Accounting Cleanup in Singapore
We fix the mess underneath your numbers so every report can be trusted. Delivered to SFRS for Singaporean businesses, priced in SGD.
A Singapore cleanup has to satisfy two regulators at once. Books that reconcile perfectly for GST can still fail SFRS presentation, and XBRL tagging exposes it the moment the ACRA filing is prepared. We fix the underlying classification first, reconcile GST back to the F5 returns already filed, and restate so the annual return and the tax computation come off one closed set of accounts.
Duplicate entries, a bloated chart of accounts, miscategorised transactions, unreconciled balances — cleanup is different from bookkeeping. We diagnose and repair the structural problems in your file so your financials become accurate, auditable, and investor-ready.
The deadlines we track against your ledger.
| Obligation | Frequency | Due | Authority |
|---|---|---|---|
| ACRA annual returnPrivate companies | Annual | Within 7 months of the financial year end | ACRA |
| GST F5 return and paymentGST-registered businesses | Quarterly | 1 month after the end of the accounting period | IRAS |
| Corporate income tax return (Form C-S / Form C) | Annual | 30 November | IRAS |
Last reviewed against the source . These are the standard dates. Extensions through a registered agent, a non-calendar year end, and volume-based filing frequencies all shift them — confirm your own dates with IRAS. This is general information, not tax advice.
Accounting Cleanup deliverables
- Chart-of-accounts restructure
- Duplicate & error removal
- Re-categorisation of mis-coded transactions
- Reconciliation error correction
- Opening-balance and equity clean-up
Xero
IRAS operates a listing of accounting software supporting seamless filing, so choosing a supported package removes most of the manual work at GST and corporate-tax time.
A worked example, in your currency.
A Singapore holding company with regional subsidiaries, 1,900 transactions a month, GST-registered.
- In-house accountant (fully loaded, per month)
- $7,100
- Salt bookkeeping + GST and consolidation
- $2,400
- Monthly saving
- $4,700
Figures in SGD. Regional holding structures usually need consolidation and intercompany reconciliation on top of statutory filing.
The framework your Singapore accounts are held to.
We prepare to Singapore Financial Reporting Standards (SFRS), IFRS-aligned. These are the bodies that set that framework and the authorities you file with — linked so you can verify the standard rather than take our word for it.
- Professional bodyISCAInstitute of Singapore Chartered AccountantsThe national accountancy body for Singapore.
- RegulatorACRAAccounting and Corporate Regulatory AuthorityCompany registry, annual returns and financial reporting.
- RegulatorIRASInland Revenue Authority of SingaporeGST, ECI and corporate income tax filing.
Listed for reference. Salt Accounting Group is not stating membership, registration or affiliation with any of these organisations. Where a filing must be lodged by a registered local agent, it is — your agent keeps the lodgement and the professional sign-off.
Accounting Cleanup in Singapore
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Accounting Cleanup for Singapore, simply handled.
Tell us where you trade and what shape the books are in. You get scope, price and a start date in writing within one business day — no obligation.