What is SME Accounting Services?

SME accounting services give small businesses in Singapore the professional support needed to handle their finances efficiently. From keeping records to managing taxes, these services let small and medium-sized companies save time and money by outsourcing to experts. With a focus on local compliance, SME accounting helps businesses meet legal requirements smoothly, without stress.

Group of business people working with laptop at meeting

How Can a SME Accountant Help You?

Outsourcing a SME accounting company for accounting tasks allows small businesses to focus on core operations, save time and money, and benefit from expert strategies for growth and financial management.

What Does SME Accounting Services Cover?

Bookkeeping

Our team of accountants for small businesses ensures every transaction is recorded accurately. With organized records, your finances are always up-to-date, giving you a clear view of your cash flow.

Tax Services

We manage all income tax and GST filings, so you stay compliant with Singapore’s tax regulations. Our accounting services for small business in Singapore handle tax matters smoothly, reducing the stress of compliance.

Financial Reports

Our small business accountants prepare detailed financial reports like profit and loss statements and balance sheets, helping you track business performance and make smart financial decisions.

Payroll

We handle payroll management, including CPF contributions and leave entitlements, ensuring your payroll is compliant and your team gets paid on time. This simplifies HR for you and meets all local laws.

Accounting and Bookkeeping Software Service Providers Use

Xero

A popular choice for small business accountants, Xero offers online accounting with secure data management.

QuickBooks

QuickBooks simplifies invoicing and expense tracking, making it a trusted tool for accountants for small businesses.

MYOB

MYOB is ideal for SMEs needing easy GST tracking and reliable reporting.

Sage

Sage provides flexible options for accounting services for small business in Singapore, helping growing companies stay organized.

Why Outsource Your SME Accounting Services to Us?

Affordable Options

Our cheap accounting services in Singapore fit SME budgets while maintaining high standards. From basic bookkeeping to detailed financial analysis, we offer flexible packages to meet any business need.

Experienced Team

Our skilled small business accountants know the challenges SMEs face. Whether you need regular bookkeeping or a complete financial setup, our team provides professional, reliable support.

Time Savings

Outsourcing your accounting frees up time for you to focus on business growth. Our accounting services for small business Singapore ensure your books are managed efficiently, with timely reports and updates.

Compliance Guarantee

We stay updated with IRAS and ACRA requirements to keep your records compliant. With our expertise, you can be assured that your business meets all local regulations without worry.

Steps to SME Accounting Services

1. Initial Consultation

We begin by understanding your business needs and goals to provide the best-fit accounting support.

2. Setup

We handle software setup and customize templates, giving you secure, easy access to your financial records.

3. Regular Bookkeeping & Quarterly Checks

We keep records updated every month, with quarterly checks to maintain compliance and offer useful financial insights.

4. Year-End Reporting

At the end of each year, we compile annual reports and handle all required tax filings to IRAS and ACRA, keeping your business fully compliant.

Our Accounting Services Pricing

SG Biz Works provides four different accounting packages depending on how the company runs its business, the number of manpower, and the company’s experience in finance. We have helped several companies by offering them affordable outsourced bookkeeping, tax and accounting services; so that they can focus their time on what they do best.

Financial Statement and Tax Package From $650

Recommended for Entrepreneurs who have completed general bookkeeping during the financial year

This package includes:

1. Compilation of Financial Statements

2. Corporate Tax Submission including

  • Estimated Chargeable Income (“ECI”) filing within 3 months from your accounting year end
  • Preparation of Main Tax Computation
  • Preparation of Additional Tax Schedules required
  • Tax Filing of simplified Form C-S to IRAS (Fee subject to changes for Form C filing)

Best Recommended for

  • Companies that have in-house bookkeepers who maintained the company accounts regularly in an accounting system. All you need to provide to us are your balance sheet, profit and loss and general ledger records for a start. We will review your accounts and should there be a need to gather more information, we will let you know what else we need to complete your financial statements and tax filing.
  • Companies with light volume of transactions that are recorded in non-accounting software like Microsoft Excel. Let us review the records and assess if information captured is sufficient to carry out the compiling and tax work. In some instances, we can help you make right your records for an additional fee.
All-in-One Financial Statement + Tax + AGM Package From $790

Recommended for Entrepreneurs who have their own bookkeeping in place and would like to cover both IRAS and ACRA obligations

This package includes:
1. Compilation of Financial Statements
2. Corporate Tax Submission including
  • Estimated Chargeable Income (“ECI”) filing within 3 months from your accounting year end
  • Preparation of Main Tax Computation
  • Preparation of Additional Tax Schedules required
  • Tax Filing of Form C-S to IRAS (Fee subject to changes for Form C filing)
3. Company Secretarial Support
  • Provision of named company secretary for the Company
  • Preparation of Standard AGM documents
  • Submission of Annual Return to ACRA
  • E-Reminder Service to remind Company of deadlines
Best Recommended for
  • Companies looking for total fulfilment of standard statutory obligations towards IRAS and ACRA.
  • Companies that have in-house bookkeepers who maintained the company accounts regularly in an accounting system. All you need to provide to us are your balance sheet, profit and loss and general ledger records for a start. We will review your accounts and should there be a need to gather more information, we will let you know what else we need to complete your financial statements and tax filing.
  • Companies with light volume of transactions that are recorded in non-accounting software like Microsoft Excel. Let us review the records and assess if information captured is sufficient to carry out the compiling and tax work. In some instances, we can help you make right your records for an additional fee.
Full Fledged Accounting and Secretarial Package with Payroll From $1500

Recommended for Entrepreneurs with no in-house accountants, and First Time Entrepreneurs with no accounting, tax & payroll experience

This package includes:
1. Bookkeeping Service (inclusive of GST reporting for GST registered companies)
2. Payroll Service
3. Compilation of Financial Statements
4. Corporate Tax Submission including
  • Estimated Chargeable Income (“ECI”) filing within 3 months from your accounting year end
  • Preparation of Main Tax Computation
  • Preparation of Additional Tax Schedules required
    Tax Filing of Form C-S or Form C to IRAS

5. Company Secretarial Support

  • Provision of named company secretary for the Company
  • Preparation of Standard AGM documents
  • Submission of Annual Return to ACRA
  • E-Reminder Service to remind Company of deadlines
Best Recommended for
  • Companies looking for total fulfilment of standard statutory obligations towards IRAS and ACRA.
  • Companies that do not have in-house accountants to manage their accounts.
  • Business Owners who are not familiar with bookkeeping and tax matters.
Full Fledged Accounting and Secretarial Package From $1800

Recommended for Entrepreneurs with no in-house accountants, and First Time Entrepreneurs with no accounting and tax experience

This package includes:

1. Bookkeeping Service (inclusive of GST reporting for GST registered companies)
2. Compilation of Financial Statements
  • Estimated Chargeable Income (“ECI”) filing within 3 months from your accounting year end
  • Preparation of Main Tax Computation
  • Preparation of Additional Tax Schedules required
  • Tax Filing of Form C-S or Form C to IRAS
3. Corporate Tax Submission including
  • Estimated Chargeable Income (“ECI”) filing within 3 months from your accounting year end
  • Preparation of Main Tax Computation
  • Preparation of Additional Tax Schedules required
  • Tax Filing of Form C-S or Form C to IRAS

4. Company Secretarial Support

  • Provision of named company secretary for the Company
  • Preparation of Standard AGM documents
  • Submission of Annual Return to ACRA
  • E-Reminder Service to remind Company of deadlines
Best Recommended for
  • Companies looking for total fulfilment of standard statutory obligations towards IRAS and ACRA.
  • Companies that do not have in-house accountants to manage their accounts.
  • Business Owners who are not familiar with bookkeeping and tax matters.

FAQs

Why do I need accounting services?

Accounting services are crucial for small businesses in Singapore to maintain accurate records, comply with IRAS and ACRA, and improve decision-making. By outsourcing to small business accountants, you free up time for business operations while staying on top of finances.

How to outsource accounting services in Singapore?

To outsource, first decide what you need, like bookkeeping or tax compliance. Then, look for reputable firms, check their credentials, and make sure their accounting services for small business Singapore match your needs.

Outsource Your Accounting and Focus on Growth

 Let small business accountants handle the details while you grow your business. Contact us today for a quote on affordable SME accounting services.

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