Accounting

We provide a full spectrum services such as accounting services, preparation of unaudited financial statement and XBRL financial reporting at a reasonable and competitive price.

Accounting services

All companies registered in Singapore are required to keep proper books of accounts by law. Our accounting services provide the following;

  • Professional accounting services provided on monthly, quarterly and annual basis
  • Preparation of a full range of management report including:-
    • Statement of Financial Position
    • Statement of Comprehensive Income
    • Statement of Cash Flows
    • Trial Balance
    • General Ledger
    • Accounts Receivables and Payables Listing
    • Fixed Assets Listing
    • Other Schedules

Preparation of Unaudited Financial Statements

All companies including dormant and exempt private companies, are required to prepare statutory financial statements that comply with the requirements of the Companies Act, Cap. 50 and Singapore Financial Reporting Standards. Companies may state that their financial statements have been prepared in accordance with Financial Reporting Standards (FRSs) only if they have complied with all FRSs and Interpretations of Financial Reporting Standards (INT FRSs) issued by the Accounting Standards Council. Our compilation of unaudited financial statements package including the following:-

  • Directors’ Statement
  • Statement of Financial Position
  • Statement of Profit or Loss
  • Statement of Changes in Equity
  • Statement of Cash Flow
  • Notes to the Financial Statements

XBRL Financial Report

All Singapore incorporated companies (unlimited or limited by shares) unless exempted are required to file their financial statements with ACRA will be required to file a full set of financial statements in XBRL format.

In general, all Insolvent Exempt Private Companies (EPCs) will be required to file XBRL. Please refer to ACRA website for current exemption criteria.

Our Services include:

  • Preparation of full set of financial statements in XBRL format
  • Preparation of XBRL Financial Highlights
  • Ensuring that the Bizfile Validation is completed and approved.

Document required for preparation of XBRL reporting:

  • FRS Financial Report in MS Word format. Additional fees apply if only PDF format is available.

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