Change Your Accountant in Singapore — SBS Accounting Takeover
If you want to move your accounting work from another provider, SBS can review the existing records, identify the handover information required and propose a clean takeover scope for the next accounting period.
- Singapore Accounting Firm Serving Businesses Since 2010
- Monthly, Quarterly & Annual Accounting
- Bank Reconciliation, AP/AR & Financial Reporting
- Clear Scope & Tailored Fee Before Work Starts
Matched to Your Accounting Requirement
A Controlled Handover From Your Existing Accounting Provider
The first objective is continuity: establish what records are available, what period is complete and what remains outstanding before the next accounting cycle begins.
Review existing ledgers, reports and reconciliation status
Identify missing handover records before commencement
Agree the cut-off date and next accounting period with SBS
Accounting provider takeover
Change Accounting Provider Without Losing Continuity
A takeover should establish exactly where the previous provider stopped, which periods are complete and whether the opening balances are properly supported before SBS begins the next accounting cycle.
Who this arrangement suits
Companies changing from another accounting firm
Businesses bringing an inconsistent accounting process under a new provider
Companies that need a clear cut-off between the outgoing provider and SBS
What SBS can handle under the agreed scope
Review of available ledgers, reports and reconciliation status
Identification of missing handover information
Agreement of takeover cut-off and opening position
Recurring accounting after the handover is established
How this engagement starts
Collect the latest accounting reports and establish the last completed period.
Identify unreconciled balances, missing documents and responsibilities of the outgoing provider.
Agree the SBS commencement date and move into the new recurring accounting cycle.
Questions specific to this requirement
Do we need to wait until year-end to change accountants?
Not necessarily. The key issue is establishing a reliable cut-off and obtaining the records required for a clean handover.
What if the previous accountant has not completed the records?
SBS can assess the incomplete position and determine whether separate catch-up work is needed before normal recurring accounting starts.
Can SBS contact the outgoing provider?
The handover approach depends on the engagement and the company’s authorisation. SBS can identify the records that should be obtained for continuity.
What SBS Can Handle for Your Accounts
Choose the scope that matches your business. SBS can handle routine accounting records through to regular financial reporting and year-end accounting support.
Transaction Recording
- —Sales and purchase transactions
- —Receipts and payments
- —Journal entries
- —General ledger maintenance
- —Account coding
Bank Reconciliation
- —Bank transaction reconciliation
- —Identification of unreconciled items
- —Balance reconciliation
- —Multiple bank accounts where applicable
Receivables & Payables
- —Accounts Receivable
- —Accounts Payable
- —AR ageing
- —AP ageing
- —Outstanding-balance reporting
Financial Reporting
- —Profit & Loss
- —Balance Sheet / Statement of Financial Position
- —Statement of Changes in Equity
- —Cash Flow Statement
- —General Ledger
- —Management reports
Multi-Currency Accounting
Support for companies operating with transactions or bank accounts in multiple currencies, subject to the agreed scope.
Year-End Accounting Support
- —Year-end account closing
- —Trial balance review
- —Financial-report preparation
- —Accounting schedules required for year-end compliance
Corporate tax filing, GST filing, XBRL, payroll and other compliance services are separately scoped unless expressly included in the quotation.
Accounting Support That Matches Your Business
Not every company needs the same accounting frequency. SBS can structure the engagement around the way your business operates.
Monthly Accounting
Best suited to companies that want regular financial records and reporting.
- —Monthly transaction recording
- —Monthly reconciliation
- —AP / AR
- —Regular reports
- —Management visibility
Quarterly Accounting
Suitable for SMEs that do not require monthly reporting but want their accounts updated periodically.
- —Quarterly transaction recording
- —Quarterly reconciliation
- —Periodic AP / AR updates
- —Quarter-end reports
Annual Accounting
Suitable for smaller or lower-activity companies mainly requiring accounts brought together for year-end reporting.
- —Annual transaction compilation
- —Year-end reconciliation
- —Annual financial reporting
- —Year-end accounting support
Already Have an Accountant? Switching to SBS Can Be Straightforward.
If your current accounting arrangement is no longer working for your business, SBS can review the available records and advise what is required to take over the accounting work.
Tell Us Your Current Situation
Whether the accounts are current, incomplete or behind.
SBS Reviews the Handover
We assess what records are available and what accounting work is required.
SBS Takes Over the Agreed Scope
After onboarding, SBS proceeds with the agreed accounting work and reporting frequency.
Accounts Behind?
If several months of accounting have not been completed, tell SBS where the accounts currently stand. We can assess the outstanding work and quote separately for catch-up accounting.
Ask About Catch-Up AccountingA Practical Accounting Partner for Singapore SMEs
Serving Singapore Businesses Since 2010
SBS has operated in Singapore since 2010 and provides accounting and related corporate-compliance services to local and foreign-owned companies.
Flexible Accounting Frequency
Monthly, quarterly, half-yearly or annual arrangements can be scoped according to your business needs and transaction activity.
Accounting Beyond Data Entry
- —Reconciliation
- —AP / AR
- —Ageing
- —Financial statements
- —Multi-currency accounting
- —Management reporting
One Firm for Related Compliance
Where separately engaged, SBS can also assist with:
- —Corporate taxation
- —GST
- —XBRL
- —Payroll
- —Directors' report / financial statements
- —Corporate secretarial work
These services are quoted separately and do not form part of the accounting package unless expressly included.
Human communication. Need clarification? Speak with the SBS team by phone or email.
What SBS Clients Say
“A month before the end of the financial year, we lost our Finance Manager. SBS Consulting was able to seamlessly take over our payroll requirements without any issues whatsoever, they made the process simple, effortless and very affordable. I would recommend SBS Consulting to anyone looking for a professional and competent company to assist in their accounting needs.”
“We are very pleased with the quality of service your company provides. We sincerely appreciate your responsiveness and the way you conduct business. We have recommended your company to others because of our satisfaction with your service.”
“We are very pleased with the service and professionalism provided by SBS Consulting Pte Ltd. In addition to registration, accounting and tax services you have assisted us with advise to better operate our business in Singapore. We happily recommend your services.”
Accounting Fees Based on Your Actual Requirements
Accounting fees depend on the volume and complexity of the work required.
Accounting Frequency
Monthly, quarterly or annual arrangements.
Transaction Volume
Number and complexity of transactions.
Accounts & Currencies
Bank accounts, payment platforms and currencies.
Reporting Requirements
Regular reports, GST accounting and year-end requirements.
Get a Fixed Quote
Tell SBS briefly about your business and we will advise the appropriate scope and professional fee.
Getting Started Is Simple
Tell SBS What You Need
Submit the short form, WhatsApp or call.
We Review the Scope
SBS assesses accounting frequency, transaction activity and reporting requirements.
Receive Your Accounting Proposal
SBS advises the required scope, fee and information needed to begin.
Frequently Asked Questions
Accounting fees depend on transaction volume, accounting frequency, number of accounts/currencies and reporting requirements. Send SBS your requirements and we will provide the appropriate scope and quotation.
Yes. SBS provides monthly, quarterly, half-yearly and annual accounting arrangements depending on the company's requirements.
Yes. SBS can review the accounting records available and advise what is needed for the handover and ongoing accounting scope.
SBS can assess incomplete or backlog accounting and advise the work and fee required to bring the records up to date.
Depending on scope, reports can include Profit & Loss, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement, General Ledger, AP/AR ageing and management reporting.
Corporate tax is separately scoped unless expressly included in the quotation. SBS also provides corporate income tax services and can quote accounting and taxation together where required.
Yes, SBS provides GST accounting, GST registration and GST filing services. GST work should be included only where specifically agreed in the scope.
Yes, subject to the volume and complexity of the company's transactions.
No. You can submit the online form, call SBS or send a WhatsApp enquiry. SBS will advise the information required.
Need Help With Your Company's Accounts?
Whether you need monthly accounting, annual accounts, catch-up work or want to switch accounting providers, speak with SBS about the appropriate accounting arrangement for your company.