Accounting & bookkeeping — your numbers, always in order
Keep your books accurate, your taxes filed on time, and your directors informed. Karman's accountants handle monthly bookkeeping, financial statements, ECI, Form C-S, and GST — so you can run your business, not chase receipts.
End-to-end accounting — from day one to tax deadline
Every engagement covers the full accounting cycle. No piece-meal add-ons, no hidden extras.
Monthly Bookkeeping
We record every transaction, categorise expenses, and keep your ledgers accurate month by month — so there are no year-end surprises when it's time to file.
Bank Reconciliation
Your bank statements are reconciled against the books each month. Discrepancies are flagged and resolved before they compound, giving you a true picture of cash flow.
Financial Statements (SFRS)
We prepare unaudited financial statements compliant with Singapore Financial Reporting Standards — including profit & loss, balance sheet, and notes — ready for ACRA and IRAS.
ECI Filing
Estimated Chargeable Income is filed with IRAS within 3 months of your financial year end, on time, every year. We calculate your ECI accurately so IRAS never has to estimate.
Form C-S / Form C
We prepare and file your corporate income tax return — Form C-S for companies with revenue up to S$5M, or the full Form C — by the 30 November deadline each year.
GST Filing & Returns
Quarterly GST F5 returns filed on time, input tax claims maximised, and IRAS correspondence handled. Available on Growth and Scale plans, or as an add-on.
Management Reports
Quarterly or monthly management accounts give you the clarity to make confident business decisions — revenue trends, cost analysis, and a real-time view of profitability.
Payroll Processing
Monthly payroll calculations, CPF contributions, payslips, and IR8A year-end reporting. Available on Growth (up to 5 employees) and Scale (unlimited employees) plans.
CFO Advisory
On the Scale plan, your dedicated accountant acts as a fractional CFO — reviewing unit economics, advising on cash flow, and supporting fundraising or due diligence requests.
Accounting packages for every stage of growth
Fixed annual fees based on your revenue. No hourly billing, no surprise invoices at year end.
Essentials
Up to S$150k annual revenue
- Monthly bookkeeping
- Bank reconciliation
- ECI filing
- Unaudited financial statements
- Corporate tax return (Form C-S)
- GST registration & filing
- Management reports
- Payroll processing
Growth
Up to S$500k annual revenue
- Everything in Essentials
- Quarterly management reports
- GST registration & filing
- Dedicated accountant
- XBRL filing
- Payroll (up to 5 employees)
- Monthly management reports
- CFO advisory
Scale
S$500k+ annual revenue
- Everything in Growth
- Monthly management reports
- CFO advisory services
- Payroll (unlimited employees)
- Multi-entity support
- Audit preparation support
Not sure which plan fits your revenue? Talk to our team — we'll recommend the right tier and can tailor a package for unusual requirements.
Your accounting, handled in 3 steps
We take the complexity off your plate from day one. Here's exactly how it works.
Share access to your bank & transactions
Grant us read-only access to your bank feeds or share monthly statements. Upload receipts and invoices to our shared folder. No complicated setup — we guide you through onboarding in under 30 minutes.
We reconcile, categorise & produce accounts
Our accountants reconcile every transaction, categorise expenses correctly, and close your books each month. You receive a monthly summary and can ask questions any time — no accounting jargon, plain English only.
We file ECI, Form C-S, and GST on your behalf
When tax deadlines approach, we prepare your returns, share them for your approval, and submit directly to IRAS. You get confirmation of every filing. No chasing, no missed deadlines.
Common questions about accounting in Singapore
Under the Singapore Companies Act and IRAS regulations, every company must keep proper accounting records that accurately reflect its financial position and allow directors to prepare financial statements. These records — including bank statements, invoices, receipts, and payment vouchers — must be retained for at least 5 years from the end of the financial year to which they relate. ACRA can audit your books at any time, and penalties apply for inadequate record-keeping. Karman maintains your records throughout the year so they are always audit-ready.
Singapore companies have two key tax filing obligations. First, the Estimated Chargeable Income (ECI) must be filed with IRAS within 3 months after your financial year end — for example, if your FYE is 31 December, your ECI is due by 31 March. Second, your actual corporate income tax return (Form C-S or Form C) is due by 30 November of the following calendar year. Karman tracks both deadlines and prepares your filings well in advance so you are never at risk of late submission penalties.
Most small Singapore companies are exempt from statutory audit. A company qualifies for the audit exemption if it is a private company that satisfies at least 2 of 3 criteria: annual revenue not exceeding S$10 million, total assets not exceeding S$10 million, and no more than 50 employees. If your company qualifies, Karman prepares unaudited (compiled) financial statements that meet ACRA and IRAS requirements. If your company grows beyond the threshold or has investors requiring audited accounts, we can coordinate with an external auditor.
ECI — Estimated Chargeable Income — is a preliminary estimate of your company's taxable income for the financial year, filed with IRAS within 3 months of your financial year end. Most Singapore companies are required to file ECI unless they qualify for the ECI filing exemption (companies with annual revenue of S$5 million or below and an ECI of zero). Filing ECI accurately and on time prevents IRAS from raising an estimated assessment, which is always higher than actual income and requires an appeal to correct.
Form C-S is a simplified corporate income tax return designed for smaller Singapore companies. Your company can file Form C-S if it has annual revenue of S$5 million or below, derives income only from Singapore sources, and is not claiming specific reliefs such as carry-back of losses, group relief, or investment allowances. Companies that do not meet these criteria must file the full Form C instead. Both forms are due by 30 November each year. Karman determines which form applies to your company and prepares the submission on your behalf.
Complete your Singapore compliance setup
Accounting works best alongside these other Karman services.
Get your books in order from day one
Let Karman handle your accounting, bookkeeping, and tax filing so you can focus on growing your business. Starting from S$900/year.
Get started today