Accounting, Tax and Financial Statements

The importance of Accounting and Tax

Good Accounting and Book keeping are the basis of Financial Statements and Tax Preparation. These are mandatory compliance requirements for reporting to the authorities. Keeping your books up-to-date also allows you to make informed decisions regarding your business.

Our standard compliance package ensures that you remain in the good books of ACRA & IRAS and have good grasp of your business financials!

Your Corporate Financials made Simple.

From just S$135/month, we will handle all the critical compliance functions of your business; book-keeping, preparation of the financial statements & corporate tax filing. As your company scales, we can adjust to meet the needs of your company accordingly.

Engage us to have your Accounting needs served professionally. At Forbis Accounting, you can simply subscribe and relax. Your Accounting and Tax needs all in one simple package.

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What you get in the accounting plan.

Financial Statements – Accounting & Book Keeping

  • Monthly Book-Keeping and transaction reconciliation services up to 60 Transactions
  • Year-end non-audited financial statements

Tax 

  • Estimated Chargeable Income (ECI)
  • Form CS

 

 

 

Xero (Cloud Accounting Software)

  • Check on your company accounts anytime, anywhere through Xero 
  • When Xero auto-reconciles your bank statements, those transactions are NOT counted!
  • Subscription Includes Fully Managed Xero Plan (Ledger Plan)
  • For upgraded plans such as Standard and Multi-Currency (Pro) additional charge Xero charges will apply

Basic HR/Payroll

  • Payroll System (Talenox)- Basic Suite

 

 

 

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Value Added Accounting and Tax Add-ons

Book-Keeping

As you scale, you will have more transactions every month. All you need to do is to simply top-up $20 for additional 20 transactions.

GST Registration & Filing

If your company has more than S$1 million in revenue, it needs to be GST registered. Simply add S$50/month and ForBis ensure that the quarterly filing is completed accurately and in a timely manner.

Invoicing and Payments Service

Our accountants will invoice your clients for you and make payments to your suppliers on the same day from just S$5 per invoice and S$750 per month.

This is a popular service amongst law corporations & interior design firms.

Full Payroll Services

You can completely outsource your payroll to us at S$25 per employee. Our HR experts will compute the salary, issue the itemised payslip, process the salary payment to employees and Central Provident Funds (CPF) as well as issue Form IR8A.

     *Free Talenox subscription with a minimum of 5 employees

    Audit Required?

    Our company works with public accountants that have a wealth of experience in various industries. You can use our recommendations. If you already have an auditor in mind, we could also liaise with them!

    Upgrading Xero Accounting Subscription

    Single-Currency +S$45/month
    Multi-Currency +S$60/month

    *We also accept USD payments based on prevailing rates charged by Xero.

     

    Upgrading Talenox Subscription

    Premium Suite +S$40/month for the first 5 employees.

    Additional S$8 for each full-time employee
    Additional S$4 for each part-time employee

    ForBis eHR

    S$6/employee/month

    Optional add-on: S$0.20 per sms (70 characters)

    Optional add-on S$400/year for white-labelled domain

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      Frequently Asked Questions

      u

      Why do you need to do Accounting & Bookkeeping for your financial statements and tax preparation?

      The Singapore Companies’ Act obligates all companies registered/incorporated in Singapore to keep proper books of accounts. Good book-keeping not only facilitates day-to-day account maintenance and drafting of financial statements for the submission of annual returns but also provides insight for sound business decision-making as well as efficient financial management.

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      Why use Forbis as your professional partner?

      ForBis offers a comprehensive range of accounting and bookkeeping services for companies that wish to outsource their bookkeeping function. Our accountants can compile your yearly accounts information for submission to ACRA and IRAS. We specialise in maintaining a timely accounting system that allows you to manage your accounts cost-effectively.

      ForBis takes care of your compliance in a cost-effective and fuss-free manner, allowing you to focus on your business.

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