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Contact Us

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Compilation of Financial Statement Service

Book a consultation

Always by right

Why handle paperwork? Leave your accounting matters to the professionals.

Why use our financial statements service?

Get a clearer position of your company's financial position

Save days spent on balance sheet

Preparing your financial statements is very taxing and will take days off your attention on your business.

Comply with Financial Reporting Standards

A 3rd party can give you an unbiased eye on your financial statements which lends better credibility to stakeholders

Save money on taxes

Business owners often make mistakes in their allocation of items in their financial statements that could cost them huge tax savings. 

Financial Statement Service Package

In full compliance to the Singapore Companies Act
Under the Company Act, Directors are responsible to prepare the financial statement that comply with Financial Reporting Standards and give true and fair view on profit and loss, and the state of affairs of the company. This financial statement shall be presented to shareholders in an annual meeting of shareholders and such meeting is mandatory. When statutory audit can be exempted, compilation of the financial statement is a less expensive option. Under such a compilation, the Directors instead of an auditor, give assurance that the compiled financial statements fairly represent the results and financial position of a business. Thus, it is usually not preferred by lenders and creditors.
This service package includes:
Preparation of Financial Statements
*According to our fair pricing policy, additional service fee will be charged when there is request for other resolutions.
"I was very pleased with how swift the incorporation process was, everything was a breeze"
Mathew Grey
Jarvis Web Solutions Ltd.

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Fee Structure

Book a non obligatory consultation

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Price depends on Complexity
S$400 - $S1200

Frequently asked questions for our Financial Statement Service

Do I really need it?
Terminologies

What are the Financial Statements that business owners must compile?

For private limited company, the company secretary is responsible for the administration of a
company, particularly with regard to ensuring compliance with the requirements of Singapore
Companies Act.

Their responsibility can vary and this depend on the terms in the engagement letter.

1. Maintenance of statutory register and minutes book

To update electronically with the Registrar for the register of directors, auditor, company
secretary and CEO. 

The other register in allotment of shares, charges as well as board and
general meeting resolutions will be maintained by the company secretary.

2. Update information with the Registrar

To update electronically with the Registrar for changes other than those mentioned under (1),
such as changes in shares structure, name, constitution, charges and filing of annual return.

3. Board and general meetings

To ensure the notice are send and meetings are held according to the company’s
constitution/companies act. 

This include distribution of agenda and relevant documents such
as financial statement before meeting. During physical meeting, to take attendance, minutes
and finalised with the resolutions passed for directors or chairman to sign.

Some company may allow passing of resolutions by circulation and the company secretary
prepares the resolutions and its relevant documents, administers the circulation and signing of
resolution before it is recorded in the minute’s book.

4. And much more

Such as to remind Directors on filing deadlines, safekeep and administer the usage of
company seal if there is seal used by the company, issuance of share certificates

Why choose our Financial Statement Service over our competitor's service?

We have over 20 years of experience in Singapore directorship laws and we stay updated on the latest regulations and change. You will be getting the best corporate secretary service in Singapore.

Why outsource to an external Financial Statement Service provider

Outsourcing to a corporate secretary service provider like us can allow you more time to focus on your business instead of handling administrative work.

Do you further outsource to other Financial Statement Service providers?

No, we do not employ any corporate secretary providers other than ourselves. We have a team of experienced corporate secretary which handle ACRA matters on a daily basis.

Are there any hidden fees?

No, our pricing is very transparent, you pay what you see for our services. However additional resolutions may incur different charges as it is separate from our service package.

Q: What is a balance sheet?
A: A balance sheet is a statement of the financial position of a business that lists the assets, liabilities, and owner's equity at a particular point in time. In other words, the balance sheet illustrates your business's net worth.

Ready to relieve your compliance headaches with us?

Schedule a free consultation with our consultants.
Book a consultation
FMD group started in 1999 with the goal to provide quality service at fair price to assist SMEs in their journey towards success
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