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Accounting &
Bookkeeping Services

Accounting and Bookkeeping are critical functions of your business. It is however, time-consuming and heavily administrative. At Sprout Asia, we can take over the accounting so that you can focus on what you do best.

Benefits of outsourced accounting & bookkeeping

Outsourcing your bookkeeping and accounting tasks to experts will allow you more time, energy and resources to run your business operations.


Saving Time

Accounting and bookkeeping is a crucial function in your business. Outsourcing this administrative function will lessen your load and free up your time for the operations of your business.


Expert Accountants and Bookkeepers

Our accountants deal with a high volume of clients. They can provide advice and platforms
to make your company's accounting more efficient. Your Financial Statements will also be reviewed by a Chartered Accountant.


Scaling Accounting Easily

Your accounting and bookkeeping load will grow or shrink depending on your company's activities. Outsourcing this function will give you the flexibility to scale up or down your accounting needs when needed.

What are the filing deadlines?

  • Filing Deadline for Tax Form C-S/ C – 30 November

  • Estimated Chargeable Income (ECI)

  • Filing Deadline – within 3months from the end of your company’s financial year

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Screenshot 2022-11-18 at 4.04_edited.jpg
Screenshot 2022-11-18 at 4.04_edited.jpg
  • What is a Registered Address?
    In ACRA’s definition, registered office address is where all communications and notices to the company are addressed to, and where the company’s registers and records are kept. The registered office must be an address in Singapore, but it need not be the place of operation. For instance, your company’s registered office address may be in Raffles Place but your factory could be located in Tuas.
  • How do we open bank accounts in Singapore?
    Fintech bank account providers will readily accept online applications. On the other hand, brick and mortar banks only provide online applications for selected groups of customers and may require the applicant to visit the branch to meet a banker face to face. Right now, we also work with some banks to do account opening via video calls to facilitate account opening for overseas clients.
  • Can you open a bank account for me?
    We can assist our clients to set up bank accounts in Singapore.
  • How should I allocate my shares, is it important?
    The share system offers extensive flexibility, meaning shares can fall into numerous categories, depending on how the company decides to structure its stock. Find out more about the different classes of shares and how the allotment of shares impacts your company by contacting us.
  • What is paid-up capital and how much should I put?
    Paid-up capital refers to the total funds a company receives from shareholders in exchange for equity. It is required to be contributed in cash or in kind to the company. The funds can be as low as $1, but we generally recommend that you start with at least a few thousand dollars of paid-up capital to show that the company has some substance and not purely a shell company.
  • Sole Proprietorship vs Pte Ltd
    Sole Proprietorships and Private Limited Companies (Pte. Ltd.) each have their pros and cons. To understand what works better for you, there are a few factors that you have to take into consideration.
  • What is a nominee director & who can be a nominee director?
    All Singaporean companies are required to onboard at least one local director on their company’s board. Companies that do not have local directors may choose to appoint a nominee director to meet the requirement.
  • Can I be my own company secretary? What does a company secretary do?
    You can be the secretary of the company if you are a local and not the sole director. However, it is important to engage a secretary who is clear on the statutory requirements of the company e.g. Annual General Meetings, ACRA Annual Return, IRAS ECI and Form C-S.
  • How do I decide on my company Financial Year End (FYE)?
    The company’s Financial Year End (FYE) is typically a date which is the last day of the month. We recommend choosing the last day of the previous month if you don't have any particular preference (eg. If we are in the middle of May, we recommend 30 April). This will maximise your tax breaks as a start-up company.
  • What companies require Special Approval?
    Companies under selected industries or with names containing certain words will be sent to the respective referral authority.
  • What is the difference between a standard and special resolution?
    Examples of Standard Resolutions are: 1. Change in Company's Registered Address 2. Appointment or Resignation of Director 3. Change Financial Year End 4. Change of Primary or Secondary Business Activity 5. Change company name 6. Update of Company Officer's Personal Particulars ‍ Examples of Special Resolutions are: 1. Changes in the company’s Constitution 2. Share-Related Transactions ‍ Find out more about resolutions here.
  • Can Work Permit / S-Pass holders be a Director or Shareholder?
    No. S Pass or Work Permit holders are not allowed to carry on or manage any business in Singapore.
  • What is a Company Constitution?
    A company's constitution (formally known as the Memorandum and Association) is a legal document that: Describes the key characteristics of the Company Contains the rules and regulations for its governance Describes how its operations will be carried out Outlines the rights and responsibilities of the Directors, Shareholders and Company Secretary ‍ The Company's Constitution must be submitted to ACRA upon application.
  • What is an Annual General Meeting (AGM) and how is it linked to my Annual Return Filing (AR)?
    An Annual General Meeting (AGM) is one of the yearly compliance requirements for all Singapore companies. It is held to keep the company’s shareholders updated with the business health, financial performance as well as to lay out important matters such as reelection of directors. The company’s Annual Return (AR) is filed after the AGM has been held.
  • Do I need a company secretary?
    The Company Law in Singapore mandates that every company must appoint a Company Secretary, and the position must not be left vacant for more than 6 months at any point in time. The Company Secretary is responsible for ensuring that the company complies with the relevant legislations and regulations.
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