Accounting & Taxation Package

Small
$214/month
+ $107 for GST Registered Company
  • Best for start-up and small companies with yet small staff typically earning less than S$200,000 p/a
  • Up to 30 transactions/receipts per month
    Bookkeeping
    Verify Client's Data Entry
    Prepare Management Report
    Compile Yearly Unaudited Report
  • Taxation
  • Prepare & Submit Estimated Chargeable Income
    Prepare & File Form C/S
Popular
MEDIUM
$428/month
+ $160 for GST Registered Company
  • Best for businesses on track to expand typically earning less than S$500,000 p/a
  • Up to 60 transactions/receipts per month
    Bookkeeping
    Verify Client's Data Entry
    Prepare Management Report
    Compile Yearly Unaudited Report
  • Taxation
  • Prepare & Submit Estimated Chargeable Income
    Prepare & File Form C/S
LARGE
$635/month
+ $214 for GST Registered Company
  • Suitable for growing companies with revenue around S$1,000,000 p/a
  • Up to 100 transactions/receipts per month
    Bookkeeping
    Verify Client's Data Entry
    Prepare Management Report
    Compile Yearly Unaudited Report
  • Taxation
  • Prepare & Submit Estimated Chargeable Income
    Prepare & File Form C/S

Add-on Accounting Software Subscription

Xero Accounting + $40 per month
Financio Accounting + $10 per month

Add-on Payroll

Basic Monthly Payroll + CPF Submission
Up to 5 Full-time Staff + $150 per month
Each additional Staff + $25 per Full Time Employee
+ $35 per Part Time employee

Timcole Accounting Services in Singapore

Proper bookkeeping is one of the key obligations for companies operating in Singapore. The Accounting and Corporate Regulatory Authority (ACRA), is mandated to enforce this regulation by penalizing, fining, and prosecuting companies who fail to practice proper bookkeeping services.

In-house bookkeeping can be quite a hassle, and there are no room for mistakes. This is why most businesses, ranging from SMEs to multinational companies, prefer outsourcing their bookkeeping services. Timcole is one of the leading providers of accounting services in Singapore.

Comprehensive and Flawless Accounting Services

After the incorporation of your business in Singapore, and start on the secretarial services, the next step is to start with your company accounting. At Timcole, we offer comprehensive accounting services to all start-up and existing businesses. All our services are compliant with the rules and regulations laid down by ACRA, and we are always up-to-date with any changes or new developments in the industry. Our range of services cover basic accounting services for small businesses to more complex services for bigger corporations.

Our wide range of services include:

  • Assistance with accounting software
  • Recording and filing full sets of accounting transactions
  • Banking and accounting reconciliations
  • Compilation of all business accounts
  • Accounts Payable (AP) services
  • Professional accounting services

As previously mentioned, there is no room for making mistakes with your business’ bookkeeping. Any mistakes may get you penalized, fined, and even prosecuted. At Timcole, we use top-of-the-range accounting software and hire only the best accounting minds. We never make mistakes, and our accounting services are comprehensive.

Our accounting services include:

  • Preparation of financial and cash flow statements

A financial statement is used to give a picture of a company’s financial position. It incorporates several accounting documentations, including the company’s balance sheet, director’s report, and income statement, among others.

  • Forensic accounting

Our accountants are licensed to conduct forensic accounting, which is meant to uncover any fraud, mismanagement, and other financial crimes and irregularities in a company. We are meticulous in our services.

  • Compilation and preparation of Director’s Report

Companies have an obligation to their creditors and stakeholders. To prove a company’s credibility to these parties, the director is required to prepare and file a report. This report is submitted to ACRA and other relevant bodies, along with the annual report and financial statement. Timcole helps companies of all sizes prepare flawless, professional director’s reports in accordance with the set regulations.

  • Preparation of XBRL statements

ACRA mandates that financial statements should be filed in XBRL format. Most businesses and companies do not have the resources to do so through their in-house bookkeeping. Here at Timcole, we are recognized for our flawless XBRL filing services, and we are constantly refining them to keep up with any new developments.

The Best Accounting Service Provider

Singapore’s accounting regulation is strict, and the authorities are always updating the rules to keep up with global accounting standards. At Timcole, we are constantly on the lookout for updates on these regulations. We also use the best accounting minds and software to ensure that everything is done just right. We keep up with all accounting standards, including the International Financial Reporting Standards (IFRS) and the Singapore Financial Reporting Standards (SFRS).

We are confident in the services we offer. Here is what you can be assured with:

  • Qualified Certified Public Accountant (CPA)

We hire only the best minds in the accounting sector. Our CPAs will work directly with your company on a one-on-one basis to fulfill all your needs and preferences.

  • Comprehensive Accounting Services

Our CPAs will handle all your accounting burden, and all you have to do is furnish us with the relevant records and documents to facilitate our services.

  • Compliance with Regulations

We are professionals and we guarantee our clients flawless solutions to their accounting needs. We work within the regulations of ACRA, and customize our services to suit the size and nature of your company. We are always updating ourselves with the regulations, so you do not need to worry about a thing on your side.

  • Cost Efficiency

We are not only one of the leading accounting consultants in Singapore, but also one of the most cost-friendly. Our services are affordable and they will save you a lot of time and effort, which can be put to better use elsewhere. We will also save you a lot of money in the long run.

Why Outsource Your Bookkeeping to Timcole?

Majority of companies and businesses in Singapore prefer to outsource their bookkeeping work to accounting consultants. They know that the benefits far outweigh the costs. These are some of the benefits you can enjoy by outsourcing your bookkeeping work:

  • Save Money

Maintaining an in-house bookkeeping department is expensive even for major corporations. It means paying more in salaries and associated costs. Our services would come at a fraction of that cost, while at the same time, guaranteeing you our level of professionalism.

  • Save Time

Depending on the size of your business, bookkeeping may demand an entire department dedicated to the task. It can also take up a lot of your time. However, outsourcing the work to us means that we do everything while you concentrate on running other facets of the business.

  • Guaranteed Precision

How complex are your bookkeeping needs? Regardless on how demanding or complex they may be, we have the resources and manpower to file them precisely.

Get in Touch

It is important to file your company’s accounts on time, so do not hesitate to get in touch with us or visit us at our firm located in Jurong West.

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