Managing your business finances efficiently is crucial for success, and finding the right bookkeeping services in Singapore can make all the difference. Whether you’re a startup or an established business, a professional bookkeeping service ensures accurate financial records, compliance with regulatory requirements, and insightful financial reporting to help you make informed decisions. In this guide, we’ve compiled the 3 best bookkeeping services in Singapore to help you streamline your financial operations. From maintaining general ledgers to preparing profit and loss statements, these services cater to various business needs while offering competitive pricing that aligns with your budget.
3
Number of companies
108
Verified reviews
4,87
Average rating
1. Alpha Business Solutions Pte Ltd
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4,9/5
59 Ubi Ave 1, #03-11 Bizlink Centre, 408938, Singapore
- Bookkeeping service
- Business management consultant
- Business to business service
- Corporate office
- Software company
Why we chose them
Alpha Business Solutions Pte Ltd stands out as a trusted provider of comprehensive business services tailored to meet the diverse needs of companies in Singapore. Renowned for their commitment to professionalism and timeliness, the firm prioritizes building long-term relationships with clients based on trust and reliability. Their offerings encompass a wide range of solutions, including accounting and bookkeeping, corporate secretarial services, and business incorporation, ensuring businesses remain compliant and financially sound. With expertise in tax optimization and financial reporting, they empower entrepreneurs to focus on growth while effortlessly managing administrative and regulatory tasks.
In addition to their financial and corporate services, Alpha Business Solutions delivers customized IT solutions, marketing consultancy, and business management consulting, making them a true one-stop destination for businesses seeking seamless operations. Their dedication to understanding each client’s unique objectives allows them to craft tailored strategies for success, whether it’s through innovative IT systems or impactful marketing initiatives. With a strong emphasis on quality and efficiency, the company offers comprehensive support to businesses navigating Singapore’s conducive and stable economic environment.
2. Verti Corporate
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5,0/5
1 N Bridge Rd, #11-04 High Street Centre, 179094, Singapore
- Bookkeeping service
- Business management consultant
- Payroll service
- Tax preparation service
Why we chose them
Verti Corporate Pte Ltd. stands out as a trusted partner for businesses seeking tailored and efficient corporate solutions. Specializing in bookkeeping, business management consulting, payroll services, and tax preparation, the company prides itself on simplifying complex processes for its clients. With a proven track record of six years, a 98% customer satisfaction rate, and over 380 businesses supported, they leverage innovative technology and industry expertise to deliver scalable and cost-effective services. Their offerings also extend to incorporation, corporate secretarial services, and HR solutions, ensuring businesses can focus on growth while leaving operational details in capable hands.
The company’s commitment to excellence is evident in its strategic approach to tackling business challenges like regulatory compliance, financial management, and talent acquisition. From facilitating the seamless incorporation of businesses in Singapore to managing employment passes and providing executive search services, their comprehensive solutions cater to various needs across industries such as healthcare, manufacturing, and logistics. Verti Corporate’s dedication to delivering extraordinary support ensures that businesses not only meet their operational requirements but also achieve sustainable growth and competitive advantage in today’s dynamic market landscape.
3. Planco (S) Pte Ltd
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4,7/5
8 #04-15 Boon Lay Way 8 @ Tradehub 21, 609964, Singapore
- Bookkeeping service
Why we chose them
Planco (S) Pte Ltd stands out as a trusted provider of comprehensive business solutions, specializing in bookkeeping, taxation, secretarial services, incorporation, and work pass applications. With over 30 years of expertise led by its founder, Vickie Lee, the company has established itself as a reliable partner for businesses across diverse industries, including the F&B sector. Vickie’s deep knowledge of accounting systems and her certification as a Xero Accounting Partner enable the company to deliver tailored solutions that integrate seamlessly with clients’ operational needs. Their commitment to precision and a client-centric approach makes them a go-to service provider for businesses seeking streamlined financial and administrative support.
Beyond bookkeeping, the company offers a broad spectrum of corporate services, including human resource management, nominee directorship, and accounting software training. Vickie Lee’s extensive experience working with multinational corporations and her role as an adjunct lecturer at Singapore Polytechnic reflect the firm’s dedication to empowering SMEs with financial literacy and strategic advice. Passionate about her work, Vickie ensures that the company not only manages clients’ financial records with accuracy but also provides valuable business insights to help them thrive. This blend of expertise, versatility, and personalized service underscores why this company has earned its place in our directory.
Frequently asked questions
What services do bookkeeping professionals in Singapore typically offer?
Bookkeeping professionals in Singapore offer a range of services, including general ledger maintenance, accounts payable and receivable management, bank reconciliation, payroll processing, tax filing and compliance, financial reporting, budgeting and forecasting, and customized solutions tailored to specific business needs.
How much do bookkeeping services in Singapore cost on average?
The cost of bookkeeping services in Singapore typically ranges from €140 to €470 per month, depending on the size and complexity of your business. Customized services or businesses with higher transaction volumes may incur higher fees.
How do I choose the right bookkeeping service for my business in Singapore?
To choose the right bookkeeping service, consider factors such as their industry experience, data security measures, scalability to grow with your business, cost-effectiveness, and customer reviews. It’s also helpful to ask for a free consultation or trial period to assess their compatibility with your needs.
How long does it take for bookkeeping professionals to prepare financial reports?
The time required to prepare financial reports depends on the complexity and volume of your transactions. Typically, monthly reports can take 5 to 10 business days, while annual reports may take a few weeks. Be sure to confirm timelines with your chosen service provider.
Are bookkeeping services in Singapore compliant with local tax regulations?
Yes, professional bookkeeping services in Singapore are well-versed in local tax regulations and ensure compliance. They handle tasks such as Goods and Services Tax (GST) filing, corporate tax submissions, and employee-related tax deductions accurately and on time.
Can bookkeeping services be customized to suit my specific business needs?
Yes, many bookkeeping service providers in Singapore offer customized solutions to meet unique business requirements. These can include tailored financial reports, industry-specific accounting practices, and integration with your preferred accounting software.
What key considerations should I keep in mind when hiring a bookkeeping service in Singapore?
When hiring a bookkeeping service, consider their data security policies, industry expertise, scalability to accommodate your business growth, pricing transparency, and customer support quality. It’s also beneficial to ensure they use reliable accounting software and have a strong track record of accuracy.
Do bookkeeping services in Singapore provide support for startups and small businesses?
Yes, many bookkeeping service providers in Singapore specialize in supporting startups and small businesses. They offer affordable packages, scalable solutions, and expert guidance to help new businesses manage their finances effectively while staying compliant with local regulations.
