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Accounting & Financial Reporting for Singapore SMEs

Accurate accounting records support sound reporting, tax compliance and better business decisions. Deltus provides bookkeeping, management accounts, unaudited financial statements, XBRL preparation and audit-support services according to the agreed scope.
We help clients keep their records organised, understand their financial performance and manage reporting responsibilities in a practical and timely manner.
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Who We Serve

  • Businesses without a full in-house accounting team.
  • Companies whose records are incomplete, delayed or difficult to interpret.
  • Management teams needing regular financial reports and cash-flow visibility.
  • Foreign-owned companies requiring Singapore accounting and reporting support.
  • Businesses changing accounting provider or preparing for audit, tax or annual filing.

Why Proper Accounting Records Matter

Singapore companies are required to maintain proper records of their financial transactions and retain relevant source documents, accounting records, schedules, bank statements and other business records for at least five years from the relevant Year of Assessment.
Well-maintained accounts also make tax filing, GST reporting where applicable, year-end financial statements and management decision-making more straightforward. Deltus helps businesses keep their accounting records organised and up to date based on complete and timely information provided by the client.

Our Core Accounting Services

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Bookkeeping & Periodic Accounting
  • Recording of sales, purchases, receipts, payments and other transactions based on the information provided.
  • Reconciliation of bank accounts, receivables, payables and other key balances at agreed intervals.
  • Services may be provided monthly, quarterly or annually, depending on your reporting needs and transaction volume.
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Management Reporting
  • Preparation of Profit & Loss and Balance Sheet reports at the agreed reporting frequency, together with supporting schedules where applicable.
  • Review of material movements, trends and variances to provide better visibility over financial performance and cash position.
  • Make decisions based on clear, structured financial data — not guesswork.
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Preparation of Unaudited Financial Statements
  • Preparation of annual unaudited financial statements based on the company’s accounting records and the applicable Singapore financial reporting requirements.
  • Includes Director’s Statement, Notes to accounts. XBRL preparation + filing support is available separately when needed.
  • Professionally presented reports ready for ACRA submission and stakeholder review.
What Can Affect Your Accounting Fee?
Quality of Records
Complete, organised and timely records generally require less clean-up and reconciliation.
Accounting Complexity
Inventory, multi-currencies, interco transactions or complex adjustments may require additional work.
Reporting Requirements
More frequent or customise reporting, additional schedules, mgmt analysis may affect the scope.
Urgency & deadline
Catch-up accounting, incomplete balances or tight deadlines may require separate work and fees.

Transaction-based accounting fees

The table below provides indicative accounting fees for straightforward Singapore SMEs with reasonably complete and timely records.

Average transactions per month
Monthly Accounting
Quarterly Accounting
1 to 10
From S$180/month
From S$430/quarter
11–30
From S$280/month
From S$700/quarter
31–50
From S$380/month
From S$1,030/quarter
51–80
From S$500/month
From S$1,350/quarter
81–100
From S$600/month
From S$1,620/quarter
101–150
From S$700/month
From S$1,890/quarter
151–200
From S$850/month
From S$2,300/quarter
201–250
From S$1,000/month
From S$2,700/quarter
251–300
From S$1,150/month
From S$3,100/quarter
Above 300
Quotation
Quotation
Standard Ongoing Accounting Scope
Subject to the package assumptions and agreed engagement, recurring accounting packages may include:
• Bookkeeping at the agreed frequency.• Bank reconciliation for the bank accounts within the agreed package assumption.• Month-end accounting adjustments and supporting schedules where applicable.• Profit & Loss and Balance Sheet reporting.• Annual unaudited financial statements.• Basic corporate income-tax computation.• ECI preparation and filing.• Form C-S or Form C-S (Lite) preparation and filing where the company qualifies.• Routine accounting queries within the agreed scope.
Where Form C is required, additional tax-compliance work may be separately quoted depending on the circumstances. Routine accounting queries relating to the agreed engagement scope are included. Advisory, tax-planning, investigation, restructuring and other non-routine matters are separately scoped.

Year-end work included in ongoing packages

Annual unaudited financial statements and basic corporate-tax compliance are included where Deltus has maintained the company’s accounting records for the relevant financial period under the agreed ongoing package.
Where a client joins partway through the financial year, transfers from another accountant, has incomplete opening balances, or requires prior-period or catch-up accounting, the additional work will be reviewed and quoted separately. Year-end-only accounting and tax work is priced based on annual transaction volume, record quality and filing requirements.
Don't Need Monthly or Quarterly Accounting? For lower-activity companies, Deltus also offers annual / year-end accounting based on total transactions for the financial year.

Annual / Year-End Accounting Package

Annual accounting is intended mainly for lower-activity companies. Businesses with higher transaction volumes, GST obligations or regular management-reporting needs may be better suited to monthly or quarterly accounting.

Total transactions per financial year
Deltus Annual / Year-End Package
Dormant / minimal activity
From S$500/year
1 to 20
From S$1,200/year
21–50
From S$1,400/year
51–100
From S$1,750/year
101–200
From S$2,000/year
201–300
From S$2,500/year
301–400
From S$3,000/year
401–500
From S$3,600/year
501–600
From S$4,200/year
601–700
From S$4,800/year
Above 700
Quotation
Annual / Year-End Accounting Package includes: • Annual bookkeeping and account preparation based on records supplied. • Bank reconciliation. • Annual unaudited financial statements. • ECI preparation and filing. • Basic corporate income-tax computation. • Form C-S / Form C-S (Lite) filing where the company qualifies. Annual / Year-End Accounting Package excludes: • XBRL • GST returns • Form C work • Historical reconstruction, incomplete records, complex accounting treatments and other non-routine matters are separately quoted.

XBRL preparation and filing

• Simplified XBRL — From S$300• Full XBRL — From S$500
The applicable filing format depends on the company’s type, size and ACRA filing requirements. Where XBRL is not required, no XBRL fee applies.

Changing Accounting Provider?

Changing accountants should not mean losing your accounting history. Deltus can review the available ledgers, trial balance, bank reconciliations, tax records, and supporting schedules and identify information needed to establish a clean opening position. Historical clean-up, reconstruction and unresolved balances are separately scoped where required.
Discuss an Accounting Takeover

Need help with accounting issues? Contact us for solutions.

Type Of Accounting Services

Frequently asked questions

What counts as a transaction?
For pricing purposes, transaction volume reflects the accounting activity requiring recording, review or reconciliation. Examples include sales invoices, supplier bills, receipts, payments, bank or credit-card transactions, expense claims and manual accounting entries. System-generated balancing entries and duplicate entries created solely by the accounting software are not separately counted. Where transaction volume fluctuates, Deltus may use a representative monthly average to determine the appropriate package. A temporary one-off increase in activity will not automatically change the package. Where transaction volume increases materially on a sustained basis, any revised fee will be discussed before being applied prospectively.
When additional complexity may affect the fee?
  • The published transaction-volume fees assume a straightforward Singapore SME with reasonably complete and timely records. Additional fees may apply where the engagement involves:

  • • group or consolidated accounts
  • • subsidiaries or significant overseas operations
  • • complex intercompany or related-party transactions
  • • multiple currencies requiring significant additional work
  • • inventory or complex cost accounting
  • • substantial director/shareholder loan activity
  • • unusual investments, digital assets or trading activity
  • • grant accounting or specialised accounting treatments
  • • extensive historical clean-up or reconstruction
  • • urgent or accelerated deadlines

  • Any material fee adjustment will be discussed before the additional work proceeds.
What financial documents should I prepare to facilitate a smooth bookkeeping process?
To begin your bookkeeping, we require the following documents:
• Sales & Purchases: All customer and supplier invoices/orders.• Expenses & Banking: All expense notes with receipts • Complete monthly bank statements for all bank accounts.• Internal Records: Payment vouchers, journal vouchers, and payroll summaries.• Asset & Liability Records: Tenancy agreements, fixed asset register, inventory list, and loan agreements, statements and amortisation schedules.• Control Reports: Debtor/creditor aging reports and a revenue/expense schedule for the period.
What is included and excluded from the Accounting package?
Our accounting packages cover statutory compliance and routine accounting work only. The services include: • Bookkeeping and accounting updates at the agreed service frequency• Preparing a full set of accounts – BS, P&L, TB, GL• Maintaining proper accounting records in accordance with FRS• Bank reconciliation• Preparation of balance sheet reconciliation and schedules• Fixed asset schedules, lease schedules, accounting schedules• Preparing annual financial statements• Periodic financial reports at the agreed reporting frequency• Recording manual journal entries such as depreciation or salary payable• Customised chart of accounts
What is not included:
Unless expressly included in the engagement, standard accounting packages do not include GST returns, payroll, XBRL, consolidation, audit work, tax investigations, complex Form C work, historical reconstruction, business valuation, financial forecasting, due diligence or business advisory. Third-party accounting software subscription fees are also excluded unless specifically stated.