Pricing Models for Bookkeeping Services Singapore

Bookkeeping Services Singapore
In Singapore, hourly rates and premium bookkeeping services vary based on the complexity of tasks, the experience of the bookkeeper, and whether services are rendered by a freelancer, a boutique firm, or a corporate service provider.
*Do note that the following list of prices are for consideration only and should not be used as a definitive reference.
Pricing Model and Charges
Pricing Models | Charges | Advantage and Disadvantages |
1. Hourly Rate | Businesses are charged based on the number of hours the bookkeeper spends on their accounts.Basic Freelance Bookkeeper S$25 – S$45/hrMid Tier Firms S$50 – S$80/hrPremium/Corporate Providers S$90 – S$120+/hr | For Businesses with: Straightforward financial needs Expensive for those with more complex requirements. |
2. Monthly Rate | Comprehensive package that covers all essential tasks, such as transaction recording, payroll processing, and financial reporting. Small Transaction Volumes or annual expenses(1–25 transactions/month): Prices can range from S$50 to S$100 per month Moderate Transaction Volumes or annual expenses(26–50 transactions/month): Prices can range from between S$185 to S$360 per month. | The fixed fee model is advantageous for businesses that prefer: Budget certainty and want to avoid the fluctuations associated with hourly billing |
3. Value-based pricing | Fee is determined based on the perceived value of the services to the business. Premium Monthly Packages S$600 – S$1,500+/month | This model takes into account factors such as: Complexity of the financial operations Level of expertise required The potential impact of the bookkeeping services on the business’s financial health. |
Outsourcing Your Bookkeeping Needs
Outsourcing bookkeeping services can offer numerous benefits, especially for small and medium-sized enterprises (SMEs) that may not have the resources to maintain an in-house accounting department.
Learn more about Bookkeeping Services Singapore here!
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