The accounting standards used in Singapore are known as the Singapore Financial Reporting Standards (SFRS), which are similar to the International Financial Reporting Standards (IFRS).

SFRS works on the accrual-based accounting system, which means transactions are recognised when they take place and not when the money is paid. This is a very useful way of doing accounts, because it informs the user of the past transactions that involves payment or receipt of cash. It also alerts the user of their future responsibility to pay and receive cash.

We prepare financial statements, ECI tax reports, optimize your tax, review your accounts, and handle daily bookkeeping. We can also prepare XBRL reports, apply for GST registration and submit regular reports for GST-registered companies, process payroll and expense claims, and many more.

Your company must file an Annual Return to ACRA every year, within 30 days of holding an AGM or after seven months after its financial year-end  (unless it is exempted).

In addition, your company must also file an Estimated Chargeable Income (ECI) within three months from its financial year-end and a Corporate Income Tax Return (Form C/C-S) by 30th November or 15th December if via e-filing. As most companies have their financial year-end on 31 Dec, a new company is required to inform IRAS if its financial year-end is not 31 Dec.

For additional information, please read A Guide to Singapore Company’s Annual Filing Requirements

eXtensible Business Reporting Language (XBRL) is the open international standard for digital business reporting that allows companies to handle and distribute data more effectively and precisely. It is widely used in more than 50 countries, including Singapore.

The Accounting and Corporate Regulatory Authority (ACRA) in Singapore requires companies to file their financial statements in XBRL format. The main reason is that XBRL filing provides more transparency since data can be quickly sliced and diced for analysis using software tools. ACRA can also use the XBRL reporting system to identify industry trends and gain a better understanding of business in Singapore.

Our software can be linked to your bank. It synchronizes your invoices and receipts with transactions and updates your documents and bank balances on a daily basis. It supports single and multiple currencies, displays an actual list of all unpaid invoices, and notifies us if something is missing.

Yes. We’ll make the transfer as seamless as possible. We'll contact your current accounting service provider immediately, take over all of your financial paperwork, and audit them to ensure that your business is compliant. We’ll then go over all of the required reports. We also provide continuing guidance on applicable tax exemptions, allowing you to make more informed tax decisions. Now that your accounting is in good hands, you can focus on running your business.

The accounting standards used in Singapore are known as the Singapore Financial Reporting Standards (SFRS), which are similar to the International Financial Reporting Standards (IFRS).

SFRS works on the accrual-based accounting system, which means transactions are recognised when they take place and not when the money is paid. This is a very useful way of doing accounts, because it informs the user of the past transactions that involves payment or receipt of cash. It also alerts the user of their future responsibility to pay and receive cash.

We prepare financial statements, ECI tax reports, optimize your tax, review your accounts, and handle daily bookkeeping. We can also prepare XBRL reports, apply for GST registration and submit regular reports for GST-registered companies, process payroll and expense claims, and many more.

Your company must file an Annual Return to ACRA every year, within 30 days of holding an AGM or after seven months after its financial year-end  (unless it is exempted).

In addition, your company must also file an Estimated Chargeable Income (ECI) within three months from its financial year-end and a Corporate Income Tax Return (Form C/C-S) by 30th November or 15th December if via e-filing. As most companies have their financial year-end on 31 Dec, a new company is required to inform IRAS if its financial year-end is not 31 Dec.

For additional information, please read A Guide to Singapore Company’s Annual Filing Requirements

eXtensible Business Reporting Language (XBRL) is the open international standard for digital business reporting that allows companies to handle and distribute data more effectively and precisely. It is widely used in more than 50 countries, including Singapore.

The Accounting and Corporate Regulatory Authority (ACRA) in Singapore requires companies to file their financial statements in XBRL format. The main reason is that XBRL filing provides more transparency since data can be quickly sliced and diced for analysis using software tools. ACRA can also use the XBRL reporting system to identify industry trends and gain a better understanding of business in Singapore.

Our software can be linked to your bank. It synchronizes your invoices and receipts with transactions and updates your documents and bank balances on a daily basis. It supports single and multiple currencies, displays an actual list of all unpaid invoices, and notifies us if something is missing.

Yes. We’ll make the transfer as seamless as possible. We'll contact your current accounting service provider immediately, take over all of your financial paperwork, and audit them to ensure that your business is compliant. We’ll then go over all of the required reports. We also provide continuing guidance on applicable tax exemptions, allowing you to make more informed tax decisions. Now that your accounting is in good hands, you can focus on running your business.