Bookkeeping for sole proprietors

Bookkeeping for sole proprietors in Singapore: prices and records

Updated 4 November 2026

Bookkeeping for a sole proprietor in Singapore costs about S$75 to S$200 a month for a basic service and about S$100 to S$500 for a typical package, approximately, according to sellers' websites, November 2026. Tell BlaBlaPrice how many transactions you have, and sellers reply with their own monthly price.

Prices depend on transaction volume and on what is included, such as bank reconciliation, year-end statements and tax filing. Some price lists charge per transaction instead of a monthly fee, for example S$5 per transaction with a S$300 minimum. Ask which items are in the price before you compare offers.

Registration fees to budget for

Registering a sole proprietorship in Singapore costs a S$15 name application fee plus S$100 for a one-year registration or S$160 for three years, so the total is S$115 or S$175. You must be at least 18 and a citizen, Permanent Resident or EntrePass holder. Plan for these fees before you start.

Record-keeping rules

Singapore law requires a sole proprietorship to keep accounts that clearly show its business income and expenses. Keep invoices, receipts and bank statements for every month, and ask your bookkeeper how they store them. Tax filing is often part of a higher package, so confirm whether it is included.

Timing and how the service is delivered

The tropical climate does not change this work, so timing depends on your own accounting year rather than the season. Start from a clean month end, so the first set of records is complete. Ask whether the bookkeeper works from documents you upload or needs meetings in person, whether you are in Singapore, Tampines, Jurong West, Woodlands or Ang Mo Kio.

What to write in your request

Give your sole-proprietor tax group, the number of employees (if any), your business type and the number of transactions a month. Say what you need: monthly bookkeeping only, bank reconciliation, or year-end statements. Add your city and budget, so each seller can quote one price rather than a range.

On BlaBlaPrice you describe your business in your own words in a chat. The AI reads the request, asks for missing details and looks through sellers' websites and price lists in Singapore, then shows the prices and firms it found. Sellers registered on BlaBlaPrice reply with their offer, and your contact details stay hidden until you decide to exchange them. You can also compare accounting services or accounting software setup and support.