6 Finest Accounting Firms Small Businesses Should Prioritize in Singapore

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Did you know that Singapore is one of Asia’s most reputable business and financial hub?

Singapore is not only the preferred investment destination for many entrepreneurs globally, but also a leading accountancy hub in Asia. This is why the city-state has thousands of accounting firms supporting many local and international industries.

Accounting is a legal requirement for all registered companies in Singapore. It is not just about crunching numbers to compute the extent to which your business is making profits or losses. Effective accounting goes the extra mile to help you prepare your start-up for upcoming trends.

As a small business owner in Singapore, below are 7 best accounting firms that you should prioritize working with if you want to avoid any legal matters, maintain a smooth cash flow, and expand your business.

1.   Singapore Corporate Services 

Best for: Accounting Services for SMEs

With more than 20 years of combined experience, Singapore Corporate Services mainly focuses on providing accounting and bookkeeping services for growing SMEs as well as established corporate companies

The company also has an upbeat and highly-skilled team of Chartered accountants with professional memberships in ISCA (Singapore), MIA (Malaysia), HKICPA (Hong Kong), CPA Australia, ACCA, ICAEW, among others. They provide an array of accounting services including but not limited to:

  • Audit Services
  • Income Tax Services
  • XBRL Financial Report Services
  • Corporate and Personal Tax compliance
  • Company Secretarial Services `

It is also important to note that Singapore Corporate Services is a Xero Certified Advisor, a Financio Certified Advisor, and a QuickBooks Certified Advisor. This means that they fully understand the challenges that small business owners go through beforehand.

2.   3E Accounting

Best for: Company Incorporation Services

Established in 2011, 3E Accounting is one of the leading accounting firms in Singapore with their head office is strategically located in Novena, Singapore’s central region. The company is renowned for exceptional accounting services including but not limited to:

  • Bookkeeping Service
  • Cloud Accounting Services
  • Compiling Financial Statement
  • Consolidating Accounts
  • Setting up of Accounting Systems
  • XBRL Financial Report

3E Accounting has amassed several awards and gained recognition over the years. In 2015, Singapore Business Review listed the firm under the Top 30 Accounting Firms in Singapore. In 2016, the firm received the Exemplary Employer Award from TAFEP. In 2021, NTUC FairPrice awarded them with May Day Award for fair treatment of workers.

3E Accounting is also ratified as an Accredited Training Organisation (ATO), Approved Employer by the ACCA, a Xero Certified Advisor, and a Certified ProAdvisor for QuickBooks. So far, 3E Accounting has worked with over 4,000 businesses in Singapore.

3.   Tianlong Services

Best for: Accounting and Corporate Services

Since 2017, Tianlong Services has risen to become one of the most reputable accounting and corporate services providers in Singapore. The company takes pride in offering great solutions for local businesses, start-ups, and small to medium-sized enterprises in Singapore and beyond.

As an accounting specialist, Tianlong Services can help your small business to maintain proper accounting records, which include but not limited to:

This will not only to fulfil requirements of Accounting and Corporate Regulatory Authority (ACRA), Ministry of Manpower (MOM), and the Inland Revenue Authority of Singapore (IRAS), but will also provide you with accurate interpretation of your financial performance.

If you are looking to outsource accounting in Singapore, reach out to our experts at +65 8809 9315 for one month free accounting services for you. You can trust our professionalism and expertise in improving your financial management.

4.   OneStop Professional Services

Best for: Company Secretary Services

Since their incorporation in 2011, OneStop professional has been the go-to accounting firm for many clients looking for highly qualified experts to render relevant business solutions. Their head office is conveniently located in Tanjong Pagar, Singapore.

OneStop Professional Services serves both local and international clients with their goal focused on developing an upbeat and unwavering business environment in Singapore and beyond. They provide outstanding accounting services including but not limited to:

  • Financial accounting
  • Management accounting
  • Cost accounting
  • Auditing services
  • Payroll services
  • Tax filing services

Therefore, if you are a small business looking to streamline your accounting services, OneStop Professional Services have a team of qualified professionals who can provide you with excellent customer experience, maximum attention, and value for your money.

5.   Timcole Advisory

Best for: Bookkeeping Services

Established in 2911, Timcole Advisory is one of the highest rated accounting, secretarial and company corporation firms in the city-state. Their specialisation id bookkeeping services, which according to their website, is paramount in maintaining “proper books of company accounts in accordance to the Singapore Companies Act.”

With specific reference to accounting, the company provides the following services, among others:

  • Financial Audit
  • Compiling financial statement
  • Preparation of consolidated accounts
  • Payroll management
  • XERO accounting services
  • XBRL filing services

With over a decade in the industry, Timcole is known to deliver wide-ranging accounting services and corporate advisory solutions to small businesses across many sectors, which go a long way in meeting legislative requirements, and proactive financial management.

6.   SBS Consulting

Best for: Singapore Company Registration

Founded in 2010, SBS Consulting primary role has been to help start-up and established business to streamline the process of registering their companies and expanding their operations in Singapore.

Not only has have they effortlessly and quickly managed to set up a number of companies, the company also offers affordable pricing for their services. You don’t have to worry about hidden fees or breaking the bank. SBS Consulting can be your accounting partner in Singapore. Their accounting services include but not limited to:

  • Accounting software assistance
  • Preparing financial statements
  • Filing XBRL statements
  • Bookkeeping services
  • Forensic accounting
  • Corporate accounting

Even though SBS Consulting focuses on helping both locals and foreigners to set up their businesses in Singapore, they are also very good at providing accounting services. Browse their website for useful information to help you understand what accounting services you need.

 

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What do Tianlong Services do?

Tianlong Services provides accounting services to small businesses and entrepreneurs.

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