Private companies
Preparing statements for the annual return.
Reporting preparation
Financial Statement Preparation
Prepare financial statements from the accounting information supplied and clarified for the agreed period.
About this service
Your company's yearly financial statements
Financial statements summarise the company's year: its income, expenses, assets and liabilities. They are prepared under Singapore's financial reporting standards and are needed for the AGM, the annual return and tax filing.
Many small companies are exempt from audit, but they still need properly prepared financial statements.
Who it's for
Is this you?
Small exempt companies
Needing unaudited statements done right.
Companies changing financial year
Preparing statements for a new period.
What we handle
What working with us covers.
Every request is a little different, so we shape the work around your situation.
- 01Review of the available accounting records
- 02Identification of information gaps
- 03Preparation of the agreed statements
- 04Clarification of finalisation steps
Before you start
What you'll need.
Have these ready and we can move quickly. Don't worry if something is missing; we'll tell you what to look for.
- Your bookkeeping records for the year
- Bank statements up to the year end
- Details of loans, assets and outstanding bills
- Last year's financial statements, if any
How it works
From first message to done.
- 1
Review the records
We check the year's records for completeness.
- 2
Close the gaps
Year-end items and missing details are resolved.
- 3
Prepare the statements
The financial statements are drafted for your review.
- 4
Finalise
Statements are finalised for approval and filing.
Questions
Financial Statement Preparation: common questions.
Does my company need an audit?
Not always. Small companies that meet certain size criteria are generally exempt from audit.
What are XBRL financial statements?
A digital format ACRA requires some companies to use when filing financial statements.
Who approves the statements?
The directors approve them, and they are then presented to shareholders.
Talk to us about Financial Statement Preparation.
One message is enough to start. We reply with what applies to you and what we need.
