Accounting & Financial Reporting - Singapore Accountants

Professional Accounting Services

In today’s financial landscape, accuracy and structure are essential. SGA establishes robust frameworks to ensure precise bookkeeping, clear reporting, and compliance with international standards. Like a compass, our accounting expertise keeps your business on course. Our Accounting & Financial Reporting Services offer tailored solutions to streamline operations, enhance compliance, and optimize performance.

Solving Financial Challenges Scaling Businesses

Challenge: “We can’t trust the numbers”
Success Indicator: Maintain clean books with post-close adjustments under 2%, as high-quality bookkeeping and accounting form the foundation of reliable financial management.

Challenge: “Finance doesn’t understand what we do”
Success Indicator: Align financial processes with the business model to support the CEO by deploying a qualified financial controller in Singapore.

Challenge: “Finance doesn’t understand what we do“
Success Indicator: Align financial processes with the business model to support the CEO by deploying a qualified financial controller in Singapore

Challenge: “We’re constantly tight on cash with no warning””
Success Indicator: Maintain rolling 3–6-month cash flow forecasts.

Challenge: “Things keep slipping through the cracks”
Success Indicator: Ensure timely task completion with efficient bookkeeping services in Singapore.

Challenge: “We’re constantly training someone new”
Success Indicator: Ensure seamless transitions with experienced Accountants for Taxes, reporting, and compliance.

Challenge:“Everyone’s pointing fingers when something’s missed”
Success Indicator:Create accountability across the Finance Team and Corporate Secretarial Services in Singapore.

Challenge: “Finance can’t keep up with how fast we’re growing”
Success Indicator: Adapt delivery and structure with Scalable Corporate Finance Services

Challenge:“We need to control accounting costs within the budget”
Success Indicator: Reduce overheads by outsourcing to reliable accounting services in Singapore, resulting in significant savings compared to the high cost of a full-time financial controller.

Detailed Suite of Services

Bookkeeping & Transactional Accounting

Accurate recording of daily transactions (invoices, payments, receipts).
Monthly reconciliation of bank accounts and credit card statements.
Digital filing system for financial records.
Tracking accounts receivable and accounts payable
End-to-end transactional cycle management

Operational
Finance

Cash flow and liquidity management.
Working capital optimization through efficient payment cycles and collections.
Purchase orders and expense processing management.
Monitoring and processing payments to suppliers and vendors. Seems redundant
Day-to-day treasury functions, including short-term financing needs.

Financial
Reporting (FR)

Monthly, quarterly, and annual financial statements (P&L, Balance Sheet, Cash Flow).
IFRS/GAAP-compliant reporting
Multi-entity consolidation of financial statements.
Integrated ESG Reporting
Ad-hoc financial reports for decision-making.

Audit
Coordination

Liason with external auditors.
Audit schedule preparation (trial balance, expense summaries).
Inter-departmental coordination to provide the required audit documentation.
Responding to auditor queries and resolving issues to close the audit on time.
Post-audit implementation of recommended controls or process improvements.

Bookkeeping & Transactional Accounting

Accurate recording of daily transactions (invoices, payments, receipts).
Monthly reconciliation of bank accounts and credit card statements.
Digital filing system for financial records.
Tracking accounts receivable and accounts payable
End-to-end transactional cycle management

Operational
Finance

Cash flow and liquidity management.
Working capital optimization through efficient payment cycles and collections.
Purchase orders and expense processing management.
Monitoring and processing payments to suppliers and vendors. Seems redundant
Day-to-day treasury functions, including short-term financing needs.

Financial
Reporting (FR)

Monthly, quarterly, and annual financial statements (P&L, Balance Sheet, Cash Flow).
IFRS/GAAP-compliant reporting
Multi-entity consolidation of financial statements.
Integrated ESG Reporting
Ad-hoc financial reports for decision-making.

Audit
Coordination

Liason with external auditors.
Audit schedule preparation (trial balance, expense summaries).
Inter-departmental coordination to provide the required audit documentation.
Responding to auditor queries and resolving issues to close the audit on time.
Post-audit implementation of recommended controls or process improvements.

Payroll
Accounting

Calculating and disbursing salaries, bonuses, and allowances.
Handling statutory deductions (e.g., CPF contributions, Income Tax via Form IR8A).
Managing payroll queries and adjustments for staff. Seems redundant
Payroll reconciliation with bank statements and general ledger records.
Year-end employee income reports and tax submissions (e.g., Form IR21 for tax clearance).

ERP System Implementation and Management

Calculating and disbursing salaries, bonuses, and allowances.
Handling statutory deductions (e.g., CPF contributions, Income Tax via Form IR8A).
Managing payroll queries and adjustments for staff. Seems redundant
Payroll reconciliation with bank statements and general ledger records.
Year-end employee income reports and tax submissions (e.g., Form IR21 for tax clearance).

Shared Service
Center

Centralizing finance operations to achieve consistency across multiple business units.
Implementing standardized procedures for financial processes (AP, AR, Payroll).
Multi-national operations support by managing foreign currency transactions.
Process efficiency through automation and shared resources.
Inter-company transactions management

Historical Reconciliations and Financial Clean-up

Financial Cleanup of past bank reconciliations and financial statements.
Reconciliation corrections
Cleanup inter-company accounts and balances.
Regularizing accounting records in compliance with current standards and tax rules.
Accurate financial position for upcoming audits or investor review.

Early-Stage Startups

Growth-Stage or VC/PE-Backed Companies

Owner-Managed
Businesses

Traditional SMEs

Regional Subsidiaries of Global Companies

Holding Companies /
Investment Entities

Social Enterprises,Nonprofits,
or Exit-Stage Businesses

Businesses Undergoing Restructuring

Early-Stage Startups

Growth-Stage or VC/PE-Backed Companies

Owner-Managed
Businesses

Traditional SMEs

Regional Subsidiaries of Global Companies

Holding Companies /
Investment Entities

Social Enterprises,Nonprofits,
or Exit-Stage Businesses

Businesses Undergoing Restructuring

Step 1

Business Familiarisation & Needs Assessment

Understand the business model and pain points
Discuss current challenges in the accounting setup.
Explore the company’s current compliance position.
Clarify the specific finance priorities of the founders.

Step 2

Scope Finalisation & Engagement Setup

Secure NDA and initiate Accounting Services Singapore review
Confirm deliverables, fee, and Corporate Secretarial Services Singapore scope

Step 3

Systems & Process Configuration

Obtain access to ERP, accounting software, and bank feeds
Obtain access to government portals (ACRA, IRAS, CPF, etc.)
Establish communication protocols and approval matrix.
Review chart of accounts configuration and reporting templates

Step 4

Handover Coordination with Outgoing Provider

Reconcile historical balances with expert Accountants for Taxes
Archive records and clarify items for clean transition

Step 5

Transition Execution & Go-Live

Define SOPs for each workstream, including client data requirements
Implement milestone-based execution, aligned with agreed timelines
Run parallel systems, if needed, to validate accuracy before full switchover
Execute the first full reporting cycle as outlined in the Scope of Work (SOW)