Zoho Books Accounting Services in Singapore
ERPHUBs sets up Zoho Books for Singapore companies with 9% GST, SGD bookkeeping, multi-currency, bank feeds and InvoiceNow-ready invoicing, and delivers books your corporate secretary and auditor can use.
Implemented by ERPHUBs · SingaporeAccounting for Singapore SMEs and regional headquarters
Singapore companies keep books under the Companies Act, file annual returns with ACRA, and file tax returns with IRAS. Many trade across Asia, so multi-currency handling matters as much as GST.
We configure Zoho Books for SGD reporting, migrate from Xero or QuickBooks, set up GST codes for standard-rated, zero-rated and exempt supplies, and keep monthly books ready for accounting and tax filing.
Key rules at a glance
- Currency: SGD base with multi-currency invoicing.
- GST: 9% since 1 January 2024.
- Standard: Books support SFRS for Small Entities or full SFRS depending on your entity.
- Records: Keep accounting records for five years.
- Data: Regional data centre confirmed at sign-up.
- E-invoicing: InvoiceNow (Peppol) readiness for GST-registered businesses.
Singapore Accounting: scope of service
Set-up
Chart of accounts, GST codes and bank feeds.
Migration
Xero, QuickBooks and Excel history.
Bookkeeping
Monthly reconciliation and reporting.
Multi-currency
Foreign-currency gains and revaluation.
Audit ready
Schedules for auditors and ACRA filing.
Tax support
GST and corporate income tax with linked pages.
Singapore compliance calendar
Dates shown are the general statutory dates; they move with your year-end, entity type and any extension.
Monthly
Close and reconcile.
Quarterly
GST F5 return, within one month of period end.
3 months after year end
Estimated Chargeable Income (ECI) filing.
30 November
Corporate income tax return (Form C-S or C).
Set-up in Zoho Books
- Record GST registration and filing frequency.
- Set SGD as base currency and enable foreign currencies.
- Create GST codes and schedules.
- Load opening balances and bank feeds.
- Prepare an audit and tax year-end checklist.
What we watch for
- Misclassifying zero-rated exports.
- Missing reverse charge on imported services.
- Late ECI or return filing.
- Not tracking the GST turnover threshold.
Singapore Accounting: common questions
Yes, the standard rate is 9% from 1 January 2024.
We confirm the regional Zoho data centre when the account is created.
Your corporate secretary files with ACRA. We provide accounts and schedules.
Yes, with opening balances and transaction history as agreed.
General guidance for Singapore, last reviewed 2026-10-16; it is not tax advice. Rates, thresholds and dates change, so confirm with a qualified local adviser. Official sources: Inland Revenue Authority of Singapore · ACRA
A practical guide for Singapore businesses
Bookkeeping for a Singapore company: ACRA, IRAS and your auditor
A Singapore private limited company has three regulators to satisfy: ACRA for the annual return and financial statements, IRAS for tax, and sometimes a sector regulator. All three rely on the same underlying books, so the accounting file has to work for corporate secretarial, GST and income tax at once. We set up Zoho Books to produce the trial balance in the structure needed for SFRS(I) or SFRS for Small Entities reporting.
Many Singapore companies are small enough to be exempt from audit if they meet two of three size tests on turnover, assets and employees, but they still need accounts, an AGM or written resolution, and an annual return. We track those dates alongside the tax dates.
- SGD base currency with multi-currency bank and customer accounts
- GST codes: standard 9 percent, zero-rated, exempt and out of scope
- Director and shareholder accounts separated from operating accounts
- Fixed asset register for capital allowances
- Payroll liabilities for CPF and skills development levy reconciled monthly
Year of assessment, basis period and the filing chain
Singapore taxes profits of the financial year ending in the preceding year in the year of assessment. A company with a 31 December 2025 year-end is therefore assessed in YA 2026. Estimated Chargeable Income must be filed within three months of the year-end for most companies, then the Form C-S, C-S (Lite) or Form C by 30 November of the year of assessment.
We build a close calendar that runs from the year-end to the ECI, accounts, AGM, annual return and tax return, so no step waits for another.
Migrating from Excel, Xero or QuickBooks
We import opening balances at the start of a GST period, set up bank feeds, and test GST codes on a sample of transactions before go-live. For businesses that sell to regional customers, we configure overseas sales as zero-rated or out of scope where the rules allow.
A one-month parallel run catches mapping issues before the first return is prepared from the new system.
Singapore compliance calendar for a December year-end company
| Obligation | Typical date | Authority |
|---|---|---|
| Estimated Chargeable Income | By 31 March | IRAS |
| AGM or written resolution | Within 6 months of year-end | ACRA (private companies) |
| Annual return | Within 7 months of year-end | ACRA |
| Corporate tax return | 30 November | IRAS |
More questions about this topic in Singapore
A private company can be exempt if it qualifies as a small company by meeting at least two of three criteria on revenue, total assets and employees. You still need accounts and filings.
Yes. You can set up 9 percent standard rate, zero-rated and exempt codes and use the GST reports to prepare the return.
We coordinate with a licensed corporate secretary for ACRA filings and prepare the accounts they need.
Most Singapore companies do. We connect bank feeds where supported and use statement imports otherwise.
This guide is general information based on published Singapore rules and is not legal or tax advice. Rates, thresholds and due dates change; confirm current figures with the tax authority or your adviser.
Get Singapore Accounting right the first time
Book a free consultation with the Singapore team and get a Zoho Books plan for your business.