Fees
Our
fees for accounting and bookkeeping services are as follows. Please contact us
for a free consultation for us to understand your requirements.
|
Services |
Frequency |
Fees |
|
Bookkeeping1 |
Monthly |
From $300 |
|
Bookkeeping1 |
Quarterly |
From $800 |
|
Bookkeeping1 |
Semi-annual |
From $1,200 |
|
Bookkeeping1 |
Annual |
From $1,500 |
|
Compilation of financial statements2 |
Annual |
From $400 |
|
XBRL conversion3 |
Annual |
From $400 |
1: For bookkeeping services, the
fees chargeable depends on 3 factors:
·
Number
of transactions
·
Urgency
of accounts required
·
Complexity
of industry
2:
Even if your entity is not required to be audited, a set of financial
statements still has to be provided to IRAS for tax filing purpose. Therefore,
it is necessary to produce a set of financial statements.
3: Some
companies are required to file their financial statements with ACRA using XBRL
format. XBRL, or eXtensible Business Reporting Language, is a new industry
standard that uses the XML-based framework to present financial statements.
Information Required for Us to
Provide You with a Quotation
We
value each and every potential business opportunity with you and we would like
to view every business relationship with you as a long-term collaboration.
Therefore, it is important for us to understand your needs before providing you
with a customised and reasonable quotation for accounting and other services.
For
accounting services, the following questions will be useful in determining the
level of resources required to serve your needs:
1.
Frequency of preparation of the accounts required - monthly, quarterly,
semi-annual or annual basis.
2. Nature
of industry and principal activities.
3.
Expected annual revenue.
4. Number
of bank accounts.
5. Are
there any inventories?
6.
Are there any items on hire-purchase?
7. On
a monthly basis, a rough estimate of
·
Number
of bank transactions in bank statement for all bank accounts
·
Number
of sales invoices
·
Number
of transactions for purchases and other expenses
·
Number
of payroll transactions per month