We file
your accounting reports painlessly
Fever-free accounting services: we put together paperwork, check numbers, and file annual returns on time. Chartered Accountants answer fast and help optimise tax.
- FA20170653
- Xero Platinum Partner
- Our accountants are certified by ISCA
- License No. 19S9930
- Pioneers of Cloud Community Network
Preparing financial statements yourself is a pain in the neck
Filling out the reports is a lot of manual work
There’s no way to check if you’ve done it right
The filing deadlines always come at a bad time
Your time would be much more valuable spent on something else
Out of 5 Unaudited financial statements prepared by entrepreneurs, 4 turned out to be incorrect
We do affordable online accounting for busy founders
An expert who has your back
A chartered Accountant will review your books, help receive reliefs and exemptions, compile reports and file them on time
No manual labor
We’ll take over your invoices, receipts, and bank statements in any format. We then sort, match them, and prepare reports
No-tricks pricing
We charge a flat fee that covers financial statements, tax filing, and management reports. Bookkeeping is included, too, so you don’t have to deal with it
Don’t take our word for it, try yourself. It’s free
You can test-drive East river straight away: upload docs effortlessly, ask us anything in a chat, explore dashboard with daily cashflow, and much more. See what exactly you’re getting before you decide.
I want a free tour I want a free tourWe know how to do accounting and optimise tax for your business
Every industry has its own perks and complications when it comes to bookkeeping and accounting. We advise what tax exemptions and tax reliefs your company is entitled to, and we organise your reports exactly the way needed to comply.
What you need to know about accounting in Singapore
Accounting plans that match
the size of your business
You don’t measure your business by the number of transactions, so neither do we. Our accounting packages are tied to your revenues. Pick a monthly plan to receive regular financials, or an end-of-the-year catch-up accounting to submit neat reports. All our packages come as they are, no extra charges — simple and straightforward.
Need more?
Additional services you may need
Get more- Multicurrency accounting S$200/y
- Dormant Accounting S$300
- Unaudited Financial Statements + Tax S$800
- Full XBRL S$500
- Consolidated Unaudited report S$1,000
- GST Registration S$300
- Payroll, per person S$25/m
Our clients know best
89% of customers recommend us
7,500+ clients worldwide
Here’s what our customers say
Q&A
What accounting services do you have for small businesses?
We help small businesses in Singapore with all necessary accounting services. We prepare financial statements, ECI tax reports, XBRL (full and highlights) and handle bookkeeping. We can apply for GST registration and submit regular reports for GST-registered companies. If your case is special, let us know and our specialists will be happy to help with accounting for your company.
In what form should I submit my data?
East river is an online accounting company. Send us your records in whichever format you have them. Drop your files in our app, store them in a cloud or email to our experts — we’ll take care of the rest.
What do I have to report to the Inland Revenue Authority of Singapore (IRAS)?
All companies are required to submit two corporate income tax returns annually — Estimated Chargeable Income (ECI) within three months from financial year end and Corporate Income Tax Return (Form C/C-S) by 30th November or 15th December if via e-filing. Unless qualifying conditions are met for ECI waiver or company has been granted Waiver of Income Tax Return Submission by IRAS.
How does your accounting software work?
We have developed our own software. It connects to your bank and Xero,a bookkeeping platform. We recognise invoices and receipts, reconcile them with transactions, and update your documents and outstanding bank balance daily. We support single and multiple currencies, show actual list of all unpaid invoices and report to you if anything document is missing.
How is income assessed to tax?
Tax is assessed on income earned in the preceding financial year. For example, a tax return for the Year of Assessment (YA) 2019 would be to declare the income earned during the financial year 2018. This tax return is to be submitted by 30th Nov 2019 / e-filed by 15th Dec 2019.
How does accounting work?
Accounting tracks all your business activities and assets. Any time you spend, lose or make money, your bookkeeper adds it to the books. Your accountant then builds reports using these numbers. The government requests these reports to calculate how much tax you owe and whether you are exempted from some of it.
Why is accounting important?
First of all, you have an obligation to report your accounts to the government: that’s how your tax is calculated. Second, accounting is crucial for internal planning and management. Mistakes could be costly: the government punishes wrong reports with fines. Not to mention, you probably base your evaluations and plans on the same numbers. So, making sure your accounting is accurate is crucial.
What are the accounting standards in Singapore?
Singapore has its own system called Singapore Financial Reporting Standards (SFRS). It’s similar to IFRS and it’s accrual-based accounting. Which means transactions are recognised when they take place and not when the money is paid. Outsourced accounting services in Singapore must comply with SFRS requirements.
What is one transaction?
A transaction is any deposit into or withdrawal from the bank. This is assuming all payments and receipts are done through the company’s bank. An example can be payment to suppliers, salary payments, expenses reimbursement or customer transfer. Bank fees and charges will not be considered a transaction. Our accounting services prices aren’t based on the number of transactions but on your average monthly revenue.
What is XBRL?
XBRL is the open international standard for digital business reporting, used around the world and it replaces older, paper-based reports with more useful, effective and accurate digital versions.
