Accounting and Bookkeeping
We offer accounting, bookkeeping, payroll, and financial reporting services to your company in Singapore.
Under the Companies Act, every company registered in Singapore must comply with IRAS and ACRA annually.
This includes preparing and signing financial statements, computing and filing tax returns, and filing AGM and annual returns.
How We Can Help
Our services simplify compliance and provide clear financial insights for you to succeed.
Bookkeeping, Accounting and Reporting
- Day-to-day financial transactions including sales, purchases, receipts, payments and journal entries
- Accounts payable and accounts receivable
- General ledgers
- Bank reconciliations
- GST accounting
- GST return filing
- Management Report (Profit or Loss, Statement of Financial Positions etc.)
Payroll
- Preparation of monthly payroll and payslips
- Applying for the CPF Submission Number (CSN)
- Monthly CPF submission
- Preparation of IR8A forms
- Submitting employees’ employment income to IRAS
(Auto-Inclusion Scheme)
Annual Compliance
- Unaudited financial statements for annual returns filing with ACRA
- XBRL report for annual return filing with ACRA
“HC Consultancy Services has been a trusted partner for nearly two decades, providing valuable expertise in corporate secretarial and accounting services. They played a key role in assisting us with PR matters in Singapore, offering reliable support throughout the process. We highly endorse their expert services.”
Primovero Consulting Pte Ltd
“HC Consultancy Services has been a trusted partner for nearly two decades, providing valuable expertise in corporate secretarial and accounting services. They played a key role in assisting us with PR matters in Singapore, offering reliable support throughout the process. We highly endorse their expert services.”
Primovero Consulting Pte Ltd
Frequently Asked Questions
What are Singapore's accounting regulations and compliance requirements?
In Singapore, companies are required to comply with various accounting regulations and reporting standards to ensure transparency and accuracy in their financial statements.
The key regulations include the Singapore Companies Act and Singapore Financial Reporting Standards (SFRS). Companies must also submit annual financial statements and tax returns to IRAS and comply with the requirements of ACRA.
Who can prepare the financial reports for my company in Singapore?
Financial reports can be prepared by an employee, the company director, or an in-house accountant. Alternatively, you can engage HC Consultancy Services for expert assistance.
Does my company's financial report need to be audited in Singapore?
Your company’s financial report may be exempt from an audit if it is a dormant or Exempt Private Company that meets at least two of the following criteria for the immediate past two consecutive financial years:
- Total annual revenue is less than SG$10 million.
- Total assets less than SG$10 million.
- Fewer than 50 employees.