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Compilation Financial Statements Preparation Service

Under the Companies Act, the Director of a Singapore-incorporated company is required to prepare a complete set of financial statements, and present them at its Annual General Meeting (AGM). The company must then file its Annual Returns to ACRA within one month of its AGM.

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Our Compilation Financial Statements Preparation Service Workflow

Eligibility Requirements

The latest business profile of your company from ACRA Bizfile.
Information relating to any individuals directly or indirectly, solely or jointly holding a significant (25%) control power in any classes of shares.
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Submit Document

Financial documents

  • Statement of Profit and Loss (SOPL)
  • Statement of Financial Position (SOFP, or Balance Sheet)
  • General Ledgers (GL)
  • Fixed Assets Schedule (Applicable when company has Fixed Assets);
  • Application form(s) and approval letter(s) for government grants, such as IRAS PIC Cash Payout, if applicable.
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Packages

Select from our range of packages the one that will meet all your needs.

Service Rate (SGD) ACTION
Unaudited Report Compilation 500
XBRL Compilation 399
Annual Returns Filing 150
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Processing Time

Upon your inquiry, we will provide the following within 1 working day :

  • VO+ Company Incorporation Application Form and a list of required documents from you.
  • Price quotation.

An invoice will be sent to you for full payment.

Upon receipt of all completed documents and full payment, VO+ will send an engagement letter confirming the services/packages you have subscribed for. This serves as a confirmation for the commencement of services.

Upon receipt of all required application forms and documents from you, we will conduct an application completeness check within one working day:

  • Statement of Profit and Loss (SOPL)
  • Statement of Financial Position (SOFP, or Balance Sheet)
  • General Ledgers (GL)
  • Fixed Assets Schedule (Applicable when company has Fixed Assets);
  • Application form(s) and approval letter(s) for government grants, such as IRAS PIC Cash Payout, if applicable.

Based on the documents provided, our team will prepare the draft of the complete set of financial statements and submit them to your company for review whichever is earliest, either within one month after all documents are provided or within one month to meet statutory due date.

During the review period, our team will be prepared to clarify any matters relating to the financial statements and make any necessary adjustments/amendments to the draft within one week.

Once the final draft of the complete set of financial statements is ready, we will submit to your Director for his confirmation and approval within three working days. After that, the financial statements can be tabled for your company's AGM.

If your company has engaged us for this service, we will proceed with the filing of your company's Annual Returns within one month of your company's AGM.

Once the service is completed, VOPlus Accounting will send a renewal of service form to your company to engage us again for next year's financial statement preparation and/or filing of Annual Returns.

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