Accounting and Bookkeeping
Accounting & Bookkeeping for Singapore Companies
Alpha Business Solutions Pte Ltd handles your monthly bookkeeping, financial statements, and statutory filings. So you meet ACRA and IRAS requirements without hiring an in-house finance team.
We’ve helped Singapore-registered companies stay compliant, avoid penalties, and make decisions with accurate, timely financial data since 2009.
Our Services
Monthly Bookkeeping
Recording and categorising all transactions, sales, expenses, payroll, and bank fees into a clean general ledger. You get accurate books without touching a spreadsheet.
Bank & Account Reconciliation
Every bank, credit card, and payment gateway account reconciled monthly. We flag discrepancies before they become problems at year-end.
Financial Statements (SFRS-Compliant)
Year-end financial statements prepared under Singapore Financial Reporting Standards. Ready for ACRA filing, IRAS tax submission, or bank financing applications.
Management Reporting
Monthly or quarterly P&L, balance sheet, and cash flow reports. Know your margins, burn rate, and cash position without waiting for year-end.
GST Filing & XBRL Preparation
“If your business is GST-registered, our team systematically compiles and processes your quarterly corporate transactions to accurately prepare and file your GST F5 e-filing returns with IRAS, ensuring your standard-rated, zero-rated, and input tax metrics match raw general ledger invoices.
For year-end accounting, we also manage full or simplified ACRA XBRL financial statement mapping requirements via the BizFinx platform. We handle all the intricate data tagging required by local statutory frameworks so your company stays compliant and penalty-free.
Tax Filing Support
We prepare the schedules and documentation needed for Form C-S, Form C-S (Lite), or Form C filing by the 30 November deadline
How We Work With You
1. Onboarding & Scoping
We review your current bookkeeping setup, transaction volume, and software. You get a fixed monthly quote. No hourly billing, no surprises.
2. Monthly Bookkeeping
Your dedicated accounts manager records all transactions, reconciles your bank accounts, and maintains a clean general ledger. We flag discrepancies before they become year-end problems.
3. Management Reporting
Each month, you receive a P&L, balance sheet, and cash flow summary. Know your margins and cash position without waiting for year-end.
4. Compliance & Filing Support
We prepare the schedules and documentation for ACRA annual return filing and IRAS tax submission. Deadlines tracked, penalties avoided
Find out how we can assist your business.
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FAQs
Late filing triggers an automatic penalty based on the official ACRA late lodgement penalty metrics, starting at S$300 if filed up to three months late, or S$600 if filed more than three months after the deadline . Repeated late filings can lead to director disqualification or ACRA-initiated striking off of your company .
If you’ve missed your deadline, file immediately and consider engaging a professional corporate secretary to ensure future compliance.
All Singapore companies must file their Corporate Income Tax Return (Form C-S, Form C-S (Lite), or Form C) by 30 November each year in compliance with the IRAS corporate income tax filing guidelines.
Directors are legally responsible for timely filing, even if a tax agent is engaged. Late or non-filing can result in penalties of up to S$5,000.
Yes. ACRA requires all companies listed with a “live” status in BizFile to lodge their paperwork. This means you must explicitly file your ACRA dormant company annual return within seven months of your financial year end, regardless of your activity level or losses.
On the taxation side, your entity must still submit its basic annual declarations to the tax authority unless you have successfully applied for a formal IRAS tax filing waiver via the myTax Portal.
Form C-S is for Singapore-incorporated companies with annual revenue of S$5 million or below. Form C-S (Lite) is a simpler version for companies with revenue of S$200,000 or below it requires only 6 essential fields, as outlined in the official IRAS Form C-S (Lite) criteria. Companies that don’t qualify for either must file Form C, which requires full financial statements and tax computations to be submitted alongside
Yes. We are proficient in Xero, QuickBooks Online, and other secure cloud accounting platforms to streamline your bookkeeping workflows. If your business is currently tracking data on manual spreadsheets, our team will fully handle your cloud migration, chart of accounts setup, and bank feed integration as part of your initial onboarding process.
Your general ledger, cash flow data, and profit statements stay accessible to you securely online at all times. Additionally, we can recommend and set up an appropriate solution if you are not using any software as part of your onboarding.
