audit services singapore

Managing day-to-day bookkeeping, preparing financial statements, handling GST and tax submissions, and staying compliant with IRAS and ACRA requirements can place a heavy burden on many Singapore businesses — especially startups and SMEs without dedicated finance teams. As regulations become more complex and the demand for accurate reporting increases, maintaining an in-house accounting function can quickly become costly and time-consuming.

Outsourcing your accounting to a trusted firm like Ackenting Group (AG) allows you to streamline financial operations while ensuring full compliance with Singapore standards. At AG, our team of qualified accountants provides reliable, timely, and professional support tailored to your business needs. With our expertise managing your accounts, you gain peace of mind, reduce operational overheads, and free up valuable time to focus on what truly matters — growing and scaling your business.

What is Outsourced Accounting

Outsourced accounting refers to the practice of hiring an external professional accounting firm or service provider to handle some — or all — of a company’s accounting, bookkeeping, and financial-reporting needs instead of managing them in-house. Rather than maintaining a full-time accounting team (with salaries, benefits, training, infrastructure, and overhead), businesses entrust qualified accountants to manage tasks such as bookkeeping, payroll, tax and GST compliance, financial statements, invoicing, bank-reconciliations, and more.

In effect, outsourcing transforms accounting from a fixed in-house cost to a flexible, pay-as-you-need service. For many small and medium enterprises (SMEs), start-ups, or companies with fluctuating transaction volumes, outsourced accounting is a strategic move that combines cost-efficiency with expertise — allowing businesses to remain focused on operations and growth rather than financial admin.

Moreover, in a regulatory environment like Singapore’s, where compliance with reporting standards, tax laws, and audit-readiness is mandatory, outsourced accounting ensures you stay compliant without the burden of mastering every detail internally.

Outsourcing Accounting with a Trusted Accounting Firm in Singapore

Choosing to outsource accounting is only the first step — selecting the right firm matters even more. A trusted Singapore accounting firm will bring more than just bookkeeping: it offers expertise, reliability, compliance knowledge, and scalable support for your business as it grows.

As Ackenting Group (AG), we believe every business deserves a “back-office partner,” not just a vendor. We aim to deliver:

  • Comprehensive coverage: From day-to-day bookkeeping to full outsourced accounting — covering invoice processing, bank reconciliations, payroll, GST, tax filing, and financial statement preparation under Singapore Financial Reporting Standards (SFRS).
  • Compliance assurance: We stay up-to-date with the requirements of the Accounting and Corporate Regulatory Authority (ACRA), the Inland Revenue Authority of Singapore (IRAS), and relevant tax/GST laws — ensuring your compliance with annual filings, Estimated Chargeable Income (ECI), GST, and audit-ready financials when needed.
  • Flexible, tailored service: We don’t believe in “one-size-fits-all.” Instead, we work with you to develop a customised accounting checklist, aligned with your business model, transaction volume, and growth plans. Then our team processes your data and delivers accurate financial reporting.
  • Scalable & dependable support: As your business grows, your accounting complexity likely increases — more transactions, payroll, tax compliance, perhaps even audit requirements. A strong outsourcing partner grows with you, providing needed expertise without you needing to recruit internally.

By outsourcing to AG, you essentially gain a full accounting team — with far less overhead, complexity, and commitment.

Outsourcing Accounting Services We Provide in Singapore

  • Compilation of Unaudited Group Financial Statements
  • Tax Filing
  • Estimated Chargeable Income (ECI) Filing
  • Preparation of Statement of Financial Position
  • Payroll Services
  • GST Filing
  • Multi-currency Accounting

Outsourcing Accounting Services Pricing

Our accounting services in SG are priced based on the type and scope of work. We offer both fixed monthly rates and customised quotes, depending on your business needs and reporting requirements.

Starting from
Bookkeeping and Accounting Services S$200 per month
Compilation of unaudited report                               S$800
Accounting advisory Prices may vary (request for a quote)
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Why Choose Our Outsourced Accounting Services in Singapore

When you select AG for your accounting needs, you’re not just hiring a bookkeeper — you’re partnering with experts committed to your business success. Here’s why businesses choose us:

01.

30-Day Moneyback Guarantee

We’re committed to delivering accurate, timely accounting services. If we don’t meet our 30-day delivery promise, we’ll return 100% of your payment (terms and conditions apply).
02.

Audit-Trained Professionals

Leave the numbers to us. Our audit-trained accountants ensure your records are accurate, compliant, and ready for review—so you stay prepared without the added stress.
03.

Boost Your Business with Outsourced Accounting

Our outsourced accounting services give you clearer insights, stronger financial oversight, and the agility to respond to evolving demands—so you can focus on running and scaling your business.
04.

Flexible & Customised Solutions

We understand that one size doesn’t fit all. That’s why our accounting services are flexible—no rigid contracts, just what you need, when you need it, at fair, transparent rates.
05.

Award-Winning Accounting Services

With AG, you get a trusted partner committed to helping your business thrive. Our award-winning accounting solutions combine affordability with innovation, bringing you the best of both worlds.
06.

Recognised Excellence

Our track record speaks for itself. As Singapore’s Most Trusted Tax Service Provider for 2020, awarded by APAC Business Headlines and an OCBC Prestige Partner, AG is a recognised name in reliability and results—giving you confidence that your business is in capable hands.

Frequently Asked Questions

Outsourced accounting can cover a wide range of services: bookkeeping, bank reconciliations, invoicing, payroll processing (including CPF/social security), GST filing, corporate tax filing, annual financial statements (SFRS compliant), regulatory filings (ACRA, IRAS), management reports, and sometimes advisory services depending on the provider.

Costs vary depending on volume and services required. Basic bookkeeping packages often start around SGD 200/month. For full accounting support — including bookkeeping, payroll, GST and tax compliance — many SMEs pay between SGD 600–1,200/month. Annual outsourced accounting expenses for small businesses typically amount to SGD 1,500–15,000 depending on complexity and revenue scale.

For many SMEs and small businesses, yes. Hiring a qualified in-house accountant in Singapore often involves salaries, CPF/social security contributions, training, benefits, and overheads — which can easily exceed SGD 3,500–5,000/month (before overheads) depending on experience. Outsourcing converts fixed overhead into flexible, pay-only-for-what-you-use cost, often leading to significant savings.

Not necessarily. A reputable outsourced accounting firm gives you full visibility and control — you receive regular financial reports, reconciliations, and insights. Outsourcing doesn’t mean relinquishing control; it means entrusting execution to experts while you stay informed and make strategic decisions.

A reliable accounting firm stays current on regulatory standards and handles compliance requirements — from annual financial statements aligned with SFRS, to GST, corporate tax, Estimated Chargeable Income (ECI), ACRA filing, and audit-ready record keeping. The firm should have qualified accountants and well-defined processes to ensure all statutory obligations are met on time

Successful Case Studies

Client A (“ABC”) is an IT company with an annual revenue of US$5mil. ABC approached AG for statutory audit service. During our audit, we found out that a lot of accounting entries were not in proper treatment.

Accounting Solution

Our accounting services team came in to tidy up the accounts and prepare the required audit schedules.

Result

The financial accounts were finalised in 2 weeks, and the audit was performed successfully.

Client B (“BCD”) is an event marketing company with an annual revenue of S$1mil.

BCD had a few years of accounting backlogs and approached AG for accounting services. Due to a court order, we had a very tight accounting deadline.

Accounting Solution

Our accounting services team came up with a personalised checklist to properly document the client’s accounting records.

Result

All accounting backlogs were cleared within 4 weeks before the deadline of the court order.

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