Accounting and Bookkeeping Services in Singapore
Keep your financial records organised, accurate and easier to act on with SmartSpace’s accounting and bookkeeping support. From day-to-day record-keeping to reporting and financial management, we help businesses in Singapore stay on top of their numbers with less administrative strain.
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Overview
Who it is for:
SMEs, startups, and growing companies seeking professional financial management.
Compliance framework:
Aligns with IRAS compliance, ACRA filing, and Singapore Financial Reporting Standards (SFRS). Learn more here.
Core benefits:
Accurate records, timely reporting, and well-organised financial data to support informed business decisions.
Our Bookkeeping Services Include:
• Comprehensive monthly bookkeeping to track income, expenses, and cash flow efficiently.
• Preparation and submission of accounts in compliance with ACRA filing requirements.
• Ensure adherence to tax regulations and reporting obligations under IRAS compliance.
• Reconciliation of bank statements, invoices, and receipts for accurate financial management.
• Customised reports to provide insights into business performance and cash flow.
With our accounting services, your company can focus on growth while staying compliant, organised, and financially transparent.
Reliable Outsourced Accounting Services for SMEs
Managing finances internally can be a major challenge for many SMEs. Common accounting challenges SMEs face include time-consuming administrative tasks, costly errors, and the constant pressure to meet Singapore-specific regulatory deadlines. Staying on top of ACRA and IRAS filing, while ensuring bookkeeping and SFRS compliance, can quickly become overwhelming without dedicated expertise. Mistakes in reporting or missed deadlines can result in penalties, disrupt operations, and take focus away from growing your business.
SmartSpace offers professional accounting and bookkeeping services designed to relieve these burdens. Our structured outsourced solution ensures accurate, audit-ready bookkeeping, timely reporting, and full compliance with local regulations. From bank reconciliations and expense tracking to preparation of statutory reports, we handle all financial tasks efficiently so you can focus on strategic priorities.
With SmartSpace, SMEs gain a dependable partner who ensures their financial records are organised, compliant, and ready for audits. By outsourcing your accounting, you reduce administrative overhead, minimise errors, and gain peace of mind knowing your business meets regulatory requirements. For more information on tax obligations and compliance in Singapore, visit IRAS.
What’s Included in Our Bookkeeping Services
Accurate & Compliant Recordkeeping
- Maintaining proper books for all financial transactions
- Ensuring IRAS & ACRA compliance
- Adhering to SFRS standards for accurate reporting
- Preparing audit-ready documentation for smooth inspections
Flexible Accounting & Bookkeeping Options
- Choose from monthly or annual packages tailored to your needs
- Bundles available with tax, payroll, and secretarial services
- Scalable support as your company grows, including services in Singapore payroll
Government Filing Support
- GST preparation and submission
- Corporate tax computation
- Annual return filing with ACRA
- XBRL filing
Who Needs Outsourced Accounting and Bookkeeping Services in Singapore?
Outsourced accounting and bookkeeping can suit businesses that need reliable financial records and ongoing compliance support without maintaining a full in-house accounting team.
Startups and New Founders
Early-stage businesses often need help setting up proper bookkeeping practices, tracking expenses and keeping financial records organised from the beginning.
Small and Medium Enterprises (SMEs)
SMEs can outsource recurring tasks such as bookkeeping, account reconciliation and financial reporting, giving them access to accounting support without adding a full-time internal role.
Foreign Subsidiary Offices
Overseas companies establishing a Singapore entity may need local support to manage accounting records, reporting requirements and statutory obligations while their local operations are being built.
GST-Registered Businesses
GST-registered companies have additional record-keeping and reporting responsibilities. Outsourced accounting support can help maintain accurate transaction records and prepare the information needed for GST submissions.
How Our Accounting & Bookkeeping Process Works
SmartSpace follows a structured accounting workflow in Singapore to ensure your financial records are accurate, compliant, and actionable.
Consultation & Assessment
We begin by understanding your business needs, reviewing current systems, and identifying pain points in your existing bookkeeping process.
System Setup / Software Integration
Our team sets up accounting systems or migrates your existing software to our system for streamlined transactions of recording and reporting.
Monthly Transaction Recording
All financial transactions are systematically recorded to maintain accurate and up-to-date books, forming the backbone of your monthly reporting process.
Monthly/Quarterly Reporting
We generate clear, comprehensive reports on income, expenses, and cash flow to help you make informed decisions.
IRAS/ACRA Filing Support (If required)
Our team assists with statutory filings to ensure full compliance with local regulations, keeping your business audit-ready and stress-free.
Pricing for Our Accounting and Bookkeeping Services
Our accounting and bookkeeping services start from S$500. Every business has a different transaction volume, reporting frequency and set of compliance needs, so we provide a tailored quote once we understand your requirements. That way, you only pay for the support your business actually needs.
Your Dedicated Accounting and Bookkeeping Team
When you work with SmartSpace, your books are handled by a dedicated team that gets to know your business, from your transaction patterns to your reporting deadlines. You will have a consistent point of contact for questions, document requests and monthly updates, so there is no need to re-explain your business every time you reach out.
One Consistent Point of Contact
Speak to the same team for queries, document requests and monthly updates, rather than starting over with someone new each time.
Knowledge of Your Business
Because the same team handles your accounts each month, they become familiar with your transactions, suppliers and reporting needs, which helps keep your records consistent and accurate.
Clear, Timely Updates
Receive straightforward updates on your monthly reports and upcoming filing deadlines, so you always know where your accounts stand.
Why Choose SmartSpace's Accounting & Bookkeeping Services
Reliable, Organised Monthly Support
Consistent monthly bookkeeping ensures your financial records are always accurate and up to date.
Compliance-Ready Reporting
We deliver reports that meet regulatory requirements, keeping you prepared for IRAS and ACRA obligations.
Clear Communication
Our team provides transparent updates and explanations, so you always understand your company’s financial status.
Scalable with Business Growth
Services can expand with your company, providing flexible support as your accounting needs evolve.
Cloud Accounting Familiarity (Xero)
We leverage popular cloud accounting platforms for easy access to your financial data.
Common Questions
FAQs about Accounting & Bookkeeping Services in Singapore
We record all your business transactions, maintain ledgers, reconcile bank statements, and provide monthly financial reports; a natural next step for businesses that have just completed company incorporation services in Singapore and need their books set up from day one.
Yes. We can work with platforms like Xero, QuickBooks, or your preferred system to manage your books efficiently.
Every month, you'll get a clear summary of income, expenses, and cash flow through our financial reports so you can make informed decisions.
Absolutely. We follow the Singapore Financial Reporting Standards (SFRS) and ensure your records are audit-ready.
Yes. If you’ve fallen behind, we offer cleanup services to get your accounts back in order.
No. Our bookkeeping services are available to all businesses, whether you work at SmartSpace or not. Members also enjoy added convenience with flexible hot desk access in Singapore alongside their accounting support.
Yes, we can coordinate with our tax team to prepare and submit your corporate tax filings based on your bookkeeping records.
Yes, we assist with share allotments, transfers, and preparing the necessary board resolutions and share certificates as part of our corporate secretarial services in Singapore.
Yes. We can manage and track multi-currency transactions for businesses that deal with international clients or suppliers.
Absolutely. We can help you manage outgoing and incoming payments, and track your receivables and payables.
Join SmartSpace Today and Elevate Your Work Experience!
SmartSpace offers the perfect solution — a fully furnished, move-in-ready office without the hassle of managing your own space. Designed for modern businesses, our workspaces come with all the essential services and the dedicated support of our highly trained team.
Whether you’re bringing your team together, impressing clients, or simply looking for a comfortable and inspiring place to work — SmartSpace is the place to be.