
- Group structures
- High transaction volumes
- Advanced reporting requirements
In-House vs Outsourced Accounting
| Factor | In-House Accountant | Outsourced (OnDemand) |
|---|---|---|
| Cost | S$4,000–S$8,000/month | From S$250/month |
| Expertise | Depends on hire | Dedicated specialists |
| Scalability | Limited | Flexible |
| Risk | Single point failure | Full team coverage |
| Software | Additional cost | Included |
For most startups and foreign-owned companies, outsourcing is more efficient, scalable, and cost-effective.
Why OnDemand International?
- Serving 5,000+ companies globally
- Dedicated accountant per client
- Specialists in Singapore accounting and tax
- Fully remote and paperless process
- Integrated with company secretary, payroll, and compliance
Conclusion
Accounting is not just about maintaining records—it is about having complete financial clarity, making informed decisions, and ensuring your business runs without disruptions.
With the right accounting partner, you eliminate compliance risks, improve financial visibility, and build a strong foundation for growth.
If you are looking for reliable, scalable, and professionally managed accounting services in Singapore, our team at OnDemand International is ready to assist.
Get in touch with our experts today and receive a tailored accounting solution for your business
FAQs
Do I need accounting services if my company has no revenue?
Yes. In Singapore, even dormant or pre-revenue companies are required to maintain proper books of accounts and prepare financial statements. The scope is simpler, but accounting is still mandatory.
What is included in accounting services in Singapore?
Accounting services typically include bookkeeping, preparation of financial statements, corporate tax filing with IRAS, GST reporting (if applicable), and ongoing financial reporting to help you understand your business performance.
How much do accounting services cost in Singapore?
Accounting services generally start from SGD 250 per month for small businesses. The cost increases depending on transaction volume, GST requirements, and the level of reporting or advisory support needed.