LogoOsome
  1. Osome SG
  2. Accounting

Your finances sorted with all-in-one accounting services

Free yourself from financial admin. Our dedicated experts and easy-to-use tools make managing your money and paying the right tax effortless.

Your finances sorted with <i>all-in-one accounting services</i>
What you get

Total visibility over your finances

  • Dedicated accounting team

    Dedicated accounting team

    Your accounting experts are on-call through live chat and responds within one working day.

  • Filing and compliance

    Filing and compliance

    Leave the tax, deadlines, and filing with IRAS to us. We’ll make sure you pay the right tax and stay compliant.

  • Easy-to-use software

    Easy-to-use software

    Our tools give you control over your finances with automated invoicing, expenses monitoring, and cash flow insights.

  • Unlimited bookkeeping

    Unlimited bookkeeping

    Bookkeeping is part of your package. We'll take care of your financial records, taxes, transaction matching, and billing.

Who we help

For new founders and seasoned entrepreneurs

  • Solo founders

    Solo founders

    You don't have to do it alone. We’ll get you up and running quickly with guidance on tax deadlines and compliance with the authorities.

  • Small businesses

    Small businesses

    We give you the experts to calculate your Corporate Tax and file with IRAS, and the tools to manage your money, so that you can grow with confidence.

  • Ecommerce

    Ecommerce

    Forget generic accounting solutions. Our accountants know ecommerce and our software integrates with Amazon, Shopee, Lazada, and more.

Why Osome

Feel fully in control of your business finances

Experts on your side

Experts on your side

Get an expert accounting team for your business from day one. Our Singapore-based team helps founders get their taxes right from the start. Got questions? Get a response via live chat within one working day.

Pay the right tax

Pay the right tax

We help you stay on top of your finances. We keep track of deadlines and remind you about GST and other compliance needs. Plus, our experts handle tax returns and filing, so you’re free to focus on your business.

Get clear on cash&nbsp;flow

Get clear on cash flow

With our dashboard, your cash flow info is at your fingertips. We’ll use these metrics to create reports that show you where your money is coming from and where you’re spending it.

Bookkeeping?IconIt’s included.

Got questions? Chat with our local experts

Choose a convenient time to chat with our accounting experts and get the answers you need to take the next step.

Got questions? Chat&nbsp;with&nbsp;our local experts
Simple software

Easy-to-use tools to handle all your business operations

Your accountant is always there
1/4

Your accountant is always there

Talk to your accountant via live chat, ask questions and get answers within one business day.

From bookkeeping to filing tax
2/4

From bookkeeping to filing tax

We process documents within 24 hours, giving you an up-to-date snapshot of your financials. Come filing time, we'll sort the reports; you just need to click ‘approve’.

Get your invoices paid quicker
3/4

Get your invoices paid quicker

Issue invoices, nudge late payers and get paid faster. Pre-filled fields in the invoice template means there’s no need for manual data entry.

Get clear on your cash flow
4/4

Get clear on your cash flow

See a combined view of all your connected business bank accounts to see how your money is moving.

Pricing

Plans to fit your business

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

Operate

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

S$68/mS$816 billed annually, per financial yearGet this plan
  • Financial software
    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Reimburse expenses
    • Connect your banks
    • Use multiple currencies
    • Get real-time ecommerce sales reports
    • Connect one marketplace
  • Bookkeeping
    • Unlimited bookkeeping
    • Automatic reconciliations
  • Expert service
    • Filing and bookkeeping support via in-app chat
    • Support SLA 6 business hours
    • Annual management reports reviewed by accountant
  • Tax and filings
    • Estimated Chargeable Income (ECI) filing
    • Unaudited Financial Statements preparation
    • Annual tax return filing (C-S/C)
  • Optional add-ons
    • Planning and optimisation advice via videoS$200/h
    • Historical accountingS$816/y
What's included?

Grow

For those growing a team and needing payroll and employee services

S$90/mS$1,080 billed annually, per financial yearGet this plan
  • Financial software
    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Reimburse expenses
    • Connect your banks
    • Use multiple currencies
    • Get real-time ecommerce sales reports
    • Connect unlimited marketplaces
  • Bookkeeping
    • Unlimited bookkeeping
    • Automatic reconciliations
  • Expert service
    • Filing and bookkeeping support via in-app chat
    • Support SLA 6 business hours
    • Quarterly management reports reviewed by accountant
    • Planning and optimisation advice via video, one hour per quarter
    • Dedicated accountant
  • Tax and filings
    • Estimated Chargeable Income (ECI) filing
    • Unaudited Financial Statements preparation
    • Annual tax return filing (C-S/C)
  • Optional add-ons
    • GST registrationS$300
    • GST return filingS$1,200/y
    • Payroll services, per employeeS$350/y
    • Personal Income TaxS$150
    • Historical accountingS$1,080/y
What's included?

Scale

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

S$207/mS$2,480 billed annuall, per financial yearyGet this plan
  • Financial software
    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Reimburse expenses
    • Connect your banks
    • Use multiple currencies
    • Get real-time ecommerce sales reports
    • Connect unlimited marketplaces
  • Bookkeeping
    • Unlimited bookkeeping
    • Automatic reconciliations
  • Expert service
    • Filing and bookkeeping support via in-app chat
    • Support SLA 6 business hours
    • Monthly management reports reviewed by accountant
    • Planning and optimisation advice via video, unlimited
    • Dedicated accountant
  • Tax and filings
    • Estimated Chargeable Income (ECI) filing
    • Unaudited Financial Statements preparation
    • Annual tax return filing (C-S/C)
    • GST registration
    • GST return filing
  • Optional add-ons
    • Payroll services, per employeeS$350/y
    • Personal Income TaxS$150
    • Historical accountingS$2,480/y
What's included?
Compare packages

Add-ons you might need

  • Full XBRL filing

    S$ 500/y

    Osome will provide a Full XBRL report including primary statements and selected notes to the financial statements. This comprehensive report represents a company’s financial performance and position.

  • Simplified XBRL filing

    S$ 300/y

    The Simplified XBRL template caters to smaller businesses and non-publicly traded companies in Singapore. It provides a simple report and a complete set of financial statements in PDF format.

  • Urgency filing

    S$ 750

    Where applicable, an urgency fee may be applied depending on your filing deadline.

  • Consolidation

    from S$ 1,000/y

    Consolidation is required when a company holds more than 50% of shares in another company. This makes them a holding company. Consolidated Accounts will need to be provided for the group of Companies.

Switching to Osome is simple

We will liaise directly with your previous accountant to get all the information required, and migrate your accounting software subscription and data all in one go. Your transition to Osome is effortless.

Switching to Osome is&nbsp;simple
Testimonials

What our clients think about Osome services

Customer stories
“I use Osome to help me succeed”
Felix Lee, ADPList
“I use Osome to help me succeed”
Facts & numbers

91 %of customers recommend Osome services

Review

“Osome and their team makes accounting and getting the correct documents in order for company and bookkeeping easy and reliable.”

Peter Riverwind

FAQ

  • How does accounting work?

    Accounting tracks all your business activities and assets. Whenever you spend, lose or make money, your bookkeeper adds it to your records. 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. Secondly, accounting is crucial for internal planning and management. Mistakes could be costly: the government will fine business owners for inaccurate reports. You will also 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. This means transactions are recognised when they occur and not when the money is paid. Outsourced accounting services in Singapore must comply with SFRS requirements.

  • 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 and migrate all your data. We offer ongoing advice about relevant tax exemptions, helping you navigate the tax system smartly. 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, send them to us via the live chat 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 the financial year end and Corporate Income Tax Return (Form C/C-S) by 30th November or 15th December if via e-filing. This applies for all businesses unless qualifying conditions are met for an ECI waiver or the company has been granted Waiver of Income Tax Return Submission by IRAS.

  • How does your accounting software work?

    We have developed our own software to make the lives of business owners easier. We let you manage invoices and receipts, reconcile them with transactions, and update your documents and outstanding bank balance daily. We support single and multiple currencies, show an actual list of all unpaid invoices and report to you if anything document is missing. Your personal dashboard will give you a snapshot of your business’s finances, including Profit&Loss, whether you’re at home or on the go.

  • 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) 2022 would be to declare the income earned during the financial year 2021. This tax return must be submitted by the 30th of November 2022 or e-filed by the 15th of December 2021.

  • 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, record-keeping services include billing, taxes, bank reconciliations, general ledger and payroll records. Some bookkeepers also generate financial statements for review.

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

    • Company incorporation services for locals cost about S$350 per annum, at a minimum
    • Accounting and bookkeeping costs start at S$800 per annum
    • For corporate secretary services, the average fee is S$350
    • Corporate taxation services typically start at S$400 per annum
    • Payroll services cost roughly S$25 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.

    Additionally, small business entrepreneurs or new foreign investors may require specific accounting services in Singapore. These include GST calculations and the conversion of financial statements to XBRL (extensible business language) format. 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). If you aren’t familiar with these regulations, it’s best to outsource an accounting service to guide you.

    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.

  • How does your 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.

Ask your question
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