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Accounting is a foundational business function for companies of all sizes, but especially critical for startups and small and medium enterprises (SMEs) in Singapore. Proper bookkeeping, financial reporting, payroll, tax compliance, and advisory services provide entrepreneurs and business owners with data-driven insights into their company's performance and financial health. Outsourced accounting is an advantageous solution that provides startups and SMEs access to financial expertise, improved efficiency, technology, and insights to inform smart business decisions. This article explores the benefits of outsourced accounting in depth, profiles prominent accounting companies in Singapore catering to startups and SMEs, and provides closing thoughts on choosing the right accounting partner.
Handling accounting functions in-house requires substantial financial investment and human resources. For startups and SMEs focused on business survival and growth, maintaining internal accounting teams can be an unnecessary cost and distraction. Outsourcing to an experienced accounting partner provides the following key benefits:
Accounting is a complex discipline requiring knowledge of bookkeeping, financial reporting standards, tax regulations, payroll guidelines, and auditing processes. Startups and SMEs often lack expertise in these areas. Accounting firms employ qualified accountants like Certified Public Accountants (CPAs) and chartered accountants (CAs) who specialize in accounting for small businesses. Their expertise ensures transactions and reports adhere to required standards. Outsourced partners also bring experience working with diverse industries and business structures. They understand the accounting needs of growing startups and small teams.
Accurate bookkeeping and financial reporting require consistency, organization, and timeliness. For business owners focused on operations, marketing, sales, and customer service, accounting can be an unwelcome distraction. Outsourcing transfers time-consuming accounting work to capable partners so startups can focus on core business activities. This enables higher efficiency and productivity. Partners with expertise and technical resources also complete tasks faster. Cloud-based tools streamline collaboration for real-time visibility and approvals.
Hiring skilled in-house accountants is expensive when factoring in salary, benefits, training, and professional development. As startups have limited resources, outsourced services are more cost-effective. Affordable packages allow access to accountants without the overhead costs of employees. Fees are also tax deductible. As businesses evolve, outsourced services quickly scale up or down to match needs and budgets.
Maintaining accounting systems requires investing in software, tools, infrastructure, and security. Startups often cannot match the technologies used by accounting firms. Outsourced partners utilize cloud-based platforms, automation, data integrations, and analytics that are more robust and secure than what early-stage businesses could implement independently. Advanced technologies improve record accuracy, analysis, and service delivery.
Regulations like the Accounting Standards Act and Standards of Professional Conduct govern Singapore accounting. Partners ensure clients comply with these standards and guidelines for taxation, payroll, audits, and financial reporting. Their expertise prevents non-compliance penalties or issues that could impact funding and growth. Outsourced accounting provides ongoing guidance on required policies and procedural changes.
Beyond bookkeeping, outsourced accounting partners analyze financial statements, KPIs, performance metrics, and data to provide actionable business insights. Their objective perspective identifies issues and opportunities related to profitability, cash flow, cost reduction, financial planning, growth projection, and more. Partners act as a strategic advisor to inform both short-term decisions and long-term strategies.
Startups and SMEs experience rapid evolution, organic growth, fundraising milestones, and strategy pivots. As operational and accounting needs change, outsourced services easily scale up or down as required. Partners tailor service packages and team structures to match growth stages. There is no need to hire and train in-house accountants constantly. Outsourced accounting also provides continuity and consistency amidst business evolution.
Beyond financial expertise, accounting partners offer connections with lawyers, tax authorities, banks, investors, and other professionals that can support business growth. These relationships facilitate essential services and funding. Partners often have relationships across industries to support different client segments.
Reputable accounting companies in Singapore for Startups and SMEs Singapore is home to many accounting firms; however, identifying partners with relevant experience and expertise in early-stage business accounting can be challenging. The firms below have proven specializations serving startups and SMEs:
Doerscircle sourced, screened, and negotiated the best accounting deals for your startup or small business in Singapore. The curated accounting packages cover the following areas:
Osome leverages automation and AI to deliver streamlined accounting, corporate secretarial, taxation, and payroll services to startups and SMEs in Singapore. Services include:
Packages come with a dedicated account manager for personalized service. Osome offers custom pricing suited to each client's business needs and stages. Service delivery is enhanced through technology like real-time dashboards, automated workflows, data integrations, and cloud collaboration.
Sleek offers specialized accounting services for early-stage startups and internet companies. Their core expertise includes:
Sleek prioritizes automation, integrations, and cloud tools for efficient servicing. Custom packages suit different startup stages and needs.
ContactOne Consulting provides integrated accounting, tax, payroll, and advisory services tailored to Singapore's SME segment. Key solutions include:
ContactOne deploys cloud tools and real-time dashboards for efficient collaboration and servicing. The firm has over 15 years of experience supporting SME accounting needs.
Address: 1 Coleman Street, #10-06 The Adelphi Singapore 179803
Phone +65 6333 0633
Email: [email protected].
3E Accounting provides startups and SMEs with integrated accounting, tax, payroll, and advisory services. Solutions include:
3E Accounting deploys cloud accounting tools for efficient servicing. The team specializes in both startup and SME accounting needs.
Address: 51 Goldhill Plaza #07-10/11 Singapore 308900
Phone: +65 6690 9262
Koh Management & Accounting Services provides affordable accounting, tax, compliance, and advisory solutions tailored for startups and SMEs. Their core expertise includes:
Koh Management stays current on accounting standards and regulations. Services packages are customized and affordable for SME budgets.
Address: 18 Sin Ming Lane, Midview City #07-01 Singapore 573960
Phone: (65) 9863 8665
AG Accounting Group provides integrated bookkeeping, accounting, tax, audit, and advisory services to SMEs in diverse industries. Their solutions include:
The team has Big Four experience but provides boutique firm service levels: Hands-on, customized advisory approach.
Address: 111 North Bridge Road, #07-11, Singapore 179098
Phone: (65) 9383 2464
Email: [email protected]
Timcole provides technology-enabled accounting, corporate secretarial, tax, and advisory services tailored for startups and growth SMEs. Services include:
Packages tailored for different business life cycle stages, including startup, growth, and expansion. The platform automates manual processes for efficiency.
Address: 111 North Bridge Road, Peninsula Plaza #20-04, Singapore 179098
Phone: +65 9852 6881 or +65 6631 9892
Email: [email protected]
One Stop provides startups and SMEs with affordable accounting, tax, payroll, and advisory services. Their solutions include:
The firm deploys cloud technologies for real-time financial data access. Accountants have experience across diverse industries to serve different clients.
Address: 10 Anson Road, #13-09 International Plaza, Singapore 079903
Phone: + (65) 9644 9531
Counto provides easy-to-use online accounting services for startups and SMEs. Solutions include:
Counto's online platform provides accessibility, automation, and collaboration features anywhere. Affordable packages suit different business needs.
Email: [email protected]
Phone: (+65) 3159 4255
VentureHaven provides outsourced accounting, tax, payroll, and advisory services tailored for startups and high-growth SMEs. Their expertise includes:
VentureHaven aims to free up founders' time to focus on growth by handling accounting, payroll, tax, and compliance needs.
Accounting Consultancy provides SMEs and startups with bookkeeping, accounting, taxation, payroll, audit support, and advisory services. Their expertise includes:
The team stays updated on the latest regulations and standards. Work is tailored to each client's specific needs.
Address: 60 Paya Lebar Road, #07-06 Paya Lebar Square, Singapore 409051
Phone: + 65 9112 0268
When evaluating accounting firms for their startup or SME, below are important factors to consider:
Accounting companies in Singapore enables startups and SMEs to access skilled financial expertise, technology, and strategic insights while focusing resources on business growth and optimization. For Singapore companies, partnering with specialist firms that understand the unique needs of high-growth startups and lean SMEs provides significant advantages over solo accounting attempts. When evaluating partners, go beyond surface capabilities and assess experience, strategic approach, networks, and technical competencies catered specifically to businesses like yours. This ensures a service experience that empowers rather than hinders your growth journey.
Accounting is a foundational business function for companies of all sizes, but especially critical for startups and small and medium enterprises (SMEs) in Singapore. Proper bookkeeping, financial reporting, payroll, tax compliance, and advisory services provide entrepreneurs and business owners with data-driven insights into their company's performance and financial health. Outsourced accounting is an advantageous solution that provides startups and SMEs access to financial expertise, improved efficiency, technology, and insights to inform smart business decisions. This article explores the benefits of outsourced accounting in depth, profiles prominent accounting companies in Singapore catering to startups and SMEs, and provides closing thoughts on choosing the right accounting partner.
Handling accounting functions in-house requires substantial financial investment and human resources. For startups and SMEs focused on business survival and growth, maintaining internal accounting teams can be an unnecessary cost and distraction. Outsourcing to an experienced accounting partner provides the following key benefits:
Accounting is a complex discipline requiring knowledge of bookkeeping, financial reporting standards, tax regulations, payroll guidelines, and auditing processes. Startups and SMEs often lack expertise in these areas. Accounting firms employ qualified accountants like Certified Public Accountants (CPAs) and chartered accountants (CAs) who specialize in accounting for small businesses. Their expertise ensures transactions and reports adhere to required standards. Outsourced partners also bring experience working with diverse industries and business structures. They understand the accounting needs of growing startups and small teams.
Accurate bookkeeping and financial reporting require consistency, organization, and timeliness. For business owners focused on operations, marketing, sales, and customer service, accounting can be an unwelcome distraction. Outsourcing transfers time-consuming accounting work to capable partners so startups can focus on core business activities. This enables higher efficiency and productivity. Partners with expertise and technical resources also complete tasks faster. Cloud-based tools streamline collaboration for real-time visibility and approvals.
Hiring skilled in-house accountants is expensive when factoring in salary, benefits, training, and professional development. As startups have limited resources, outsourced services are more cost-effective. Affordable packages allow access to accountants without the overhead costs of employees. Fees are also tax deductible. As businesses evolve, outsourced services quickly scale up or down to match needs and budgets.
Maintaining accounting systems requires investing in software, tools, infrastructure, and security. Startups often cannot match the technologies used by accounting firms. Outsourced partners utilize cloud-based platforms, automation, data integrations, and analytics that are more robust and secure than what early-stage businesses could implement independently. Advanced technologies improve record accuracy, analysis, and service delivery.
Regulations like the Accounting Standards Act and Standards of Professional Conduct govern Singapore accounting. Partners ensure clients comply with these standards and guidelines for taxation, payroll, audits, and financial reporting. Their expertise prevents non-compliance penalties or issues that could impact funding and growth. Outsourced accounting provides ongoing guidance on required policies and procedural changes.
Beyond bookkeeping, outsourced accounting partners analyze financial statements, KPIs, performance metrics, and data to provide actionable business insights. Their objective perspective identifies issues and opportunities related to profitability, cash flow, cost reduction, financial planning, growth projection, and more. Partners act as a strategic advisor to inform both short-term decisions and long-term strategies.
Startups and SMEs experience rapid evolution, organic growth, fundraising milestones, and strategy pivots. As operational and accounting needs change, outsourced services easily scale up or down as required. Partners tailor service packages and team structures to match growth stages. There is no need to hire and train in-house accountants constantly. Outsourced accounting also provides continuity and consistency amidst business evolution.
Beyond financial expertise, accounting partners offer connections with lawyers, tax authorities, banks, investors, and other professionals that can support business growth. These relationships facilitate essential services and funding. Partners often have relationships across industries to support different client segments.
Reputable accounting companies in Singapore for Startups and SMEs Singapore is home to many accounting firms; however, identifying partners with relevant experience and expertise in early-stage business accounting can be challenging. The firms below have proven specializations serving startups and SMEs:
Doerscircle sourced, screened, and negotiated the best accounting deals for your startup or small business in Singapore. The curated accounting packages cover the following areas:
Osome leverages automation and AI to deliver streamlined accounting, corporate secretarial, taxation, and payroll services to startups and SMEs in Singapore. Services include:
Packages come with a dedicated account manager for personalized service. Osome offers custom pricing suited to each client's business needs and stages. Service delivery is enhanced through technology like real-time dashboards, automated workflows, data integrations, and cloud collaboration.
Sleek offers specialized accounting services for early-stage startups and internet companies. Their core expertise includes:
Sleek prioritizes automation, integrations, and cloud tools for efficient servicing. Custom packages suit different startup stages and needs.
ContactOne Consulting provides integrated accounting, tax, payroll, and advisory services tailored to Singapore's SME segment. Key solutions include:
ContactOne deploys cloud tools and real-time dashboards for efficient collaboration and servicing. The firm has over 15 years of experience supporting SME accounting needs.
Address: 1 Coleman Street, #10-06 The Adelphi Singapore 179803
Phone +65 6333 0633
Email: [email protected].
3E Accounting provides startups and SMEs with integrated accounting, tax, payroll, and advisory services. Solutions include:
3E Accounting deploys cloud accounting tools for efficient servicing. The team specializes in both startup and SME accounting needs.
Address: 51 Goldhill Plaza #07-10/11 Singapore 308900
Phone: +65 6690 9262
Koh Management & Accounting Services provides affordable accounting, tax, compliance, and advisory solutions tailored for startups and SMEs. Their core expertise includes:
Koh Management stays current on accounting standards and regulations. Services packages are customized and affordable for SME budgets.
Address: 18 Sin Ming Lane, Midview City #07-01 Singapore 573960
Phone: (65) 9863 8665
AG Accounting Group provides integrated bookkeeping, accounting, tax, audit, and advisory services to SMEs in diverse industries. Their solutions include:
The team has Big Four experience but provides boutique firm service levels: Hands-on, customized advisory approach.
Address: 111 North Bridge Road, #07-11, Singapore 179098
Phone: (65) 9383 2464
Email: [email protected]
Timcole provides technology-enabled accounting, corporate secretarial, tax, and advisory services tailored for startups and growth SMEs. Services include:
Packages tailored for different business life cycle stages, including startup, growth, and expansion. The platform automates manual processes for efficiency.
Address: 111 North Bridge Road, Peninsula Plaza #20-04, Singapore 179098
Phone: +65 9852 6881 or +65 6631 9892
Email: [email protected]
One Stop provides startups and SMEs with affordable accounting, tax, payroll, and advisory services. Their solutions include:
The firm deploys cloud technologies for real-time financial data access. Accountants have experience across diverse industries to serve different clients.
Address: 10 Anson Road, #13-09 International Plaza, Singapore 079903
Phone: + (65) 9644 9531
Counto provides easy-to-use online accounting services for startups and SMEs. Solutions include:
Counto's online platform provides accessibility, automation, and collaboration features anywhere. Affordable packages suit different business needs.
Email: [email protected]
Phone: (+65) 3159 4255
VentureHaven provides outsourced accounting, tax, payroll, and advisory services tailored for startups and high-growth SMEs. Their expertise includes:
VentureHaven aims to free up founders' time to focus on growth by handling accounting, payroll, tax, and compliance needs.
Accounting Consultancy provides SMEs and startups with bookkeeping, accounting, taxation, payroll, audit support, and advisory services. Their expertise includes:
The team stays updated on the latest regulations and standards. Work is tailored to each client's specific needs.
Address: 60 Paya Lebar Road, #07-06 Paya Lebar Square, Singapore 409051
Phone: + 65 9112 0268
When evaluating accounting firms for their startup or SME, below are important factors to consider:
Accounting companies in Singapore enables startups and SMEs to access skilled financial expertise, technology, and strategic insights while focusing resources on business growth and optimization. For Singapore companies, partnering with specialist firms that understand the unique needs of high-growth startups and lean SMEs provides significant advantages over solo accounting attempts. When evaluating partners, go beyond surface capabilities and assess experience, strategic approach, networks, and technical competencies catered specifically to businesses like yours. This ensures a service experience that empowers rather than hinders your growth journey.
Accounting is a foundational business function for companies of all sizes, but especially critical for startups and small and medium enterprises (SMEs) in Singapore. Proper bookkeeping, financial reporting, payroll, tax compliance, and advisory services provide entrepreneurs and business owners with data-driven insights into their company's performance and financial health. Outsourced accounting is an advantageous solution that provides startups and SMEs access to financial expertise, improved efficiency, technology, and insights to inform smart business decisions. This article explores the benefits of outsourced accounting in depth, profiles prominent accounting companies in Singapore catering to startups and SMEs, and provides closing thoughts on choosing the right accounting partner.
Handling accounting functions in-house requires substantial financial investment and human resources. For startups and SMEs focused on business survival and growth, maintaining internal accounting teams can be an unnecessary cost and distraction. Outsourcing to an experienced accounting partner provides the following key benefits:
Accounting is a complex discipline requiring knowledge of bookkeeping, financial reporting standards, tax regulations, payroll guidelines, and auditing processes. Startups and SMEs often lack expertise in these areas. Accounting firms employ qualified accountants like Certified Public Accountants (CPAs) and chartered accountants (CAs) who specialize in accounting for small businesses. Their expertise ensures transactions and reports adhere to required standards. Outsourced partners also bring experience working with diverse industries and business structures. They understand the accounting needs of growing startups and small teams.
Accurate bookkeeping and financial reporting require consistency, organization, and timeliness. For business owners focused on operations, marketing, sales, and customer service, accounting can be an unwelcome distraction. Outsourcing transfers time-consuming accounting work to capable partners so startups can focus on core business activities. This enables higher efficiency and productivity. Partners with expertise and technical resources also complete tasks faster. Cloud-based tools streamline collaboration for real-time visibility and approvals.
Hiring skilled in-house accountants is expensive when factoring in salary, benefits, training, and professional development. As startups have limited resources, outsourced services are more cost-effective. Affordable packages allow access to accountants without the overhead costs of employees. Fees are also tax deductible. As businesses evolve, outsourced services quickly scale up or down to match needs and budgets.
Maintaining accounting systems requires investing in software, tools, infrastructure, and security. Startups often cannot match the technologies used by accounting firms. Outsourced partners utilize cloud-based platforms, automation, data integrations, and analytics that are more robust and secure than what early-stage businesses could implement independently. Advanced technologies improve record accuracy, analysis, and service delivery.
Regulations like the Accounting Standards Act and Standards of Professional Conduct govern Singapore accounting. Partners ensure clients comply with these standards and guidelines for taxation, payroll, audits, and financial reporting. Their expertise prevents non-compliance penalties or issues that could impact funding and growth. Outsourced accounting provides ongoing guidance on required policies and procedural changes.
Beyond bookkeeping, outsourced accounting partners analyze financial statements, KPIs, performance metrics, and data to provide actionable business insights. Their objective perspective identifies issues and opportunities related to profitability, cash flow, cost reduction, financial planning, growth projection, and more. Partners act as a strategic advisor to inform both short-term decisions and long-term strategies.
Startups and SMEs experience rapid evolution, organic growth, fundraising milestones, and strategy pivots. As operational and accounting needs change, outsourced services easily scale up or down as required. Partners tailor service packages and team structures to match growth stages. There is no need to hire and train in-house accountants constantly. Outsourced accounting also provides continuity and consistency amidst business evolution.
Beyond financial expertise, accounting partners offer connections with lawyers, tax authorities, banks, investors, and other professionals that can support business growth. These relationships facilitate essential services and funding. Partners often have relationships across industries to support different client segments.
Reputable accounting companies in Singapore for Startups and SMEs Singapore is home to many accounting firms; however, identifying partners with relevant experience and expertise in early-stage business accounting can be challenging. The firms below have proven specializations serving startups and SMEs:
Doerscircle sourced, screened, and negotiated the best accounting deals for your startup or small business in Singapore. The curated accounting packages cover the following areas:
Osome leverages automation and AI to deliver streamlined accounting, corporate secretarial, taxation, and payroll services to startups and SMEs in Singapore. Services include:
Packages come with a dedicated account manager for personalized service. Osome offers custom pricing suited to each client's business needs and stages. Service delivery is enhanced through technology like real-time dashboards, automated workflows, data integrations, and cloud collaboration.
Sleek offers specialized accounting services for early-stage startups and internet companies. Their core expertise includes:
Sleek prioritizes automation, integrations, and cloud tools for efficient servicing. Custom packages suit different startup stages and needs.
ContactOne Consulting provides integrated accounting, tax, payroll, and advisory services tailored to Singapore's SME segment. Key solutions include:
ContactOne deploys cloud tools and real-time dashboards for efficient collaboration and servicing. The firm has over 15 years of experience supporting SME accounting needs.
Address: 1 Coleman Street, #10-06 The Adelphi Singapore 179803
Phone +65 6333 0633
Email: [email protected].
3E Accounting provides startups and SMEs with integrated accounting, tax, payroll, and advisory services. Solutions include:
3E Accounting deploys cloud accounting tools for efficient servicing. The team specializes in both startup and SME accounting needs.
Address: 51 Goldhill Plaza #07-10/11 Singapore 308900
Phone: +65 6690 9262
Koh Management & Accounting Services provides affordable accounting, tax, compliance, and advisory solutions tailored for startups and SMEs. Their core expertise includes:
Koh Management stays current on accounting standards and regulations. Services packages are customized and affordable for SME budgets.
Address: 18 Sin Ming Lane, Midview City #07-01 Singapore 573960
Phone: (65) 9863 8665
AG Accounting Group provides integrated bookkeeping, accounting, tax, audit, and advisory services to SMEs in diverse industries. Their solutions include:
The team has Big Four experience but provides boutique firm service levels: Hands-on, customized advisory approach.
Address: 111 North Bridge Road, #07-11, Singapore 179098
Phone: (65) 9383 2464
Email: [email protected]
Timcole provides technology-enabled accounting, corporate secretarial, tax, and advisory services tailored for startups and growth SMEs. Services include:
Packages tailored for different business life cycle stages, including startup, growth, and expansion. The platform automates manual processes for efficiency.
Address: 111 North Bridge Road, Peninsula Plaza #20-04, Singapore 179098
Phone: +65 9852 6881 or +65 6631 9892
Email: [email protected]
One Stop provides startups and SMEs with affordable accounting, tax, payroll, and advisory services. Their solutions include:
The firm deploys cloud technologies for real-time financial data access. Accountants have experience across diverse industries to serve different clients.
Address: 10 Anson Road, #13-09 International Plaza, Singapore 079903
Phone: + (65) 9644 9531
Counto provides easy-to-use online accounting services for startups and SMEs. Solutions include:
Counto's online platform provides accessibility, automation, and collaboration features anywhere. Affordable packages suit different business needs.
Email: [email protected]
Phone: (+65) 3159 4255
VentureHaven provides outsourced accounting, tax, payroll, and advisory services tailored for startups and high-growth SMEs. Their expertise includes:
VentureHaven aims to free up founders' time to focus on growth by handling accounting, payroll, tax, and compliance needs.
Accounting Consultancy provides SMEs and startups with bookkeeping, accounting, taxation, payroll, audit support, and advisory services. Their expertise includes:
The team stays updated on the latest regulations and standards. Work is tailored to each client's specific needs.
Address: 60 Paya Lebar Road, #07-06 Paya Lebar Square, Singapore 409051
Phone: + 65 9112 0268
When evaluating accounting firms for their startup or SME, below are important factors to consider:
Accounting companies in Singapore enables startups and SMEs to access skilled financial expertise, technology, and strategic insights while focusing resources on business growth and optimization. For Singapore companies, partnering with specialist firms that understand the unique needs of high-growth startups and lean SMEs provides significant advantages over solo accounting attempts. When evaluating partners, go beyond surface capabilities and assess experience, strategic approach, networks, and technical competencies catered specifically to businesses like yours. This ensures a service experience that empowers rather than hinders your growth journey.
Accounting is a foundational business function for companies of all sizes, but especially critical for startups and small and medium enterprises (SMEs) in Singapore. Proper bookkeeping, financial reporting, payroll, tax compliance, and advisory services provide entrepreneurs and business owners with data-driven insights into their company's performance and financial health. Outsourced accounting is an advantageous solution that provides startups and SMEs access to financial expertise, improved efficiency, technology, and insights to inform smart business decisions. This article explores the benefits of outsourced accounting in depth, profiles prominent accounting companies in Singapore catering to startups and SMEs, and provides closing thoughts on choosing the right accounting partner.
Handling accounting functions in-house requires substantial financial investment and human resources. For startups and SMEs focused on business survival and growth, maintaining internal accounting teams can be an unnecessary cost and distraction. Outsourcing to an experienced accounting partner provides the following key benefits:
Accounting is a complex discipline requiring knowledge of bookkeeping, financial reporting standards, tax regulations, payroll guidelines, and auditing processes. Startups and SMEs often lack expertise in these areas. Accounting firms employ qualified accountants like Certified Public Accountants (CPAs) and chartered accountants (CAs) who specialize in accounting for small businesses. Their expertise ensures transactions and reports adhere to required standards. Outsourced partners also bring experience working with diverse industries and business structures. They understand the accounting needs of growing startups and small teams.
Accurate bookkeeping and financial reporting require consistency, organization, and timeliness. For business owners focused on operations, marketing, sales, and customer service, accounting can be an unwelcome distraction. Outsourcing transfers time-consuming accounting work to capable partners so startups can focus on core business activities. This enables higher efficiency and productivity. Partners with expertise and technical resources also complete tasks faster. Cloud-based tools streamline collaboration for real-time visibility and approvals.
Hiring skilled in-house accountants is expensive when factoring in salary, benefits, training, and professional development. As startups have limited resources, outsourced services are more cost-effective. Affordable packages allow access to accountants without the overhead costs of employees. Fees are also tax deductible. As businesses evolve, outsourced services quickly scale up or down to match needs and budgets.
Maintaining accounting systems requires investing in software, tools, infrastructure, and security. Startups often cannot match the technologies used by accounting firms. Outsourced partners utilize cloud-based platforms, automation, data integrations, and analytics that are more robust and secure than what early-stage businesses could implement independently. Advanced technologies improve record accuracy, analysis, and service delivery.
Regulations like the Accounting Standards Act and Standards of Professional Conduct govern Singapore accounting. Partners ensure clients comply with these standards and guidelines for taxation, payroll, audits, and financial reporting. Their expertise prevents non-compliance penalties or issues that could impact funding and growth. Outsourced accounting provides ongoing guidance on required policies and procedural changes.
Beyond bookkeeping, outsourced accounting partners analyze financial statements, KPIs, performance metrics, and data to provide actionable business insights. Their objective perspective identifies issues and opportunities related to profitability, cash flow, cost reduction, financial planning, growth projection, and more. Partners act as a strategic advisor to inform both short-term decisions and long-term strategies.
Startups and SMEs experience rapid evolution, organic growth, fundraising milestones, and strategy pivots. As operational and accounting needs change, outsourced services easily scale up or down as required. Partners tailor service packages and team structures to match growth stages. There is no need to hire and train in-house accountants constantly. Outsourced accounting also provides continuity and consistency amidst business evolution.
Beyond financial expertise, accounting partners offer connections with lawyers, tax authorities, banks, investors, and other professionals that can support business growth. These relationships facilitate essential services and funding. Partners often have relationships across industries to support different client segments.
Reputable accounting companies in Singapore for Startups and SMEs Singapore is home to many accounting firms; however, identifying partners with relevant experience and expertise in early-stage business accounting can be challenging. The firms below have proven specializations serving startups and SMEs:
Doerscircle sourced, screened, and negotiated the best accounting deals for your startup or small business in Singapore. The curated accounting packages cover the following areas:
Osome leverages automation and AI to deliver streamlined accounting, corporate secretarial, taxation, and payroll services to startups and SMEs in Singapore. Services include:
Packages come with a dedicated account manager for personalized service. Osome offers custom pricing suited to each client's business needs and stages. Service delivery is enhanced through technology like real-time dashboards, automated workflows, data integrations, and cloud collaboration.
Sleek offers specialized accounting services for early-stage startups and internet companies. Their core expertise includes:
Sleek prioritizes automation, integrations, and cloud tools for efficient servicing. Custom packages suit different startup stages and needs.
ContactOne Consulting provides integrated accounting, tax, payroll, and advisory services tailored to Singapore's SME segment. Key solutions include:
ContactOne deploys cloud tools and real-time dashboards for efficient collaboration and servicing. The firm has over 15 years of experience supporting SME accounting needs.
Address: 1 Coleman Street, #10-06 The Adelphi Singapore 179803
Phone +65 6333 0633
Email: [email protected].
3E Accounting provides startups and SMEs with integrated accounting, tax, payroll, and advisory services. Solutions include:
3E Accounting deploys cloud accounting tools for efficient servicing. The team specializes in both startup and SME accounting needs.
Address: 51 Goldhill Plaza #07-10/11 Singapore 308900
Phone: +65 6690 9262
Koh Management & Accounting Services provides affordable accounting, tax, compliance, and advisory solutions tailored for startups and SMEs. Their core expertise includes:
Koh Management stays current on accounting standards and regulations. Services packages are customized and affordable for SME budgets.
Address: 18 Sin Ming Lane, Midview City #07-01 Singapore 573960
Phone: (65) 9863 8665
AG Accounting Group provides integrated bookkeeping, accounting, tax, audit, and advisory services to SMEs in diverse industries. Their solutions include:
The team has Big Four experience but provides boutique firm service levels: Hands-on, customized advisory approach.
Address: 111 North Bridge Road, #07-11, Singapore 179098
Phone: (65) 9383 2464
Email: [email protected]
Timcole provides technology-enabled accounting, corporate secretarial, tax, and advisory services tailored for startups and growth SMEs. Services include:
Packages tailored for different business life cycle stages, including startup, growth, and expansion. The platform automates manual processes for efficiency.
Address: 111 North Bridge Road, Peninsula Plaza #20-04, Singapore 179098
Phone: +65 9852 6881 or +65 6631 9892
Email: [email protected]
One Stop provides startups and SMEs with affordable accounting, tax, payroll, and advisory services. Their solutions include:
The firm deploys cloud technologies for real-time financial data access. Accountants have experience across diverse industries to serve different clients.
Address: 10 Anson Road, #13-09 International Plaza, Singapore 079903
Phone: + (65) 9644 9531
Counto provides easy-to-use online accounting services for startups and SMEs. Solutions include:
Counto's online platform provides accessibility, automation, and collaboration features anywhere. Affordable packages suit different business needs.
Email: [email protected]
Phone: (+65) 3159 4255
VentureHaven provides outsourced accounting, tax, payroll, and advisory services tailored for startups and high-growth SMEs. Their expertise includes:
VentureHaven aims to free up founders' time to focus on growth by handling accounting, payroll, tax, and compliance needs.
Accounting Consultancy provides SMEs and startups with bookkeeping, accounting, taxation, payroll, audit support, and advisory services. Their expertise includes:
The team stays updated on the latest regulations and standards. Work is tailored to each client's specific needs.
Address: 60 Paya Lebar Road, #07-06 Paya Lebar Square, Singapore 409051
Phone: + 65 9112 0268
When evaluating accounting firms for their startup or SME, below are important factors to consider:
Accounting companies in Singapore enables startups and SMEs to access skilled financial expertise, technology, and strategic insights while focusing resources on business growth and optimization. For Singapore companies, partnering with specialist firms that understand the unique needs of high-growth startups and lean SMEs provides significant advantages over solo accounting attempts. When evaluating partners, go beyond surface capabilities and assess experience, strategic approach, networks, and technical competencies catered specifically to businesses like yours. This ensures a service experience that empowers rather than hinders your growth journey.
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