How much does an accountant cost in Singapore?
For most small businesses, monthly accounting runs about S$90 to S$300 for bookkeeping, and S$300 to S$800 for a full managed service including statements and payroll. A full-time in-house accountant costs far more once you add CPF and overhead, roughly S$62,000 to S$87,000 a year.
The range is wide because businesses differ. Your figure depends mostly on how many transactions you have each month.
What drives the price up or down?
Four things: your monthly transaction volume (the biggest factor), whether you have employees on payroll, how often your books are done, and any extras like management reports. A low-volume sole proprietor pays far less than a busy company with staff.
In-house or outsourced: which is cheaper?
Outsourcing is cheaper for most SMEs. A full-time hire costs S$3,500 to S$4,500 a month in base salary alone, before CPF, benefits and software. Outsourcing the same work can save 20 to 60%, while still giving you a qualified accountant and continuity.
Is it worth paying for an accountant?
For most businesses, yes. The fee usually costs less than the time you'd lose doing it yourself, the penalties you'd risk getting it wrong, and the decisions you'd make on numbers you can't trust. Accurate books also make your tax agent's job faster and cheaper.
How do you get an exact quote?
Ask for a fixed quote based on your real transaction volume and needs, not a generic tier. A good provider gives you a clear monthly figure with no obligation. Our pricing page shows the plans, and a short call confirms your exact fee.
See our pricing for plan ranges, or read about outsourced accounting.