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Accounting & Bookkeeping Services in Singapore

At Margin Wheeler, our team of qualified accountants and chartered professionals brings over a decade of experience helping businesses in Singapore stay compliant with ACRA and IRAS regulations. We have successfully prepared and filed annual accounts for thousands of local and foreign-owned companies, giving us the practical expertise to anticipate common challenges and provide cost-efficient solutions.

In line with the Singapore Companies Act, every registered company is required to maintain proper books of accounts. By outsourcing your accounting and bookkeeping to us, you gain a trusted ACRA-registered filing agent who ensures accuracy, timeliness, and complete compliance so you can focus on growing your business with confidence.

Streamlined Accounting Services You Can Rely On

Partnering with Margin Wheeler for your accounting and bookkeeping means more than just meeting compliance requirements. Our services are designed to give you clarity, control, and confidence over your company’s financial health:

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Professional Services

Our professional accounting services are tailored to meet your recurring needs, whether on a monthly, quarterly, or annual basis.

Full Set of Accounting

A full set of accounts includes financial statements, profit and loss accounts, balance sheets, bank reconciliations, and trade debtor and creditor listings.

Investigations

With our expertise, we thoroughly examine your accounting, uncover discrepancies, and ensure accuracy and integrity.

Financial Statements

We provide financial statement preparation for various business levels and handle GST calculation and submission if applicable.

Information Required for Our Accounting Service

To deliver the highest accuracy and reliability in your accounts, our accountants will request supporting documents that reflect your company’s financial activity. Providing these records ensures that your submissions meet Singapore Companies Act standards and satisfy both ACRA and IRAS:

Invoices

  • Sales Invoices (including unpaid) or Sales Report (with details)
  • Supplier Invoices (including unpaid) or Expenses Report (with details)
  • Delivery Order/Bill or Lading/Service Report (if applicable)
  • Expenses & Receipts

Bank

  • Bank Statements with transaction details
  • Cheque Stubs
  • Cash Deposit bank-in slips

Invoices

  • Petty Cash & Payment Vouchers
  • Salary Vouchers and/or Payroll Summary
    (including casual labour, cleaners & part-timers)
  • CPF Statements & Foreign Worker Levies
    (if applicable)

Contracts

  • Hire Purchase Agreement
  • Tenancy Agreement
  • Subcontractor Listing
  • Commission Paid

Let our experts handle the compilation of your
yearly accounts for submission to ACRA and IRAS.

Choose the Right Accounting Solution for Your Business

Monthly Accounting

Starts from S$100 per month

Quarterly Accounting

Starts from S$270 per quarter

Yearly Accounting

Starts from S$200 per year

Upon engagement of our service, we can arrange for a courier to collect the documents from you absolutely free-of-charge!

Request a Call

Required Documents For Companies Past Financial Year

For companies beyond their initial financial year, the following documents are necessary for our review and processing:

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  • Previous Year Financial Statements (Unaudited / Audited)
  • Previous Year Profit and Loss, Balance Sheet, General Ledger, Trial Balance, Debtor Aging Listing (Detailed), Creditor Aging Listing (Detailed) and Bank Reconciliations
  • Previous Year Fixed Assets Schedule, Accrual Schedule, Prepayment Schedule, Deposit Schedule, Work-In-Progress (WIP) Schedule, Hire Purchase Schedule and Loan Schedule

Upon engagement of our service, we can arrange for a courier to collect the documents from you absolutely free-of-charge!

Accounting Services Calculator

Enter your number of transactions per month (on average) to calculate your cost of accounting service.

Financial Report and Tax Computation Service Calculator

Enter the number of transactions per year to calculate your accounting service cost.

*Fees exclude out-of-pocket expenses (S$30) and disbursement for Filing of Annual Returns (S$60)

The fees are a guideline and may differ from final quoted fee. Final fee will also depend on neatness, supporting documents, deadline and total man hours utilised.

Prefer Onsite Accounting Services Instead?

Some businesses prefer their accounting done in-person — at their office.

We offer onsite accounting services for companies that require physical document handling, face-to-face support, or hands-on reconciliation.

  • Available for the whole of Singapore
  • Half-day and full-day arrangements available
  • Includes document collection, sorting & entry

This service is custom-quoted and not included in the online calculator above. Please fill out the form below and our team will get back to you.

Frequently Asked Questions

Why is accounting important for businesses in Singapore?

Accounting helps businesses maintain accurate financial records, comply with IRAS tax regulations, and make informed financial decisions. It also ensures that you are ready for audits and corporate tax filings.

What documents are typically needed for accounting in Singapore?

Common documents include bank statements, sales invoices, purchase receipts, payroll records, expense claims, and loan agreements. Keeping these organised helps streamline the accounting process.

How often should accounting be done?
Ideally, accounting should be done on a monthly basis to ensure your records are accurate and up-to-date. This also helps you detect and address any issues early.
Can accounting services help with GST filing in Singapore?
Yes. Many accounting service providers also assist with GST registration, quarterly GST filing, and ensuring that your business stays compliant with GST regulations.
What is considered a full set of accounts under Singapore law?
A full set includes financial statements, profit & loss statement, balance sheet, bank reconciliations, and a trade debtor/creditor listing, which are required for ACRA and IRAS compliance.
What does it mean for my company to be dormant in Singapore?
A company is “dormant” when it has no accounting transactions during a financial period. Even if dormant, basic accounts must still be prepared for compliance with ACRA and IRAS.
What documents are required for accounting services?
Typical documents include sales and supplier invoices, bank statements, payroll records, CPF contribution statements, tenancy agreements, and expense receipts.
Do you offer onsite accounting services in Singapore?
Yes. Onsite services can be arranged for document handling, sorting, and reconciliation, available as half-day or full-day support.
How are accounting service fees calculated?
Fees are usually based on the number of monthly transactions, frequency of reporting, and complexity of your records. Neat documentation and timely submissions can help reduce costs.
What happens if I miss filing my annual accounts or statements?
Late or missed filings may result in penalties from ACRA and IRAS. Professional accounting support helps ensure deadlines are met and fines are avoided.
Can you assist with GST registration and filing?
Yes, we can assist you with GST registration. Please contact our team for further information.