The 5 Best Accounting Services in Singapore 2022

Best Accounting Services in Singapore
Best Accounting Services in Singapore
Image: Bestar

Managing taxes, updating and keeping records of costs is essential for even the small businesses operating in Singapore. These measures will help you avoid any legal matters and assist in ensuring a smooth cash flow that you can utilize to expand your business.

When we talk about business accounting, complexity is probably the first thing that comes to mind. However, finding an accounting firm can be challenging due to the limited awareness of business owners related to accounting principles and laws.

Our team has worked their magic to find the 5 best accounting services in Singapore [2022 review] to help you avoid the high costs of recruiting an accountant for your small business. So let’s check it out!

1. Counto

Counto Image: Counto
  • Best for
    Start-ups and small businesses
  • Address
    100 Amoy St Singapore, Singapore 069920
  • Phone
    +65 3159 4255
  • Website
  • Email
    hello@mycounto.com
  • Counto was founded by a couple of computer engineers with the mission of reducing accounting costs for start-ups and small businesses. True enough, Counto has remained true to its mission and is one of the most sought-after accounting firms in Singapore today.

    Counto relies on its own IRAS-approved tax software, which efficiently eliminates the need for manual processes and drastically lowers services costs. This AI-powered technology also simplifies accounting tasks, resulting in faster and quicker transactions.

    Counto offers a wide range of accounting services including bookkeeping, tax filing, data analytics, forecasting, and payment solutions.

    Highlights

    • Counto is composed of finance executives and technologists who possess decades of work experience with top global companies like Credit Suisse, JP Morgan, and Google.
    • Pricing for Counto’s service packages is based on the client company’s revenues. The lesser your income, the less you pay.
    • Counto runs a well-designed and secure platform that is easy to navigate even for non-tech savvy business owners. Newly transferred clients can also smoothly integrate their existing systems and software to the Counto system, hassle-free.
    • Counto’s customer service team works round the clock and is available 24/7. You can rely on them even on weekends, holidays, or in the middle of the night.

    SERVICES:

    • Accounting services for regular businesses
    • Accounting services for tech start-ups
    • Accounting services for online sellers
    • Tax filing services
    • Incorporation services
    • Company Secretary services

    PRICES:

    • Annual reporting: Starts from S$750/year
    • Monthly reporting: Starts from S$80/month
    • Virtual CFO: S$500/month
    • Tax preparation package: Starts from S$300
    • Incorporation + Company Secretary: S$800
    • Incorporation + 1st year compliance: S$125/month
    • Company Secretary: Starts from S$300/year

    2. Reliance Consulting

    Reliance Consulting Image: Pixabay
  • Best for
    Multiple packages
  • Address
    100 Cecil Street#08-01/02, The Globe Singapore 069532
  • Phone
    +65 6236 5710
  • Website
  • With an experience of over a decade, Reliance Consulting is among the most trusted accounting firm on the island. They have been providing outclass services to their clients within Singapore and overseas as well.

    Reliance Consulting offers an extensive range of services starting from conventional accounting services, payroll, taxation consultation, company registration, etc. Thus, they have their strong presence in almost every sector while precisely orienting themselves for small businesses.

    To ensure that their services are perfectly aligned with the customers' requirements, they constantly conduct market research to improve their quality. Due to this, their experts are skilled enough to understand all your needs with a personalized solution.

    Highlights

    • Reliance Consulting has accountants and auditors with years of experience that would surely help you get the solution of every complex matter.
    • Due to the high quality and extensive range of services, the company has made its mark in countries other than Singapore.
    • The company offers multiple packages that can also be customized to your specific needs, which will give you a wide choice depending upon your situation.
    • Time is undoubtedly valuable, and this is why the experts at Reliance Consulting are passionate about offering you quick solutions.

    SERVICES:

    • Incorporation services
    • Corporate secretarial services
    • Outsourced accounting services
    • Payroll services
    • Auditing and assurance services
    • Taxation services
    • Accounting consultancy services
    • Advisory services
    • Bundled services

    PRICES:

    • $229 for emerging businesses having up to 40 transactions per month
    • $549 for evolving businesses having up to 80 transactions per month
    • $949 for established companies having up to 180 transactions per month
    • $1,899 for corporate companies having up to 380 transactions per month

    3. Margin Wheelers

    Margin Wheelers Image: Margin Wheelers
  • Best for
    Affordable prices
  • Address
    21 Bukit Batok Crescent#15-75, WCEGA Tower Singapore 658065
  • Phone
    +65 6272 0820
  • Website
  • Email
    enquiry@marginwheeler.com
  • Margin Wheelers takes pride in offering top-notched services to small businesses across Singapore at affordable prices. So whether you are interested in incorporating the companies or looking for an accounting consultancy firm, they cover everything under the hood.

    The qualified and expert crew maintained by the company is multi-disciplinary and has experience in various sectors. This makes them capable of understanding and effectively respond to every need of the clients.

    With all these qualities, they distinguish themselves clearly from the competition in terms of the prices. Furthermore, the website enlists all the expenses with no hidden fees involved, which will undoubtedly give you additional peace of mind.

    Highlights

    • Margin Wheelers has a prime focus on innovation, and they offer only high-quality services considering the varying needs of customers.
    • The company has experts and qualified professionals with their experience in almost every sector to make them the best.
    • Margin Wheels offers low prices that will never be heavy on your pockets while you will be getting nothing lesser than the best.
    • The company provides multiple packages to choose from, and you can always get a competitive quote for any customized offering.

    SERVICES:

    • Incorporation services
    • Corporate secretary
    • Accounting services
    • Auditing services
    • Work pass services
    • Taxation services
    • HR, admin, and data protection services
    • Trademark services

    PRICES:

    • Incorporation services start from $500 per year
    • The corporate secretary begins from $300 per year
    • Accounting services starts from $2,000 per year
    • Auditing services starts from $500 per audit
    • Work pass services start from $200 per application
    • Taxation services start from $200 per year
    • HR, admin, and data protection services start from $50 per employee

    4. Win Global Solutions

    Win Global Solutions Image: Win Global Solutions
  • Best for
    XBRL financial statements
  • Address
    Win-Biz Solutions The Splendour 31 Bukit Batok Crescent #01-22
  • Phone
    +65 9177 9846
  • Website
  • Email
    ykh@wingroup.org
  • Win Global Solutions has more than 25 years of experience in the multiple disciplines of accounting. The company proudly brands itself as one of the finest accounting service providers in Singapore.

    If you are concerned about the accounting strategy of your new venture, selecting Win Global Solution will never be a regret. Besides offering specific accounting solutions such as record keeping, tax consultancy, and others, they provide personalized solutions.

    Customer services are another strength of Win Global Solutions as they put clients' requirements at the center of their activities. In addition, the staff is regularly trained to ensure the services are above and beyond the clients' expectations.

    Highlights

    • Win Global Solutions is specialized in XBRL financial statements, and you can entirely rely on them for all the complexities involved in the process.
    • With multiple years of experience, Win Global Solution has the right capability to meet the diversified needs of small businesses.
    • If you are looking for personalized business accountancy services, Win Global Solution would always be your preferred choice due to its extensive expertise.
    • Win Global Solutions offer free business evaluation services for companies operating in Singapore that you can use to find the gaps.

    SERVICES:

    • Accounting services
    • Corporate services
    • Human resources management services
    • Payroll services
    • XBRL conversion services
    • Accounting software services
    • Business development services
    • Taxation services

    PRICES:

    • Accounting services start from $200 per month
    • Income tax services start from $300 per annum
    • Incorporation services start from $105 per application
    • Secretary services start from $300 per annum
    • Human resource management services start from $300 per annum

    5. Bestar

    Bestar Image: Bestar
  • Best for
    Exceptional customer services
  • Address
    23 New Industrial Road#04-08 Solstice Business Center Singapore 536209
  • Phone
    +65 6299 4730
  • Website
  • Email
    admin@bestar.asia
  • Starting your business with a vague knowledge of accounting and other legal requirements is challenging. However, with Bestar, this step would be super easy for you as they pride themselves on offering customized services tailored to your needs.

    Whether you are jumping into the developed market of information technology or having your grounds in the automotive or even the healthcare sector, the experts at Bestar are knowledgeable enough to cater to your accounting requirements. Moreover, they will never disappoint you with the consultancy, no matters what the problem is.

    You will feel yourself a priority whenever you will get in touch with their efficient customer services staff. This doesn't end here as they also offer free of cost consultancy service for one hour on the problem of your choice.

    Highlights

    • Bestar is best known for its exceptional customer services and efficient response time with an effective solution to your problems.
    • Bestar is among few accounting service providers in Singapore who offer their services internationally, which means you can access them even if you are going global,
    • The company provides free one-hour consultancy services, which will be enough for you to solve your financial problems.
    • The company critically focuses on the digitalization of its services and will also positively contribute towards the noble objective of sustainability by saving papers.

    SERVICES:

    • Audit and assurance services
    • PDPA data protection advisory services
    • Escrow services
    • Corporate secretarial services
    • Accounting and book-keeping services
    • Taxation services
    • Business valuation services
    • Payroll services
    • License application services

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