Accounting Services

RMS can provide you and your company with efficient and transparent accounting and tax submission services. With outsourced accounting solutions like RMS, you can focus entirely on your business matters as our professional accounting team will help you with mandatory requirements during the financial year like income statements, investments, maintenance, income tax return filing, annual return filing addresses and more.

Our accounting firm partners with fully automated and paperless financial systems and accounting software – Receipt Bank, Xero and RMS Accounting Software. Receipt Bank offers pre-accounting solutions by extracting details from the photos of our clients’ receipts, while Xero and RMS Accounting Software offers digital solutions for all your expenses, money transactions, invoices and accounting records. You can call our accountant if you have any questions or run into any issues with our accounting software. Our team of professionals and accountants who have years of training and experience with analysis and generating reports for accounting services in Singapore will answer the queries from our clients. To begin, call or leave us your email via our form, and one of our accounting team members will get in touch with you for a free consultation and cost estimate. Our accounting firm offers the most reasonable price for our accounting service. We’re only one call away!

Traditional accounting firms and accounting services in Singapore refer to the process of summarizing, analyzing cash flow and interpreting numbers, and financial transactions that are classified in the ledger account. Other services for your pte ltd per month include the process of identifying, measuring, and recording financial transactions daily and in a consistent manner.

If you’re a private limited (pte ltd) business owner, knowing how to address the difference between accounting services in Singapore, compared to the rest of the world, can definitely help you understand the key roles the two processes and reports have in growing your company.

Save on your costs and time, and focus on your business by outsourcing your private limited company’s accounting services, annual return documents and accounting requirements to us, a team of accountants with professional training who are compliant to the Singapore privacy policy. Our accounting services follow financial reporting standards and our accountant takes care of all the expenses and financial records for our clients. We are not another traditional accounting firm that charges clients everything with an additional fee, the price and fee for every single one of our accounting service packages per month is transparent to all our clients and you can view them all from our website.

Our clients can freely select the package that best suits your business. You can also choose how many management reports you would like to request from us a year or upgrade your subscription later if you need to request for monthly management reports. We use accounting softwares such as Xero and RMS Accounting Software as a basis to manage your expenses, invoices and accounting records efficiently. Please call our team or submit the form above now to find out more about our accounting services! Our staff and accountant will talk to you soon.

If your accounts are messy, during onboarding, our team will address it by doing an initial accounting review, using accounting software from our pre-accounting software partner Receipt Bank and our digital financial system partners, Xero or RMS’s in-house RMS Accounting Software, in order to help you identify any issues and to propose the best corrective measures. This process is known as a ‘Reconstruction of Accounts’ and is a necessary basis to ensure that when our clients join RMS your business and money accounts are in a position which is in accordance with the Accounting Standards of Singapore. After that, our accountant will welcome you onboard with our hassle-free digital solutions and accounting services.

Leave us your email through the form above or phone us to speak to an accountant or sales for a free consultation on the price of our package or fee for our accounting services today.

If your total revenue is more than S$1M (irrespective of whether the revenue is generated onshore or offshore), then your company must apply for a GST Exemption (GST F2 application) with IRAS to defer the need to conduct ongoing GST compliance. Going forward and in order to maintain this exemption, your company will need to constantly monitor your total offshore/international revenue to ensure that it continues to form at least 90% of your total revenue allocation.

At any time, if your offshore revenue drops below 90% (let’s say, consistently for 3 months), then you need to inform IRAS and register for GST as soon as possible. It is also likely that IRAS will backdate the effective date of GST registration to the date where the offshore/international sales falls below 90%.

At RMS we can assist you to apply for the GST Exemption (GST F2 application) if you are eligible. Our fee is S$xxx.

If your company is GST registered, it means you will need to raise invoices with 7% GST for all local Singapore customers and 0% GST for all overseas customers. Companies can also claim GST input for local suppliers’ invoices and will have to file for GST on a quarterly basis.