Our accounting plans start at S$700 a quarter for up to 30 transactions a month. Each plan includes set-up and onboarding, bank reconciliation and quarterly profit and loss statements and balance sheets, so you always know where the company stands and year-end work is straightforward.
Plans and pricing
| Plan | Fee | Suits |
|---|---|---|
| Starter | S$700, billed quarterly | Up to 30 transactions a month, 1 bank account, single currency. Clean records with a simple structure. |
| Standard | S$1,100, billed quarterly | Up to 75 transactions a month, up to 3 bank accounts. Supports loans, hire purchase and IFRS 16 leases. |
| Custom | Quote | More than 75 transactions a month, multi-currency or more complex businesses. |
GST-registered companies add GST work from S$300 a quarter. Multi-currency books add 25%. A transaction is one line on a bank or credit card statement; each payroll run and each transfer between the company’s own accounts counts as one.
What every plan includes
- set-up and onboarding, including your chart of accounts
- recording of bank and card transactions
- monthly bank reconciliation
- quarterly profit and loss statement and balance sheet
- a clear list of missing documents, so year-end is not a scramble
Your legal record-keeping duties
Under the Companies Act 1967, a company must keep accounting records that explain its transactions and financial position and allow true and fair financial statements to be prepared. Records must generally be kept for five years. IRAS also expects records to support every figure in the tax return.
Year-end work
At year-end we prepare unaudited financial statements and the XBRL file for ACRA, and the corporate tax computation for IRAS. Find out whether your company needs an audit with our audit exemption checker.
Frequently asked questions
Can you take over books that are behind?
Yes. Tell us how many months are outstanding and we will quote catch-up work before moving you onto a plan.
Do I need accounting software?
Clients can use Raffles Books in Raffles Suite as it rolls out, or keep their existing cloud software. We will advise on what suits your volume.
More guides: accounting hub, including when to stop doing your own books.
Talk to our team
For help with accounting and bookkeeping, email [email protected] or WhatsApp us at +65 8501 7133. Our office is at 151 Chin Swee Road, Manhattan House, #02-04A, Singapore 169876, open Monday to Friday, 10am to 6pm.