- Small businesses typically pay S$60 to S$400 a month for accounting
- Transaction volume, GST and payroll move fees more than revenue
- Sleek accounting plans start from S$75 a month, billed annually
- Cheap fees can hide limited support, so check what is included
The accounting services cost in Singapore typically ranges from S$60 to S$400 a month for small businesses. Simple companies with few transactions pay at the low end; active, GST-registered or employing businesses pay more, and growing businesses with complex reporting can exceed S$1,000 a month. Transaction volume, GST registration and payroll move the price more than revenue does.
The cost of accounting services is an important consideration for any small business in Singapore. However, understanding how accounting fees are structured is not always easy.
You might see some firms quoting around S$75 a month, while others charge over S$1,000. What each price includes is not always clear, and many business owners only realise the differences after they have already signed up.
This guide explains accounting services fees in Singapore, what affects pricing, and what small businesses realistically pay, so you can compare accounting services quotes line by line.
How much does accounting cost in Singapore for small businesses?
Accounting fees in Singapore vary widely depending on how active the business is and what compliance work is required.
The table below gives a realistic overview of accounting services for small business cost, based on how most SMEs operate.
Typical accounting services Singapore price (summary)
| Profile | Typical monthly cost | What it usually covers |
|---|---|---|
| Simple businesses (low transaction volume, no GST, no payroll) | S$60 to S$150 | Yearly or monthly bookkeeping and annual tax filing |
| Active small businesses (regular invoices and expenses) | S$150 to S$400 | Monthly bookkeeping, management reports and ongoing support |
| Growing, GST-registered or employing businesses | S$400 to S$1,000+ | More frequent bookkeeping, GST returns, payroll and tighter reporting |
Ranges are Sleek estimates based on typical 2026 market quotes.
What are accounting services fees in Singapore by business type?
Very small businesses & early-stage companies
If your business has:
- Low transaction volume
- No GST registration
- No employees or minimal payroll
You usually only need yearly or monthly bookkeeping with annual corporate tax filing.
Typical cost: S$60 to S$150 per month
At this stage, the focus is compliance, keeping records clean and filing correctly, without paying for services you don’t need.
Small businesses with regular activity
If your business:
- Issues invoices regularly
- Has monthly expenses
- Needs consistent bookkeeping
You’ll benefit from monthly bookkeeping and ongoing support.
Typical cost: S$150 to S$400 per month
This tier balances affordability with peace of mind.
Growing businesses, GST-registered businesses & employers
If your business:
- Is GST-registered
- Has employees and payroll
- Needs leave management
- Requires tighter reporting
You’ll need more frequent bookkeeping and integrated systems.
Typical cost: S$400 to S$1,000+ per month
At this stage, accounting becomes less about filing and more about managing costs, accuracy, and timely information.
Quick note: With Sleek’s accounting plans starting from S$75 per month, billed annually, businesses get bookkeeping, tax filing and an assigned accountant in one place. Compared with managing software subscriptions, filing fees and ad-hoc accountant charges separately, this can reduce both costs and administrative effort over time.
What does each accounting service cost in Singapore?
Think of this as an accounting services price list for Sleek: what each service is, when you need it and what Sleek charges. The bookkeeping services Singapore price depends on how often you want your books updated, so annual and monthly options are listed separately.
Use this accounting services Singapore price table to compare quotes line by line. It covers routine work like bookkeeping and tax returns, as well as items such as ECI and XBRL filing.
| Service | What it is | When you need it | Sleek price | Included in Sleek’s base plan? |
|---|---|---|---|---|
| Bookkeeping | Recording and categorising your transactions | Every year, with yearly, monthly or weekly updates depending on activity | From S$75/mo (annual) or S$90/mo (monthly) | Y (annual bookkeeping) |
| Annual financial statements | Year-end statements prepared from your books | Every year, for annual filings | Included | Y |
| ECI filing | Estimated chargeable income reported to IRAS | After each financial year end, unless exempt | Quoted on request | N |
| Corporate tax return (Form C-S / C-S Lite / C) | Annual return of taxable income to IRAS | Every year; the form depends on your company’s size and income | Included | Y |
| GST registration | Registering with IRAS to charge GST | When your taxable turnover reaches IRAS’s threshold, or if you register voluntarily | Quoted on request | N |
| GST returns | Periodic GST filings with IRAS | Every filing period once you are registered | Quoted on request | N |
| XBRL | Financial statements in the digital format ACRA requires for some companies | If your company falls within ACRA’s XBRL filing requirements | Quoted on request | N |
| Payroll (per employee) | Payslips, CPF and IR8A for your employees | When you have employees | S$300 per employee per year | N (Accounting Premium covers up to 5 employees) |
| Catch-up bookkeeping | Bringing back-dated records up to date | When records are behind or missing | Quoted on request | N |
Sleek prices are list prices from sleek.com/sg/all-services/ (accessed 13 October 2026). Items without a separate price are quoted on request.
What affects accounting services fees in Singapore?
The main drivers of accounting fees in Singapore are:
- Transaction volume: more invoices, receipts and bank lines mean more bookkeeping time, so volume moves the price more than revenue does.
- GST registration: once you are registered, you also need regular GST filing on top of your bookkeeping.
- Payroll: employees add monthly payslips, CPF and year-end filings, which Sleek runs as a payroll service.
- State of records: back-dated or messy records need catch-up bookkeeping before regular work can start.
- Reporting needs: monthly management reports and tighter reporting cost more than one annual set of financial statements.
Pro tip: IRAS requires companies to keep business records for at least five years from the relevant Year of Assessment (IRAS record-keeping requirements), which is why even very small companies need some bookkeeping support.
What is the real cost of accounting services in Singapore: DIY vs Sleek vs traditional firms?
Accounting costs can look similar on the surface, but what you actually pay and manage differs significantly depending on how you handle your books. Cheap accounting services in Singapore are not always better value, because very cheap options often come with limited support or hidden costs.
If you are weighing whether to hand accounting over at all, our guide to outsourced accounting covers when it makes sense.
Comparison: DIY vs Sleek vs traditional accounting firms
| Factor | DIY (Software only) | Sleek | Traditional accounting firm |
|---|---|---|---|
| Typical cost | S$30–S$60/month (software only) | From S$75/month, billed annually (all-in plans) | From S$150–S$300+/month |
| What’s included | Accounting software access only | Bookkeeping, tax filing, dedicated accountant, software | Bookkeeping and filing, software often charged separately |
| What you handle | All data entry, reconciliations, filings, and deadlines | Sleek manages bookkeeping, compliance, and filings digitally | Document sharing and follow-ups often manual |
| Support level | Self-service, no advice | Ongoing support and explanations | Varies by firm, often reactive |
| Cost predictability | Low (time cost + risk of errors) | High (clear plans, scalable) | Medium to low (add-ons and hourly charges common) |
| Best for | Founders confident with accounting and low transaction volume | Small businesses wanting clarity, speed, and compliance | Businesses that prefer traditional setups despite higher costs |
DIY and traditional-firm ranges are Sleek estimates based on typical market quotes. A traditional firm can suit you better if you want in-person meetings with one named accountant.
How do you estimate the cost of accounting services for your business?
Answer these four questions, then use the accounting services price list above to place yourself in a band:
- Transactions: if you have under 30 transactions per month, you will likely be at the lower end.
- GST status: if you are GST-registered, you will need regular GST returns, which pushes the cost up.
- Employees: if you run payroll, expect a mid-range or premium plan.
- Scope: if you want monthly or weekly visibility into your numbers, expect to pay more than for yearly records.
Understanding this upfront helps avoid paying for services you don’t need or underpaying and fixing problems later.
How does Sleek lower your small business accounting cost?
For many small businesses, accounting costs are hard to predict. Fees can change as the business grows, support levels are not always clear, and it is often difficult to know whether you are paying for what your business actually needs.
Sleek approaches accounting differently. Plans start from S$75 per month, billed annually, and are priced by your annual expenses rather than fixed packages that may not fit.
Business owners work with Sleek because they value:
- Clear and predictable pricing
- Digital bookkeeping that reduces manual work
- Accountants who take time to explain filings and numbers
- Plans that can be adjusted as the business grows
Cheap accounting services in Singapore can look attractive, but clear inclusions matter more than the lowest quote. Our team is happy to guide you, and you can find more cost guides in our Sleek resources.
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FAQs on accounting services cost singapore
How much should a small business budget for accounting in Singapore?
Budget based on how your business operates, not on revenue alone. Count your monthly transactions, whether you have employees and payroll, and whether you are GST-registered. Sleek’s bookkeeping services Singapore price starts from S$75 per month for annual bookkeeping and S$90 per month for monthly bookkeeping, and accounting services for small business cost more as these factors grow.
Do accounting fees increase as a business grows?
Yes. As a business grows, accounting fees usually increase because there are more transactions, employees, and reporting requirements to manage.
Are accounting services fees tax-deductible in Singapore?
Yes, in most cases. Accounting fees are generally tax deductible in Singapore as long as they relate to running your business. Check the IRAS guidance on business expenses for your situation.
What is the most expensive accounting package, and what do you get for it?
Sleek’s most comprehensive plan is Accounting Premium, from S$250 per month depending on your annual expenses. It adds weekly bookkeeping, quarterly review meetings with a senior accountant, a 24-hour support SLA, Xero, and payroll and leave management for up to five employees on top of everything in the lower plans. The price rises with your annual expense band.
Will I need to do anything myself, or is the accounting done for me?
Your assigned accountant handles the bookkeeping and tax filing. You still need to submit your receipts and invoices, which Sleek’s smart receipt submission makes simple, and respond when your accountant has a question.
Is accounting software included in the fee?
Yes. Every Sleek accounting plan includes SleekBooks, Sleek’s own accounting software, and Accounting Premium also includes Xero. Sleek is a Xero Platinum Partner, so your records stay in one place.
