Accounting Services in Singapore

Gain full control of your business without any of the hassle. Help is here! 🚀

Accounting Services in Singapore

Gain full control of your business without any of the hassle. Help is here! 🚀

Accounting Services in Singapore

Gain full control of your business without any of the hassle. Help is here! 🚀

Why Choose Accounting Superhero?

XERO Finalist for Advisory Partner of the Year 2023

XERO Finalist for Large Accounting Partner of the Year 2023

XERO Gold Champion Partner and Certified Advisor

Pre-Approved SMEs Go Digital and Digital Resilience Bonus Partner

Proud Member of Singapore Fintech Association

ACCA Approved Employer for Professional Development since August 2021

Certified Accountants and Registered Filing Agent

Why Choose Accounting Superhero?

XERO Finalist for Advisory Partner of the Year 2023

XERO Finalist for Large Accounting Partner of the Year 2023

XERO Gold Champion Partner and Certified Advisor

Pre-Approved SMEs Go Digital and Digital Resilience Bonus Partner

Proud Member of Singapore Fintech Association

XERO Gold Champion Partner and Certified Advisor

Certified Accountants and Registered Filing Agent

Why Choose Accounting Superhero?

XERO Finalist for Advisory Partner of the Year 2023

XERO Finalist for Large Accounting Partner of the Year 2023

XERO Gold Champion Partner and Certified Advisor

Pre-Approved SMEs Go Digital and Digital Resilience Bonus Partner

Proud Member of Singapore Fintech Association

ACCA Approved Employer for Professional Development since August 2021

Certified Accountants and Registered Filing Agent

Accounting Services for your Small Business

Take the stress out of your books

Day-to-day accounting

Payroll, CPF, bill processing, invoicing, AP administration, and more.

Bookkeeping

Every receipt and document are digitised, organised and recorded

Bank Reconciliation

All your bank transactions are categorised, reconciled and recorded

Corporate Tax

Accurate and filed on time with IRAS - always

GST Filing

Calculate and file your GST returns with zero hassle

Tax Advisory

Get advice on tax exemptions and get the most bang for your buck

Financial Reporting

Monthly P&Ls, balance sheet, and cash flow statements prepared like clockwork.

Year-end Closing

Review, reconcile and verify all transactions and ledgers.

Financial Analysis

Financial analytics, business modeling and budgeting to support operations and improve performance

Cash Flow Forecasting

The lifeblood of your business. Know how much you have next week, next month, next quarter.

Risk Management

Minimise fraud with protocols and controls around important accounting areas

Business Advisory

Leverage our network of bankers, lawyers, insurance brokers and other industry experts

Why Accounting Superhero

as-business-advise

No more risky guesses

Plan your next strategic move based on structured data. How to allocate resources? Where should you go? Why? Now you know.

as-tax

No more stressing out

Receive ALL your financial statements and annual reports magically in your inbox. Best of all, they're all compliant.

as-immigration

No more last minute work

It's possible to relax at the end of the year. Because all your taxes and submissions to IRAS will be automatically taken care of.

as-formation

No more audit scares

When an audit notification comes in from IRAS, you'll know exactly what to do.

Choose A Plan

Keep Your Back-End Running and Compliant While You’re Busy Growing Your Business. Save Time and Sanity by Leaving the Everyday Annoying Stuff to Us.

Based on Your Company and How Active it is

BEEZY

MONTHLY ACCOUNTING PLANS

From $163.50/mo w GST

For newly registered and newly incorporated ‘For-Profit’ entities registered with ACRA such as Sole Proprietors, Partnerships, LLPs and Pte. Ltd. companies.

VOYAGER

ANNUAL ACCOUNTING PLANS

From $772.81/yr w GST

For existing ‘For-Profit’ entities registered with ACRA such as Sole Proprietors, Partnerships, LLPs and Pte. Ltd. companies.

Low volume of transactions or somewhat dormant.

Annual revenues below $5M.

Not GST registered.

HERO
COLLABORATIVE ACCOUNTING SERVICES

From $109/mo w GST

For active ‘For-Profit’ entities registered with ACRA such as Sole Proprietors, Partnerships, LLPs  and Pte. Ltd. companies of any stage, AND

Societies, Associations, Clubs and Mutual-benefit organisations of any stage.

No revenue limit.

Is or may be GST registered.

Choose A Plan

Keep Your Back-End Running and Compliant While You’re Busy Growing Your Business. Save Time and Sanity by Leaving the Everyday Annoying Stuff to Us.

Based on Your Company and How Active it is

MONTHLY ACCOUNTING PLANS

From $162/mo w GST

For newly registered and newly incorporated ‘For-Profit’ entities registered with ACRA such as Sole Proprietors, Partnerships, LLPs and Pte. Ltd. companies.

ANNUAL ACCOUNTING PLANS

From $765.72/yr w GST

For existing ‘For-Profit’ entities registered with ACRA such as Sole Proprietors, Partnerships, LLPs and Pte. Ltd. companies.

Low volume of transactions or somewhat dormant.

Annual revenues below $5M.

Not GST registered.

COLLABORATIVE ACCOUNTING SERVICES

From $108/mo w GST

For active ‘For-Profit’ entities registered with ACRA such as Sole Proprietors, Partnerships, LLPs  and Pte. Ltd. companies of any stage, AND

Societies, Associations, Clubs and Mutual-benefit organisations of any stage. 

Mid to high volume of transactions.

No review limit.

Is or may be GST registered.

Choose A Plan

Keep Your Back-End Running and Compliant While You’re Busy Growing Your Business. Save Time and Sanity by Leaving the Everyday Annoying Stuff to Us.

Based on Your Company and How Active it is

MONTHLY ACCOUNTING PLANS

From $162/mo w GST

For newly registered and newly incorporated ‘For-Profit’ entities registered with ACRA such as Sole Proprietors, Partnerships, LLPs and Pte. Ltd. companies.

ANNUAL ACCOUNTING PLANS

From $765.72/yr w GST

For existing ‘For-Profit’ entities registered with ACRA such as Sole Proprietors, Partnerships, LLPs and Pte. Ltd. companies.

Low volume of transactions or somewhat dormant.

Annual revenues below $5M.

Not GST registered.

COLLABORATIVE ACCOUNTING SERVICES

From $108/mo w GST

For active ‘For-Profit’ entities registered with ACRA such as Sole Proprietors, Partnerships, LLPs  and Pte. Ltd. companies of any stage, AND

Societies, Associations, Clubs and Mutual-benefit organisations of any stage.

Mid to high volume of transactions.

No revenue limit.

Is or may be GST registered.

BEEZY

For new companies

For newly-registered Sole-proprietorships, Partnerships and LLPs. Newly-incorporated Pte. Ltd. companies.
(For-Profit entities registered with ACRA.)

Cell

$162/mo w GST

  • Monthly accounts processing
  • Annual management accounts closing and reporting
  • Annual unaudited financial statements
  • ECI submission to IRAS
  • Tax computation and compliance to IRAS
  • 2 Board Resolutions
  • AGM and Annual Returns filing
  • Up to 40 transactions

Hive

$270/mo w GST

  • Monthly accounts processing
  • Annual management accounts closing and reporting
  • Annual unaudited financial statements
  • ECI submission to IRAS
  • Tax computation and compliance to IRAS
  • 2 Board Resolutions
  • AGM and Annual Returns filing
  • Up to 80 transactions

Colony

$432/mo w GST

  • Monthly accounts processing
  • Annual management accounts closing and reporting
  • Annual unaudited financial statements
  • ECI submission to IRAS
  • Tax computation and compliance to IRAS
  • 2 Board Resolutions
  • AGM and Annual Returns filing
  • Up to 150 transactions

These are the three(3) main tiers for Beezy plan which are:-

Cell

$163.50/mo w GST

  • Monthly accounts processing
  • Annual management accounts closing and reporting
  • Annual unaudited financial statements
  • ECI submission to IRAS
  • Tax computation and compliance to IRAS
  • 2 Board Resolutions
  • AGM and Annual Returns filing
  • Up to 40 transactions

Hive

$272.50/mo w GST

  • Monthly accounts processing
  • Annual management accounts closing and reporting
  • Annual unaudited financial statements
  • ECI submission to IRAS
  • Tax computation and compliance to IRAS
  • 2 Board Resolutions
  • AGM and Annual Returns filing
  • Up to 80 transactions

Colony

$436/ mo w GST

  • Monthly accounts processing
  • Annual management accounts closing and reporting
  • Annual unaudited financial statements
  • ECI submission to IRAS
  • Tax computation and compliance to IRAS
  • 2 Board Resolutions
  • AGM and Annual Returns filing
  • Up to 150 transactions

A minimum of 12 months’ contract is required. Prices above are in Singapore Dollars and GST inclusive.

Additional fees:

  • XBRL (full financial statements option) preparation for Annual Return filing from $600 onwards GST exclusive (additional terms & conditions apply)
  • XBRL (financial statements highlights option) preparation for Annual Return filing from $600 onwards GST exclusive (additional terms & conditions apply)
  • Additional transactions in excess of monthly cap - $50 per block of 25 transactions or part thereof
  • Adjustments required before annual closing of accounts - $5 per adjustment raised
  • Adjustments required after annual closing of accounts - $50 per adjustment raised
  • Conversion of bank statements from PDF to CSV & upload into Xero - $5 per bank statement page (each page with at least 1 transaction)
  • Audit of financial statements - from $2,500 (request for quote)

Voyager

For dormant companies with low transactions

For Sole-proprietorships, Partnerships and LLPs. Newly-incorporated Pte. Ltd. companies. (For-Profit entities registered with ACRA.)
Annual revenues below $5M and not GST-registered.

These are the two(2) main tiers for Voyager plan which are:-

Starcruiser

$772.81/yr w GST

  • Monthly accounts processing
  • Annual management accounts closing and reporting
  • Annual unaudited financial statements
  • ECI submission to IRAS
  • Tax computation and compliance to IRAS
  • 2 Board Resolutions
  • Up to 80 Transactions

Waverider

$990.81/yr w GST

  • Monthly accounts processing
  • Annual management accounts closing and reporting
  • Annual unaudited financial statements
  • ECI submission to IRAS
  • Tax computation and compliance to IRAS
  • 2 Board Resolutions
  • Up to 200 transactions

A minimum of 12 months’ contract is required. ACRA submission is not included. Prices above are in  Singapore Dollars and GST inclusive.

Collaborative Accounting

To complement or support existing, active companies

For Sole-proprietorships, Partnerships, Limited-liability Partnerships and Pte. Ltd. companies of any stage AND Societies, Associations, Clubs and Mutual-benefit organisations of any stage. May be GST registered and no revenue limit.


These are the three(3) main tiers for Collaborative Accounting plan which are:-

REVIEW & ADVICE

From $109/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept

REVIEW & RECONCILE

From $218/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept
  • Monthly bank reconciliation
  • Monthly adjustments

ACCOUNTING + REVIEW & RECONCILE

ROOKIE Hero 

$218/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept
  • Monthly bank reconciliation
  • Monthly adjustments
  • Collaborative accounting
  • Training for 2 staff
  • Quarterly CFO report and roundup
  • Membership to business coaching community
  • Up to 80 transactions

Hero

$408.75/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept
  • Monthly bank reconciliation
  • Monthly adjustments
  • Collaborative accounting
  • Training for 2 staff
  • Quarterly CFO report and roundup
  • Membership to business coaching community
  • Up to 200 transactions

superhero

$599.50/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept
  • Monthly bank reconciliation
  • Monthly adjustments
  • Collaborative accounting
  • Training for 2 staff
  • Quarterly CFO report and roundup
  • Membership to business coaching community
  • Up to 400 transactions

hyperhero

$817.50/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept
  • Monthly bank reconciliation
  • Monthly adjustments
  • Collaborative accounting
  • Training for 2 staff
  • Quarterly CFO report and roundup
  • Membership to business coaching community
  • Up to 1000 transactions

Review & Advice

From $108/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept

Review & Reconcile

From $216/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept
  • Monthly bank reconciliation
  • Monthly adjustments

Accounting + Review & Reconcile

Hero 80

$216/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept
  • Monthly bank reconciliation
  • Monthly adjustments
  • Collaborative accounting
  • Training for 2 staff
  • Quarterly CFO report and roundup
  • Membership to business coaching community
  • Up to 80 transactions

Hero

$405/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept
  • Monthly bank reconciliation
  • Monthly adjustments
  • Collaborative accounting
  • Training for 2 staff
  • Quarterly CFO report and roundup
  • Membership to business coaching community
  • Up to 200 transactions

superhero

$594/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept
  • Monthly bank reconciliation
  • Monthly adjustments
  • Collaborative accounting
  • Training for 2 staff
  • Quarterly CFO report and roundup
  • Membership to business coaching community
  • Up to 400 transactions

HYPERHERO

$810/ mo w GST

  • Review monthly accounts 
  • Advice on amendments
  • Expert support to complement your Finance Dept
  • Monthly bank reconciliation
  • Monthly adjustments
  • Collaborative accounting
  • Training for 2 staff
  • Quarterly CFO report and roundup
  • Membership to business coaching community
  • Up to 1000 transactions

Review & Advice

From $108/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept

Review & Reconcile

From $216/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept
  • Monthly bank reconciliation
  • Monthly adjustments

Accounting + Review & Reconcile

Hero 80

$216/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept
  • Monthly bank reconciliation
  • Monthly adjustments
  • Collaborative accounting
  • Training for 2 staff
  • Quarterly CFO report and roundup
  • Membership to business coaching community
  • Up to 80 transactions

Hero

$405/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept
  • Monthly bank reconciliation
  • Monthly adjustments
  • Collaborative accounting
  • Training for 2 staff
  • Quarterly CFO report and roundup
  • Membership to business coaching community
  • Up to 200 transactions

superhero

$594/ mo w GST

  • Review monthly accounts
  • Advice on amendments
  • Expert support to complement your Finance Dept
  • Monthly bank reconciliation
  • Monthly adjustments
  • Collaborative accounting
  • Training for 2 staff
  • Quarterly CFO report and roundup
  • Membership to business coaching community
  • Up to 400 transactions

HYPERHERO

$810/ mo w GST

  • Review monthly accounts 
  • Advice on amendments
  • Expert support to complement your Finance Dept
  • Monthly bank reconciliation
  • Monthly adjustments
  • Collaborative accounting
  • Training for 2 staff
  • Quarterly CFO report and roundup
  • Membership to business coaching community
  • Up to 1000 transactions

General Accounting FAQ

What are the accounting requirements for companies in Singapore?

All companies registered in Singapore are required to keep proper books and records of their accounts, including invoices, receipts, bank statements, tax and other financial information. Companies are also required to file financial statements and other documents, to ACRA each year.

Is there a timeline for filing accounts?

Yes. Companies must file their statutory accounts to ACRA within one month after the end of a financial year. Companies must also complete accounting and bookkeeping requirements within 18 months of incorporation.

Are there penalties for late filing?

Yes. Late penalties can be fines of up to S$5,000. In addition, such companies may be barred from filing their next accounts. Failure to file accounts can also lead to de-registration or a winding-up order.  

How long do I need to keep documents such as invoices, receipts, etc.?

Yes. Companies are required to keep documents, physical or digital, dating back to no less than 5 years.

How often should I review my bank statements?

At the very least once a month, and each transaction must to be reconciled when reviewing.

What kind of internal controls should I have to keep my accounts accurate?

Most important is to have a dedicated person recording all your account transactions accurately. Other controls you can implement are using a reliable accounting software, reconciling your accounts regularly, and dual authorisations for payments.

ACRA & BizFile FAQ

What is ACRA?

ACRA, the Accounting and Corporate Regulatory Authority, is the official registrar of companies and public accountants in Singapore.

Who is responsible for handling my company’s ACRA matters?

Your corporate secretary is the main contact point for ACRA to deal with your company.

Why do I need to file to ACRA every year?

This is for ACRA to ensure that your company continues to comply with the Companies Act, the Income Tax Act, and other applicable regulations.

Does ACRA provide any financial assistance for businesses?

ACRA does not provide any direct financial assistance to businesses. However, grants are available from other agencies such as PSG, EDG and more. Write to us to learn more about grants and what may be available for you.

How do I register my company as a GST company?

If your annual turnover is S$1 million or more, you can apply for GST registration with IRAS.

How often do I need to file my GST returns?

GST returns can be filed with IRAS monthly, quarterly or any time before due date given by IRAS.

Testimonials

Free yourself from the stress and
complications of maintaining
your accounts.

Free Yourself From The Stress And Complications Of Maintaining Your Accounts.

Free Yourself From The Stress And Complications Of Maintaining Your Accounts.

MFP Pte. Ltd. in Singapore, CT Hub 2 #07-83, 114 Lavender Street, Singapore 338729

MFP Pte. Ltd. in Singapore, CT Hub 2 #07-83, 114 Lavender Street, Singapore 338729

MFP Pte. Ltd. in Singapore, CT Hub 2 #07-83, 114 Lavender Street, Singapore 338729