Accounting & Financial Reporting
All businesses are require to keep proper financial records for effective management and regulatory compliance. As technology advance. remote working with cloud accounting and digital tools are now essential. Our firm adopts these technologies to help clients improve efficiency and stay compliant.
Simplifying your finances, Empowering your growth
At Deltus, we understand that accurate financial records are the backbone of any successful
business. Our comprehensive accounting and bookkeeping services are designed to provide
you with clear insights and ensure compliance, allowing you to focus on what you do best
— growing your business.
OUR METHODOLOGY
In today’s fast-changing business environment, start-ups, small and medium enterprises (SMEs) often benefit from external support with accounting and reporting—particularly after restructuring their finance teams, expanding operations, or navigating business transitions such as mergers or divestments. No matter your situation, having timely and accurate financial information is crucial for effective decision-making. It’s equally important to ensure that your monthly bookkeeping and reporting tasks are well-managed and properly kept in accordance with the requirements of the Companies Act.
At Deltus, we provide outsourced accounting and reporting services tailored to meet the unique needs of SMEs. Our experienced team works closely with you to deliver solutions that integrate seamlessly with your existing operations, offering both flexibility and reliability.
Whether you need help preparing management reports or are looking to fully outsource your monthly accounting functions, we’re committed to delivering the right level of support.
In today’s fast-changing business environment, start-ups, small and medium enterprises (SMEs) often benefit from external support with accounting and reporting—particularly after restructuring their finance teams, expanding operations, or navigating business transitions such as mergers or divestments. No matter your situation, having timely and accurate financial information is crucial for effective decision-making. It’s equally important to ensure that your monthly bookkeeping and reporting tasks are well-managed and properly kept in accordance with the requirements of the Companies Act.
At Deltus, we provide outsourced accounting and reporting services tailored to meet the unique needs of SMEs. Our experienced team works closely with you to deliver solutions that integrate seamlessly with your existing operations, offering both flexibility and reliability.
Whether you need help preparing management reports or are looking to fully outsource your monthly accounting functions, we’re committed to delivering the right level of support.
Our Services:
1. INITAL SETUP & ONBOARDING
Client needs assessment- Understand business nature, industry, volume of transactions, reporting needs- Identify pain points in existing accounting processes
Service scope definition- Agree on services required (e.g. bookkeeping, GST filing, payroll, financial statements, etc.)
System setup- Choose accounting software (e.g. Xero, QuickBooks, AI account, MYOB, or custom ERP) - Cloud Accounting Integration: Utilization of platforms like Xero and QuickBooks for real-time financial tracking.- Set up chart of accounts- Migrate prior-year closing balance into new accounting system (if changing service provider)
Document collection process defined- Set standard format and schedule for sharing source documents (invoices, receipts, bank statements, etc.)- Establish document-sharing methods (email, Dropbox, client portal, Whatsapp, Wechat etc.)
Engagement letter signed- Outlines responsibilities, fees, scope, confidentiality, timelines
System setup- Choose accounting software (e.g. Xero, QuickBooks, AI account, MYOB, or custom ERP) - Cloud Accounting Integration: Utilization of platforms like Xero and QuickBooks for real-time financial tracking.- Set up chart of accounts- Migrate prior-year closing balance into new accounting system (if changing service provider)
Document collection process defined- Set standard format and schedule for sharing source documents (invoices, receipts, bank statements, etc.)- Establish document-sharing methods (email, Dropbox, client portal, Whatsapp, Wechat etc.)
Engagement letter signed- Outlines responsibilities, fees, scope, confidentiality, timelines
2. Monthly / Quarterly / Annual Bookkeeping Services
Recording of transactions- Sales invoices and receipts- Purchase bills and supplier payments
- Debit & Credit Note- Expense claims and petty cash recording- Bank / payment & receipts transactions- Bank Loan liabilities, interest and repayments
- All other transactions
Bank reconciliation- Match / reconcile bank statements balance to general ledger balance to ensure accuracy
- Investigate & remove unreconciled items due to duplicated payment records
Accounts receivable and payable aging reports- Track customer detail outstanding balances and supplier payables - Efficient tracking and management of your incoming and outgoing payments.- Contact debtors to enquire or obtain balance payment status (additional) Fixed asset / Intangible asset register maintenance- Record acquisitions, disposals, depreciation of tangible assets - Record acquisitions, disposals, amortisation of intangible assets - Review supporting documents to ensure accurate recordings and distinction between Capex / Opex expenditure - Recording of Right-Of-Use Assets & Lease Liabilities - Lease Accounting Schedules Prepayment & Accruals maintenance Prepayment recording: - Review supporting documents (e.g. invoices, contracts) for prepaid expenses.- Identify and classify prepaid items (e.g. insurance, rent, subscriptions).- Record journal entries to capitalise prepaid expenses in the balance sheet.- Set up monthly amortization schedules for systematic expense recognition.- Post monthly adjusting entries to recognize expenses over time.- Monitor expiry and renewal dates of prepaid contracts.- Reconcile prepaid account balances with source documents regularly.- Provide monthly/quarterly reports on outstanding prepaid balances. Accruals recording: - Review recurring and non-recurring expenses for period-end accruals.- Identify unpaid expenses incurred (e.g. utilities, payroll, various professional fees).- Prepare accrual journal entries based on estimates or known obligations.- Record accrued liabilities and related expense in the correct period.- Reverse accruals in the following period to avoid duplication.- Maintain supporting schedules for accrued expenses.- Communicate with client/vendor for cutoff clarity and documentation.- Reconcile accrued liabilities monthly to ensure accuracy.
Inventory accounting (if applicable)- Record stock movements and calculate closing inventory values
Accounts receivable and payable aging reports- Track customer detail outstanding balances and supplier payables - Efficient tracking and management of your incoming and outgoing payments.- Contact debtors to enquire or obtain balance payment status (additional) Fixed asset / Intangible asset register maintenance- Record acquisitions, disposals, depreciation of tangible assets - Record acquisitions, disposals, amortisation of intangible assets - Review supporting documents to ensure accurate recordings and distinction between Capex / Opex expenditure - Recording of Right-Of-Use Assets & Lease Liabilities - Lease Accounting Schedules Prepayment & Accruals maintenance Prepayment recording: - Review supporting documents (e.g. invoices, contracts) for prepaid expenses.- Identify and classify prepaid items (e.g. insurance, rent, subscriptions).- Record journal entries to capitalise prepaid expenses in the balance sheet.- Set up monthly amortization schedules for systematic expense recognition.- Post monthly adjusting entries to recognize expenses over time.- Monitor expiry and renewal dates of prepaid contracts.- Reconcile prepaid account balances with source documents regularly.- Provide monthly/quarterly reports on outstanding prepaid balances. Accruals recording: - Review recurring and non-recurring expenses for period-end accruals.- Identify unpaid expenses incurred (e.g. utilities, payroll, various professional fees).- Prepare accrual journal entries based on estimates or known obligations.- Record accrued liabilities and related expense in the correct period.- Reverse accruals in the following period to avoid duplication.- Maintain supporting schedules for accrued expenses.- Communicate with client/vendor for cutoff clarity and documentation.- Reconcile accrued liabilities monthly to ensure accuracy.
Inventory accounting (if applicable)- Record stock movements and calculate closing inventory values
Ready to outsource your accounts?
3. Management Reporting
Preparation of monthly/quarterly/bi-annual financial reports- Profit & Loss Statement- Balance Sheet- Cash Flow Statement- General ledger and trial balance- Business performance review (optional add-on)
4. Unaudited Financial Statements & Corporate Reporting
Preparation of full set of financial statements*- In compliance with Singapore Financial Reporting Standards (SFRS)
- Includes Director’s Statement and Notes to Accounts- XBRL conversion and submission to ACRA (if required)
* Small Companies without public accountability may find it more cost-effective to transit or adopt the full Singapore FRS 119 to take advantage of the reduced disclosure requirements given the major update in the new edition which will come into effect on 1st Jan 2027 subjected to meeting the prescribed qualitative and quantitative criteria.
Accounting Packages Designed for Your Business
STARTER (Micro business / low activity)
S$280 / month or S$3,200 / year (prepaid)
- Up to 30 transactions per month
- Does not have any corporate shareholders
- Is an SG-incorporated EPCs
- 1 bank account only
- Monthly bookkeeping
- Bank reconciliation (1 bank account)
- Compilation of unaudited financial statements (non-XBRL)
- Basic tax computation
- ECI filing
- Form C-S filing
- Email support for up to 4 queries per month
MEDIUM TRANSACTION (Active SME / growing business)
S$500 / month
or
S$5,700 / year (prepaid)
- Up to 80 transactions per month
- Does not have any corporate shareholders
- Is an SG-incorporated EPCs or Pte Ltd
- 2 bank account only
- Monthly bookkeeping
- Bank reconciliation (2 bank account)
- Compilation of unaudited financial statements (non-XBRL)
- XBRL conversion @ additional S$500
- Basic tax computation
- ECI filing
- Form C-S filing
- Email support for up to 10 queries per month
HIGH TRANSACTION
(Busy SME / established operations)
S$680 / month
or
S$7,800 / year (prepaid)
- Up to 150 transactions per month
- Multiple bank accounts
- Monthly bookkeeping
- Bank reconciliation
- Compilation of unaudited financial statements
- XBRL conversion @ additional S$500
- Basic tax computation
- ECI filing
- Form C-S filing
- Unlimited email support
- For transactions above 150 per month, call for quotation.
FAQ
How do you define a transaction count?
For the purposes of volume accounting, a "transaction" constitutes any discrete financial event that generates a record in the general ledger. Each of the following represents one transaction:
- A bank receipt or payment line item.
- An individual unpaid customer invoice (accounts receivable) or supplier invoice (accounts payable).
- A distinct bank account movement.
- A manual journal entry, such as an accrual or adjustment.
What are the terms and conditions that come with the Accounting Packages?
Company with these characteristic will be quoted separately.:
- Complex group structures- Overseas subsidiaries- Shareholder loans- Intercompany transactions- Crypto / FX trading- Grant accounting
Packages assume that these conditions are met , else, will be quoted separately:
- Records are provided on time- Documents are complete and accurate- No historical clean-up required- Catch-up bookkeeping, prior-year reconstruction, or messy records are not included and
- Complex group structures- Overseas subsidiaries- Shareholder loans- Intercompany transactions- Crypto / FX trading- Grant accounting
Packages assume that these conditions are met , else, will be quoted separately:
- Records are provided on time- Documents are complete and accurate- No historical clean-up required- Catch-up bookkeeping, prior-year reconstruction, or messy records are not included and
What financial documents should I prepare to facilitate a smooth bookkeeping process?
To begin your bookkeeping, we require the following documents:
• Sales & Purchases: All customer and supplier invoices/orders.• Expenses & Banking: Expense notes with receipts, and complete bank statements.• Internal Records: Payment vouchers, journal vouchers, and payroll summaries.• Asset & Liability Records: Tenancy agreements, fixed asset register, inventory list, and loan agreement, statements and amortisation schedule.• Control Reports: Debtor/creditor aging reports and a revenue/expense schedule for the period.
• Sales & Purchases: All customer and supplier invoices/orders.• Expenses & Banking: Expense notes with receipts, and complete bank statements.• Internal Records: Payment vouchers, journal vouchers, and payroll summaries.• Asset & Liability Records: Tenancy agreements, fixed asset register, inventory list, and loan agreement, statements and amortisation schedule.• Control Reports: Debtor/creditor aging reports and a revenue/expense schedule for the period.
What is not included in the Accounting package?
Our accounting packages cover statutory compliance and routine accounting work only. These work include:
• Daily data entry and bookkeeping• Preparing full set of accounts – BS, P&L, TB, GL• Maintaining proper accounting records in accordance with FRS• Bank reconciliation• Preparation of balance sheet reconciliation and schedules• Fixed asset schedules, lease schedules, accounting schedules• Preparing annual financial statements• Month end closing and preparation of monthly management accounts• Recording manual journal entries such as depreciation or salary payable• Customized chart of accounts
The following are not included unless separately agreed:
• Business advisory or restructuring advice• Due diligence support• Valuation or forecast preparation• Grant application support• Audit liaison beyond basic explanations• IRAS investigations or audits• Complex tax planning
Additional services will be quoted separately upon request
The following are not included unless separately agreed:
• Business advisory or restructuring advice• Due diligence support• Valuation or forecast preparation• Grant application support• Audit liaison beyond basic explanations• IRAS investigations or audits• Complex tax planning
Additional services will be quoted separately upon request
Contact us
We value your feedback and are here to assist you with any questions or concerns.
ENTITIES INCORPORATION
- Local & Foreigner Entrepreneurs
- Partnership / LLP
- Foreign branch
- Local / Foreign subsidiary
ACCOUNTING SERVICES
- Accounting / Book
- Compilation of Financial Statements
- Financial Analysis and Planning
- XBRL conversion
DIRECT / INDIRECT TAX SERVICES
- ECI / Corporate Income Tax
- GST Services
- GST ASK (Assisted Self-Help Kit)
- Withholding Tax
HR AND PAYROLL
- Outsourced Human Resource
- Set up Payroll & Leave Mgmt System
- Managing HR
- Staff Tax clearance