Essential Accounting Services in Singapore
Bookkeeping & Statutory Compliance
Transaction Processing & Bookkeeping (Monthly, Quarterly, or Annually)
We offer flexible bookkeeping services either at your business premises or from our office. Our first step is to set up your books and required ledgers in the Xero accounting system, assisting you with a smooth transition from legacy systems.
Once set up, we manage your monthly bookkeeping based on the following documents provided by your team:
- Approved payment vouchers and claim forms
- Bank statements, bank-in slips, and debit/credit advice
- Other relevant source documents
Our service includes:
- Setting up automatic bank feeds
- Preparing online bank transactions for your approval
Financial Reporting / Management Accounts (Monthly, Quarterly, or Semi-Annually)
We prepare and submit regular management reports including:
- Trial Balance
- Income Statement
- Balance Sheet
- Bank Reconciliation
These reports are shared with your local office and headquarters for review and approval.
Annual Compliance Reporting
Year-End Financial Statements
Singapore law requires all companies to prepare annual financial statements. We prepare these based on the accounts we’ve maintained or using your existing financial records.
XBRL Conversion
Companies with corporate shareholders or audited accounts must file financials in XBRL format. We convert your financial statements into XBRL format in compliance with ACRA regulations.
GST Registration & Filing
If your business is GST-registered, quarterly GST returns must be submitted to IRAS. We handle:
- Accurate GST computation
- Timely preparation and filing of quarterly GST returns
Audit Assistance
We advise whether your company needs to be audited under Singapore law. If so, we coordinate with reputable local and international audit firms to ensure a smooth process. Our team works closely with the auditors to provide all required schedules, supporting documentation, and timely responses, minimizing any disruption to your business operations.
Why Choose WLP for Your Accounting Needs?
1. Timely & Accurate Delivery
Our certified accounting professionals ensure all deliverables are completed on time and with precision, avoiding costly errors.
2. Deep Local Expertise
With in-depth knowledge of Singapore’s regulatory environment, we set up and maintain your accounting structure to ensure full compliance and smooth operations.
3. Regional Reach
Our presence across Asia makes us the ideal partner for businesses looking to expand beyond Singapore into key regional markets.
Seamless Transition to WLP
Switching to a new accounting provider doesn’t have to be stressful. We’ll handle everything — from contacting your current accountant to collecting necessary documents, to registering with IRAS on your behalf. You’ll be up and running with minimal effort, so you can stay focused on growing your business.
Get Started Today
Make business operations in Singapore easier with WLP’s reliable and flexible accounting services. Let WLP manage your finances — so you can manage your business.