Accounting Services in Singapore by Professionals

  • Dedicated accountant available daily
  • Automated admin saves us to 8 hours a week
  • Certified management accounting
  • No-sweat tax and bookkeeping
Accounting Services in Singapore by Professionals
Accounting Services in Singapore by Professionals

Dedicated Accountants backed by smart tech

All the routine documents are processed automatically and double-checked by bookkeepers. Your Accountant answers, advises and cares about your business.
Now we’re talking.

Your one accounting person
I’m one click away from answering your question. Anytime Vlad, 11:21

Your one accounting person

Meet your Chartered Accountant, who’ll be your point of contact, advisor, and the one in charge. He’ll track filing deadlines, suggest tax exemptions, and highlight issues in the reports.

All your paperwork, already within the system
All your paperwork, already within the system

All your paperwork, already within the system

We automated everything you’re doing manually – uploading bank statements, invoices, bills, expenses. We process them within minutes and return reports and tax filings.

Tax without the anxiety

Tax without the anxiety

We calculate taxes, ensure you get reliefs and exemptions, advise on the schemes, follow up on the deadlines, even for sales outside Singapore.

What you need to know about accounting in Singapore

Here are some details on the official requirements in Singapore. Need help? Get in touch with one of our Certified Accountants.

  • Filing deadlines

    Filing deadlines

    Financial Year End (FYE)

    It’s a basic deadline for filing your reports. You can choose any date.

    Estimated Chargeable Income (ECI)

    You file taxable income minus all tax-allowable expenses 3 months after the FYE.

    C-S/C, the Annual Tax Returns

    You report your taxes following these standards a year after the FYE.

    To learn more, download our checklist. It explains the filing requirements and penalties for missing deadlines.

  • Sample reports

    Sample reports

    Here are the most common reports we assist our clients with. Feel free to use them to get an idea of what is expected from your business. Do note that these are just samples, so make sure you check if there are any new regulations or specific requirements for your industry.

    Download the sample of Management Report Download the sample of Tax Report Download the sample of Unaudited Financial Statements
  • Key tax rates

    Key tax rates

    We list the taxes you have and don’t have to pay below and explain exemptions in the checklist.

    Corporate tax — 17% and lower

    For SME eligible for SUTE or PTE exemptions.

    Tax on dividends and on capital gains — Nil

    As Singapore has a one-tier tax system.

    GST — 0%

    If your turnover is below S$1M.

    GST — 7%

    If your turnover is above S$1M or expected to grow to that level.

Accounting plans that match
the size of your business

You don’t measure your business by the number of transactions, so neither do we. Our accounting packages are tied to your revenues. Pick a monthly plan to receive regular financials, or an end-of-the-year catch-up accounting to submit neat reports. All our packages come as they are, no extra charges — simple and straightforward.

What’s your average monthly ?

  • Mini

    Monthly revenue under S$5k

    Price per month, billed annually

    S$600/y

    S$50/m

    annual support

    • Personal Accountant & Bookkeeper
    • Osome software
    • Annual bookkeeping
    • Annual management reports

    govt & tax filings

    • Unaudited Financial Statements
    • Estimated Chargeable Income
    • Corporate Tax Return

    nominee compliance + S$200

    • Annual compliance review for the Nominee Director service
  • Starter

    Monthly revenue under S$10k

    Price per month, billed annually

    S$1,200/y

    S$100/m

    daily support

    • Personal Accountant & Bookkeeper
    • Osome software
    • Bookkeeping
    • Quarterly management reports

    govt & tax filings

    • Unaudited Financial Statements
    • Estimated Chargeable Income
    • Corporate Tax Return

    e-commerce solutions

    • Free integration with one sales platform: Lazada, Amazon, Shopify or others
    • Platform fees separated & converted into accounting data
    • Tax rates assigned for each item and each country of sales

    Want to pay monthly?

    S$120/m

  • Booming

    Monthly revenue under S$25k

    Price per month, billed annually

    S$1,800/y

    S$150/m

    daily support

    • Personal Accountant & Bookkeeper
    • Osome software
    • Bookkeeping
    • Monthly management reports

    govt & tax filings

    • Unaudited Financial Statements
    • Estimated Chargeable Income
    • Corporate Tax Return

    e-commerce solutions

    • Free integration with one sales platform: Lazada, Amazon, Shopify or others
    • Platform fees separated & converted into accounting data
    • Tax rates assigned for each item and each country of sales

    Want to pay monthly?

    S$180/m

  • Rocking

    Monthly revenue under S$50k

    Price per month, billed annually

    S$3,000/y

    S$250/m

    daily support

    • Personal Accountant & Bookkeeper
    • Osome software
    • Bookkeeping
    • Monthly management reports

    govt & tax filings

    • Unaudited Financial Statements
    • Estimated Chargeable Income
    • Corporate Tax Return

    e-commerce solutions

    • Free integration with one sales platform: Lazada, Amazon, Shopify or others
    • Platform fees separated & converted into accounting data
    • Tax rates assigned for each item and each country of sales

    Want to pay monthly?

    S$300/m

  • Unicorn

    Monthly revenue under S$100k

    Price per month, billed annually

    S$4,200/y

    S$350/m

    daily support

    • Personal Accountant & Bookkeeper
    • Osome software
    • Bookkeeping
    • Monthly management reports
    • Multicurrency Accounting

    govt & tax filings

    • Unaudited Financial Statements
    • Estimated Chargeable Income
    • Corporate Tax Return

    e-commerce solutions

    • Free integration with one sales platform: Lazada, Amazon, Shopify or others
    • Platform fees separated & converted into accounting data
    • Tax rates assigned for each item and each country of sales

    Want to pay monthly?

    S$420/m

  • Beyond
    S$100k a month

    We have a perfect offer for your business, and we are ready to discuss it with you

    Get a custom offer

Need more?

Additional services you may need

Accounting and bookkeeping services in Singapore for all types of businesses

Accounting and bookkeeping services in Singapore for all types of businesses

Need an accountant for your LTD company? Running a small business? Whether you are a sole trader, a non-Singapore company, or a large corporation, you can rely on us for full-service online accounting support.

Perhaps, you aren’t registered and considering an accountant for company registration? Thousands of clients trust Osome for services from online bookkeeping and accounting to e-commerce support and company formation.

We work with clients in different industry sectors, and they trust us because we know the unique problems they face in their business.

Switching your Accountant

Switching your
Accountant

For you the transition is seamless. We get in touch with your Secretary, take over the documents, and sign their resignation. Even if they don’t respond, we will carry out the procedure without them.

Switch accountant

Business accounting services in Singapore we provide

Government & Tax filing
Government & Tax filing

Government & Tax filing

We prepare and file a company’s Estimated Chargeable Income and Tax Returns with the government.

Daily support
Daily support

Daily support

A dedicated accountant knows your business and answers quickly during business hours in a chat. We watch the deadlines, report what’s missing, and take care of your filings on time.

Annual support
Annual support

Annual support

If your needs only require annual checkups and filings, you don't need to pay daily support. Our Mini plan offers a dedicated accountant who manages your annual bookkeeping and reports all in one app.

E-commerce solutions
E-commerce solutions

E-commerce solutions

We’re e-commerce natives:

  • Automated reconciliation with top marketplaces
  • End-to-end taxes in all of your countries of sales
  • Optimised for Shopify, Lazada, Shopee, and more
  • Real-time analytics

Read more about Osome Accounting Services

  • Multicurrency Accounting

    Multicurrency accounting records transactions in foreign currencies, adds them to financial statements and tax returns

  • GST Registration

    You need to register for GST in Singapore if your company’s turnover is over S$1 million a year

  • XBRL

    XBRL or Extensible Business Reporting Language is a standardised format for financial reporting

  • Cash Flow & Budgeting

    You need to check a company’s cash flow statements to determine its financial performance

  • Financial Reporting

    Financial reporting helps understand the financial standing of a company and the value of a company

We know how to do accounting and optimise tax for your business

Every industry has its perks and complications regarding bookkeeping and accounting. We advise what tax exemptions and tax reliefs your company is entitled to, and we organise your reports exactly the way needed to comply.

  • Software Industry

    Accounting for Software Industry

    The economic rise of Singapore relied heavily on hi-tech products. Over the last 40 years, the country has become a world-renowned technology hub. This atmosphere fosters great ideas.

  • Retail Industry

    Accounting for Retail Industry

    Offline shops have been in relative decline but Singaporeans aren’t buying less, they just buy online. Out of 5.6 million of Singapore’s population, 3.12 million shop online and 998,000 more users will be doing it by 2021.

  • Real Estate Industry

    Accounting for Real Estate Industry

    Singapore economy attracts businesses and employees from around the world, so there is a high demand for both residential and commercial estate.

  • Manufacture Industry

    Accounting for Manufacture Industry

    Singapore is the 4th largest global exporter of high tech products, with manufacturing contributing about 20% to the GDP. Key industry clusters include electronics, chemicals, biomedical sciences, logistics and transport engineering.

  • Insurance Industry

    Accounting for Insurance Industry

    Singapore is the largest banking and financial network in Southeast Asia. The life insurance market increased by 0.4% in 2019. With financial technology being developed, insurance companies can expand their direct life, general reinsurance, and captive insurance services.

  • Hospitality Industry

    Accounting for Hospitality Industry

    Domestic tourism is giving a boost to the hospitality industry as locals look for a holiday. The Singapore government has also launched a S$45 million marketing push to help the tourism industry cope with the impact of the pandemic.

  • Healthcare Industry

    Accounting for Healthcare Industry

    The aging population and emerging medical tourism drive healthcare demand in Singapore. New entrants may gain a considerable market share.

  • Financial Industry

    Accounting for Financial Industry

    Fintech sector is one of the fastest growing industries. Due to the high concentration of financial institutions, the Singapore market welcomes cryptocurrency, blockchain, and mobile banking projects.

  • Entertainment Industry

    Accounting for Entertainment Industry

    Singapore’s digital entertainment landscape is growing rapidly. Startups focus on content delivery with more than 7,000 media companies have set up in Singapore.

  • Education Industry

    Accounting for Education Industry

    Education is valued in Singapore: 54% of parents say they’d get into debt to fund their children’s studies. Also, the whole region craves online education services, which chimes with global trends.

  • E-commerce Industry

    Accounting for E-commerce Industry

    Singapore’s e-commerce market revenue is expected to grow at 11.2% per year reaching US$5.086 billion by 2021. As locals practice social distance during the pandemic, more are turning to online shopping to avoid crowds.

  • Construction Industry

    Accounting for Construction Industry

    Over the next three years, total construction demand is expected to be between $27 billion and $32 billion. The public sector is on the rise but there are a lot of private projects to join, too.

  • Travel Industry

    Accounting for Travel Industry

    In 2017, 17.4 million international tourists visited Singapore. That’s three times more than the entire population of the city-state. All these travelers are craving high-quality services.

  • Recruitment Industry

    Accounting for Recruitment Industry

    Singapore has a buoyant employment market. Companies turn to HR agencies to find suitable candidates both inside the country and overseas.

  • Shipping Industry

    Accounting for Shipping Industry

    Singapore is connected to more than 600 ports in over 120 countries. This makes a perfect location for the headquarters of a logistics company.

  • Publishing Industry

    Accounting for Publishing Industry

    Singaporeans are a nation of prolific readers. The city-state has one of the highest rates of literacy in the world.

  • Food Industry

    Accounting for Food Industry

    Singaporeans are known for their passionate love for food. National cuisines of other countries are always of high demand: in Singapore, there have been 39 Michelin-starred restaurants since 2018.

Trusted by entrepreneurs worldwide

89% of customers recommend us

9,500+ clients worldwide

Shopifypart of an ecosystem

Shopifypart of an ecosystem

I've moved not just one business to Osome, but a number. If you’re a small business it’s the place to be — you’ll save time and sleep.

Tingsager Michael

Tingsager Michael Tingsager Consulting Pte. Ltd.

Osome is a fantastic partner for the complex accounting needs of our venture-backed corporate structure. Extra credit for helping us with fundraising transactions!

Ajay Gopalakrishnan

Ajay Gopalakrishnan Digital Services Sg Six Pte. Ltd.

Osome is reasonably priced and very convenient. I ended up signing my documents while I was on the metro!

Randeep Sudan

Randeep Sudan Multivertz Pte. Ltd.

Osome uncovered many issues that went unnoticed by our accountant. Amazing Osome staff now optimises our tax.

Stanislav Karpenko

Stanislav Karpenko GIVE VISION Pte. Ltd.

Everything was so seamless, it even looked like a fraud 😀 I didn’t have to go anywhere, I just use the web and mobile app to sign the docs.

Ivan Zeljkovic

Ivan Zeljkovic Evans Media Pte. Ltd.

I’m actually surprised they kept all their promises! I found Osome on Friday and on Monday morning everything was ready.

John Lim

John Lim Artac Pte. Ltd.

Many accountants I reached out to either never responded or charged extortionate amounts of money. I joined Osome and I'm incredibly happy I did.

Pawel Wargan

Pawel Wargan freelancer

They use the Osome app to gently nudge me to send in paperwork, and they provide me with regular updates and reminders regarding finances and filing deadlines.

Dave Wallace

Dave Wallace DW4DAYS Pte. Ltd.

  • E27
  • Entrepreneur
  • foundr
  • sgsme.sg
  • Tech in Asia
  • Vulcan post

4.8 out of 28 reviews

  • ACRA registered filing agent
    FA20170653
  • Institute of Singapore Chartered Accountants
    Our accountants are certified by ISCA
  • MOM Employment Agency License
    License No. 19S9930
  • Infocomm Media Development Authority
    Pioneers of Cloud Community Network

Q&A

  • How does accounting work?

    Accounting tracks all your business activities and assets. Any time you spend, lose or make money, your bookkeeper adds it to the books. Your accountant then builds reports using these numbers. The government requests these reports to calculate how much tax you owe and whether you are exempted from some of it.

  • Why is accounting important?

    First of all, you have an obligation to report your accounts to the government: that’s how your tax is calculated. Second, accounting is crucial for internal planning and management. Mistakes could be costly: the government punishes wrong reports with fines. Not to mention, you probably base your evaluations and plans on the same numbers. So, making sure your accounting is accurate is crucial.

  • What are the accounting standards in Singapore?

    Singapore has its own system called Singapore Financial Reporting Standards (SFRS). It’s similar to IFRS and it’s accrual-based accounting. Which means transactions are recognised when they take place and not when the money is paid. Outsourced accounting services in Singapore must comply with SFRS requirements.

  • What is XBRL?

    XBRL is the open international standard for digital business reporting, used around the world and it replaces older, paper-based reports with more useful, effective and accurate digital versions.

  • Can I switch from another accounting firm to Osome?

    Absolutely. We make the transition seamless on your end. We’ll get in touch directly with your current accounting service provider, take over all your financial documents, and audit them to make sure your company is compliant. We check necessary reports. We offer up ongoing advice about relevant tax exemptions, helping you be smarter with your taxes. Now that your accounting is in good hands, you can focus on what you do best: running your business.

  • What accounting services do you have for small businesses?

    We help small businesses in Singapore with all necessary accounting services. We prepare financial statements, ECI tax reports, XBRL (full and highlights) and handle bookkeeping. We can apply for GST registration and submit regular reports for GST-registered companies. If your case is special, let us know and our specialists will be happy to help with accounting for your company.

  • In what form should I submit my data?

    Osome is an online accounting company. Send us your records in whichever format you have them. Drop your files in our app, store them in a cloud or email to our experts — we’ll take care of the rest.

  • What do I have to report to the Inland Revenue Authority of Singapore (IRAS)?

    All companies are required to submit two corporate income tax returns annually — Estimated Chargeable Income (ECI) within three months from financial year end and Corporate Income Tax Return (Form C/C-S) by 30th November or 15th December if via e-filing. Unless qualifying conditions are met for ECI waiver or company has been granted Waiver of Income Tax Return Submission by IRAS.

  • How does your accounting software work?

    We have developed our own software. We recognise invoices and receipts, reconcile them with transactions, and update your documents and outstanding bank balance daily. We support single and multiple currencies, show actual list of all unpaid invoices and report to you if anything document is missing.

  • How is income assessed to tax?

    Tax is assessed on income earned in the preceding financial year. For example, a tax return for the Year of Assessment (YA) 2019 would be to declare the income earned during the financial year 2018. This tax return is to be submitted by 30th Nov 2019 / e-filed by 15th Dec 2019.

  • What is the price of accounting services?

    There are several types of accounting services in Singapore. Some of the common ones are tax preparation and consultation, along with tracking expenses and revenues. Apart from this, recordkeeping services include billing, taxes, bank reconciliations, general ledger and payroll records. Some bookkeepers also generate financial statements for review.

    For those seeking cheap accounting services in Singapore, you can use the below figures as a benchmark:

    • Company incorporation services cost about SGD850, per annum, at a minimum
    • Accounting and bookkeeping costs around SGD600 per annum
    • For corporate secretary services, the average minimum fee is SGD350
    • Corporate taxation services typically start at SGD400 per annum
    • Payroll services cost roughly SGD15 per employee
  • How to outsource accounting services in Singapore?

    When it comes to outsourcing, you need to look for an accounting services provider in Singapore. They usually offer accounts receivables and payables management, bookkeeping, financial statements and reporting, controller services, financial planning and analysis, cost accounting, forensic accounting and tax reporting and filing.

    What’s more, small business entrepreneurs or new foreign investors may require specific accounting services in Singapore. These include GST computation and conversion of financial statements to XBRL (extensible business language) format. Also, generally, most companies incorporated in Singapore and branches of foreign companies (apart from exempt companies) are mandated to prepare annual financial accounts and company financial reports according to the Singapore Financial Reporting Standards (SFRS). And if you are not up-to-date with these regulations, you will need to opt for outsourced services.

    Since the year 2011, the Accounting and Corporate Regulatory Authority (ACRA) has established the Financial Reporting Surveillance Programme (FRSP). With this, a selected pool of your company’s financial statements is reviewed to determine if they comply with the SFRS. It is important to note that Singapore is moving towards adopting the International Financial Reporting Standards (IFRS). Accordingly, the preparation of the financial accounts in XBRL format is challenging for those unfamiliar with filing. In this case, it is best to consult a qualified professional from an experienced accounting firm.

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