Accounting Services

Accounting Services | Bestar

🇸🇬 Top-Tier Accounting Services in Singapore: Your Path to Financial Clarity

Are you a Singapore-based business owner or entrepreneur looking for reliable, professional accounting services to navigate the complexities of local compliance and drive growth?

In Singapore's dynamic and highly regulated business environment, robust accounting is non-negotiable.¹ It's more than just paying bills and filing taxes; it's about gaining financial clarity, ensuring ACRA compliance, and making strategic, data-driven decisions. Choosing the right accounting firm is critical to your success.

Why Choose Professional Accounting Services in Singapore?

Many businesses, especially SMEs and startups, struggle with the demands of in-house accounting. Outsourcing to a reputable Singapore accounting service provider offers significant advantages:

• Expertise in Local Regulations: Singapore has specific requirements from the Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS).² Professional firms stay updated on the latest standards, including the Singapore Financial Reporting Standards (SFRS).

  
  

• Focus on Core Business: Delegating bookkeeping, payroll, and financial reporting frees up your internal resources to concentrate on your main business activities and growth strategies.

  
  

• Cost-Efficiency: Outsourcing is often more cost-effective than hiring, training, and retaining a full-time in-house accounting department.

  
  

• Risk Mitigation: Minimize the risk of penalties, fines, or audits by ensuring timely and accurate statutory compliance for your company.

  
  

• Strategic Insights: Accountants don't just record history; they analyze your financial data to provide actionable insights for better budgeting, cash flow management, and profitability.

Essential Accounting Services for Singapore Businesses

A comprehensive accounting service provider should offer a tailored suite of services to meet the specific needs of your company structure (Pte Ltd, Sole Proprietorship, etc.).

Service Category	Key Offerings	Benefits for Your Business
Bookkeeping & Reporting	Daily transaction recording, General Ledger maintenance, Bank reconciliation, Accounts Payable/Receivable.	Accurate, real-time financial records for better decision-making and easy audit preparation.
Statutory Compliance	Preparation of annual unaudited financial statements, ACRA Annual Return filing, XBRL filing (if applicable).	Fulfils all mandatory statutory obligations, avoiding costly penalties.
Tax Services (IRAS)	Corporate Tax (Form C/C-S) filing, GST registration and quarterly/annual filing, Personal Income Tax filing.	Ensures timely tax submissions and optimizes tax liabilities legally.
Payroll Services	Monthly payroll calculation, CPF contributions, annual Form IR8A preparation and filing.	Confidential, compliant, and accurate staff compensation management.
Virtual CFO & Advisory	Financial planning, cash flow forecasting, budgeting, internal control setup, management reporting.	Provides strategic, high-level financial guidance for long-term growth.

Choosing the Best Accounting Firm in Singapore

Selecting a partner for your financial needs requires due diligence. Look for these key attributes:

• ACRA Registered & Certified: Ensure the firm is registered and their team consists of qualified professionals, such as Chartered Accountants of Singapore.

  
  

• Technology-Driven: The best firms utilize modern, cloud-based accounting software (like Xero, QuickBooks, or MYOB) to provide seamless, paperless service and secure data access.

  
  

• Proven Track Record: Look for positive testimonials and a history of successfully supporting businesses similar to yours in Singapore.

  
  

• Clear Communication: Your accountant should be a trusted advisor who explains complex financial matters clearly and responds to your queries promptly.

Get Started: Transform Your Financial Operations Today

Stop worrying about compliance deadlines and complex tax forms. Partner with a trusted provider of accounting services in Singapore to transform your finance function from a burden into a powerful tool for growth.

Ready to gain peace of mind and focus on scaling your business?

Bestar: Highly-Rated Accounting and Corporate Services for Singapore SMEs & Startups

Bestar is a prominent, well-reviewed corporate services provider in Singapore, highly regarded for offering comprehensive and tailored solutions that are particularly beneficial for SMEs and startups. The firm combines deep local expertise with a focus on delivering high-quality, professional services for business owners.

Why Bestar is a Top Choice for Growing Businesses

Bestar is consistently highlighted for its ability to serve as a one-stop solution for businesses setting up and scaling in Singapore, moving beyond basic bookkeeping to offer strategic support.

Key Area	Bestar's Value Proposition for SMEs/Startups
Comprehensive Services	Offers a full spectrum of services: Company Incorporation, Corporate Secretarial, Bookkeeping, Accounting, Tax Advisory, and Payroll Outsourcing. This allows startups to manage all compliance needs under one roof.
Expertise & Compliance	The firm is a Registered Filing Agent with ACRA and its professionals are often members of national accounting bodies like the ISCA (Institute of Singapore Chartered Accountants), ensuring strict adherence to local regulations (IRAS, ACRA, SFRS).
Customized Approach	Known for offering personalized service and customized solutions, recognizing that a startup's needs are often different from a mature MNC.
Digital Focus	Utilizes advanced technology and digital solutions to streamline accounting processes, enhance security, and provide real-time financial insights.
Advisory Support	Provides strategic guidance through business software consulting and advisory services, helping businesses not just comply, but also make informed financial decisions to drive growth.

Essential Services Bestar Offers to Startups and SMEs

Bestar's service packages are designed to cover the mandatory statutory and financial requirements for Singapore-registered private limited companies:

• Bookkeeping and Accounting: Accurate record-keeping, preparation of financial statements, bank reconciliation, and general ledger maintenance, crucial for ongoing operational clarity.

  
  

• Corporate Secretarial Services: Mandatory for all companies, this includes the Appointment of a Company Secretary, maintaining statutory registers, drafting resolutions, and managing the Annual General Meeting (AGM) and Annual Return (AR) filing with ACRA.

  
  

• Corporate Tax and GST Compliance: Expertise in filing Corporate Tax (Form C/C-S) and managing Goods and Services Tax (GST) registration, consultation, and quarterly/annual filing.

  
  

• Company Incorporation: Efficient and cost-effective packages to help new entrepreneurs establish their Private Limited Company in Singapore.

  
  

• Payroll Outsourcing: Handling monthly payroll calculation, CPF contributions, and year-end Form IR8A preparation, ensuring compliance with Singapore's employment laws.

Specific Pricing Tiers or Standard Packages Bestar Offers for Bookkeeping and Annual Compliance for a Typical Singapore SME

The pricing for accounting and compliance services in Singapore offered by Bestar is highly customized based on the specific needs of the SME or startup.

However, based on general pricing structures by Bestar, you can anticipate our fees to be structured around the volume of transactions and the scope of services required.

Here is a breakdown of the pricing structure and ranges you might see from Bestar reputable Singapore accounting firm:

Bestar's Bookkeeping & Annual Compliance Pricing Model

Bestar generally structures its fees in two primary ways:

1. Bookkeeping Services (Based on Transaction Volume)

Bestar uses a per-transaction rate or a tiered fee based on monthly volume. This is the most common model for SMEs and startups where transactions are frequent but volume is still manageable.

Metric	Bestar's Rate	Details
Per Transaction	S$5.00 per transaction	A "transaction" is typically a double-entry (Debit & Credit). This covers entering invoices, bills, receipts, and bank reconciliation.
Minimum Monthly Fee	Starts at S$150/month (for a low-volume business)	This acts as a base fee for very small, dormant, or low-activity companies.
Annual Bookkeeping	From S$350 per year	A cost-effective option for companies with extremely low activity that only need annual filing.

Note: For a typical, active SME, the monthly bookkeeping fee could range from S$250 to S$400+ per month, depending on how many transactions are processed.

2. Annual Compliance & Filing Packages

These services are often bundled together and cover the mandatory filings required by ACRA and IRAS each year.

Service Component	Typical Annual Fee	Bestar's Role
Financial Statements Compilation	From S$400−S$800	Preparation of unaudited financial statements in compliance with SFRS.
Annual Corporate Tax Filing (Form C-S/C)	From S$350−S$1,500	Computation and submission of the company's Corporate Income Tax return to IRAS.
ACRA Annual Return (AR) Filing	Often bundled with Corporate Secretarial services.	Filing the Annual Return via BizFile+ with the required documents.

Key Takeaway for Startups: Full-Service Packages

For a startup or small business aiming for full compliance and peace of mind, Bestar offers integrated packages that bundle:

1. Bookkeeping (Monthly/Quarterly)

2. Preparation of Unaudited Financial Statements (Annual)

3. Corporate Tax Filing (Annual)

4. Corporate Secretarial Services (Annual)

The total cost for such a comprehensive package will be based on your transaction volume and will likely fall in the range of S$4,000 to S$7,000+ per year.

Factors That Increase the Price

When seeking a quote from Bestar, be aware that the following factors will increase your final package price:

• High Transaction Volume: More bank entries, invoices, and bills to process.

  
  

• GST Registration & Filing: Mandatory if revenue exceeds S1million; requires quarterly filing (additional fees ∗∗S$150 - S$500 per quarter**).

  
  

• Payroll Services: Billed on a per-employee basis (S$15−S$40 per employee per month).

  
  

• XBRL Filing: Required for non-exempt companies (additional fee S$300−S$500).

To get the most accurate cost estimate, it is best to provide Bestar with an estimate of your annual transaction count and the specific compliance services you require.

Next Steps for Engagement

While Bestar is highly-rated for its comprehensive and high-quality service, schedule an initial consultation to discuss your specific business structure, industry, and exact service volume (e.g., number of monthly transactions or employees) to get an accurate, tailored quote.

To request a customized quote

Contact Bestar