Every company incorporated in Singapore is required under the Companies Act to keep proper accounting records, and — unless it qualifies as an exempt small or dormant company — to prepare financial statements in line with the Singapore Financial Reporting Standards (SFRS). Pointer Services provides end-to-end accounting support for businesses of every size, from day-to-day bookkeeping and cloud accounting system setup to full statutory financial statement preparation and XBRL filing with ACRA, so you’re always audit-ready and compliant. Explore each of our accounting services below.
Key Facts You Should Know
- Proper accounting records must be kept under the Singapore Companies Act
- Non-exempt companies must appoint an auditor within 3 months of incorporation
- Financial statements must be filed in XBRL format with ACRA
- Cloud accounting platforms like Xero and QuickBooks give you real-time access to your numbers, anywhere
Does Your Company Need An Audit?
Your company is exempt from a statutory audit if it qualifies as a small company under the Companies Act — a private company that meets at least two of the following three criteria for the immediate past two consecutive financial years:
- Total annual revenue not exceeding S$10 million
- Total assets not exceeding S$10 million
- Number of employees not exceeding 50
If your company doesn’t meet these criteria — or has a corporate shareholder, is a public company, or operates in a regulated industry — a statutory audit is required. Pointer Services can arrange this through our associated audit firms.
Our Accounting Services
Compilation of Financial Statements
Unaudited financial statements prepared to SFRS standards.
XBRL Financial Report
Conversion and filing of your statements in ACRA's XBRL format.
Bookkeeping Service
Day-to-day recording of transactions and bank reconciliation.
Setup of Accounting System
Implementation of cloud accounting software for your business.
Consolidation of Accounts
Group-level consolidated statements for multi-entity businesses.
Packages Start From S$150/month
Every business is different — get a tailored quote based on your transaction volume and reporting needs.
Why It Matters
- Stay compliant with ACRA and IRAS reporting deadlines
- Real-time visibility into your business's financial health via cloud accounting
- Scalable support as your business grows
- Direct coordination with our Tax and Company Secretary teams
Frequently Asked Questions
Yes. Under the Singapore Companies Act, every incorporated company must keep proper accounting records and prepare financial statements, regardless of size or activity level.
At minimum, most companies need bookkeeping and annual financial statement preparation. As you grow, you may also need XBRL filing, a proper accounting system, or consolidated group accounts if you have subsidiaries.
Costs vary based on transaction volume, company complexity, and reporting frequency. Pointer Services offers fixed monthly packages with no hidden charges — contact us for a tailored quote.
XBRL (eXtensible Business Reporting Language) is the digital format ACRA has required for financial statement filings since November 2007, allowing your figures to be read directly by regulators and analysts.
Not if you qualify as a small company — meeting at least two of three criteria (revenue, assets, employee count) for two consecutive years. See the audit section above for full detail.
Yes. Pointer Services supports both Xero and QuickBooks Online as part of our accounting services.
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