Cash flow & budgeting in Singapore
Cash flow & budgeting in Singapore
Cash flow & budgeting in Singapore

Cash flow & budgeting in Singapore

We help Singapore businesses understand how cash flow and budgeting works, and organise these processes with our outsourced accounting

Learn what it takes
  • ACRA registered filing agentFA20170653
  • Xero Platinum PartnerXero
    Platinum Partner
  • Institute of Singapore Chartered AccountantsOur accountants are certified by ISCA
  • MOM Employment Agency LicenseLicense No. 19S9930
  • Infocomm Media Development AuthorityPioneers of Cloud Community Network
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 the 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. One of the surest ways to determine a company’s financial performance is checking its cash flow statements.

What is Budgeting?

What is Budgeting?

A business budget is the financial plan of the company. It is an adjunct to the overall business plan which lays out, in numbers, what the company hopes to achieve that year in terms of money. It contains detailed and data-backed forecasts of annual projected sales, profits, revenue, and expenses of a company.

Unhappy with your budgeting?
We show today’s numbers

We take over the paperwork routine, show real numbers, send reminders, and give active advice. All our prices are transparent, so no extra charges out of the blue.

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You get a personal accountant

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

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

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

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, you get 20% off.

Starter

S$100 /m if billed annually S$120 if billed monthly

  • 20 transactions a month
  • 40 receipts 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$200 /m if billed annually S$240 if billed monthly

  • 40 transactions a month
  • 80 receipts 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
Most Popular

Rocking

S$350 /m if billed annually S$420 if billed monthly

  • 80 transactions a month
  • 125 receipts 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

  • 160 transactions a month
  • 250 receipts 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

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

GST registration and filing exemption

S$300

We register your company for GST

Consolidation only

S$1,000

Covers the parent company + 1 subsidiary. Add subsidiaries, associates or joint ventures at S$300 each.

Bookkeeping only

from 

S$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

from 

S$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

See Osome in action — schedule a free demo

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Stats

89% Customers
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3,300+ Clients all over
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Reviews

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

    Randeep Sudan

    Randeep Sudan
    Multiverz 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.

4.8 out of 28 reviews

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Q&A

  • 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.

  • Why is positive cash flow important?

    More cash in hand allows companies to settle their debts, pay shareholders and 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 – big or small – must all be appropriately tracked. Most companies in Singapore use automated or freelance accounting services in Singapore to monitor and manage their cash flow.

  • What are the budgeting compliance requirements for Singapore businesses?

    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.

  • 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.

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