audit services singapore

Looking for accounting services in Singapore you can actually rely on?

Managing your finances isn’t exactly the most exciting part of running a business — from recording transactions to chasing invoices, it can quickly become overwhelming. On top of that, staying compliant with the Accounting and Corporate Regulatory Authority (ACRA), Singapore Financial Reporting Standards (SFRS), and the Inland Revenue Authority of Singapore (IRAS) requires time, focus, and expertise. That’s where we come in.

At Ackenting Group (AG), we’re more than just another accounting firm in Singapore—we’re your back-office partner. Whether you need day-to-day bookkeeping or fully outsourced accounting, we’ve got you covered. No fluff, no guesswork—just efficient, accurate service, delivered with commitment. Join over 1000 Singapore SMEs that trust AG to keep their finances in check. Get in touch with us today.

Accounting Compliance Requirements

Every company incorporated in Singapore has to meet a set of accounting obligations, whether you handle them in-house or outsource them to us. Here’s what actually applies:

1. Record-Keeping (Companies Act, Section 199)

You must keep proper accounting records that explain your transactions and financial position, retained for at least 5 years from the relevant financial year. Non-compliance can mean fines of up to S$5,000 and, in serious cases, imprisonment.

2. Corporate Tax Filing

File Estimated Chargeable Income (ECI) within 3 months of your financial year-end. Annual returns are filed via Form C-S (revenue up to S$5M), Form C-S (Lite) (revenue up to S$200K), or Form C. The corporate tax rate is 17%, with partial exemption on the first S$200,000 of chargeable income.

3. GST Registration and Filing

Registration is mandatory once your taxable turnover exceeds S$1 million (past 12 months, or expected in the next 12). GST returns (Form GST F5) are filed quarterly. The current GST rate is 9%.

4. ACRA Annual Return

Due within 7 months of your financial year-end (5 months for listed companies). Late filing penalties can run up to S$600.

5. Audit Exemption

Private companies meeting at least 2 of 3 criteria for 2 consecutive financial years, revenue and total assets each not exceeding S$10M, and fewer than 50 employees, are exempt from statutory audit but still need properly prepared, ACRA-compliant unaudited financial statements.

Getting any of these wrong, or late, is where most of our new clients come to us after a DIY setup or a previous accountant let something slip.

Accounting Services We Provide in Singapore

At AG, we take the complexity out of accounting and bookkeeping. When you outsource to us, here’s what you can expect:

General Bookkeeping
Group Consolidation
Compilation of Unaudited Financial Statements
Multi-currency Accounting
GST Compliance
Tax Compliance

The Senior Team Behind Your Accounting Engagement

Every accounting engagement at AG is backed by the same senior partners who lead our statutory audit practice, not handed off to a junior bookkeeper.

John Woo, Managing Partner at AG Singapore
John Woo (PA, CA, ASEAN CPA, FCCA, ATP)
Managing Partner
John founded AG Singapore and has more than 10 years of accounting and audit experience across a range of industries. He previously worked with a top accounting group listed on the SGX.
Dax Teo, Audit Partner at AG Singapore
Dax Teo (PA, CA, ASEAN CPA)
Audit Partner
Dax spent more than 10 years with one of the “Big 4” international audit firms before joining AG as partner, bringing that same level of rigour to how our accounting engagements are reviewed and signed off.

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 ServicesS$200 per month
Compilation of unaudited report                              S$800
Accounting advisoryPrices may vary (request for a quote)

Our Simple 3-step Accounting Process

  • 1
    Accounting Checklist
    We’ll create a customised accounting checklist tailored to your business to ensure all financial details are accurately recorded and nothing essential is missed during the accounting process.
  • 2
    Data Processing
    Our team will input and process the data. This typically takes one to two weeks, depending on the volume of transactions and the complexity of your financial records
  • 3
    Financial Reporting
    Our audit-trained accountants will prepare your financial statements in line with SFRS and all necessary supporting schedules required for audit and compliance purposes.

Benefits of Our Accounting Services

At AG, we take the complexity out of accounting and bookkeeping. When you outsource to us, here’s what you can expect:

Regulatory Compliance & Transparency
We ensure your financial records are accurate, well-organised, and fully aligned with local regulations—keeping your business compliant and ready for audits and filings.
Improved Decision-Making
Get timely, accurate financial reports that give you the clarity and confidence to make informed, strategic decisions for your business at every stage of growth.
Time & Cost Efficiency
Free yourself from repetitive tasks with our efficient systems and expert accounting support, reducing overhead and enabling you to focus on business growth.
Scalability & Tailored Solutions
We offer flexible accounting services adapted to your specific needs, whether you're a startup, SME, or a larger enterprise. This ensures you only pay for what you need.
Get Your Accounts in 30 days
"Why wait months for your accounts? At Ackenting Group, we complete most accounts in under 30 days — tailored to your business deadlines, so you stay compliant without the delay."
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KPI to process your accounts
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5-star Google Reviews
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Customers

No more waiting months

to get your accounts done

Your Preferred Singapore Outsourced Accounting Service

Choosing Ackenting Group for your accounting needs means partnering with a firm that not only understands the intricacies of finance but is equally invested in the growth and success of your business. Here’s why AG is the preferred choice

01.

Accelerated Accounting Process: 30 Days KPI

We’re committed to delivering accurate, timely accounting services. We strictly limit our annual intake to 100 clients. This exclusivity ensures the resources necessary to maintain our signature 30-Day Accelerated Accounting Protocol
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.

Accounting services singapore

No more waiting months

to get your accounts done

Successful Case Studies

CASE STUDY 1

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.

CASE STUDY 2

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.

Frequently Asked Questions

HOW CAN ACCOUNTING SERVICES HELP MY BUSINESS?

At its core, accounting is keeping track of all the money coming in and going out of your business, then organising that information into clear reports so you understand your financial position and can make informed decisions. Done well, it also keeps you compliant and helps you avoid tax issues. Outsourcing this to AG frees up your time: we leverage accounting technology and our team’s expertise to handle the day-to-day work while keeping you fully compliant with the latest financial regulations.

HOW MUCH DO ACCOUNTING SERVICES COST?

AG’s accounting and bookkeeping services are available for S$200 per month, and the compilation of unaudited reports is priced at S$800. For accounting advisory, we provide customised quotes, ensuring our fees align with your specific requirements.

IS OUTSOURCING ACCOUNTING SERVICES BETTER THAN IN-HOUSE?

Outsourcing tends to make sense once accounting tasks are draining your time, compliance feels overwhelming, or you don’t have in-house expertise; it typically offers cost savings, expert support, and scalability that’s well suited to growing SMEs. In-house can still be the better fit if you want direct oversight and immediate access to your finance team day to day. Many businesses land somewhere in between, outsourcing the compliance-heavy work while keeping light internal oversight.

CAN I SWITCH FROM ANOTHER ACCOUNTING FIRM TO ACKENTING GROUP?

Yes, you can switch to Ackenting Group anytime—either by waiting for your current contract to end or exploring early termination options. We’ll then work closely with you to ensure a smooth transition of your financial data and operations. Contact us for more information.

IS AG ACCOUNTING SOLUTIONS SUITABLE FOR STARTUPS?

Yes, AG’s accounting services are ideal for startups. We provide the financial foundation startups need to focus on growth and innovation, offering services that evolve with your business, such as auditing services and company registration.

WHAT'S THE DIFFERENCE BETWEEN BOOKKEEPING AND ACCOUNTING?

Bookkeeping is the day-to-day recording of transactions, invoices, receipts, bank entries. Accounting takes that raw data and turns it into financial statements, tax computations, and management reports. Most SMEs need both, which is why our accounting service includes bookkeeping as standard rather than billing it separately.

WHICH ACCOUNTING STANDARD APPLIES TO MY BUSINESS, SFRS OR SFRS FOR SMALL ENTITIES?

Most Singapore companies follow the full Singapore Financial Reporting Standards (SFRS). If your revenue and total assets are each under S$10 million, you’re not publicly accountable, and you meet the other qualifying criteria, you may use the simplified SFRS for Small Entities instead. We confirm which applies during your onboarding call.