Accountants
that care, think, and deliver
Online accounting services, automated bookkeeping, and proactive tax support for busy entrepreneurs
Platinum Partner
Unhappy with your accounting?
We do it differently
We take over the paperwork routine, show today’s numbers, send reminders, and give active advice. All our prices are transparent, so no extra charges out of the blue.
I want to try
You get a personal accountant
A Chartered Accountant assigned to your company will track filing deadlines, suggest tax exemptions, and prepare reports
You see how much money you have
We collect data from your different banks and show today’s joint balance and its daily trend
You see actual list of all unpaid invoices
We show daily updates on the invoices you need to pay, the ones due to you, and their totals
Here’s how Osome accounting works
Uploading invoices is easy
Snap a phone picture, drag and drop a file from your desktop, or forward an email with docs attached.
We organise docs ourselves
We go through docs and transactions, match them, tag accounts, and report what’s missing. Everyday.
You can always get help and advice
We answer fast online, even late at night and on weekends — when you have a minute to talk about accounting.
You see books that are always up-to-date
We reconcile daily, so you can see the real state of affairs today, not at the end of the month.
We reconcile transactions within 24 hours
We update transactions’ data daily, so anything sold or bought today goes straight into the reports tomorrow.
Choose the plan that works for you
Our accounting packages come as they are, no extra charges — simple and straightforward. If you pay upfront for the whole year, two months are free.
Starter
S$100 /m if billed annually S$120 if billed monthly
- 40 transactions a month
- Quarterly Management Report by Chartered Accountants
- Daily Bookkeeping
- Xero subscription
- Unaudited Financial Statements
- ECI & Corporate Tax Return (Form C-S)
- Multicurrency Accounting for additional S$25/m
Booming
S$150 /m if billed annually S$180 if billed monthly
- 80 transactions a month
- Monthly Management Report by Chartered Accountants
- Daily Bookkeeping
- Xero subscription
- Unaudited Financial Statements
- ECI & Corporate Tax Return (Form C-S)
- Multicurrency Accounting for additional S$25/m
Rocking
S$300 /m if billed annually S$360 if billed monthly
- 160 transactions a month
- Monthly Management Report by Chartered Accountants
- Daily Bookkeeping
- Xero subscription
- Unaudited Financial Statements
- ECI & Corporate Tax Return (Form C-S)
- Multicurrency Accounting for additional S$25/m
Unicorn
S$500 /m if billed annually S$600 if billed monthly
- 320 transactions a month
- Monthly Management Report by Chartered Accountants
- Daily Bookkeeping
- Xero subscription
- Unaudited Financial Statements
- ECI & Corporate Tax Return (Form C-S)
- Multicurrency Accounting
Your financial data protected
We set up a direct connection with Xero and your bank to exchange your data securely. All your documents will always be in one place protected with bank-level encryption
Additional things you may need:
One-off services upon your request
Multicurrency Accounting
S$25 a month
When your company deals with multiple currencies
Consolidation only
S$1,000
Covers the parent company + 1 subsidiary. Add subsidiaries, associates or joint ventures at S$300 each.
Bookkeeping only
fromS$100 a month
Includes daily bookkeeping in Xero, books ready for your accountant, and online support
Dormant Accounting
S$300
Includes Unaudited Report and tax filing
Payroll
S$25 per person per month
We issue payslips, calulate basic salary, overtime, and bonus, prepare and file statutory contributions: CPF, SDL, FWL, etc.
XBRL Highlight
S$200
Only required for companies with negative equity or insolvent
Full XBRL
fromS$500
Mainly required for companies being audited, or companies with corporate shareholders, regardless of equity being positive or negative
Tax Filing Only
S$500
We file and submit the tax computation you have. Does not include the correction of errors.
Certificate of Residency (COR)
S$150
COR confirms residency status, it allows to reduce the withholding tax based on double tax treaties when dealing with overseas companies
Form C
S$600
Preparation and filing
See Osome in action — schedule a free demo
Book a free demo89% Customers
recomend us
3,300+ Clients all over
the world
4.3/5 Rate us on
facebook
Osome is reasonably priced and very convenient. I ended up signing my documents while I was on the metro!
Randeep Sudan
Multivertz 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
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
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
freelancerThey 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
DW4DAYS Pte. Ltd.
Q&A
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 daily 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 e-mail to our experts — we’ll take care of the rest.
What do I have to report to the Accounting and Corporate Regulatory Authority (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. It connects to your bank and Xero,a bookkeeping platform. 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.
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 one transaction?
A transaction is any deposit into or withdrawal from the bank. This is assuming all payments and receipts are done through the company’s bank. An example can be payment to suppliers, salary payments, expenses reimbursement or customer transfer. Bank fees and charges will not be considered a transaction. Our accounting services prices are based on how many transactions your business has.
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.
