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    Accounting Services in Singapore

    Company Accounting Services in Singapore

    Your trusted fractional finance team

    The logical choice for SMEs with less than 200 employees who want accurate accounting done on time, without the stress and cost of hiring new employees.

    Xero fees included​
    Human account manager
    30 minutes response time – call/text​

    Tax management, regular updates, and cost accounting are crucial for small to medium-sized business owners in Singapore. Accounting for growing businesses is notoriously difficult. Owing to the low level of understanding of accounting concepts and rules among company owners, it is difficult to choose a suitable accounting firm in Singapore. 

    This is why owners put their time into bookkeeping and accounting. The time that the founders spend on accounting could be better spent on the development of the firm. Furthermore, incorrect accounting standard knowledge can put businesses at risk for noncompliance and regulatory violation, which carries with it substantial fines. In this regard, it is important to outsource bookkeeping to one of the best Singapore accounting services

    Choose PikoHANA, a top-notch choice of accounting services in Singapore for SME owners. Allow us to help you save money and time and avoid legal trouble caused by improper accounting practices. With our exceptional, timely, and supported accounting services for small business Singapore, businesses can focus on running their company without worries. With over two decades of experience, our highly skilled and enthusiastic accounting managers can take care of all accounting and bookkeeping duties required by the law.

    Best & Professional Accounting Services in Singapore

    • Why do Companies Need Accounting Services in Singapore?

    Accounting is a crucial aspect of every functioning SME organization. No company can function or provide its services without well-kept accountants, since accounting is a legal requirement for all businesses based in Singapore. Accounting, reviewing, tax preparation services, bookkeeping, and consulting are just a few of the many Singapore accounting services provided by almost every accounting company in Singapore.

    Businesses in Singapore need accounting services for various reasons. These reasons include:

    1. Keeping up with tax regulations

    To file tax returns compliant with tax regulations in Singapore, companies of all sizes need the assistance of professional and experienced accounting services in Singapore.

    1. Analyzing the Finances

    Financial analysis is crucial to the health of any business. Accounting is critical to the success of any company strategy. As professional accounting services for small business Singapore, PikoHANA plans to provide exemptional financial insights into your accounts to strategize accordingly. 

    1. Design an Effective company structure

    The field of accounting entails much more than simple money management. It goes much beyond that. Insights into your account from PikoHANA can help you choose if a corporation, partnership, or limited liability company is the right legal framework for your business.

    1. Use the right bookkeeping software

    The use of accounting software to keep financial records will prove to be a need for every business in Singapore. If you don’t have an expert accounting company in Singapore looking out for you, you can wind up with fraudulent software that causes accuracy and legality problems. 

    1. Manage expenses 

    Keeping tabs on your company’s financial transactions necessitates accounting services in Singapore. You’ll need to spend money and generate cash for the growth of your business. It’s easy to become confused about what happened during certain transactions if you don’t keep accurate records.

    • What you need to know about accounting in Singapore?

    Singapore’s financial reporting guidelines, known as the Singapore Financial Reporting Standards (SFRS), are modeled after the International Financial Reporting Standards (IFRS). One of the foundations of Singaporean accounting rules is the use of an accrual basis for financial reporting, which is used in the production of financial statements. 

    All outcomes of transactions and other activities are documented in the financial statements and reflected in the accounting statements during the application, as soon as possible after they occur. In all, there are around 41 separate standards that make up Singapore’s canon of accounting practices.

    Small and medium-sized enterprises (SMEs) are the backbone of Singapore’s business community, as they are in many other nations. Accounting rules are growing more sophisticated to keep up with an increasingly dynamic and demanding global economy. This makes it harder for small firms to be certain that they are following the rules. Small and medium-sized enterprises (SMEs) sometimes struggle to comply with the complete SFRS since doing so would be too costly. This makes the need to outsource accounting services Singapore a convenient and cost-effective solution. 

    • Accounting Services in Singapore offered by PikoHANA?

    If your SME is an organization with 200 employees or less and in the need of accurate Singapore accounting services, PikoHANA is the dependable fractional finance partner you are looking for. Starting at only 249 SGD a month, you can select from one of three plans designed with your requirements and budget in mind.

    • Basic: Includes accounting needs for as little as 20 monthly transactions, making it a great value for small businesses. The plan provides for a specialized account manager backed by cutting-edge technology to assist with completing yearly company tax returns and a quarterly financial data review.
    • Growth: Rapidly expanding businesses with 50 monthly transactions or less should consider this plan. In addition to the benefits of the basic subscription, this bundle offers monthly assessments and exclusive access for two persons to real-time business intelligence data.
    • Enterprise: This package is ideal for large, established companies that process more than 50 transactions each month. PikoHANA provides real-time access to business intelligence data for three users and unique CFO advising, in addition to the capabilities included in the Growth Plan.

    PikoHANA experts provide 14 different accounting services in Singapore:

    1. Quarterly GST Returns
    2. Corporate Secretarial Services
    3. Payment Processing
    4. Customer Invoicing
    5. Payroll & Employee Expense Reporting
    6. Nominee Director Services
    7. ECI Tax Preparation
    8. Registered Address
    9. Software Fees
    10. Incorporation & Bank Account Opening
    11. Preparation of Audited FRS Report
    12. Management Of Statutory Financial Audit
    13. Due Diligence Support & Advisory Services
    14. Historical Cleanup
    • Benefits of outsourcing accounting services Singapore

    Outsource accounting services in Singapore with PikoHANA to relieve yourself of a load of bookkeeping and focus on your business growth. We provide you with a variety of additional advantages, including the following:

    • You can pay attention to company expansion and revenue growth rather than accounting and other unimportant costs.
    • We free the time and effort required for hiring accounting staff and conducting background checks.
    • We will save you money by charging a small portion of what you would spend on internal accounting services. 
    • We keep your financial records organized and compliant with the current accounting standards and regulatory directives so you don’t pay fines and penalties.
    • Partnering with an experienced accounting company in Singapore can help you to protect your financial information and reduce the likelihood of theft.

     

    • Switching to PikoHANA’s Accounting Services in Singapore

    Find a reliable and all-inclusive service provider to outsource your accounting requirements with PikoHANA. We function without regular intervention from your end, allowing you more time to concentrate on running your company. With PikoHANA’s comprehensive solutions, which make use of cutting-edge cloud technology, businesses of any size can make the transition to paperless accounting. With over 20 years of experience in our pocket, we lead the Singapore accounting services to give you affordable and convenient solutions to your accounting needs.

    • How we can help with outsourced accounting services?

    If your business is in a pivotal period of growth, you will find that outsourcing your accounting responsibilities to a dependable accounting firm in Singapore is the best course of action. It’s easy, helps you save money and time, and gives you access to people with the skills to handle the job. With PikoHANA, you can be certain that the highest quality work will be completed following all applicable laws and regulations. PikoHANA provides an interactive platform with instantaneous access to all of your financial information, empowering you to make critical decisions to structure your future growth. 

    • Why Choose PikoHANA as Your Accounting Firm in Singapore?

    We recommend you hire PikoHANA’s fractional finance team to help you maximize your profits and minimize your tax liability. PikoHANA is a leading accounting services provider Singapore. The professionals at PikoHANA have extensive experience serving a diverse set of industries in many different countries. 

    We provide cost-effective modules and related services that can help your business grow with convenience and flexibility. With our adaptable contract terms, you can outsource certain accounting tasks while keeping others in-house to best suit the needs of your business. Be assured that your confidentiality and security are never at risk at PikoHANA. We include the top data security measures in your plans. 

    Contact us immediately or set up a meeting with us and we’ll get back to you right away.

    Who are we?

    Pikohana offers a one-stop solution to all your specialized accounting needs. Our team of certified public accountants has assisted over 200 companies worldwide with trusted, reliable, and uninterrupted accounting services.

    At Pikohana, we work as partners with your firm, providing digital accounting solutions that are purposely designed to assist growing organizations. Our outsourced accounting services are fine tuned for global accounting procedures and take away the time, cost, and effort eating up your internal resources. We have comprehensive experience in working with both large and small organizations with specialist help available for every tier.

    Our core team epitomises the accounting principles of reliability, continuity, and stability, and has remained unchanged since our firm’s inception in 2012. Since outsourcing accounting services means trusting a third-party with confidential information, we also have the latest digital measure in place for data security and protection.

    Why choose us?

    Accounting service providers are selected based on their track record as a reliable, full-service solution, and we do just that for all our clients. Here are the reasons why Pikohana works best for all your accounting needs,

    • We work without needing repeated interventions from your end
    • We are experienced in delivering business services to various industries across jurisdictions
    • We have the latest and greatest data protection technologies in place and we never compromise with your privacy and security
    • Our competitive pricing modules and complimentary services add maximum value to your business
    • Our flexible contract policies allows you to create customized bouquet of accounting services as per your business needs, for e.g., you can choose to outsource select tasks and keep the core bookkeeping in-house or vice versa

    Select Currency Denomination for Accounting Services

    specialized accounting firm

    Benefits of working with a specialized accounting firm:

    • Get the best accounting resources at a fraction of what your in-house accounting service would cost in Singapore
    • Eliminate time and effort required for hiring and background check of accounting resources in Singapore
    • Direct your focus on generating more revenue instead of worrying about bookkeeping and sundry expenses in Singapore
    • Safeguard your financial data and reduce the risk of fraud experienced accounting professionals who know every trick in the book in Singapore
    • Keep your financials organized and in compliance with the latest accounting laws and government directives in Singapore

    What we offer?

    Our end-to-end solutions include the best cloud technologies, offering 100 percent paperless accounting for businesses of all shapes and sizes. Furthermore, our user platform gives you easy oversight over all your finances, speeding up critical decision making procedures.

    • $100 per month

    Includes:

    • Accounting for all GST transactions monthly
    • Preparation of quarterly GST return
    • Filing of quarterly GST return
    • $150 per month

    Includes: 

    • Corporate secretarial, incl. named secretary
    • Registered office address
    • Provision of four (i.e., quarterly) director’s resolutions and minutes of the meeting per annum, noting that resolutions outside the normal course of business, such as rights issuances, share offerings, etc. will be charged for separately
    • Maintenance of company files with respect to the articles of association, copies of resolutions, official registrations, copies of annual accounts
    • Preparation and submission of the annual return & filing
    • Preparation and submission of the filing to ACRA
    • Convene the AGM as stipulated by the company’s constitution or M&A
    • Includes XBRL filing (usually a separate charge of $600 by most service providers)
    • $50 per month (for every block of 10 payments)

    Details:

    • We only prepare payments after seeking approval from the company’s authorized person(s)
    • The company will be responsible for the final review and approval of payments
    • $100 per month (for every block of 10 payments)

    Details:

    • Drafting of client invoices
      – Revenue recognition
      – Distribution of client invoices via email

    Please note that we will only send invoices to your clients via email from our invoicing system after seeking approval from the company’s authorized person(s)

    • PikoHANA is not responsible for
      follow-up calls or chasing payments.
    • $25 per month per employee

    Details:

    • Payroll support for active employees &
      contractors
    • Filing payroll reports with government agencies
    • Issuance of pay slips to employees
    • Leave administration (i.e., not approval)
    • Employee & contractor expense reporting based on single approver
    • Inclusive of payroll & expense reporting system fees

    Please note this does not include payment processing, which is covered by Option #1 above

    • $250 per month

    Details:

    • This is a statutory requirement for a Company to have a minimum of one director who is an ordinary resident in Singapore.
    • Subject to signing standard indemnification agreement
    • $350 per filing (once a year)

    Details:

    • All companies, including new companies, are required to file the ECI within three months from the end of their financial year.
    • Your company does not need to file the ECI if it meets the following criteria:
      • Annual revenue is not more than $5 million for the financial year; and ECI is NIL for the YA.
    • So, if your company is profitable, then you must file the ECI no matter what your revenue is.
    • Included in Corporate Secretarial Services.

    Included in each monthly package (ie Xero, Talenox).

    • $1000

    Details: 

    • Incorporation as a Singapore Private Limited company
    • Account opening with Aspire
    • Excludes government fees of $500
    • $1500

    Details: 

    • One-time fee of $1,500 covering one company. $500
      will be charged for each additional company in the
      group.
    • $2500

    Details: 

    • Audit support, including:
      • Liaising with auditors and responding to
        various audit inquiries.
      • Providing auditors with access to
        financial records and supporting
        documentation; and
      • Coordination of documentation to
        formalize the audit report.

    $250 – $550 per hour depending on the project

    Customised quote based on transaction volume. Starting at $500

    Serving 200+ companies worldwide

    Accounting firm

    Frequently Asked Questions

    PikoHANA offers 14 different accounting services for small business Singapore:

    1. Quarterly GST Returns
    2. Corporate Secretarial Services
    3. Payment Processing
    4. Customer Invoicing
    5. Payroll & Employee Expense Reporting
    6. Nominee Director Services
    7. ECI Tax Preparation
    8. Registered Address
    9. Software Fees
    10. Incorporation & Bank Account Opening
    11. Preparation of Audited FRS Report
    12. Management Of Statutory Financial Audit
    13. Due Diligence Support & Advisory Services
    14. Historical Cleanup

    One of the foundations of Singaporean accounting rules is the use of an accrual basis for financial reporting, which is used in the production of financial statements. 

    You can outsource accounting services in Singapore with PikoHANA by simply leaving us a message on our website. You can choose to be contacted via phone or email.

    When you outsource your accounting needs to a professional accounting firm in Singapore, you get the benefits of their experience, efficiency, and affordable prices. When working with an outsourced accounting company, you can be certain that your results will be accurate and that you won’t run into any compliance or regulatory issues.

    Providers of accounting services are selected based on their proven track records as a trusted, one-stop solution for all accounting requirements.

    Services provided by a Singapore accounting company can include but are not limited to the following: bookkeeping, accounting, auditing, tax planning and preparation, consulting services, and special advisory services.

    When searching for an accounting service in Singapore, it’s important to consider the firm’s experience, pricing, cost-effectiveness, service offerings, and credentials.

    Accounting service fees depend on the type of services you are choosing for your company. Usually, a company pays separate service charges for bookkeeping and accounting. With PikoHANA, users can avail of a full range of services at just 249 SGD a month.

    Outsourcing accounting services in Singapore to free yourself from the burden of bookkeeping and reap many other benefits, such as the following:

    • You can pay attention to company expansion and revenue growth rather than accounting and other unimportant costs.
    • We free the time and effort required for hiring accounting staff and conducting background checks.
    • We will save you money by charging a small portion of what you would spend on internal accounting services. 
    • We keep your financial records organized and compliant with the current accounting standards and regulatory directives so you don’t pay fines and penalties.

    Partnering with an experienced accounting company in Singapore can help you to protect your financial information and reduce the likelihood of theft.

    The Singapore Financial Reporting Standards (SFRS) are the standards for submitting accounting reports in Singapore. An estimated 41 individual standards in SFRS.

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