Xero Accounting Package Fees

Lean

*S$150/mo
Less than 25 bank transactions per month AND annual revenue less than S$100,000

Starter

*S$220/mo
Less than 25 bank transactions per month

Most popular

Standard

*S$320/mo
Less than 50 bank transactions per month

Growth

*S$460/mo
Less than 100 bank transactions per month

All plans come with
Xero setup and training
Xero cloud software subscription
Compulsory statutory obligations includes:

  1. Accounting/Book-keeping1 
  2. Corporate secretary routine annual filing and AGM preparation1
  3. Compilation of unaudited financial report2
  4. Tax computation and annual return3

1 Compliant with Companies Act
2 Compliant with Companies Act and Singapore Financial Reporting Standards
3 Compliant with Income Tax Act
FREE email, phone and skype support for accounting and tax questions
Half-yearly meetings with your Xero Certified Accountant

Lean

*S$150/mo

Starter

*S$220/mo

Most popular

Standard

*S$320/mo

Growth

*S$460/mo

Features
Transactions
See below for:
1)Definition of a Transaction		 Less than 25 bank transactions per month AND annual revenue less than S$100,000 Less than 25 bank transactions per month Less than 50 bank transactions per month Less than 100 bank transactions per month
Xero setup and training ✔ ✔ ✔ ✔
Xero cloud software subscription ✔ ✔ ✔ ✔
Compulsory statutory obligations
See below for:
2) Compulsory statutory obligations include		 ✔ ✔ ✔ ✔
FREE email, phone and skype support for accounting and tax questions ✔ ✔ ✔ ✔
Half-yearly meetings with your Xero Certified Accountant ✔ ✔ ✔ ✔

Payment terms:

  1. A $1,200 deposit is required upfront. This deposit will be set-off against the monthly package fees.
  2. Once your deposit account is negative, we will bill another 6 month deposit according to your monthly fees.

*Fee per month (SGD)

  1. For GST and/or Audited Company, monthly fee will double.

1) Definition of a transaction:

  1. Generally, we derive the number of transactions directly from your monthly bank statements.
  2. Every deposit or withdrawal is counted as one transaction.

2) Compulsory statutory obligations include:

  1. Accounting/Book-keeping1 
  2. Corporate secretary routine annual filing and AGM preparation1
  3. Compilation of unaudited financial report2
  4. Tax computation and annual return3

1 Compliant with Companies Act
2 Compliant with Companies Act and Singapore Financial Reporting Standards
3 Compliant with Income Tax Act

Private Limited Company Incorporation Package

S$788
Professional fees for company registration
Government fees
Corporate secretary routine annual filing and AGM preparation (For first year)
Company stamp and seal

 *Discount applicable:

  1. Reduce $50 (Per company) – Provide email addresses for each individual for digital signing of documents
  2. 10% reduction of SC Xero Program Monthly Package Fees for the first year ($1,200 deposit to be made)

*Optional add ons:

  1. S$100 one-time – CPF Account registration
  2. S$240 per year – Company Registered Office, usage of our Office Address
  3. S$150 one-time – Hard Copy Certificate of Incorporation
  4. S$200 one-time – Facilitate OCBC Bank Account opening (Bank officer can meet you at your convenience)

*Additional fees may apply:

  1. S$25 per Individual from the 4th Individual onwards will apply
  2. S$100 per Sole-Proprietorship conversion to Private Limited Company
  3. S$100 per Foreign Individual
  4. S$100 per Local Corporate Shareholder
  5. S$300 per Foreign Corporate Shareholder

Get your company incorporated fast
within 5 working hours

 

Fill Up Our Incorporation Form Now!

 

Other services

3) Corporate Secretary
Routine services (Compliant with Companies Act)

  1. Annual filing and AGM preparation (FREE with SC Xero Program™)
Non-routine services (Compliant with Companies Act)

  1. Allotment of shares / Share transfer – From S$150 per shareholder
  2. Full XBRL Filing – From S$500 per year
  3. Change in Directorship – S$100 per individual
  4. Change in Auditor/Secretary – S$100 per individual
  5. Change in Company Name – S$300 per change
  6. Strike-off / Closure / Terminate Company – From S$600
  7. Other miscellaneous resolutions – From S$50

4) Payroll
Payroll (Compliant with CPF and Employment Act)

  1. CPF Account set-up – S$100 one-time
  2. Payroll outsource service – $25/person/month
    1. Monthly CPF calculation and submission
    2. Xero pay run preparation
    3. Payslips issuance via email
    4. Bank transfer preparation (optional)
  3. Yearly IR8A employee earnings form – SS$50/person

5) GST Registration
GST Registration (Compliant with Income Tax Act)

  1. Initial registration – S$400 to S$650

 

Training and Implementation of Productivity Software (Subsidized under PIC scheme)

Cloud Software

Software fee per month:

Training and Implementation (net fees after claiming under 60% PIC Scheme):
Accounting (Xero)
xero-advisor xero-gold		 FREE (if signing up with SC Xero Program™)
  1. Initial – $1,200 (net fees – $480)
  2. Pay run- $1,500 (net fees – $600)
Receipt and Expenses Management (Receipt Bank)
receipt-bank-silver		 From USD25 $1,200 (net fees – $480)
Point-Of-Sale (Vend)
vend-advisor
  1. From USD35
  2. S$25 per outlet for support
 $2,000 (net fees – $800)
Inventory Management (Unleashed / Tradegecko)
Unleashed
tradegecko		 From USD35 From $3,000 (net fees from $1,200)
Scheduling and Meeting (ScheduleOnce)
scheduleonce		 From USD5 $2,500 (net fees – $1,000)
Project Management (Workflowmax)
workflowmax		 From USD15 From $3,000 (net fees from $1,200)
Email and CRM Management (Boomerang)
boomerang-gmail		 From USD10 $2,000 (net fees from – $800)
Digital Signature, Document Management (Hellosign)
hello-sign		 From USD12 $2,500 (net fees – $1,000)
Customer Debt Management (Debtor Daddy)debtor daddy From NZD19 $2,000 (net fees – $800)

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