Accounting Services Fees

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Every business establishment is required to maintain proper books of accounts as stipulated in the Singapore Companies Act in accordance to Singapore Financial Reporting Standards. At Budget Accounts, we have a strong fleet of dynamic Accountants and IT professionals with extensive knowledge and experience to provide you with the best accounting services experience. We have managed to develop a revolutionary way to compile and collate accounting information to produce sets of accounts with the least possible usage of resources. Our professionals have improvised a customized IT software and Workflow Management System to cater for the various needs of existing and newly set-up companies.

We have outlined the following estimated cost to enable the customers to have an insight on the framework of our cost structure related to our accounting services. This table will translate to transparent pricing as far as possible to meet our customer’s expectations.

A. Monthly accounting services (per month) From (S$)
1. Low volume transactions * 150
2. Medium volume transactions * 250
3. High volume transactions * 600
B. Annual accounting services (per year)
1. Low volume transactions * 150
2. Medium volume transactions * 400
3. High volume transactions * 700
C. GST compilation and e-filing of GST F5 (per quarter)
1. Low volume transactions * 150
2. Medium volume transactions * 300
3. High volume transactions * 500
D. GST accounting and e-filing of GST F5 (per quarter)
1. Low volume transactions * 100
2. Medium volume transactions * 400
3. High volume transactions * 800
E. Payroll Services (per employee)
1. Calculation of salary, unpaid leave, bonus & issue
of salary voucher & cheques
30
2. Leave record 25
3. IR8A 25
4. Maternity leave, childcare leave & Reservist claim 30
* The above level of transactions per month/quarter/year is determined by the followings:
Low Medium High
Number of sale invoices 0-20 20-50 >50
Turnover amount $0-$50k $50k-$500k >$500k
Bank statement transactions (no. of pages) 1 1-2 >2
Number of cheque payments 0-10 10-30 >30
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