Our Accounting Services

No Delay Or We Work For Free.

Even simply imagining keeping up with your own day-to-day accounting needs in your business can be very intimidating. Delays, overcharges, and poor qualities are common challenging pain points you may face. That’s why AG combines accounting and innovation to produce our award-winning accounting services in Singapore at affordable fees. To show you our commitment, we guarantee you that your corporate accounts will be delivered within 30 days or we will work for free.

We’ve been trusted by large multi-national corporations, SME companies and small businesses to bring our expertise to the table and maintain complex accounts. Find out why with AG today.

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Why Engage Our Accounting Services?

01.
No Delay
If missing accounting deadlines is always your pain point, then AG will be your solution. Let us know your deadline and we will meet it.
02.
30-day Guarantee
To remove your concerns and worries about late deliveries, we give you our assurance and commitment to delivering your accounts within 30 days OR we work for free.
03.
Audit-ready Accounting
Your accounts will be in-charge by our professional audit-trained accountants. We will produce audit-ready accounts with the necessary audit schedules.
04.
One-stop Solution
Having all your outsourced services done at AG reduces process, time and cost. A senior manager will be assigned to you to take care all of your needs so you do not need to deal with many suppliers.
05.
Convenience
You can choose between having your accounts maintained at your office or ours. This enables you to maximise your office capacity efficiently.
06.
No Contract
You are not bound by any contract when you engage in our accounting services. You are free to mix and match your accounting needs anytime at affordable prices. Rates and fees will vary depending on the services you wish to go for.

Stay on top of your accounting obligations with our experienced accounting team at AG. Companies in Singapore are required to maintain proper accounting and bookkeeping records, in order to fulfil mandatory compliance requirements in accordance with IRAS and ACRA. Our professional accounting team is dedicated to ensure the integrity of your books and maintain your reputation as a trusted business.

We leverage our infrastructure and expertise to understand your business and meet your needs effectively. The corporate finance function today has never been more important than it is. By choosing outsourced accounting services, you can benefit from better reporting, an improved ability to respond to market and regulatory changes, and improve transparency. This will also help to redirect your time and energy on things that matter more – your core business, so you can strategically grow your company.

From multi-national corporations, SME companies to small start-ups, we have experience in handling the complexities of various accounting requirements. As a one-stop corporate service provider, we offer the full spectrum of accounting and bookkeeping services at competitive prices such as GST submission and payroll service. With our industry expertise and in-depth knowledge, we work with you to provide a tailored service and design innovative solutions that are scalable and flexible to help your business react efficiently to changing market conditions.

Pricing

Starting from
Monthly reportingS$300 per month
Quarterly reportingS$200 per month
Yearly reporting                                      S$100 per month

Here is how our quotation process works. We will request some accounting information from you to assess your accounts complexity and estimated time frame. Then, based on your information, we will develop an accounting plan specifically for you to meet your needs. There is no obligation for you to take up any of our services.

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How Our Accounting Process Works

  • 1
    Checklist
    We will design an accounting checklist for you so your accounting information can be properly documented.
  • 2
    Data input
    Our audit-trained accountants will produce your accounts based on SFRS, with the relevant audit schedules.
  • 3
    Processing
    The data input will take average 1-2 weeks to process, depending on the volume and complexity.
  • 4
    Reporting
    We will send you accounting issue reports if we find out any abnormal activity during our accounting process for clarification.

Common Accounting Mistakes

Functional Currency

It is a typical misconception that companies registered in Singapore should adopt S$ as functional currency. According to FRS-21, an entity should determine its functional currency based on primary economic environment in which it operates.

LIFO Stock Policy

In the past, Last-In-First-Out (LIFO) costing method was permitted. However, this method was removed. Only FIFO or weighed average costing method is permitted.

Inappropriate Accounting Policy

In certain industry, sales recognition is governed by specific FRS. Adopting a wrong accounting policy, for an example, trading sales recognition method is adopted for construction project sales,  is not appropriate.

Unresponsive Accounting System

Standard accounting system is suitable for SMEs with simple business model like trading, import & export. Certain complex businesses like construction, logistic and tourism should use tailored made accounting system that best fits their business model.

Successful Case Study

Case Study 1

Client A (“ABC”) is an IT company with annual revenue of US$5mil. ABC approached AG for statutory audit service. During our audit, we found out that a lot of accounting entries were not in proper treatment.

 

Solution

Our accounting team come in to tidy up the accounts and prepared required audit schedules.

 

Result

The accounts were finalised in 2 weeks and the audit was performed successfully.

Case Study 2

Client B (“BCD”) is an event marketing company with annual revenue of S$1mil. BCD had a few years of accounting backlogs and approached AG for accounting services. Due to court order, we had a very tight accounting deadline.

 

Solution

Our accounting team come out with a checklist to properly document client’s accounting records.

 

Result

All accounting backlogs were cleared in 4 weeks before the deadline of court order.

Our Happy Clients’ 5-Star Google Review

No Delay Or We Work For Free.
Hundreds of clients have benefited from this.
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Q&A

1. Is there any restriction in determining my company’s financial year end?

There is no restriction in determining your financial year end. However, the accounting financial period should not more than 18 months. It is advisable to match your financial year end with your GST reporting quarter.

2. Is company in Singapore required to use S$ to maintain its accounts?

No. currency should be determined by your functional currency which best interprets the economic environment in which your business operates. For an example, if sales and purchases are mainly transacted in US$, your functional currency should be US$.

3. What accounting software do you use?

We use MYOB, Quick Books, Oracle, SAP and Xero, depending on your need.

4. How long do you need to close my accounts?

It depends on your documents filing system and volume. Normally, we have a KPI to close accounts within 1 month. If your accounts are straightforward and low volume, we can close within 1 day.

5. How frequent should I close my accounts?

It depends on your need. If you need to assess financial data very often for business decision, you are advised to close your accounts every month.

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