Accounting, bookkeeping

Our accounting and book keeping services range from simple day to day account maintenance to drafting of financial statements. Our accountants may provide services including helping your company submit your annual audited financial statements to ACRA & IRAS as well as providing insights on the actual financial conditions of your company.

Along with financial accounting and compliance, the company’s bookkeeping staff are directly involved with maintaining the fiscal and operational integrity of the business on a daily basis.

At Pinnacle Advisory, our accounting financial services and bookkeeping services in Singapore range from simple day-to-day account maintenance to drafting of financial statements. Experienced accountants and staff provide clients with the information they need to make business decisions--when they need it.

Pinnacle has the expertise to advise clients on:

  • How and when to file critical financial reports
  • The development of fiscal management and tax strategies that maximize profitability and avoid unnecessary penalties for late filings
  • How to take advantage of government incentive programs like the Productivity and Innovation Credit (PIC) Scheme, the Capability Development Grant (CDG), and the Innovation and Capability Voucher (ICV) programme.

Pinnacle Advisory also specializes in assisting businesses with company incorporation services in Singapore including:

  • Company formation and business registration in Singapore
  • Corporate secretarial services for Singapore Companies
  • Tax and account services

Financial Reporting  

All companies in Singapore, except exempt private companies and dormant companies, are required to file audited reports to ACRA. The company must appoint an auditor within 3 months of incorporation. The auditor will audit your accounts before every annual submission. By engaging in our full accounting service, we are able to assist with auditing work through our audit business associates as well as tax computation.  

Consolidation of Accounts

Multi-national corporations (MNCs) in Singapore must accurately represent financial result of the company for investors and related parties. A financial statement is a reflection of the whole financial result for all entities associated with the companies.  Our consolidation accounts services, ensure that the financial statements of the parent company and the subsidiary are proper and relevant. 

XBRL Financial Report

As per 1 November 2007, ACRA requires incorporated companies in Singapore to file their financial statements in XBRL. XBRL is eXtensible Business Reporting Language, a special computer language used to present financial statements based on online records or transfers. The records can be transferred directly to auditors, financial analysts, and regulators for many purposes. XBRL provides value-added financial information, improved transparency, reliability, and timely dissemination of relevant financial information. 

Setup of Accounting System

All companies require proper accounting and book keeping system. Implementation of a robust accounting system can be daunting. We offer help in setting up your accounting system based on your company’s unique requirement, with the use of right accounting software. Accounting software can increase efficienceny, ability to record and analyse and improve your company’s financial condition.