We file your accounting reports painlessly
We file your accounting reports painlessly
We file your accounting reports painlessly
We file your accounting reports painlessly

We file your accounting reports painlessly

Fever-free accounting services: we put together paperwork, check numbers, and file annual returns on time. Chartered Accountants answer fast and help optimise tax.

Learn what it takes
  • ACRA registered filing agent
    FA20170653
  • Xero Platinum Partner
    Xero
    Platinum Partner
  • Institute of Singapore Chartered Accountants
    Our accountants are certified by ISCA
  • MOM Employment Agency License
    License No. 19S9930
  • Infocomm Media Development Authority
    Pioneers of Cloud Community Network

Preparing financial statements yourself is a pain in the neck

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Filling out the reports is a lot of manual work

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There’s no way to check if you’ve done it right

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The filing deadlines always come at a bad time

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Your time would be much more valuable spent on something else

Out of 5 Unaudited financial statements prepared by entrepreneurs, 4 turned out to be incorrect

We do affordable online accounting for busy founders

We know how to read docs from any platform

An expert who has your back

A chartered Accountant will review your books, help receive reliefs and exemptions, compile reports and file them on time

We show profitability of every line & channel

No manual labor

We’ll take over your invoices, receipts, and bank statements in any format. We then sort, match them, and prepare reports

No-tricks pricing

No-tricks pricing

We charge a flat fee that covers financial statements, tax filing, and management reports. Bookkeeping is included, too, so you don’t have to deal with it

Don’t take our word for it, try yourself. It’s free

You can test-drive Osome straight away: upload docs effortlessly, ask us anything in a chat, explore dashboard with daily cashflow, and much more. See what exactly you’re getting before you decide.

I want a free tour
More than just filing an application
More than just filing an application

We know how to do accounting and optimise tax for your business

Every industry has its own perks and complications when it comes to bookkeeping and accounting. We advise what tax exemptions and tax reliefs your company is entitled to, and we organise your reports exactly the way needed to comply.

  • Software Industry

    Accounting for Software Industry

    The economic rise of Singapore relied heavily on hi-tech products. Over the last 40 years, the country has become a world-renowned technology hub. This atmosphere fosters great ideas.

  • Retail Industry

    Accounting for Retail Industry

    Offline shops have been in relative decline but Singaporeans aren’t buying less, they just buy online. Out of 5.6 million of Singapore’s population, 3.12 million shop online and 998,000 more users will be doing it by 2021.

  • Real Estate Industry

    Accounting for Real Estate Industry

    Singapore economy attracts businesses and employees from around the world, so there is a high demand for both residential and commercial estate.

  • Manufacture Industry

    Accounting for Manufacture Industry

    Singapore is the 4th largest global exporter of high tech products, with manufacturing contributing about 20% to the GDP. Key industry clusters include electronics, chemicals, biomedical sciences, logistics and transport engineering.

  • Insurance Industry

    Accounting for Insurance Industry

    Singapore is the largest banking and financial network in Southeast Asia. The life insurance market increased by 0.4% in 2019. With financial technology being developed, insurance companies can expand their direct life, general reinsurance, and captive insurance services.

  • Hospitality Industry

    Accounting for Hospitality Industry

    Domestic tourism is giving a boost to the hospitality industry as locals look for a holiday. The Singapore government has also launched a S$45 million marketing push to help the tourism industry cope with the impact of the pandemic.

  • Healthcare Industry

    Accounting for Healthcare Industry

    The aging population and emerging medical tourism drive healthcare demand in Singapore. New entrants may gain a considerable market share.

  • Financial Industry

    Accounting for Financial Industry

    Fintech sector is one of the fastest growing industries. Due to the high concentration of financial institutions, the Singapore market welcomes cryptocurrency, blockchain, and mobile banking projects.

  • Entertainment Industry

    Accounting for Entertainment Industry

    Singapore’s digital entertainment landscape is growing rapidly. Startups focus on content delivery with more than 7,000 media companies have set up in Singapore.

  • Education Industry

    Accounting for Education Industry

    Education is valued in Singapore: 54% of parents say they’d get into debt to fund their children’s studies. Also, the whole region craves online education services, which chimes with global trends.

  • E-commerce Industry

    Accounting for E-commerce Industry

    Singapore’s e-commerce market revenue is expected to grow at 11.2% per year reaching US$5.086 billion by 2021. As locals practice social distance during the pandemic, more are turning to online shopping to avoid crowds.

  • Construction Industry

    Accounting for Construction Industry

    Over the next three years, total construction demand is expected to be between $27 billion and $32 billion. The public sector is on the rise but there are a lot of private projects to join, too.

  • Travel Industry

    Accounting for Travel Industry

    In 2017, 17.4 million international tourists visited Singapore. That’s three times more than the entire population of the city-state. All these travelers are craving high-quality services.

  • Recruitment Industry

    Accounting for Recruitment Industry

    Singapore has a buoyant employment market. Companies turn to HR agencies to find suitable candidates both inside the country and overseas.

  • Shipping Industry

    Accounting for Shipping Industry

    Singapore is connected to more than 600 ports in over 120 countries. This makes a perfect location for the headquarters of a logistics company.

  • Publishing Industry

    Accounting for Publishing Industry

    Singaporeans are a nation of prolific readers. The city-state has one of the highest rates of literacy in the world.

  • Food Industry

    Accounting for Food Industry

    Singaporeans are known for their passionate love for food. National cuisines of other countries are always of high demand: in Singapore, there have been 39 Michelin-starred restaurants since 2018.

What you need to know about accounting in Singapore

1 2 3

1. What are the filing deadlines?

What are the filing deadlines?
1 2 3

2. Can I see sample reports?

Here are the most common reports we assist our clients with. Feel free to use them to get an idea of what is expected from your business. Do note that these are just samples, so make sure you check if there are any new regulations or specific requirements for your industry.

Can I see sample reports?
1 2 3

3. The taxes you have and don’t have to pay

sample reports

Choose the plan
that works for you

Pick a frugal annual package for business with low operations volume or a flexible regular plan that grows with your needs. All our accounting packages come as they are, no extra charges — simple and straightforward.

Mini

60 transactions a year
S$60 a month, or billed upfront at

S$50/m

Starter

40 transactions a month
S$120 a month, or billed upfront at

S$100/m

Need more?

We can tailor a solution that works for you — just talk to us

See Osome in action —  get a free tour

See Osome in action — get a free tour

Take a free tour

89% Customers
recommend us

4,100+ Clients
chose us

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Xero platinum partner

  • I've moved not just one business to Osome, but a number. If you’re a small business it’s the place to be — you’ll save time and sleep.

    Tingsager Michael

    Tingsager Michael
    Tingsager Consulting Pte. Ltd.

  • Osome is a fantastic partner for the complex accounting needs of our venture-backed corporate structure. Extra credit for helping us with fundraising transactions!

    Ajay Gopalakrishnan

    Ajay Gopalakrishnan
    Digital Services Sg Six Pte. Ltd.

  • Osome is reasonably priced and very convenient. I ended up signing my documents while I was on the metro!

    Randeep Sudan

    Randeep Sudan
    Multivertz Pte. Ltd.

  • Osome uncovered many issues that went unnoticed by our accountant. Amazing Osome staff now optimises our tax.

    Stanislav Karpenko

    Stanislav Karpenko
    GIVE VISION Pte. Ltd.

  • Everything was so seamless, it even looked like a fraud 😀 I didn’t have to go anywhere, I just use the web and mobile app to sign the docs.

    Ivan Zeljkovic

    Ivan Zeljkovic
    Evans Media Pte. Ltd.

  • I’m actually surprised they kept all their promises! I found Osome on Friday and on Monday morning everything was ready.

    John Lim

    John Lim
    Artac Pte. Ltd.

  • Many accountants I reached out to either never responded or charged extortionate amounts of money. I joined Osome and I'm incredibly happy I did.

    Pawel Wargan

    Pawel Wargan
    freelancer

  • They use the Osome app to gently nudge me to send in paperwork, and they provide me with regular updates and reminders regarding finances and filing deadlines.

    Dave Wallace

    Dave Wallace
    DW4DAYS Pte. Ltd.

4.8 out of 28 reviews

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Q&A

  • What accounting services do you have for small businesses?

    We help small businesses in Singapore with all necessary accounting services. We prepare financial statements, ECI tax reports, XBRL (full and highlights) and handle daily bookkeeping. We can apply for GST registration and submit regular reports for GST-registered companies. If your case is special, let us know and our specialists will be happy to help with accounting for your company.

  • In what form should I submit my data?

    Osome is an online accounting company. Send us your records in whichever format you have them. Drop your files in our app, store them in a cloud or e-mail to our experts — we’ll take care of the rest.

  • What do I have to report to the Accounting and Corporate Regulatory Authority (IRAS)?

    All companies are required to submit two corporate income tax returns annually — Estimated Chargeable Income (ECI) within three months from financial year end and Corporate Income Tax Return (Form C/C-S) by 30th November or 15th December if via e-filing. Unless qualifying conditions are met for ECI waiver or company has been granted Waiver of Income Tax Return Submission by IRAS.

  • How does your accounting software work?

    We have developed our own software. It connects to your bank and Xero,a bookkeeping platform. We recognise invoices and receipts, reconcile them with transactions, and update your documents and outstanding bank balance daily. We support single and multiple currencies, show actual list of all unpaid invoices and report to you if anything document is missing.

  • How is income assessed to tax?

    Tax is assessed on income earned in the preceding financial year. For example, a tax return for the Year of Assessment (YA) 2019 would be to declare the income earned during the financial year 2018. This tax return is to be submitted by 30th Nov 2019 / e-filed by 15th Dec 2019.

  • How does accounting work?

    Accounting tracks all your business activities and assets. Any time you spend, lose or make money, your bookkeeper adds it to the books. Your accountant then builds reports using these numbers. The government requests these reports to calculate how much tax you owe and whether you are exempted from some of it.

  • Why is accounting important?

    First of all, you have an obligation to report your accounts to the government: that’s how your tax is calculated. Second, accounting is crucial for internal planning and management. Mistakes could be costly: the government punishes wrong reports with fines. Not to mention, you probably base your evaluations and plans on the same numbers. So, making sure your accounting is accurate is crucial.

  • What are the accounting standards in Singapore?

    Singapore has its own system called Singapore Financial Reporting Standards (SFRS). It’s similar to IFRS and it’s accrual-based accounting. Which means transactions are recognised when they take place and not when the money is paid. Outsourced accounting services in Singapore must comply with SFRS requirements.

  • What is one transaction?

    A transaction is any deposit into or withdrawal from the bank. This is assuming all payments and receipts are done through the company’s bank. An example can be payment to suppliers, salary payments, expenses reimbursement or customer transfer. Bank fees and charges will not be considered a transaction. Our accounting services prices are based on how many transactions your business has.

  • What is XBRL?

    XBRL is the open international standard for digital business reporting, used around the world and it replaces older, paper-based reports with more useful, effective and accurate digital versions.

It takes 3 minutes to get your paperwork in order

All you need to do is sign up. We’ll answer questions and take over documents straight away.

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Your paperwork in order
  • E27
  • Entrepreneur
  • foundr
  • sgsme.sg
  • Tech in Asia
  • Vulcan post
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