Annual Accounting Services Singapore
For lower-activity companies that do not require monthly reporting, SBS can assess whether an annual accounting engagement is appropriate and quote according to transaction volume and record condition.
- 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
Year-End Accounting for Lower-Activity Companies
Annual accounting is not suitable for every business. We first assess transaction activity, reporting requirements and the condition of your records.
Scope based on actual annual transaction activity
Reconciliation and year-end accounting support
Separate financial-statement and tax work can be scoped where required
Annual accounting
Year-End Accounting for Lower-Activity Companies
Annual accounting can be appropriate where transaction activity is limited and management does not require monthly financial reporting. SBS first checks whether an annual cycle is suitable for the company’s actual activity and obligations.
Who this arrangement suits
Lower-activity companies with manageable annual transaction volume
Businesses that do not require monthly management accounts
Companies with organised source records that can be provided for the full financial year
What SBS can handle under the agreed scope
Annual transaction processing under the agreed scope
Bank and ledger reconciliation
Year-end accounting schedules and records
Handover into separately engaged financial-statement or tax work where required
How this engagement starts
Review annual transaction activity, number of accounts and record condition.
Confirm whether annual processing is appropriate and identify any missing records.
Complete the agreed year-end accounting work and resolve outstanding reconciliation items.
Questions specific to this requirement
Is annual accounting suitable for an active trading company?
Not always. More active companies often benefit from a more frequent accounting cycle. SBS assesses the workload before recommending the frequency.
Can annual accounting be changed to quarterly or monthly later?
Yes. The frequency can be revised if activity or reporting needs increase.
Does annual accounting automatically include tax filing?
No. Accounting and tax compliance are separate scopes unless expressly included in the engagement.