Outsourced Accounting Services Singapore
Outsource your accounting function to SBS for transaction recording, bank reconciliation, receivables, payables and periodic financial reporting. Suitable for businesses that want dependable accounting support without building a full in-house accounting team.
- 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
Move the Recurring Accounting Work Outside Your Business
SBS can operate as your external accounting support team while your business retains control of approvals, source documents and commercial decisions.
Recurring accounting without adding an internal accounting headcount
Defined monthly or periodic deliverables
Handover and onboarding based on your existing records and systems
Outsourced accounting services
Use SBS as an External Accounting Team
Outsourcing is most effective when responsibilities are explicit. SBS can process agreed recurring accounting work while the company retains control over commercial decisions, approvals and source records.
Who this arrangement suits
Companies that do not want to recruit a full internal accounting team
Businesses with recurring accounting work but limited finance headcount
Companies that want a defined external accounting workflow and reporting cycle
What SBS can handle under the agreed scope
Recurring transaction processing
Bank and selected balance-sheet reconciliations
AP/AR accounting support where agreed
Periodic financial reports and year-end handover support
How this engagement starts
Map the work currently performed internally and identify what should move to SBS.
Agree document cut-offs, responsibilities, accounting frequency and reporting outputs.
Run the recurring accounting cycle with a defined query and approval process.
Questions specific to this requirement
Does outsourcing mean SBS controls our payments?
Not necessarily. Accounting processing and payment authorisation are separate responsibilities. The company can retain all payment approvals.
Can SBS work with an internal finance person?
Yes. SBS can take responsibility for agreed accounting tasks while an internal employee handles operations, approvals or management reporting.
What is needed for onboarding?
SBS typically needs access to the relevant accounting records, prior reports, bank information and an agreed document-handover process. The exact list depends on the engagement.
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.