Guide to cash flow & budgeting in Singapore

We explain what cash flow and budgeting mean, what the government expects from you, and how to organise these processes

Guide to cash flow & budgeting in Singapore
Guide to cash flow & budgeting in Singapore

Unhappy with your accounting?
We do it differently!

What is cash flow?

What is cash flow?

Cash flow, simply defined, is the amount of cash or its equivalent that is being transferred in and out of business. A cash flow is positive if a company has more liquid cash coming in rather than going out. It’s a show of company’s robust financial health.

Financial means of any business are distributed across many areas — for example, its assets, outstanding invoices, and investments. Therefore, one of the surest ways to determine a company’s financial performance is checking its cash flow statements.

What are the multicurrency accounting standards?
What are the multicurrency accounting standards?

What is budgeting?

A business budget is the financial plan of the company. As part of an overall business plan, it outlines what the company hopes to achieve in terms of profits that year. It contains detailed and data-backed forecasts of a company’s annual projected sales, profits, revenue, and expenses.

What Is Financial Reporting In Singapore Used For?
What Is Financial Reporting In Singapore Used For?

Why is positive cash flow important?

More cash in hand allows companies to settle their debts, pay shareholders, cover expenses, and invest in business growth. Every business must be diligent about recording and tracking its cash flow. Bills, expenses, invoices, installments, premiums, or incoming payments must all be appropriately tracked. Most companies in Singapore use automated or freelance accounting services to monitor and manage their cash flow.

Plans to fit your business

Our packages are tailored to your business stage and monthly revenue. Customise your package with add-ons to suit your needs as you grow.

What’s your average annual ?

  • Operate

    If you want to nail your first
    year of business and stay compliant

    Price per month, billed annually

    S$48/m

    S$576/y

    Osome Accounting software

    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Expense Management
    • Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
    • Use multiple currencies

    Ecommerce

    • Connect one marketplace

    Bookkeeping

    • Unlimited bookkeeping
    • Automatic reconciliations

    Expert service

    • Annual Management reports
    • In-app chat
    • Payroll and dividends tax advice
    • Dedicated accounting team

    Tax and filings

    • Unaudited Financial Statements (UFS)
    • Annual tax return filling

    Optional add-ons

    • Xero SubscriptionS$600/y
    • Video call with an
      expertS$100/h
    • Personal Income TaxS$150
    • Full XBLR reportS$500
    • Simplified XBRL reportS$300
  • Grow

    For those growing a team and needing payroll and employee services

    Price per month, billed annually

    S$90/m

    S$1,080/y

    Osome Accounting software

    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Expense Management
    • Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
    • Use multiple currencies

    Ecommerce

    • Connect unlimited marketplaces

    Bookkeeping

    • Unlimited bookkeeping
    • Automatic reconciliations

    Expert service

    • Monthly Management reports
    • Video calls with an expert
    • Ad-hoc tax advice
    • In-app chat
    • Payroll and dividends tax advice
    • Dedicated accounting team

    Tax and filings

    • Unaudited Financial Statements (UFS)
    • Annual tax return filling

    Optional add-ons

    • Xero SubscriptionS$600/y
    • GST filingS$1,200/y
    • GST registrationS$300
    • Personal Income TaxS$150
    • Full XBLR reportS$500
    • Simplified XBRL reportS$300
    • Payroll services, per
      employeeS$300/y
    • Employee leave tracking,
      per employeeS$80/y
  • Scale

    For founders wanting a financial co-pilot and strategic accounting support

    Price per month, billed annually

    S$250/m

    S$3,000/y

    Osome Accounting software

    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Expense Management
    • Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
    • Use multiple currencies

    Ecommerce

    • Connect unlimited marketplaces

    Bookkeeping

    • Unlimited bookkeeping
    • Automatic reconciliations

    Expert service

    • Monthly Management reports
    • Video calls with an expert
    • Ad-hoc tax advice
    • Quarterly strategic session
    • In-app chat
    • Payroll and dividends tax advice
    • Dedicated accounting team

    Tax and filings

    • GST filing
    • GST registration
    • Unaudited Financial Statements (UFS)
    • Annual tax return filling

    Optional add-ons

    • Xero SubscriptionS$600/y
    • Personal Income TaxS$150
    • Full XBLR reportS$500
    • Simplified XBRL reportS$300
    • Payroll services, per
      employeeS$300/y
    • Employee leave tracking,
      per employeeS$80/y
  • Operate

    If you want to nail your first
    year of business and stay compliant

    Price per month, billed annually

    S$95/m

    S$1,140/y

    Osome Accounting software

    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Expense Management
    • Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
    • Use multiple currencies

    Ecommerce

    • Connect one marketplace

    Bookkeeping

    • Unlimited bookkeeping
    • Automatic reconciliations

    Expert service

    • Annual Management reports
    • In-app chat
    • Payroll and dividends tax advice
    • Dedicated accounting team

    Tax and filings

    • Unaudited Financial Statements (UFS)
    • Annual tax return filling

    Optional add-ons

    • Xero SubscriptionS$600/y
    • Video call with an
      expertS$100/h
    • Personal Income TaxS$150
    • Full XBLR reportS$500
    • Simplified XBRL reportS$300
  • Grow

    For those growing a team and needing payroll and employee services

    Price per month, billed annually

    S$120/m

    S$1,440/y

    Osome Accounting software

    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Expense Management
    • Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
    • Use multiple currencies

    Ecommerce

    • Connect unlimited marketplaces

    Bookkeeping

    • Unlimited bookkeeping
    • Automatic reconciliations

    Expert service

    • Monthly Management reports
    • Video calls with an expert
    • Ad-hoc tax advice
    • In-app chat
    • Payroll and dividends tax advice
    • Dedicated accounting team

    Tax and filings

    • Unaudited Financial Statements (UFS)
    • Annual tax return filling

    Optional add-ons

    • Xero SubscriptionS$600/y
    • GST filingS$1,200/y
    • GST registrationS$300
    • Personal Income TaxS$150
    • Full XBLR reportS$500
    • Simplified XBRL reportS$300
    • Payroll services, per
      employeeS$300/y
    • Employee leave tracking,
      per employeeS$80/y
  • Scale

    For founders wanting a financial co-pilot and strategic accounting support

    Price per month, billed annually

    S$300/m

    S$3,600/y

    Osome Accounting software

    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Expense Management
    • Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
    • Use multiple currencies

    Ecommerce

    • Connect unlimited marketplaces

    Bookkeeping

    • Unlimited bookkeeping
    • Automatic reconciliations

    Expert service

    • Monthly Management reports
    • Video calls with an expert
    • Ad-hoc tax advice
    • Quarterly strategic session
    • In-app chat
    • Payroll and dividends tax advice
    • Dedicated accounting team

    Tax and filings

    • GST filing
    • GST registration
    • Unaudited Financial Statements (UFS)
    • Annual tax return filling

    Optional add-ons

    • Xero SubscriptionS$600/y
    • Personal Income TaxS$150
    • Full XBLR reportS$500
    • Simplified XBRL reportS$300
    • Payroll services, per
      employeeS$300/y
    • Employee leave tracking,
      per employeeS$80/y
  • Operate

    If you want to nail your first
    year of business and stay compliant

    Price per month, billed annually

    S$140/m

    S$1,680/y

    Osome Accounting software

    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Expense Management
    • Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
    • Use multiple currencies

    Ecommerce

    • Connect one marketplace

    Bookkeeping

    • Unlimited bookkeeping
    • Automatic reconciliations

    Expert service

    • Annual Management reports
    • In-app chat
    • Payroll and dividends tax advice
    • Dedicated accounting team

    Tax and filings

    • Unaudited Financial Statements (UFS)
    • Annual tax return filling

    Optional add-ons

    • Xero SubscriptionS$600/y
    • Video call with an
      expertS$100/h
    • Personal Income TaxS$150
    • Full XBLR reportS$500
    • Simplified XBRL reportS$300
  • Grow

    For those growing a team and needing payroll and employee services

    Price per month, billed annually

    S$183/m

    S$2,196/y

    Osome Accounting software

    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Expense Management
    • Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
    • Use multiple currencies

    Ecommerce

    • Connect unlimited marketplaces

    Bookkeeping

    • Unlimited bookkeeping
    • Automatic reconciliations

    Expert service

    • Monthly Management reports
    • Video calls with an expert
    • Ad-hoc tax advice
    • In-app chat
    • Payroll and dividends tax advice
    • Dedicated accounting team

    Tax and filings

    • Unaudited Financial Statements (UFS)
    • Annual tax return filling

    Optional add-ons

    • Xero SubscriptionS$600/y
    • GST filingS$1,200/y
    • GST registrationS$300
    • Personal Income TaxS$150
    • Full XBLR reportS$500
    • Simplified XBRL reportS$300
    • Payroll services, per
      employeeS$300/y
    • Employee leave tracking,
      per employeeS$80/y
  • Scale

    For founders wanting a financial co-pilot and strategic accounting support

    Price per month, billed annually

    S$390/m

    S$4,680/y

    Osome Accounting software

    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Expense Management
    • Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
    • Use multiple currencies

    Ecommerce

    • Connect unlimited marketplaces

    Bookkeeping

    • Unlimited bookkeeping
    • Automatic reconciliations

    Expert service

    • Monthly Management reports
    • Video calls with an expert
    • Ad-hoc tax advice
    • Quarterly strategic session
    • In-app chat
    • Payroll and dividends tax advice
    • Dedicated accounting team

    Tax and filings

    • GST filing
    • GST registration
    • Unaudited Financial Statements (UFS)
    • Annual tax return filling

    Optional add-ons

    • Xero SubscriptionS$600/y
    • Personal Income TaxS$150
    • Full XBLR reportS$500
    • Simplified XBRL reportS$300
    • Payroll services, per
      employeeS$300/y
    • Employee leave tracking,
      per employeeS$80/y
  • Operate

    If you want to nail your first
    year of business and stay compliant

    Price per month, billed annually

    S$240/m

    S$2,880/y

    Osome Accounting software

    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Expense Management
    • Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
    • Use multiple currencies

    Ecommerce

    • Connect one marketplace

    Bookkeeping

    • Unlimited bookkeeping
    • Automatic reconciliations

    Expert service

    • Annual Management reports
    • In-app chat
    • Payroll and dividends tax advice
    • Dedicated accounting team

    Tax and filings

    • Unaudited Financial Statements (UFS)
    • Annual tax return filling

    Optional add-ons

    • Xero SubscriptionS$600/y
    • Video call with an
      expertS$100/h
    • Personal Income TaxS$150
    • Full XBLR reportS$500
    • Simplified XBRL reportS$300
  • Grow

    For those growing a team and needing payroll and employee services

    Price per month, billed annually

    S$300/m

    S$3,600/y

    Osome Accounting software

    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Expense Management
    • Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
    • Use multiple currencies

    Ecommerce

    • Connect unlimited marketplaces

    Bookkeeping

    • Unlimited bookkeeping
    • Automatic reconciliations

    Expert service

    • Monthly Management reports
    • Video calls with an expert
    • Ad-hoc tax advice
    • In-app chat
    • Payroll and dividends tax advice
    • Dedicated accounting team

    Tax and filings

    • Unaudited Financial Statements (UFS)
    • Annual tax return filling

    Optional add-ons

    • Xero SubscriptionS$600/y
    • GST filingS$1,200/y
    • GST registrationS$300
    • Personal Income TaxS$150
    • Full XBLR reportS$500
    • Simplified XBRL reportS$300
    • Payroll services, per
      employeeS$300/y
    • Employee leave tracking,
      per employeeS$80/y
  • Scale

    For founders wanting a financial co-pilot and strategic accounting support

    Price per month, billed annually

    S$565/m

    S$6,780/y

    Osome Accounting software

    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Expense Management
    • Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
    • Use multiple currencies

    Ecommerce

    • Connect unlimited marketplaces

    Bookkeeping

    • Unlimited bookkeeping
    • Automatic reconciliations

    Expert service

    • Monthly Management reports
    • Video calls with an expert
    • Ad-hoc tax advice
    • Quarterly strategic session
    • In-app chat
    • Payroll and dividends tax advice
    • Dedicated accounting team

    Tax and filings

    • GST filing
    • GST registration
    • Unaudited Financial Statements (UFS)
    • Annual tax return filling

    Optional add-ons

    • Xero SubscriptionS$600/y
    • Personal Income TaxS$150
    • Full XBLR reportS$500
    • Simplified XBRL reportS$300
    • Payroll services, per
      employeeS$300/y
    • Employee leave tracking,
      per employeeS$80/y
  • Operate

    If you want to nail your first
    year of business and stay compliant

    Price per month, billed annually

    S$330/m

    S$3,960/y

    Osome Accounting software

    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Expense Management
    • Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
    • Use multiple currencies

    Ecommerce

    • Connect one marketplace

    Bookkeeping

    • Unlimited bookkeeping
    • Automatic reconciliations

    Expert service

    • Annual Management reports
    • In-app chat
    • Payroll and dividends tax advice
    • Dedicated accounting team

    Tax and filings

    • Unaudited Financial Statements (UFS)
    • Annual tax return filling

    Optional add-ons

    • Xero SubscriptionS$600/y
    • Video call with an
      expertS$100/h
    • Personal Income TaxS$150
    • Full XBLR reportS$500
    • Simplified XBRL reportS$300
  • Grow

    For those growing a team and needing payroll and employee services

    Price per month, billed annually

    S$425/m

    S$5,100/y

    Osome Accounting software

    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Expense Management
    • Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
    • Use multiple currencies

    Ecommerce

    • Connect unlimited marketplaces

    Bookkeeping

    • Unlimited bookkeeping
    • Automatic reconciliations

    Expert service

    • Monthly Management reports
    • Video calls with an expert
    • Ad-hoc tax advice
    • In-app chat
    • Payroll and dividends tax advice
    • Dedicated accounting team

    Tax and filings

    • Unaudited Financial Statements (UFS)
    • Annual tax return filling

    Optional add-ons

    • Xero SubscriptionS$600/y
    • GST filingS$1,200/y
    • GST registrationS$300
    • Personal Income TaxS$150
    • Full XBLR reportS$500
    • Simplified XBRL reportS$300
    • Payroll services, per
      employeeS$300/y
    • Employee leave tracking,
      per employeeS$80/y
  • Scale

    For founders wanting a financial co-pilot and strategic accounting support

    Price per month, billed annually

    S$750/m

    S$9,000/y

    Osome Accounting software

    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Expense Management
    • Real-time financial reports (Profit & Loss, Balance Sheet, Aged Payables, Aged Receivables)
    • Use multiple currencies

    Ecommerce

    • Connect unlimited marketplaces

    Bookkeeping

    • Unlimited bookkeeping
    • Automatic reconciliations

    Expert service

    • Monthly Management reports
    • Video calls with an expert
    • Ad-hoc tax advice
    • Quarterly strategic session
    • In-app chat
    • Payroll and dividends tax advice
    • Dedicated accounting team

    Tax and filings

    • GST filing
    • GST registration
    • Unaudited Financial Statements (UFS)
    • Annual tax return filling

    Optional add-ons

    • Xero SubscriptionS$600/y
    • Personal Income TaxS$150
    • Full XBLR reportS$500
    • Simplified XBRL reportS$300
    • Payroll services, per
      employeeS$300/y
    • Employee leave tracking,
      per employeeS$80/y
  • Beyond S$75k a month

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

    Book a consultation
Affordable Company Secretary Services: How We Do It

What are the budget compliance requirements for Singapore business?

According to ACRA (The Accounting and Corporate Regulatory Authority) in Singapore, the documentary compliance for businesses in the country extends to filing of annual returns and financial statements in XBRL format.

One of the minimum requirements listed for the full XBRL report is the Cash Flow statement. While only selected elements from the cash flow statement are required in Singapore, the document forms an integral part of the business’s overall financial documentations. Even in cases where a cash flow statement is not needed — such as with companies exempt from full XBRL reports — it is a fixed part of every organisation’s internal financial statements along with the income statement and the balance sheet.

Switching your Secretary

Switching your accountant to Osome: it’s seamless!

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 to osome

Trusted by Osome
entrepreneurs around the world

89% of customers recommend
Osome service

15,000+ Osome clients
worldwide

Shopifypart of an ecosystem

Shopifypart of an ecosystem

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.

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

Chat with your Accountant and
access reports on the go on our app

Chat with your Accountant and <br>access reports on the go on our app
  • ACRA registered filing agent
    FA20170653
  • Institute of Singapore Chartered Accountants
    Our accountants are certified by ISCA
  • MOM Employment Agency License
    License No. 22S1231
  • Infocomm Media Development Authority
    Pioneers of Cloud Community Network

FAQ

  • Why should business owners track their cash flow and work with a business budget?

    Budgets and forecasts are an essential tool for running businesses efficiently and expanding it. It is a monetary depiction of an organization's strategy. Using budgeting and forecasting strategies allows business owners and managers to identify the resources needed to meet their goals.

    In fact, an integral and critical part of every business budget is a cash flow forecast that predicts future sales figures, or the likely cash flow into and out of a company’s bank account in a year. It consists of information regarding cash from operations, cash from investments, and cash financing activities.

  • How can I manage my budgeting and cash flow?

    Maintaining cash flow and budgeting information accurately is vital to ensure the smooth running of a business. And it can only be realized if the company invests in excellent bookkeeping practices. For this, you can either outsource your accounting services to freelance accounting and bookkeeping service providers in Singapore or pay for an automated budgeting app for your Singapore office. We do both: provide a software solution and a team of experts backing it up. You can always ask their advice in difficult matters while the platform provides accurate data and daily updates.

  • 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 for any loose ends with HMRC, organise historical data, and then prepare and file 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.

  • How does pricing work?

    Our pricing is revenue based. We don’t charge on the number of transactions in your account or the number of invoices you upload. All prices are based on the financial year, not the calendar one.

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