Accounting & Bookkeeping Services in Singapore

Accountants That Make a Difference

Looking for accounting & bookkeeping services in Singapore? At Chartsworth, we are a Chartered Accountancy Practice that is passionate in helping your business thrive. Accounting is our passion, but probably not yours. By outsourcing your accounting, we take over the admin routine and enable you to focus on growing your business and moving it on to the next stage of growth.

Spending Too Much Time on Accounting Processes?

Unlock your business potential by outsourcing your accounting and bookkeeping needs to Chartsworth, Singapore’s trusted accounting firm. Specializing in services for small businesses and corporate groups requiring account consolidation, Chartsworth ensures accurate financial record-keeping, allowing you to focus on growing your business. Partner with Chartsworth today and dedicate more time to what you do best—running your business.

We offer Cloud Accounting Services

The business environment is constantly evolving and we use technology to move forward with your business. We offer cloud accounting & bookkeeping services which is essentially a virtual office giving you the flexibility and real-time access to your financial information at your fingertips, on any digital device, wherever you are, without the hassle of purchasing and maintaining expensive systems and equipment. That’s what makes us different from other accounting service providers in Singapore.

Why Outsource Your Accounting & Bookkeeping?


More hours in your day

Accounting & bookkeeping is an essential but time-consuming aspect for every business in Singapore. Doing your own accounting can take up to 12 hours every month (or more). Free up your precious time by outsourcing these services to us.

Dedicated accountant

A dedicated accounting expert

Your accounts are handled by our professional accountants with extended knowledge and experience. By engaging a trusted accounting & bookkeeping services company in Singapore, you enjoy lower business costs compared to hiring a full-time in-house accountant.

Accurate financials

Don’t look back at the end of the financial year and wonder how your business performed. We close your books every month, so you have accurate numbers and detailed reports to make timely business decisions.

How Our Accounting & Bookkeeping Service Works


We get you set up

Whether you are a start-up or switching your accounting & bookkeeping service provider to Chartsworth, our dedicated expert will be here to assist. We get you onboarded, understand your business, and gather everything we need on your finances.


We do your accounting online

Say goodbye to paper documents. Snap a phone picture or drag and drop your files onto our online platform anytime. We will organise the documents from there and work on your books. Our expert team is assisted by powerful software and the process is reliable.


We deliver intuitive financial reports

We deliver a detailed report containing your profit and loss statement, balance sheet, general ledger, account receivables and payables summary etc. You can easily track business health and run your organisation with a clear picture of the numbers.


We support everything from tax filing to statutory reporting

Our accounting services doesn’t stop at monthly financial reporting. We cover compilation of annual financial statements, tax preparation and annual returns filing with ACRA. We keep track of filing deadlines so you don’t have to.

Accounting Price Plans

We work with businesses at any stage in their lifecycle.

Choose a package that suits your needs


S$1,500 per year
to take care of your yearly accounting and tax obligations.


S$2,640 per year
to take care of your accounting on a quarterly basis.

Monthly Starter

S$350/mth, paid annually
Or $466/mth, paid monthly

Monthly Plus

S$500/mth, paid annually
Or $666/mth, paid monthly

Custom Plan

Can’t find a plan that fits you? No worries, contact us directly or request a callback from us and we can customize a plan that fits your requirements.

Additional services you may need

We offer the following service to meet your specific business needs.

Get in touch with us if you need a customised solution

Preparation of annual financial statements

from S$600

Tap on our services to compile the annual financial statements based on your management accounts

Preparation of consolidated financial statements

from S$1200

When your company needs to present financial statement of the parent and subsidiary as a single entity

Account consolidation service (parent company with 1 subsidiary)

from S$1000

  • Combine income, expenses, assets, liabilities, equity and cash flows of parent and subsidiary, incorporate consolidation adjustment and present the numbers as a single economic entity.
  • Additional $300 for each subsequent subsidiary.

Preparation of XBRL

from S$500

Required to be filed together with Annual Return to ACRA

Multi-currency accounting

S$200 per year

When your company transacts in more than one currency

GST registration / deregistration

from S$500

We register / deregister your company for GST.

Submission of GST return

from S$300 per quarter

Preparation and filing of Form 5

Reconstruction of accounts

from S$1200

When your company needs to reconstruct financial records for audit or tax purposes.

Liaison with Auditor

from S$1200

Liaise with external auditor and handle auditors’ queries on your behalf

Ask for a quote!

Got a question? Our lovely Singapore-based qualified accounting advisors are always ready to come to your rescue. If your enquiry is urgent, we will be happy to take your call.

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FAQs about Outsourcing Accounting Services in Singapore

Singapore, you’re welcome to come by our office to meet them!

We will never outsource any work offshore. They are taken care by a carefully selected team of professional accountants who have tremendous knowledge about accounting and Singapore Financial Reporting Standards (SFRS).

We help entrepreneurs, small businesses and medium-sized firms with all accounting and bookkeeping services for their business needs. Whether it’s ensuring that your financial statements are accurate and up-to-date or providing a hassle-free experience in filing your corporate taxes, you can have full confidence when you choose from our extensive range of services.

Depending on the plan you pick, we handle the accounting transactions at the end of every month or year, prepare management reports for your business decision-making, and compile financial statements for statutory filing purposes in Singapore.

Our accounting plans are based on an annual subscription model according to the Financial Year. We offer transparent pricing determined by the number of journal entries in a month. No hidden cost!

An accounting journal entry is a record of a financial transaction in a company’s accounting system. It is the first step in the accounting process and involves the systematic and chronological recording of business transactions. Each journal entry includes at least two accounts—one account is debited, and another account is credited.

We use Xero, an online accounting software made for small and medium businesses, as part of our services. Xero is a cloud-based software so you can access your up-to-date financial information wherever you are and make timely business decisions.

We are a certified Xero advisor and a Xero partner. In our modern, fast-paced society, every industry evolves and so should accounting firms. Here at Chartsworth, we recognise the need for businesses to adopt technology, by moving away from traditional accounting which involves large amounts of paperwork to cloud-based solutions to enhance efficiency. To affirm our commitment to being your trusted business partner in Singapore, we provide free Xero software subscriptions to clients that take up our monthly accounting packages.

Depending on the scale of your business operation, you may or may not need an in-house accountant or a full-fledged finance team. By engaging Chartsworth as your accounting services provider in Singapore, our team of qualified accountants can handle your accounting and bookkeeping for a fixed fee every month. Our rates are affordable as we are using fintech solutions and AI to automate our processes.

Financial statements are prepared at least annually to provide information of the company to its users to help them make informed decisions. The users include present and potential investors, lenders, creditors, customers, governments agencies and the public (for listed companies). 

Financial statements are prepared in accordance with Singapore Financial Reporting Standards (SFRS). A complete set of financial statements includes a statement of comprehensive income, statement of financial position, statement of changes in equity, statement of changes in cash flow and notes.  

Do note that under the Companies Act, directors are responsible to maintain proper accounting records to enable the preparations of true and fair financial statements. Failure to comply may result in a composition sum payable to ACRA or court prosecution. Whether you’re looking to save time or meet important filing deadlines, Chartsworth’s financial statement services can be an invaluable tool to ensure accuracy and compliance with regulations.

XBRL stands for eXtensible Business Reporting Language. It is a format implemented internationally for financial reporting, which gives greater transparency as data can be analysed almost immediately with software tools.

Currently, all companies incorporated in Singapore are required to file annual financial statements with ACRA in the XBRL format as part of the Annual Return filing, except for companies that meet the exemption criteria i.e. exempt private companies (EPC) that are solvent, companies limited by guarantee etc.

For private limited companies that meet the definition of smaller and non-publicly accountable companies, you may file the financial statements in the Simplified XBRL template instead of the Full XBRL template.

A smaller company refers to a company with revenue not more than S$500,000 and total assets not more than S$500,000 in the Financial Year covered by the financial statements. A non-publicly accountable company refers to a company that is not listed or in the process of listing on securities exchange in Singapore, not listed on an exchange outside of Singapore and is not a financial institution.

There are two scenarios where a company would register for GST:

  1. Compulsory Registration – when your taxable turnover is more than S$1 million in the past calendar year or your estimated turnover in the next 12 months is more than S$1 million
  2.  Voluntary Registration – You choose to register your company for GST voluntarily even though your taxable turnover is less than S$1 million.

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