Accounting & Bookkeeping Services

Why Bookkeeping and Compliance Matter in Singapore?

In Singapore's highly regulated business environment, proper bookkeeping is not just a best practice. It is a legal obligation. Accurate and timely financial records form the foundation for tax filing, corporate reporting, and informed decision-making.

99% of Businesses Are SMEs

SMEs make up 99% of Singapore’s registered entities and employ over 70% of the workforce

Informed Decisions Start with Clean Books

Accurate bookkeeping provides business owners with real-time insights for budgeting, planning, and growth.

Enables Timely and Accurate Tax Filing

Do you know IRAS requires all businesses to retain accounting records (such as invoices, receipts, and bank statements) for at least five years from the relevant Year of Assessment?

Bookkeeping ensures that your tax returns such as ECI and Form C/C-S are based on actual figures. Without reliable records, your business may underreport or overreport its taxable income, leading to compliance risks and penalties.

Key accounting and bookkeeping services we offer!

Financial Health Check

Free initial review for new clients

Management Reports

Custom reports to guide business

Bank Reconciliation

Match bank statements with ledgers to track real balances

SFRS Financial Statements

Compliant with Singapore Reporting Financial Standards

Bookkeeping Plans

Monthly, Quarterly, or Yearly recording of transactions and ledgers

Supporting Compliance Services

In addition to core bookkeeping and financial reporting, we offer a range of integrated services that ensure full compliance with Singapore’s regulatory requirements. These services are commonly bundled with our accounting plans for a seamless experience.

GST Filing and Compliance

For GST-registered businesses, Colab Advisory assist with the preparation and filing of GST F5 returns and ensure your input tax claims meet IRAS standards. We also help maintain GST audit files and reconciliation schedules.

Payroll Processing and CPF Submissions

At Colab Advisory, we assist to manage monthly payroll processing, generate payslips, and submit CPF contributions to the CPF Board. Our service ensures that your staff are paid correctly and your business complies with MOM and CPF regulations.

IRAS Liaison Support

At Colab Advisory, we act on your behalf in communicating with IRAS for notices, clarifications, or audit queries. Our team ensures timely responses with professionally prepared documentation.