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Accounting Services

Precision in Every Transaction, Insight in Every Number

Welcome to PikoHANA, where we bring precision, transparency, and efficiency to your accounting needs. Our Accounting Services are designed to deliver accurate financial insights, enabling you to make informed decisions and achieve your business goals.

Our Services

We offer a wide range of accounting services tailored to meet the specific needs of your business:
Bookkeeping
Our bookkeeping services ensure your financial records are accurate and current.
Financial Reporting
Access detailed financial reports, including income statements, balance sheets, and cash flow statements.
Tax Preparation
We handle all aspects of tax preparation, from calculating your tax liability to filing returns.
Expense Management
Identify cost-saving opportunities and manage your expenses more effectively.
Payroll Services
Ensure timely and accurate payroll processing for your employees.

Why Choose Us for Accounting Services?

Expertise: Our team of experienced accountants deeply understands accounting principles and regulations. Technology-driven: We leverage the latest accounting software to streamline processes and enhance accuracy. Customized Solutions: Our services are tailored to your unique business needs and goals. Compliance: Stay compliant with all financial regulations and tax laws. Responsiveness: We respond to client requests within 30 minutes or less.

Start-Up

SGD$249/month

Non-consolidated, based on max. 20 manual journals & reconciled transactions per month (incl. outgoing & incoming). If exceeded, blocks of 10 bank transactions can be purchased at $100 monthly.

Growth

SGD$449/month
Based on max. 40 manual journals & reconciled transactions per month (incl. outgoing & incoming). If exceeded, blocks of 10 bank transactions can be purchased at $80 monthly.

Enterprise

From SGD$649/month
Based on max. 100 manual journals & reconciled transactions per month (incl. outgoing & incoming). If exceeded, blocks of 10 bank transactions can be purchased at $50 per month.

Compare the Plans:

Start-Up

Non-consolidated, based on 20 manual journals & reconciled transactions per month (incl. outgoing & incoming)

If exceeded, blocks of 10 bank transactions can be purchased at $100

Single-currency accounting system support

Quarterly financial review with your AM & support team

Growth

Based on 40 manual journals & reconciled transactions per month (incl. outgoing & incoming)

If exceeded, blocks of 10 bank transactions can be purchased at $80

Multi-currency accounting system support

2 users’ access to real-time business intelligence via PikoHANA’s dashboard reporting system, AO

Monthly Finance Review

Enterprise

Based on max. 100 manual journals & reconciled transactions per month (incl. outgoing & incoming)

If exceeded, blocks of 10 bank transactions can be purchased at $50 per month.

Multi-Currency Accounting System Support

3 users’ access to real-time business intelligence via PikoHANA’s dashboard reporting system, AO

Monthly Finance Review

CFO Advisory

Compare the Plans:

Start-UpGrowthEnterprise

Accounting & Reporting Services

Monthly Reconciliation of bank Statements

Preparation of Unaudited FRS Reporting for One Company

Tax Support: Preparation and Submission of Annual Tax Return (Non-Consolidated)

Multi-Currency Accounting System Support

Quarterly Financial Review with your AM & Support Team

Monthly Financial Review with your AM & Support Team

2 User Access to Real-Time Business Intelligence via PikoHANA’s Dashboard Reporting System, AO
3 User Access to Real-Time Business Intelligence via PikoHANA’s Dashboard Reporting System, AO
CFO Advisory

Transform Your Financial Operations

Elevate your financial operations with PikoHANA. Our Accounting Services provide the foundation for informed decision-making, cost control, and sustainable growth. Contact us today to discuss how we can enhance your financial management.

Additional Services We Offer

Quarterly GST Returns
$100 per month

Accounting for all GST transactions monthly
Preparation of quarterly GST return
Filing of quarterly GST return
Corporate Secretarial Services

a) Basic Corporate Secretarial Services:

Flat monthly fee: $50

Corporate secretarial services, including a named secretary
Provision of four (quarterly) director’s resolutions and minutes of the meeting per annum (Note: Resolutions outside the ordinary course of business will be charged separately)
Maintenance of company files, including articles of association, copies of resolutions, official registrations, and annual accounts
Preparation and submission of the annual return and filing
Preparation and submission of filing to ACRA (Accounting and Corporate Regulatory Authority)
Convening the Annual General Meeting (AGM) as required by the company’s constitution or M&A (Memorandum and Articles of Association)
Pricing covers up to 5 shareholders and 1 entity.Note: Share issuance or transactions outside the scope of services will be charged separately. Government filing fees are not included

b) Registered Office Address & Mail Handling:

Flat monthly fee: $50

Provides a registered office address and mail handling service
Mail processing for up to 20 pieces of mail per month
Limited to correspondence from the company’s bank and Singapore Government Agencies

c) XBRL Annual Charge:

One-time fee: $600

XBRL report preparation and filing
All companies, including dormant companies, must file XBRL financial statements per ACRA’s filing requirements

Please note that the above mentioned fees do not include government filing fees, disbursements, out-of-pocket expenses, or third-party charges. Additionally, these fees are subject to PikoHANA’s standard payment terms and discounts, as described in the provided overview.

For further details or to request specific services, contact PikoHANA’s sales team at sales@pikohana.com or schedule a consultation call.

Payment Processing
$50 per month (for every block of 10 payments)

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
Customer Invoicing
$100 per month (for every block of 10 payments)

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 forfollow-up calls or chasing payments
Payroll & Employee Expense Reporting
$25 per month (per employee)

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
Nominee Director Services
$250 per month

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
ECI Tax Preparation
$350 per filing (once a year)

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.
Incorporation & Bank Account Opening
$1000 once off

Incorporation as a Singapore Private Limited company
Account opening with Aspire

Excludes government fees of $500
Preparation of Audited FRS Report
$1500

One-time fee of $1,500 covering one company. $500 will be charged for each additional company in the group.
Management Of Statutory Financial Audit
$2500 once off

Audit Support, including:

Liaising with auditors and responding to various audit inquiries
Providing auditors with access to financial records and supporting documentation
Coordination of documentation to formalize the audit report
Due Diligence Support & Advisory Services
$250 – $550 per hour Project Dependent
Historical Cleanup
Starting at $500

Customised quote based on transaction volume

Accounting Services FAQ

How do I know which plan is right?

When you book a demo, our team will ask you questions about your current setup and recommend the plan that best fits your organisation.

How does PikoHANA do my accounts and taxes?

After the onboarding process, our team will set a regular schedule to work on your account. We will connect to your systems so that we can work in the background while you focus on your business.

Does PikoHANA use outsourced contractors?

No, we have a team of full-time employees in Malaysia and Singapore who only work for us. Our turnover is very low – we really enjoy long term relationships! That applies to employees, partners and clients. 

What type of company is this right for?

PikoHANA serves hundreds of companies across 12+ different industries including fintech, SaaS, B2B companies. Most are regional teams or remote companies, but that’s not a requirement for us. 

What are accounting services?

Accounting services are an integral part of modern business operations. They provide a comprehensive suite of financial services, ranging from bookkeeping and financial reporting to budgeting, taxes, cashflow management, and more. All of these services are designed to help businesses gain insight into their finances, improve efficiency in their operations, and promote overall financial wellness. Through the use of modern accounting software solutions, businesses can obtain real-time visibility into the health of their business and make informed decisions about how best to manage it. Providing such robust accounting services is essential for any business looking to achieve success.

What are outsourcing accounting services?

Outsourcing accounting services is a cost-effective way for businesses to gain access to skilled financial professionals without the overhead costs associated with an in-house team. By outsourcing certain tasks, such as accounts payable, accounts receivable and reporting, businesses can streamline their core operations and benefit from accurate and timely financial results. Outsourced services typically include bookkeeping, tax compliance, budget planning, payroll processing, review of financial statements and other industry specific functions. In addition to a cost savings approach, outsourcing accounting services can bring new perspectives or insights that are or have been missing within the organization.

What services are provided by accounting firms?

Accounting firms provide vital services to businesses, governments and individuals. From offering the highest level of expertise and insight in business financial management and performance analysis, to helping clients face tax season issues with solutions that are reliable and efficient, accounting firms are a crucial resource. They offer an extensive range of services such as business startup advice, payroll processing and tax returns preparation among many others, ensuring that their clients stay up to date with the fast-changing regulations. In addition, accounting professionals have knowledge in technological advances across various software platforms for bookkeeping tasks and can even customize solutions for their client’s unique situation so that they can experience financial success when it matters most.

Why is corporate accounting necessary?

Corporate accounting is a vital part of any business. It helps businesses keep track of their finances, measure performance, and make important decisions. Without proper accounting, businesses would be unable to calculate taxes, assess current situations, and plan for the future. Knowing where money is coming in and going out of an organization empowers them to maximize profits and take advantage of opportunities. Additionally, corporate accounting helps identify potential risks before they happen so that companies can take corrective measures quickly. Ultimately, corporate accounting is necessary for companies to stay afloat and remain successful in this ever-changing market.

Is it safe to outsource my accounting services?

For many businesses, outsourcing accounting services is a great way to save on overheads while still gaining valuable expertise. However, it is important to take the necessary steps to ensure that any outsourced accounting firm you choose is trustworthy and reliable so that your business’ sensitive financial information remains secure. Make sure to identify the provider’s reputation in the accounting industry, read up on customer reviews and research their security protocols. As long as you are comfortable with the answers to these questions, there should be no issue with outsourcing your accounting services as long as you also maintain internal oversight and control of this process.

How can I select an accounting firm for my company?

When selecting an accounting firm for your business, there are several factors to consider. Firstly, the size and reach of the firm—a larger, nationally renowned firm may be a good choice if you envision your company expanding rapidly in the future. Alternatively, a smaller, local accounting firm may provide better customer service and result in more personal connections with the team managing your accounts. It is also important to review their qualifications and expertise: ask if they specialize in specific areas such as cash flow management or tax advice, or if they’re registered public accountants or licensed professionals? In addition, carefully evaluate their fees, services and turnaround times to ensure that all expectations are clearly outlined and mutually agreed upon. By carefully researching available firms and taking into account all of these factors, you can confidently select one that aligns with the long-term goals of your company.

Why do people choose outsourced accounting services?

Outsourcing accounting services has become increasingly popular in recent years, as businesses strive to maximize efficiency and profits. It saves costs on employing full-time staff and provides an experienced workforce that understands the complexities of bookkeeping and tax laws. Additionally, outsourced accounting services can offer real-time financial data analysis by leveraging cutting-edge technology, often at a fraction of what it would cost to build or maintain these systems in-house. 

By using the services of a specialized firm, businesses benefit from expert advice with quicker turnaround times. Furthermore, companies are able to access resources not available with internal team members, such as international tax treaties or financial investments. All told, outsourcing accounting can drastically reduce the strain on limited resources while providing accountable solutions, allowing companies to efficiently manage their finances and focus on meeting their objectives.

Can I switch from another accounting firm to PikoHANA?

If you’re looking to switch from your current accounting firm to PikoHANA, the transition couldn’t be easier. Not only are there dedicated teams for onboarding and ongoing support, but we also offer a wide range of accounting services and modern cloud-based software tools that make it simple to manage all your finances in one place. Plus, you can rest assured knowing that our experienced professionals have a deep understanding of the latest tax laws and regulations so you can remain compliant while maximizing your financial position. Switching from another accounting firm doesn’t have to be a stressful process – with PikoHANA’s comprehensive suite of services, you’ll be set up for success in no time.

What are the advantages of outsourcing accounting services?

Outsourcing accounting services can be an advantageous decision for businesses of all sizes. Having access to an experienced team of accounting professionals can save investments in terms of time and money. Companies can benefit from being supported by a reliable and cost-effective external partner who provides expertise on both every day and complex tasks. 

Additionally, outsourcing accounting services allows companies to focus on their core business while the external company handles all administrative responsibilities including preparing financial statements, handling payrolls, auditing account books, and consulting on financial management. All these benefits make outsourcing an attractive solution for businesses that are looking to make back-end operations efficient without investing heavily in full-time employees.