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

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

Learn what it takes
  • ACRA registered filing agent
  • Xero Platinum Partner
    Platinum Partner
  • 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
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.

Why is positive cash flow important?

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.

We help small business owners with hassle-free outsourced accounting

At Osome, we take over accounting routine from busy entrepreneurs. We organise docs, file tax reports with all available exemptions, and make sure you don’t have to pay any fines.

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.

  • Mini

    60 transactions a year

    S$60 a month, or billed upfront at


    In this package:

    • Annual Management Report
    • Unaudited Financial Statements
    • Estimated Chargeable Income
    • Corporate Tax Return (Form C-S)
    • Annual bookkeeping
  • Starter

    40 transactions a month

    S$120 a month, or billed upfront at


    In this package:

    • Quarterly Management Report
    • Unaudited Financial Statements
    • Estimated Chargeable Income
    • Corporate Tax Return (Form C-S)
    • Daily bookkeeping
    • Personal Accountant & Bookkeeper
  • Need more?

    Monthly packages for business of any size


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


We register your company for GST

Consolidation only


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

Bookkeeping only


S$100 a month

Includes daily bookkeeping in Xero, books ready for your accountant, and online support

Dormant Accounting


Includes Unaudited Report and tax filing


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


Only required for companies with negative equity or insolvent




Mainly required for companies being audited, or companies with corporate shareholders, regardless of equity being positive or negative

Tax Filing Only


We file and submit the tax computation you have. Does not include the correction of errors.

Certificate of Residency (COR)


COR confirms residency status, it allows to reduce the withholding tax based on double tax treaties when dealing with overseas companies

Form C


Preparation and filing

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See Osome in action — schedule a free demo

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  • 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

  • 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.

4.9 out of 28 reviews

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  • 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.

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