Accounting Fees in Singapore: What Business Owners Should Know
- Published: 23 October 2025
- 7 min read
- Running a Business
Rodney Wong
Author
Rodney helps customers in Singapore navigate their way through the details and benefits of our products and services, and to see how the application of technology to their needs could be a game changer for their business. A big believer in the power of the written word, he makes tech topics accessible, applicable, but most of all, useful, to encourage entrepreneurs to chase that big idea.
Rasool Beevi
Reviewer
Rasool Beevi, our Assistant Accounting Operations Manager, plays a key role in maintaining seamless financial operations. With in-depth expertise in accounting processes and compliance, she ensures accuracy and efficiency in financial reporting. While our business writers simplify complex accounting topics, Rasool reviews our content to ensure it remains precise, practical, and valuable for business owners looking to manage their finances effectively.
For many business owners in Singapore, accounting fees can feel like a guessing game — a necessary cost with an unpredictable price tag that often comes with hidden charges. But understanding what you pay for shouldn't be complicated. This comprehensive guide breaks down the true cost of accounting in Singapore, exploring the factors that affect pricing, typical market rates, and how a transparent, flat-fee model can provide your SME with complete clarity and value.
Key Takeaways
- Accounting fees in Singapore vary based on company size, transaction volume, and services required.
- Beyond fees, unforeseen costs like penalties or inefficiencies can add up if accounting isn’t managed properly.
- Osome offers transparent, flat-fee packages starting from S$ 60/month, helping businesses control both fees and overall costs.
Key Factors That Affect Accounting Fees in Singapore
Accounting fees aren’t one-size-fits-all — they depend on the specific needs of your company. Understanding what drives the price helps business owners compare providers more effectively.
Company size and transaction volume
The more transactions your business records each month, the more bookkeeping is required. A small startup with 20 invoices will naturally pay lower fees than a trading company handling hundreds of entries across multiple accounts.
Complexity of operations
Businesses dealing with multi-currency transactions, international clients, or GST registration often face higher fees. Complex cases require more time, checks, and expertise to ensure accuracy and compliance.
Additional services
Accounting goes beyond bookkeeping. Services like corporate tax filing, XBRL preparation, payroll management, and financial reporting can increase overall fees. Some providers charge extra for these, while others bundle them into packages.
Service model
Traditional firms often bill hourly, making costs unpredictable. Modern providers like Osome use flat-fee packages, so you know exactly what you’re paying each month — regardless of how much support you need.
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Market Overview: Typical Accounting Fees in Singapore
Accounting fees in Singapore vary widely depending on the type of service and provider. Understanding the typical range helps business owners set realistic budgets and compare options effectively.
Bookkeeping fees
Basic bookkeeping for a small company can start from around S$ 100 to S$ 300 per month, depending on transaction volume. More complex bookkeeping, including multiple bank accounts and international transactions, can cost upwards of S$ 500 to S$ 600 per month.
Full-service accounting packages
Comprehensive packages that include bookkeeping, financial statements, and corporate tax filing generally start from S$ 500 to S$ 800 per month with traditional providers. These fees can rise significantly if the business has more complex operations or requires additional services.
Why fees vary
Several factors influence pricing, including the number of transactions, company size, the complexity of reporting, and whether services are billed hourly or as a package. Transparency is not always guaranteed with traditional providers, which can lead to unexpected costs.
This is where flat-fee providers like Osome offer a clear advantage: predictable monthly accounting fees that cover all essential services without hidden charges.
Osome’s Accounting Fees Explained
Osome offers transparent, flat-fee accounting packages designed to suit different business needs. Each package includes professional bookkeeping, financial statements, corporate tax filing, and a dedicated accountant, helping businesses stay compliant without worrying about hidden costs. Whether you are a startup just getting off the ground or an established company with complex operations, Osome’s pricing is structured to scale with your business.
Businesses can choose a package based on their annual revenue, ensuring the service matches their accounting needs while keeping costs predictable. The packages are tiered to reflect the complexity and volume of transactions that companies typically encounter at different stages of growth.
Annual Revenue Range
Annual Revenue Range | Operate Accounting Package | Grow Accounting Package | Scale Accounting Package |
|---|---|---|---|
| S$ 0– S$ 30,000 | S$ 75/m | S$ 99/m | S$ 227/m |
| S$ 30,000– S$ 90,000 | S$ 105/m | S$ 132/m | S$ 260/m |
| S$ 90,000– S$ 180,000 | S$ 154/m | S$ 201/m | S$ 330/m |
| S$ 180,000– S$ 420,000 | S$ 264/m | S$ 330/m | S$ 458/m |
| S$ 420,000– S$ 900,000 | S$ 363/m | S$ 468/m | S$ 596/m |
For companies with annual revenue exceeding S$ 900,000, accounting fees are determined individually based on the complexity of the business and the range of services required.
Why Osome is different
Osome combines the efficiency of smart accounting software with the expertise of human accountants. Flat monthly fees make it easy to budget and control accounting costs. All essential services are included in each package — no hidden charges — so business owners can focus on growth rather than unexpected expenses. By automating routine tasks and providing access to dedicated accountants, Osome also reduces the time spent managing accounts.
Financial software
Feature | Operate Accounting Package | Grow Accounting Package | Scale Accounting Package |
|---|---|---|---|
| Create, send and chase invoices | ✔ | ✔ | ✔ |
| Capture bills and receipts easily | ✔ | ✔ | ✔ |
| Reimburse expenses | ✔ | ✔ | ✔ |
| Connect your banks | ✔ | ✔ | ✔ |
| Use multiple currencies | ✔ | ✔ | ✔ |
| Ecommerce platforms integration | ✔ | ✔ | ✔ |
Bookkeeping
Feature | Operate Accounting Package | Grow Accounting Package | Scale Accounting Package |
|---|---|---|---|
| Unlimited bookkeeping | ✔ | ✔ | ✔ |
| Automatic reconciliations | ✔ | ✔ | ✔ |
Expert service
Feature | Operate Accounting Package | Grow Accounting Package | Scale Accounting Package |
|---|---|---|---|
| Filing and bookkeeping support via in-app chat | ✔ | ✔ | ✔ |
| Support SLA 6 business hours | ✔ | ✔ | ✔ |
| Planning and optimisation advice via video call | S$ 200/y | 1 hour/q | Unlimited |
| Management reports reviewed by accountant | Annually | Quarterly | Monthly |
| Dedicated accountant | – | ✔ | ✔ |
Tax and filings
Feature | Operate Accounting Package | Grow Accounting Package | Scale Accounting Package |
|---|---|---|---|
| Estimated Chargeable Income (ECI) filing | ✔ | ✔ | ✔ |
| Unaudited Financial Statements preparation | ✔ | ✔ | ✔ |
| Annual tax return filing (C-S/C) | ✔ | ✔ | ✔ |
| GST return filing | – | S$ 1,200/y | ✔ |
| GST registration | – | S$ 300 | ✔ |
Additional services
Service | Fee (SGD) |
|---|---|
| Urgency filing | S$ 750 |
| Payroll services, per employee | S$ 350/y |
| Personal Income Tax | S$ 150 |
| Consolidation for one subsidiary | S$ 1,000/y |
| Consolidation, per extra subsidiary | S$ 300/y |
| Consolidation Currency Translation, per subsidiary | S$ 300/y |
| Simplified XBRL filing | S$ 300/y |
| Full XBRL filing | S$ 500/y |
This structure allows businesses to select the package that best fits their size and needs. Osome’s approach ensures transparency in accounting fees while helping to manage the overall accounting costs effectively, giving business owners peace of mind and more time to focus on growing their company.
Choosing the right accounting package can help you control costs and streamline compliance. If you’re unsure which package fits your business, our team can guide you to the best option. Contact us today to get personalised advice!
Even if accounting fees seem reasonable, additional costs can add up. Common hidden costs include:
- Extra charges for ad-hoc tasks: Traditional firms may bill separately for reports or urgent filings.
- Costs of mismanagement or errors: Late submissions or incorrect filings can lead to IRAS penalties or interest charges.
- Staff time and inefficiencies: Managing accounts in-house takes time, which is an indirect cost that increases overall accounting expenses.
Conclusion
Understanding accounting fees and costs is essential for businesses in Singapore. Fees vary depending on company size, transaction volume, complexity, and the range of services required. Beyond the stated fees, hidden costs such as ad-hoc charges, penalties, or staff time can add up, so it’s important to consider the full picture. By being aware of these factors, business owners can make informed decisions when selecting accounting services and better manage their overall accounting expenses.