- Accounting services cost in Singapore usually ranges from S$60 to S$400 per month, depending on your business activity, payroll, and GST needs.
- Lower accounting fees are not always better, as very cheap services often come with limited support or hidden costs.
- The right accounting plan helps small businesses stay compliant and in control without paying for services they don’t need.
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. Let’s get started.
How much does accounting cost in Singapore for small businesses?
For most small businesses in Singapore, accounting fees 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 cost in Singapore based on how most SMEs operate.
Typical accounting services cost (summary)
- Simple businesses: S$60 – S$150/month
- Active small businesses: S$150 – S$400/month
- Growing or GST-registered businesses: S$400 – S$1,000+/month
These ranges reflect what most SMEs actually pay.
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 tax filing.
Typical cost:S$60 – S$90 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$90 – S$250 per month
This is the most common tier for small businesses in Singapore and balances affordability with peace of mind.
Growing businesses & employers
If your business:
- Has employees and payroll
- Needs leave management
- Requires tighter reporting or GST support
You’ll need more frequent bookkeeping and integrated systems.
Typical cost:S$250 – S$500+ per month
At this stage, accounting becomes less about filing and more about managing costs, accuracy, and timely information.
With Sleek’s accounting plans starting from S$60 per month, businesses get bookkeeping, tax filing, and ongoing accounting support in one place. Compared to managing software subscriptions, filing fees, and ad-hoc accountant charges separately, this can reduce both costs and administrative effort over time.
What affects accounting services fees in Singapore?
Accounting fees vary because businesses operate very differently. The most common factors include:
- Bookkeeping frequency (yearly, monthly, or weekly)
- Number of transactions
- Payroll management
- GST filing requirements
- Accounting software used (e.g., Xero)
- Quality of records submitted
Under IRAS requirements, businesses must keep proper accounting records for at least five years, which is why even very small companies typically need some level of bookkeeping support.
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. Here’s how the three common options compare.
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$60/month (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 |
How to estimate the cost of accounting services for your business
You’ll likely be on the lower end if:
- You have under 30 transactions per month
- You’re not GST-registered
- You don’t run payroll
You’ll likely need a mid-range or premium plan if:
- You issue invoices regularly
- You have employees
- You want monthly or weekly visibility into your numbers
Understanding this upfront helps avoid paying for services you don’t need or underpaying and fixing problems later.
How Sleek lowers your small business accounting cost
For many small businesses in Singapore, 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. Services and pricing are based on how a business operates, such as transaction volume, payroll, and compliance requirements, 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
The aim is to make accounting easier to understand and easier to manage, so business owners can make decisions with confidence as their business changes.
Our team’s happy to guide you.
450,000
businesses worldwide.
from 4,100+ reviews.
satisfaction rate from
16,000 surveyed clients.
FAQs on accounting services cost in Singapore
What is the average cost of accounting services in Singapore?
For most small businesses in Singapore, the average cost of accounting services is between S$60 and S$400 per month. The exact amount depends on how active your business is and what compliance work is required.
How much should a small business budget for accounting in Singapore?
A small business should budget for accounting based on:
- How many transactions it has each month
- Whether it has employees and payroll
- Whether it is GST-registered
Revenue alone does not determine accounting costs.
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 Singapore, accounting services fees are generally tax deductible as long as they are related to running your business.
