Comprehensive Accounting Services Singapore

In today’s fast-paced and highly regulated business environment, efficient and accurate accounting is critical for the long-term success of any enterprise. Whether you’re running a startup, SME, or a large corporation, having a reliable accounting partner ensures your finances are in order and your business complies with Singapore’s statutory requirements.

At Koh & Lim Audit PAC, we specialise in delivering comprehensive accounting services in Singapore that go beyond just crunching numbers. Our team of seasoned professionals is dedicated to helping your business maintain financial integrity, meet compliance obligations, and reach strategic objectives with confidence.

Why Accounting Services in Singapore Are Essential

Singapore is a global business hub with a robust regulatory framework. Companies operating here must maintain proper financial records and submit accurate statements in accordance with the Singapore Financial Reporting Standards (SFRS) and Companies Act.

By engaging professional accounting services in Singapore, businesses benefit from:

Regulatory compliance with ACRA and IRAS
Timely financial insights for growth
Streamlined internal operations
Peace of mind for directors and stakeholders

Our Full Suite of Accounting Services

At Koh & Lim Audit PAC, we offer a broad range of accounting and bookkeeping services in Singapore, tailored to support businesses of all sizes and industries.

1. Bookkeeping and Record-Keeping Services

Bookkeeping is the foundation of sound financial management. Our bookkeeping services in Singapore ensure all financial transactions are accurately recorded, categorised, and reconciled. We manage:

General ledger maintenance
Accounts payable and receivable
Bank reconciliations
Expense tracking
Cash book entries

By keeping your books in order, we help you avoid costly mistakes and prepare for tax submissions or audits seamlessly.

2. Financial Statement Preparation

We provide end-to-end preparation of financial statements including:

Balance sheets
Profit & loss statements
Cash flow statements
Statement of changes in equity

These reports are prepared in accordance with SFRS, giving you clarity on your financial performance and helping investors, lenders, or auditors assess your position confidently.

3. Payroll Management Services

Payroll is more than just paying salaries. It involves statutory compliance with CPF, SDL, and IR8A submissions. Our payroll services in Singapore cover:

Salary computation and disbursement
Employee payslips
CPF and tax submissions
Leave and claims tracking
IRAS compliance

Outsourcing your payroll to us reduces errors, ensures timely payments, and avoids non-compliance penalties.

4. Tax Planning and Compliance

With ever-evolving tax laws, strategic planning is crucial. We offer:

Corporate income tax filing (Form C/C-S)
Goods and Services Tax (GST) filing
Withholding tax advisory
Estimated chargeable income (ECI) submissions
IRAS audit support

Our expert tax team ensures you comply with local regulations while optimising your tax position legally and efficiently.

5. Management Accounting

For businesses to grow, they need actionable financial insights. Our management accounting services include:

Budgeting and forecasting
Variance analysis
Cost control strategies
Financial KPI dashboards
Profitability analysis

These insights empower decision-makers with data to improve operations and drive profitability.

6. Audit Support and Preparation

Preparing for an internal or external audit? We assist in:

Compiling audit-ready documentation
Strengthening internal controls
Liaising with auditors
Ensuring compliance with statutory requirements

Our audit preparation service saves you time, minimises disruptions, and ensures your financial records are audit-compliant.

7. Consulting and Advisory Services

Beyond day-to-day accounting, we provide strategic advice to strengthen your business. Our advisory covers:

Business restructuring
Cash flow improvement
Financial modelling
Mergers and acquisitions support
Risk management

Whether you’re planning expansion or need help navigating financial challenges, we’re here to guide you with clarity and expertise.

Why Choose Koh & Lim Audit PAC for Your Accounting Needs?

When you choose Koh & Lim Audit PAC, you’re partnering with a team that values quality, integrity, and client success.

✔️ Experienced Professionals

Our team comprises highly qualified accountants, Chartered Accountants (CAs), and former audit professionals who bring decades of experience across various sectors in Singapore.

✔️ Tailored Accounting Solutions

We don’t believe in one-size-fits-all. Our services are customised to suit your industry, company size, and growth goals, ensuring relevant and focused support.

✔️ Technology-Driven Efficiency

We leverage leading accounting software such as Xero, QuickBooks, and MYOB to deliver real-time reports, automate entries, and enhance accuracy and timeliness.

✔️ Commitment to Quality and Accuracy

Our meticulous review processes and quality control protocols ensure every report is reliable, compliant, and presented with the highest level of precision.

✔️ Confidentiality and Trust

We handle your financial data with absolute confidentiality and adhere to professional ethics. Your trust is our greatest asset.

Benefits of Outsourcing Accounting and Bookkeeping in Singapore

Choosing professional accounting and bookkeeping services in Singapore offers significant advantages:

✅ Enhanced Financial Clarity

Access timely and accurate financial data that informs business strategies and enhances transparency for stakeholders.

✅ Time and Resource Efficiency

Save internal resources by outsourcing complex accounting tasks, allowing your team to focus on core business functions.

✅ Compliance with ACRA and IRAS

Ensure timely and correct filing of annual returns, tax returns, and financial statements to avoid penalties and reputational damage.

✅ Cost Savings

Reduce costs associated with maintaining an in-house accounting team while gaining access to highly skilled professionals.

✅ Scalable Services

As your business grows, our accounting solutions scale with you—whether you’re adding entities, entering new markets, or exploring IPOs.

Who We Serve

We provide accounting services in Singapore across a wide range of industries, including:

SMEs and startups
Retail and F&B businesses
Construction and engineering firms
Professional services firms
E-commerce and digital companies
Non-profit organisations
MCST and property management entities

Whether you need basic bookkeeping services in Singapore or a fully outsourced finance department, we have the expertise to support your journey.

Frequently Asked Questions (FAQs)

1. Is my business required to maintain proper accounting records in Singapore?
Yes, under the Companies Act, businesses are required to maintain proper records for at least five years from the end of the financial year.

2. Do I need a full-time accountant or should I outsource?
Outsourcing is cost-effective for SMEs and startups. You gain access to professional expertise without the overheads of full-time staff.

3. Can I use Xero or QuickBooks for my accounting?
Absolutely. We are certified partners of popular cloud accounting platforms and can manage your accounts via these tools efficiently.

Contact Koh & Lim Audit PAC Today

Whether you are looking for expert accounting services in Singapore or reliable bookkeeping services in Singapore, Koh & Lim Audit PAC is here to help. We offer tailored solutions that ensure compliance, support growth, and deliver peace of mind.

📍 Address: 7500A Beach Road, The Plaza, #09-324, Singapore 199591
📞 Phone: +65 98638665
📧 Email: Tommyksh@kohlimaudit.sg
🌐 Website: https://kohlimaudit.sg

Let us help you take control of your financial management while you focus on building your business. Contact us today for a consultation.

Accounting Services