Why Outsource Accounting Services?

Outsourcing accounting services allows small businesses in Singapore to streamline financial management while focusing on core operations. By engaging professional accountants, you can ensure compliance with local regulations, reduce costs, and gain expert insights for business growth.

Group of business people working with laptop at meeting

Benefits of Outsourcing Accounting Services for Small Businesses

Cost Savings

Eliminate the need for an in-house accountant and only pay for services you need.

Expertise and Accuracy

Access certified accountants familiar with IRAS and ACRA regulations.

Time Efficiency

Free up valuable time to concentrate on expanding your business.

Scalability & Compliance

Scale your accounting needs as your business grows without additional hiring. Stay updated with Singapore’s financial regulations and avoid penalties.

What Services Can You Outsource?

Bookkeeping & Company Secretarial Services

Accurate recording of daily transactions, cash flow tracking, and maintaining financial health. Annual return filing, AGM documentation, and compliance with ACRA.

Tax Compliance

Preparation and filing of GST returns, corporate tax, and Estimated Chargeable Income (ECI).

Financial Reporting

Monthly, quarterly, and annual financial statements for better decision-making.

Payroll Management

Calculation of salaries, CPF contributions, and leave entitlements.

Why Choose SG Biz Works for Outsourcing Accounting?

Experienced Professionals

Our team has years of experience handling accounting functions for SMEs in Singapore.

Affordable Packages & Compliance-First Approach

Tailored solutions starting from as low as S$650 to meet small business budgets. We ensure your business adheres to all tax and regulatory requirements.

Cutting-Edge Tools

We use industry-standard accounting software like Xero, QuickBooks, and MYOB for efficient and secure financial management.

Customised Support

Our services are flexible and designed to fit the unique needs of your business.

In-House Accounting Vs. Outsourced Accounting

 

Feature In-House Accounting Outsourced Accounting
 Cost       
High (salaries, benefits)          Affordable, pay for what you need
 Expertise
 Limited to in-house skills Access to experienced professionals
 Flexibility
 Rigid, full-time requirement Scalable as your business grows
 Compliance Risk of errors              Ensure adherence to Singapore regulations
 Software
 Additional setup costs Included in service packages

How to Outsource Accounting Services in Singapore?

1. Identify Your Needs

Determine which accounting functions (e.g., bookkeeping, tax, payroll) you need to outsource.

2. Select a Trusted Provider

Look for experienced firms like SG Biz Works with a proven track record.

3. Define Expectations

Set clear goals and timelines with your outsourcing partner.

4. Provide Necessary Documentation

Share financial records and other relevant information to get started.

5. Monitor and Review

Regularly check progress and communicate any adjustments needed.

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.

What are outsourcing accounting services?

Outsourcing accounting services involve hiring an external provider to handle your accounting and bookkeeping tasks. For small businesses in Singapore, this is a cost-effective way to manage finances and stay compliant with local regulations.

How can outsourcing benefit small businesses?

Small businesses can save time and money, access professional expertise, and ensure compliance with IRAS and ACRA by outsourcing accounting functions.

What should I look for in an accounting service provider?

Ensure the provider is experienced in Singapore’s financial regulations, offers flexible packages, and uses reliable accounting software like Xero or QuickBooks.

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.

Get Started

Get A Quote