Financial Statements for Singapore SMEs

Preparation of Financial Statements in acccordance with Singapore Financial Reporting Standards

SINCE 2009

Serving Singapore Businesses

1,000+

Business
served

4.8 stars

Google
reviews

100%

Compliance
focus

GOOGLE REVIEWS

      EXCELLENT  
   Based on 60 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Alam Shah 
 
 
 
 Trustindex verifies that the original source of the review is Google. ⭐⭐⭐⭐⭐

We have been very happy with the services provided by Accountancy Consultancy Pte Ltd since they took over our account in September 2025. Special thanks to Tzeh Lih and his colleagues for their professional support, prompt responses, and helpful advice.

They have handled our accounting, corporate secretarial, and compliance matters efficiently, making things much smoother for our company. Thank you for the excellent service. Highly recommended!

Alam Shah
Director , KGS Maritime Pte Ltd
  
 
      Posted on Google  
   
   gayle lee 
 
 
 
 Trustindex verifies that the original source of the review is Google. Has always been a Great experience working with them. Thank you for going the extra mile, keeping our accounts fast, well and efficient.
Highly recommended
  
 
      Posted on Google  
   
   Freda Wong 
 
 
 
 Trustindex verifies that the original source of the review is Google. Responsible and efficient! Able to meet deadlines for submission of reports. Friendly staff. Good job!
  
 
      Posted on Google  
   
   Asle Kaldråstøyl 
 
 
 
 Trustindex verifies that the original source of the review is Google. This accounting firm can definitely be recommended.
  
 
      Posted on Google  
   
   Bonnie LPL 
 
 
 
 Trustindex verifies that the original source of the review is Google. The accountancy service is accurate, timely, and compliant. Financial records are well‑maintained, submissions are completed promptly, and communication is clear and responsive. Their structured process ensures audit‑ready documentation and reliable support, giving strong confidence in the quality and consistency of their work.
  
 
      Posted on Google  
   
   vatsal mishra 
 
 
 
 Trustindex verifies that the original source of the review is Google. It has been great working with Warren and the team. They have consistently been professional, responsive, and reliable in supporting our accounting and compliance needs. Their attention to detail, proactive communication, and willingness to go the extra mile have made the entire process smooth and hassle-free. The team is knowledgeable, approachable, and always available to provide guidance whenever needed.
  
 
      Posted on Google  
   
   nickson wang 
 
 
 
 Trustindex verifies that the original source of the review is Google. good service provided.

Warren is very experienced as well as company staff advice response is fast.

Responsible in handling issue professionaly.

Reasonable service price.
Have work with the company for couple of years and able to recommend new customer to them to handle
  
 
      Posted on Google  
   
   Food Yocorn 
 
 
 
 Trustindex verifies that the original source of the review is Google. We have been working with Accounting Consultancy Pte. Ltd. for our accounting, corporate secretarial, and tax matters, and the experience has been excellent.

Special thanks to Swee Huei, who is highly responsible, professional, and always follows up promptly on every matter. His attention to detail and dedication give us great confidence and peace of mind.

We would also like to commend Nathalie from the Corporate Secretarial team and Jamie from the Tax team. Both are knowledgeable, responsive, and professional in handling our queries and requirements.

The team consistently provides reliable support and excellent service. We highly recommend Accounting Consultancy Pte. Ltd. to businesses looking for a trustworthy and professional accounting partner.
  
 
      Posted on Google  
   
   Cindy 
 
 
 
 Trustindex verifies that the original source of the review is Google. Excellent service and great customer support! The team is professional, responsive, and always willing to help. A special thanks to Hui Ting for her quick responses and dedication in resolving our issues efficiently. Her professionalism and attention to detail are truly appreciated. Thank you to Hui Ting and the whole team for the outstanding service. Highly recommended!

TRUSTED BY BUSINESSES

COMPREHENSIVE PAYROLL SERVICES IN SINGAPORE

Financial Statements

Full set of Financial Statements in accordance with Financial Reporting Standards

Adjusting Entries

We will propose necessary adjustments to ensure your records are accurate

Professional Compilation Reports

A formal compilation reports by our qualifies accountants

WHY CHOOSE US?

Many business owners choose us because

Compliance to Financial Reporting Standards
Time Saving
Data Confidentiality
Dedicated Support
Transparent fees with no hidden charges
Clear guidance on accounting matters

WHO WE SERVE

Private Limited Companies

Group Companies

Non-profit Organisations

Company Limited by Guarantee

TRANSPARENT PRICING FOR EVERY BUSINESS SIZE

From S$300/year

Review of basic records
Statement of Financial Position
Income Statement
Notes to Financial Statements

From S$500/year

Review of basic records
Adjusting entries
Financial Statements
Notes to Financial Statements
Compilation Report

From S$800/year

Review of accounting records
Adjusting entries
Financial Statements
Notes to Accouns
Compilation reports
Accounting advise

Custom Quote/

Tailored scope of work
Consolidation
Additional schedules & reports
Specialised consultations
Priority support

OUR SIMPLE PROCESS

1

Provide Documents

Share your accounting records and supporting documents

2

Review & adjust

We review your records and make necessary adjustments

3

Compilation Report

You receive a professional compilation reports from our qualified accountant

Ready to get started?

Let our experienced team take care of the Xero Software while you focus on growing your business.

+ 65 9112 0268 Call us today

Frequently Asked Questions (FAQ)

What is a Compilation of Financial Statements?

A Compilation of Financial Statements is a service where a qualified accountant compiles your company’s financial information into a set of financial statements based on the records and information provided by management.

Is a Compilation of Financial Statements the same as an audit?

No. A compilation is not a statutory audit. We do not perform audit procedures or provide an audit opinion. The service focuses on preparing financial statements based on information supplied by management.

Which companies require a Compilation of Financial Statements?

Compilation services are commonly used by:

SMEs and startups
Dormant companies
Companies applying for bank financing
Companies preparing annual financial statements
Businesses that do not require a statutory audit

What documents do I need to provide?

Typically, we require:

Accounting records
General ledger
Trial balance
Bank statements
Supporting schedules
Previous year’s financial statements (if available)

Can you prepare financial statements if my bookkeeping is incomplete?

Yes. We can review your records and advise on any additional information required before preparing the financial statements.

What financial statements are included?

A typical compilation engagement includes:

Statement of Financial Position
Statement of Comprehensive Income
Statement of Changes in Equity
Statement of Cash Flows (where applicable)
Notes to the Financial Statements

Are the financial statements prepared in accordance with Singapore standards?

Yes. Financial statements are prepared in accordance with the applicable Singapore Financial Reporting Standards (SFRS).

How long does it take to prepare financial statements?

The timeframe depends on the completeness and complexity of your records. Most compilation engagements can be completed within a few working days after receiving all required information.

Can you assist if adjustments are required?

Yes. We can identify and discuss any necessary accounting adjustments to ensure the financial statements are properly presented.

Can the compiled financial statements be used for bank loan applications?

Yes. Many businesses use compiled financial statements when applying for bank facilities, financing or credit reviews, subject to the bank’s specific requirements.

How much does a Compilation of Financial Statements cost?

Fees depend on factors such as transaction volume, business complexity, quality of accounting records and reporting requirements. Contact us for a customised quotation.

Do you provide accounting and bookkeeping services as well?

Yes. We provide a full range of accounting services, including bookkeeping, payroll, taxation, corporate secretarial and audit services.

What is the difference between bookkeeping and financial statement compilation?

Bookkeeping involves recording day-to-day transactions throughout the year. Compilation of Financial Statements involves preparing year-end financial statements using the accounting records provided.

Can you prepare financial statements for dormant companies?

Yes. We assist dormant companies with the preparation of financial statements and other annual compliance requirements.

Why choose your firm for Compilation of Financial Statements?

Since 2009, we have helped Singapore businesses prepare professional financial statements accurately and efficiently. Our experienced team focuses on delivering reliable, timely and practical solutions tailored to your business needs.