Services

5 Best Small Business Accounting Services in Singapore

December 15, 2021
Best Small Business Accounting Services Singapore

Thinking to start a new venture by yourself or with a couple of friends? Or perhaps you’re thinking of restructuring a family business that has been handed down over the years? Regardless of the situation you’re in, it’s undeniable that all business requires excellent administrative and accounting insight to keep a business running smoothly and afloat. Handling these administrative and accounting can be a daunting task for the uninitiated, especially for business owners who want to focus on their core business strategies.

In this situation, getting connected with professional accountants that can provide small business accounting services can save time, money and effort for many SMEs. These financial and accounting specialists can advise and look into critical functions that you might not be aware of by handling a wide variety of tasks that range from taxes, permits, overhead costs, and other technical hassles. Here are 5 of the best accounting services in Singapore to get you started.

Note: This list is strictly not in order.

1. Ackenting Group

Ackenting Group

Image Credit: Ackenting Group

AG Singapore, which stands for “Ackenting Group”, is a network of award-winning professional accounting firms in Singapore that helps firms of all sizes with their accounting and financial ___. Their track record with business owners and huge conglomerates gives them insight and experience into minute details and an enormous picture scope that prepares their clients with long-term solutions.

Home to expert accountants and highly experienced staff, AG Singapore provides a full suite of comprehensive accounting services. Exceptional and thorough accounting solutions are par for the course, as small businesses can leverage their critical industry insight and solutions without the need of hiring full-time in-house financial and accounting specialists.

Customer Reviews

Guarav Tiwari

“AG Singapore dealt with my company taxes and audit last year, and their work is very reliable. Highly recommended!”

Miccar Support

“Engaged AG Singapore for their accounting services and auditing services. Besides their timely filing of our accounting, they also give us a lot of professional accounting advice which open our minds. Really recommend AG to SME startup who need an experienced and professional accountant to guide you in your company accounting issues.”

Website: https://www.ag-singapore.com/
Contact: +65 9383 2464
Location: Peninsula Plaza, 111 North Bridge Road #07-11, Singapore 179098
Opening Hours: Mon-Fri 8:30AM-5:30PM | Closed on Sat & Sun

2. SC Mohan Public and Chartered Accountants

SC Mohan Public And Chartered Accountants

Image Credit: SC Mohan Public And Chartered Accountants

SC Mohan PAC is a group that specialises in audit and assurance, business consulting, and tax calculation and filing. They’ll help you get your papers and financial standing in check with audit and assurance. They will also support accounting itself, taking over the job of compliance so you can focus directly on your core business strategies. They’ll be happy to handle any tax issues and straighten out your bottom line. You can trust them to take a good look at your business and provide recommendations on improving your assets and operations.

Whatever the size of your business, you can lay your trust in their in-house experts. They are willing to go the extra mile to impart innovative and detailed work, making it all the better with transparent and solid support. Their bottom line is to set your business up for success.

Customer Reviews

Ahmad Jazouli

 “Good value, responsive.”

Yu Yew Hock

“We have had a working relationship with S C Mohan PAC close to 20 years now and have received excellent service throughout. Mohan and his team have consistently provided reliable insight and guidance, resulting in us viewing them as trusted and valued business partners. The combination of expertise, client service and value is hard to beat. Overall, they are a delight to work with, and I couldn’t be happier to recommend their services.”

Website: https://scmohan.com.sg/
Contact: +65 6334 6502
Location: Trivex, S C Mohan PAC, 8 Burn Road, #07-07, Singapore 369977
Opening Hours: Mon-Fri 8:30AM-6PM | Closed on Sat & Sun

3. WealthBridge Corporate Services

WealthBridge Corporate Services

Image Credit: WealthBridge Corporate Services

WealthBridge can pick up your back-end business needs for your convenience and peace of mind, providing you with clear and complete corporate services, including secretarial, accounting, tax filing, and payroll. With locations in Singapore, Hong Kong, and Manila, you can outsource your business needs to their roster of experienced agents, cutting down on your complex accounting and labour costs by up to 50% compared to hiring in-house specialists.

With the stability of accounting professionals, you can be sure you have complete control over your finances reported to you transparently and thoroughly. They are also a Xero-certified partner, enabling them to employ the best standardised means as specified to carry out their work.

Customer Reviews 

Joel

“The sales staff is accommodating, and they offer a good price for company incorporation :D”

Website: https://www.wealthbridgecs.com/
Contact: +65 6681 6635
Location: Thye Hong Centre, 2 Leng Kee Road #06-08, Singapore 159086
Opening Hours: Mon-Fri 8AM-6PM | Closed on Sat & Sun

4. 1Accounting

1Accounting

Image Credit: 1Accounting

1Accounting was established to help businesses across Singapore comply with business requirements and fulfil their accounting needs. Whether big or small and regardless of the industry, their focus is to provide essential reporting and financial analysis that’s easy to understand.

They keep a close eye on the overview of your books and statements and make sense of your business’s financial situation while recommending the best action steps to keep your business financially sound. 1Accounting also moves closer towards running the commercial side of things and living up to their vision of an efficient, value-making business partner. Aside from their outright accounting and tax services, you can also hire corporate assistance services and financial controller services. Working closely with you, they can formulate custom solutions to support your long-term business growth and strategy.

Customer Reviews

Lim Zhen Jiang

“The 1Accounting & Consulting Services team has always worked very hard and knowledgeably with us during the preparation of accounts and taxes. Due to the international nature of our business, this involved at times complex questions and knowledge of the implications for personal and U.S. tax and accounting requirements.” –

Website: https://www.1accounting.sg/
Contact: +65 6909 3874
Location: Shaw Centre, 1 Scotts Road, #24-10, Singapore 228208
Opening Hours: Mon-Fri 9AM-6PM | Closed on Sat & Sun

5. TimCole

TimCole

Image Credit: TimCole

TimCole serves as a one-stop solution for all your accounting and backend needs, providing services that range from incorporation, accounting, secretarial services, business consultancy, payroll management and even trademark registration. Outsource your bookkeeping to TimCole to experience flexible and professional accounting and financial services as they keep your information safe and your business compliant to Singapore accounting standards. Make sense of all your sales orders and invoices, receipts, bank statements, vouchers, and payroll information with their bookkeeping strategies — all consolidated in a tight, comprehensive package. You’ll be connected to a designated accountant who will handle all this personally, and they will keep you and your business abreast of governmental standards and deadlines.

Customer Reviews

Kalina Wong

“Signed up with their basic Xero package, and after 80% PSG government subsidy, I only need to pay $300plus. The setting up of Xero was fast, and the half-day training provided was very useful. The trainer Kim was very friendly and helpful. Highly recommend to engage them for secretarial and accounting services. Thumbs up!”

Sara Li

“We have been customers since 2017. We are very pleased with the whole team’s professionalism at Timcole Pte Ltd. Their response is very timely, and they don’t leave any loose ends. Mr Sukai Ng is very knowledgeable and ethical. We feel we are in good hands.”

Website: https://timcole.com.sg/
Contact: +65 6631 9892 | +65 9852 6881
Location: Peninsula Plaza, 111 North Bridge Road, #24-02, Singapore 179098

Conclusion

Accounting is more than just keeping track of the inflow and outflow of cash; but all these can seem like a chore and distraction for most business owners with much more to worry about. Hiring someone who specialises in accounting services not only saves time and money but also grants you peace of mind knowing your business is in the right hands.

Equipped with proper accounting and financial advice from these small business accounting services, you will also be able to make clear and informed decisions to position your organisation for success.

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