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Professional Accounting and Bookkeeping Services in Singapore
3E Accounting is an ACRA-approved Corporate Service Provider and ACCA-approved employer offering full-scope accounting services in Singapore from monthly bookkeeping and financial statements preparation to XBRL filing, corporate accounting, cloud accounting via Xero and QuickBooks, and IRAS tax compliance. Our accounting and bookkeeping services are available on fixed monthly packages with no hidden charges, designed specifically for SMEs and growing businesses in Singapore.
See how 3E Accounting’s accounting services in Singapore will free you from the daunting day-to-day account maintenance through the following services.
Does Your Singapore Company Need an Audit?
Understanding whether your company requires a statutory audit is an important part of managing your accounting obligations in Singapore.
Your company is exempt from a statutory audit if it qualifies as a small company under the Singapore Companies Act. A small company must be a private company that meets at least two of the following three criteria for the immediate past two consecutive financial years: total annual revenue not exceeding S$10 million, total assets not exceeding S$10 million, and number of employees not exceeding 50.
Your company requires a statutory audit if it does not meet the small company criteria above, has a corporate shareholder, is a public company, or is in a regulated industry such as financial services or charities.
If your company requires an audit, 3E Accounting can assist through our associated audit firms.
Cloud Accounting Services in Singapore
What is so great about cloud accounting service? Cloud accounting is an online accounting method that enables you to perform your accounting operations over the internet. By using cloud accounting software, you can access it easily from anywhere at any time and from any device via web browsers as it runs on the server. All the physical limitations can be overcome and all your services can be done in a more efficient way.
Cloud accounting empowers businesses to perform accounting activities with ease and complete flexibility even if you do not have any background in accounting. At 3E Accounting, we are providing two types of Cloud Accounting Services, Xero Cloud Accounting Software and QuickBooks Online Services. You may choose either one to fit your business’ needs.
To compete with a business edge in Singapore, you need to stay abreast with the latest in technology. By choosing cloud accounting services in Singapore, you can easily compete with other industry players by managing your accounting operations smoothly.
Compilation Financial Statements and Reports Services in Singapore
All companies in Singapore, except exempt private companies and dormant companies, are required to file audited reports to ACRA. The companies must appoint an auditor within 3 months of incorporation. The auditor will audit your accounts before every annual submission. At 3E Accounting, you can engage with our full account services that cover audit service through associated audit firms. You can also use our tax services in Singapore to make things a lot easier. Find out more on Compilation Financial Statements and Reports Services in Singapore
XBRL Financial Report Services in Singapore
As per 1 November 2007, ACRA requires incorporated companies in Singapore to file their financial statements in XBRL. XBRL is the eXtensible Business Reporting Language, a special computer language used to present financial statements based on online records or transfers. The records can be transferred directly to auditors, financial analysts, and regulators for many purposes. XBRL provides value-added financial information, improved transparency, reliability, and timely dissemination of relevant financial information. Find out more on XBRL Financial Report Services in Singapore
Accounting | Bookkeeping Services in Singapore
To help your company submit your annual audited financial statements to ACRA and IRAS, 3E Accounting’s experienced accountants will do proper accounts management. Their proper bookkeeping will facilitate day-to-day account maintenance and drafting of financial statements as well as providing insight into the actual financial condition of your company. At 3E Accounting, an appointed accountant will work close to you to help with the accounts, reports, and related issues. Find out more on Accounting | Bookkeeping Services in Singapore
Setup of Accounting System Services in Singapore
All companies need proper accounting and bookkeeping system. It can take a lot of time and efforts to be done all alone. 3E Accounting offers help in setting up your accounting system based on your company’s unique need, with the use of right accounting software. Accounting software is proved to increase efficiency, ability to record and analyze, and improve your financial condition. Find out more on Setup of Accounting System Services in Singapore
Consolidation Accounts Services in Singapore
Multi-national corporations in Singapore must accurately represent the financial result of the company for investors and related parties. A financial statement is a reflection of the whole financial result for all entities associated with the companies. Consolidation accounts service, of accounting services in Singapore, ensure the financial statements of the parent company and the subsidiary are proper and relevant. Find out more on Consolidation Accounts Services in Singapore
Dormant Company Package Fee in Singapore
We understand that sometimes business is at its low, you may consider to slow down the business. However, you still want to sustain the company at low cost so that you can recommence the business easily when you are ready. As a leading corporate services provider, 3E Accounting always wanted to help SME in Singapore by providing our customers with efficient and effective services at economical prices. Find out more on Dormant Company Package Fee.
To engage with the reliable services of Accounting Services in Singapore, please contact us via email.
Frequently Asked Questions
Yes. Under the Singapore Companies Act, all companies incorporated in Singapore are required to maintain proper accounting records from the date of incorporation. Financial statements must be prepared in accordance with Singapore Financial Reporting Standards (SFRS). These records must be kept for at least 5 years and are used for ACRA annual return filing, IRAS tax submissions, and statutory audit purposes where required.
At a minimum, every Singapore company needs monthly bookkeeping, annual financial statements preparation, XBRL filing with ACRA (for qualifying companies), ECI submission to IRAS within 3 months after the financial year end, and Form C-S or Form C submission to IRAS by 30 November each year. GST-registered companies also require quarterly GST return filing. Companies that do not qualify for audit exemption additionally require a statutory audit annually.
The cost of accounting services in Singapore varies based on the volume and complexity of transactions. 3E Accounting offers fixed monthly bookkeeping packages starting from S$109 W/GST per month for dormant or very low-activity companies, with standard SME packages ranging from S$200 to S$600 per month depending on transaction volume.
XBRL (eXtensible Business Reporting Language) is a digital format for financial statements required by ACRA for certain Singapore companies. Companies that have a corporate shareholder and are active for the financial period, or companies that are insolvent, must submit their financial statements in XBRL format together with their annual return to ACRA via BizFile+. Smaller exempt private companies may use a simplified XBRL template. 3E Accounting prepares and files XBRL financial statements as part of our annual accounting service packages.
Bookkeeping refers to the day-to-day recording of financial transactions, including sales, purchases, receipts, and payments. Accounting is the broader function of interpreting, classifying, analysing, and reporting on those records to produce financial statements, tax returns, and compliance filings. 3E Accounting provides both bookkeeping and accounting services in Singapore as an integrated service, ensuring your records are accurate and your compliance obligations are met on time.
A Singapore company is exempt from statutory audit if it qualifies as a small company, a private company meeting at least two of three criteria: annual revenue not exceeding S$10 million, total assets not exceeding S$10 million, and no more than 50 employees for the past two consecutive financial years. Companies that do not meet these criteria, have corporate shareholders, or operate in regulated industries require a statutory audit. 3E Accounting can assist through our associated audit firms.
Yes. 3E Accounting supports both Xero and QuickBooks Online for cloud accounting services in Singapore. Both platforms are IRAS-compatible, support multi-currency transactions, and allow real-time collaboration between your team and our accountants. 3E Accounting handles the full setup, chart of accounts configuration, and ongoing bookkeeping using your preferred platform. Both are suitable for Singapore SMEs and are accepted for IRAS and ACRA reporting purposes.
Switching your accounting services to 3E Accounting is straightforward. You provide us with your existing accounting records and files, and our team handles the migration, reconciliation, and system setup.
