Accounting & Bookkeeping Services in Singapore
Accurate records are the foundation of every filing your company makes. PC Lee & Co provides accounting services in Singapore together with monthly bookkeeping, GST filing and financial statements prepared under the Singapore Financial Reporting Standards (SFRS). We have served Singapore businesses since 1976.
Serving Singapore businesses
Recognised by ACRA to file on your behalf
Core team affiliated with ISCA
Far East Shopping Centre, #10-06
Bookkeeping and Accounting Solutions for SMEs
Keeping proper accounting records takes time. When you outsource them to us, your monthly ledgers flow straight into your GST returns, financial statements and corporate tax filing, all handled by one team. Your financial statements are then filed with ACRA through our annual filing services.
We understand the cash-flow pressures growing businesses face, so our SME accounting services in Singapore are tailored to your size and transaction volume.
Our Accounting & Bookkeeping Services
Record-Keeping and Reporting Requirements
Key requirements for a Singapore private limited company.
| Requirement | Rule | Timeline |
|---|---|---|
| Keep accounting records | Companies Act and IRAS | Keep for at least 5 years |
| Prepare financial statements | Singapore Financial Reporting Standards (SFRS) | Every financial year |
| File financial statements with ACRA | With the Annual Return, unless exempt (e.g. a solvent exempt private company) | Within 7 months after FYE |
| Register for GST | Compulsory when taxable turnover exceeds S$1 million (past calendar year, or expected in the next 12 months) | Apply within 30 days of becoming liable |
| File GST returns (GST F5) | GST-registered businesses | Within 1 month after the end of each accounting period |
| Pay CPF contributions | Employers of Singapore Citizen and PR employees | By the 14th of the following month |
This is a general guide. The deadlines that apply to your company depend on its circumstances, and we confirm them with you.
Who Our Accounting Services Are For
How We Work With You
Understand your business
We review your transaction volume, systems and reporting needs.
Agree the scope
We recommend a monthly, quarterly or yearly arrangement and confirm the fee before work begins.
Set up and clean up
We set up your accounting software and clear any backlog.
Report regularly
You receive up-to-date accounts, GST returns and year-end financial statements.
Why Choose PC Lee & Co for Accounting Services
Related Guides
Frequently Asked Questions
What is outsourced accounting?
Engaging an external firm to handle your bookkeeping, financial reporting, GST filing and related compliance. It suits SMEs that want professional support without an in-house accounting team.
What is the difference between bookkeeping and accounting?
Bookkeeping records day-to-day transactions, such as receipts, invoices and bank reconciliations. Accounting uses those records to prepare financial statements under SFRS and to support tax filing. We handle both.
What does a monthly bookkeeping service include?
Recording sales and purchases, reconciling bank accounts, processing payroll journals and keeping receipts in order every month, so you always have an up-to-date profit and loss statement and balance sheet.
How long must my company keep its accounting records?
At least five years, under both the Companies Act and IRAS rules.
When must my company register for GST?
When its taxable turnover exceeded S$1 million in the past calendar year, or is expected to exceed S$1 million in the next 12 months. The application must be made within 30 days of becoming liable. Companies below the threshold can register voluntarily.
How much do accounting services cost?
It depends on your transaction volume and how often you need reports. Tell us about your business and we will confirm the fee before any work begins.
Where is your office?
At 545 Orchard Road, #10-06 Far East Shopping Centre, Singapore 238882. We are happy to meet in person for financial reviews.
Get Accurate Books and On-Time Filings
Let our qualified team handle your bookkeeping, accounts and GST so you have clear figures for every decision.
