Swift Balance Accounting
Accounting Services
Leave the complexities of accounting to us, so you can focus on what truly matters - growing your business. With our trusted and professional accounting services, you’ll have the confidence of knowing your finances are well-managed, giving you the freedom to lead with peace of mind.
Flexible accounting services designed to evolve with your business
Compliance
Our service plans are tailored to meet all statutory and compliance obligations. Maintaining compliance will protect your business from the risks of fines and penalties that many companies face
Hassle-free
Let us tackle the nitty-gritty of sorting through your bills, invoices, and bank statements to whip up your annual reports. You kick back and enjoy the ride while we handle the heavy lifting
Timely
Our proactive accountants will keep you on your toes with friendly reminders for important deadlines and tailored action plans, so you can kick back and relax—no more fretting about missed deadlines or pesky late fees!
Flexible options
Select the accounting services that suit your needs and pay according to your transaction volume. Some clients choose to engage with us monthly or quarterly, while others prefer a comprehensive year-end report
Essential Accounting Services
Our essential accounting services are designed to provide your business with the financial clarity and support it needs to thrive.
Bookkeeping service
Bank reconciliation
Financial statements
XBRL conversion
Additional Accounts Services
We also offer some other ad hoc additional accounting services.
CFO Services
Vendor payment support
Financial planning and analysis
Audit assistance
Review of accounting policies and procedures
-
What is XBRL format?Certain Singapore companies are required to file their financial statements in XBRL (eXtensible Business Reporting Language) format. We can advise you if your campnay needs to submit reports in XBRL and, as part of our XBRL service, we can convert your financial statements into XBRL format for filing.
-
Does my company need to be audited?Based on ACRA, as a general rule of thumb, a company is exempted from having its accounts audited if it is an exempt private company with annual revenue of $5 million or less. However, there are exception to this. We will advise you on whether your company needs to be audited. Should your company's accounts need to be audited, we have a range of audit firms and will work to ensure that the audit is completed most effectively.
-
Who needs to file Financial Statements?All Singapore (SG) incorporated companies are required to file financial statements (FS) with ACRA, except for those which are exempted. Some companies will file a full set of FS in XBRL format, while others will file key financial data in XBRL format along with a full set of signed copies of the FS tabled at the annual general meeting and/or circulated to members (AGM FS) in PDF format. If you own a sole proprietorship, partnership, limited liability partnership, or limited partnership, you are not required to file FS with ACRA. For the avoidance of doubt, all SG incorporated companies are required to prepare financial statements, except for those which are dormant relevant companies.