Accounting Pricing Guide

A transaction refers to any individual financial entry that needs to be recorded in your books. This includes sales invoices issued, purchase invoices received, payments made, receipts collected, bank transfers, and expense claims. As a general rule, if it moves money in or out of your business or creates an obligation to pay or receive, it counts as a transaction.

Year-end accounts cover the preparation of your financial statements, tax computation, and Form C or C-S filing with IRAS, and is required for all Singapore-incorporated companies including dormant ones. Ongoing accounting covers your bookkeeping throughout the year, including bank reconciliation, GST tracking, and quarterly GST return submissions, which is particularly important for GST-registered businesses. For most active companies, both are recommended as keeping your books clean throughout the year also makes the year-end process faster and more straightforward. If your company is dormant or has very minimal activity, year-end accounts alone may be sufficient.

All fees listed in this guide are in Singapore Dollars (SGD) and are quoted exclusive of the prevailing GST rate, which will be applied at the point of invoicing.

XBRL (eXtensible Business Reporting Language) is a structured digital format required by ACRA for submitting financial statements. Whether it applies to your company depends on your size. Most small companies meeting at least two of the following criteria are generally exempt from full XBRL filing: annual revenue below SGD 10 million, total assets below SGD 10 million, or fewer than 50 employees. Companies that do not qualify as small companies are required to file in XBRL format. Where applicable, the fee is SGD 300 for simplified filing or SGD 500 for full XBRL, and our team will advise which applies during the engagement.

Most SMEs with straightforward operations will fall under Tier 1 with no fee adjustment. Tier 2 (approximately +30%) typically comes into play when your accounts involve related-party transactions, intercompany dealings, or non-standard accounting treatments that require more professional judgement. Tier 3 (approximately +60%) generally applies to companies with group structures, significant audit-level scrutiny, or situations involving a higher degree of professional risk and oversight. Any applicable complexity adjustment will always be communicated and agreed upon with you before work begins.

Clean-up, reconstruction, or catch-up work is scoped and quoted separately from your standard accounting engagement. Our team will review the current state of your records and provide a clear scope of work before proceeding. Once your books are in order, the standard accounting service applies at the relevant rate based on your transaction volume.