Intracorp Singapore

Accounting Services in Singapore

Ensure that your company’s financial matters are in safe hands, while you focus on achieving your corporate goals.

Expert Intracorp accountant sitting on a desk while working on a laptop to fulfill the accounting, bookkeeping, payroll, and auditing needs of a Singapore company
An arrow hits a target in the center while three business owners are excitedly jumping in front of a wallet with cash, representing Intracorp's goal of reaching the accounting goals of its clients

Your Goals Are Our Goals

Our aim as a business is to provide exceptional accounting services that align with our clients’ goals in business accounting. We understand that accounting is a critical aspect of running a successful business, and our objective is to assist our clients in making informed financial decisions that drive growth and profitability.

To achieve this goal, we prioritize client satisfaction, accuracy, and timeliness in delivering our services. We work closely with our clients to understand their specific accounting needs and develop tailored solutions to meet those needs.

We believe that our success as a business is directly tied to the success of our clients. Therefore, we strive to build long-term relationships based on trust, transparency, and mutual respect. Our ultimate goal is to help our clients achieve their financial goals and thrive in today’s dynamic business environment.

What We Provide

Intracorp expert working with a laptop and a planner to complete the bookkeeping requirements of a company in Singapore

Our bookkeeping services include recording financial transactions, reconciling accounts, managing accounts payable and receivable, and preparing financial statements.

A business owner placing a bill on a jar with money while standing on a staircase of coins, representing the payroll requirements of her company

Our payroll services include processing payroll, calculating and filing payroll taxes, and issuing paychecks to employees. We also offer additional services such as direct deposit and electronic tax payments.

Intracorp team expert pointing to a chart as a way of providing professional guidance for a business owner in regards to the accounting needs of a company

We offer business consulting services to help our clients navigate complex business challenges and make strategic decisions.

Business owner and Intracorp expert auditing the financial records of a company with a magnifying glass

We provide a wide range of auditing services designed to help businesses identify potential risks, improve internal controls, and ensure compliance with laws and regulations.

Intracorp team holding packages representing the available accounting packages for businesses, including monthly accounting and one-time accounting

Our Packages

Depending on your business scale and operational requirements, we offer monthly accounting and one-time annual financial statements compilations. You can use either approach depending on the nature of the company’s activities and your budget. 

In order to determine the price for bookkeeping and accounting services, we first provide an estimate based on the information received and the projected volumes of activity. In most cases the price remains as quoted initially, unless there are some additional implications which may increase the amount of work. We inform immediately if such situation occurs. Thus, our prices are transparent and pre-agreed with our customers.

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Required Documents

Basic Information

You can provide basic information about your business model and estimate the volume of transactions

Bank Statements

You can provide electronic copies of your bank statements or connect your bank account to an accounting program, such as Xero or QuickBooks

Receipts and Invoices

You can scan your invoices and receipts on the go using WhatsApp or an accounting program, such as Xero or QuickBooks

Business owner holding a checklist of the required documents to begin the accounting services with Intracorp while three receipts are falling

Package Pricing

Monthly Accounting

Starting at $100 /month
  • A large number of operations
  • Varied nature of the transactions, including the payment of salaries
  • Could be difficult to trace all transactions at the end of the reporting period
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Annual Accounting

Starting at $500 /year
  • Small or medium number of operations
  • Prevalence of operations of the same type
  • The company has information on all transactions
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Frequently Asked Questions

What Is the Difference Between Bookkeeping and Accounting?

A bookkeeper's primary responsibility is to accurately record financial transactions in the appropriate categories as money flows into and out of your bank accounts. On the other hand, an accountant is tasked with preparing comprehensive financial statements and offering valuable financial guidance.

What Is the Process for Payroll Processing and Compliance With Singapore’s Employment Laws?

Payroll processing in Singapore involves calculating and disbursing employee salaries, handling Central Provident Fund (CPF) contributions, and adhering to employment laws such as the Employment Act. Compliance includes meeting minimum wage requirements, leave entitlements, and CPF obligations.

What Is Goods and Services Tax (Gst) In Singapore, and How Does It Affect My Business?

GST is a value-added tax in Singapore. Businesses with an annual turnover exceeding S$1 million are required to register for GST. They must collect GST on their sales and remit it to the Inland Revenue Authority of Singapore (IRAS). Proper GST accounting is crucial to avoid penalties and ensure compliance.

What Is the Role of an Auditor in Singapore, and When Is an Audit Required for a Company?

Auditors in Singapore play a critical role in reviewing a company's financial statements to ensure accuracy and compliance with accounting standards. An audit is typically required for larger companies or those with public accountability. It provides assurance to stakeholders about the company's financial health

Can I Do My Own Bookkeeping in Singapore?

While it's technically possible to handle your own bookkeeping in Singapore, it's important to consider the complexities and regulations involved in the country's financial landscape. Singapore has stringent accounting and tax requirements, and any mistakes or oversights can lead to penalties or legal issues. Engaging a professional bookkeeping service like that of Intracorp can be a prudent choice. Our experienced team understands the intricacies of Singapore's accounting standards and tax laws, ensuring accurate financial records and compliance with government regulations. This frees up your time and resources to focus on your core business activities, making it a win-win situation for your company's financial health.

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