Singapore Financial Compilation Services | Reliable, Timely, Accurate

For businesses needing formal financial statements but not a full audit, our compilation services offer a practical solution. We assemble financial statements based on data provided by the client, ensuring that these reports meet regulatory standards and are professionally presented. Compiled statements serve as valuable tools for stakeholders, including banks, creditors, and investors, offering a reliable snapshot of a company’s financial position. Our extensive experience across industries ensures accuracy and alignment with relevant standards, providing clients with the confidence they need to navigate the financial landscape smoothly and professionally.

300% ROI*

From SMEs business services on average

24 Hours**

Saved during tax preparation

10,000+***

Consultations advisory delivered

Compilation Team Meeting

What Are Compilation Services?

Compilation services involve the preparation of financial statements based on information provided by the client. Unlike audits or reviews, compilation services do not include verification of the data’s accuracy or assessment of internal controls. Instead, the service focuses on presenting financial information in a structured and professional format that adheres to the Singapore Financial Reporting Standards (SFRS).

Accurate and Reliable Financial Statements

We provide expert compilation of your financial statements, ensuring accuracy and clarity for your business’s financial health.

Tailored Reports for Your Needs

Our team prepares customised reports that meet your specific requirements, offering a clear snapshot of your company’s financial position.

Simplifying Financial Transparency

We ensure that your financial data is presented in a consistent, easy-to-understand format, helping you make informed business decisions.

“We’ve been impressed by their meticulous compilation service. The team ensured our financial records were presentation-ready and compliant.”

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Testimonials Star
Tan Yong Kai, Founder
Aug 2023

Key Features of Our Compilation Services

1. Statutory Compliance and Annual Filings

Our team ensures that your financial statements are presented in accordance with SFRS and tailored to meet the unique needs of your business. The result is a professional document that reflects your company’s financial position accurately and comprehensively.

2. Adherence to Regulatory Standards

Singapore’s business regulations are among the most robust in the world. We ensure your financial statements comply with ACRA’s regulations, mitigating potential penalties or delays in filing.

3. Cost-Effective Solution

Unlike audits or reviews, compilation services are non-assurance engagements, making them a more affordable option for SMEs while still ensuring a high level of professionalism.

Compilation Team Meeting

Effortless Financial Compilation Services Are Just a Click Away!

Put an end to the trouble. We can take care of your compliance needs.

Compilation Consultant

Why Do Businesses Need Compilation Services?

Compilation services are often sought by small and medium-sized enterprises (SMEs) or exempt private companies that are not legally required to undergo an audit. However, these businesses still need well-organised financial statements for several reasons:

1.     Regulatory Compliance

In Singapore, all companies are required to maintain proper accounting records and prepare financial statements. While certain small companies are exempt from audit requirements under the Companies Act, these entities must still file compiled financial statements with the Accounting and Corporate Regulatory Authority (ACRA).

2.     Stakeholder Confidence

Properly compiled financial statements instill confidence among stakeholders, such as banks, investors, and creditors, showcasing the company’s financial health and stability.

3.     Facilitating Decision-Making

Clear, accurate, and professionally presented financial statements provide business owners and management with insights necessary for strategic decision-making.

4.     Smoother Tax Filing

Proper financial statements help simplify corporate tax submissions and reduce the likelihood of errors or queries from the Inland Revenue Authority of Singapore (IRAS).

Exclusive Accounting Firm Providing a Pricing Guarantee

Our price philosophy is clear: we provide an accurate, transparent quotation before initiating any project. Whether you are a new or established client seeking extra services, you will consistently know what to expect.

We offer reliable, straightforward service throughout the whole procedure, devoid of hidden costs or unforeseen surprises.

Choose us with confidence, since we are committed to openness and integrity.

Compilation Advisor

Frequently Asked Questions about Compilation

How does a compilation service benefit my business?

We’re here to help you put together your financial statements, ensuring they’re prepared in line with the accounting standards. This service is great for small to medium businesses that don’t need a full audit but still need reliable financial reporting for stakeholders.

Do I need a compilation service if my business is doing well but doesn't require an audit?

Absolutely! If you’re not required to have an audit but still need to prepare financial statements for your records or other purposes, a compilation is a great option. It ensures your statements are accurate and comply with Singapore’s financial reporting standards.

How does a compilation differ from an audit or review?

A compilation is less in-depth compared to an audit or review. We compile your financial data without doing any testing or verification, whereas an audit involves thorough checks, and a review is more about assessing financial statements at a higher level.

Is the compilation mandatory for my business?

It’s not mandatory for all businesses, but if your business has specific needs (like applying for loans, meeting shareholder requirements, or complying with certain regulations), it can be a really useful service to ensure everything’s in order.

How long does it take to complete a compilation?

The timeline can vary, but typically it takes about 1 to 2 weeks depending on the complexity of your business. We’ll keep you in the loop every step of the way to ensure everything is running smoothly.

What documents do I need to provide for a Compilation Service?

We’ll need your company’s financial records, including trial balance, bank statements, invoices, and receipts.

What’s the cost of a Compilation Service in Singapore?

The cost can vary based on the size of your business and the complexity of your records, but we always offer competitive pricing. Our goal is to provide value for your business without breaking the bank.

Do I have to get a compilation done every year?

It depends on your needs, but most businesses opt to do it annually to stay on top of their financial reporting. This helps keep things in order for tax filing, loans, or any other requirements you might have.

Can you help me understand the financial statements once the compilation is done?

Absolutely! We’re here to help you understand the financial statements and how they reflect your business’s health. We’ll explain everything clearly so you can make informed decisions moving forward.

Get Peace of Mind with Expertly Compiled Financial Statements!

A Partner in Your Success

In Singapore’s competitive business landscape, maintaining accurate and professionally presented financial records is vital for growth and sustainability. Our compilation services provide an efficient and cost-effective way for businesses to fulfill their financial reporting obligations without the need for a full audit.

By choosing us, you not only meet regulatory requirements but also gain a trusted partner in navigating your financial journey. With our expertise, industry insights, and commitment to excellence, you can focus on what truly matters—growing your business.

For more information or to get started with our compilation services, reach out to our team today.

Compilation FAQ

Enhancing Stakeholder Relationships

Well-prepared financial statements are essential tools for communication with various stakeholders. Whether it’s a loan application, attracting investors, or managing supplier relationships, our compilation services provide the financial clarity and reliability needed to build trust.

Get In Touch With Us Now

In the dynamic business environment of Singapore, financial compliance and reporting are critical for sustaining credibility and securing opportunities. Compilation services play a pivotal role for businesses that require formal financial statements but do not need or qualify for a statutory audit. These services provide a cost-effective, efficient, and professional way to present financial data, meeting both regulatory and stakeholder expectations.

    Who Can Benefit from Compilation Services?

    Compilation Review

    1.     Small and Medium Enterprises (SMEs): SMEs that qualify for audit exemptions under the “small company” criteria in the Companies Act can benefit greatly from compilation services. These criteria include meeting at least two of the following:

    ●       Total annual revenue of not more than SGD 10 million.

    ●       Total assets not exceeding SGD 10 million.

    ●       Not more than 50 employees.

    2.     Dormant Companies: Dormant companies in Singapore are exempt from preparing financial statements but may still choose to prepare them for better business planning or stakeholder communication.

    3.     Businesses Seeking Financing or Investment: Compiled financial statements are often required by banks or investors to evaluate the financial viability of a business.

    4.     Startups and New Ventures: Emerging businesses looking to maintain proper financial records and attract potential investors will find compilation services invaluable.