Accounting systems and financial reporting built for small business
Build the accounting foundation your business needs — from your chart of accounts to monthly reporting and year-end financial statements — without hiring a full-time accountant.
Good decisions start with good numbers. Many small businesses in Singapore run on spreadsheets, disconnected systems, or accounts that are months out of date — making it hard to know where the business actually stands.
OakFinConsulting builds proper accounting systems and delivers accurate financial reporting, from your first chart of accounts through to year-end financial statements — so you always have numbers you can trust and act on.
From first setup to finished financial statements
Accounting system setup
Chart of accounts, cloud software setup (Xero, QuickBooks), and migration from spreadsheets or legacy systems.
Bookkeeping
Monthly reconciliation, transaction recording, and organised ledgers kept current and accurate.
Financial reporting
P&L statements, balance sheets, and cash flow reports delivered every month.
Financial statement preparation
SFRS-compliant year-end financial statements, ready for directors, banks, or investors.
Why founders outsource their accounting
A full-time in-house accountant in Singapore costs upwards of S$4,000–6,000 a month. For most startups and SMEs, that capital is better deployed in product, sales, or operations.
Outsourced accounting gives you a properly built system and accurate reporting at a fraction of the cost, with none of the HR overhead.
- An accounting system built around how your business runs
- More time to focus on your core business
- Always up-to-date books — no backlogs
- Clear visibility into profit, costs, and cash flow
- Financial statements ready whenever a bank or investor asks
- Scalable support as your business grows
Reporting that tells you what's actually happening
Every engagement is built around a reporting cadence that fits your business, using SFRS-compliant standards throughout.
Monthly management accounts
P&L, balance sheet, and cash flow — reviewed with you every month.
Year-end financial statements
Full SFRS-compliant statements ready for directors, banks, or auditors.
KPI & dashboard reporting
The handful of numbers that actually drive your business, tracked over time.
XBRL-ready statements
Financial statements formatted for ACRA filing where required.
Accounting, answered
What accounting systems do you set up for small businesses?
We typically set up Xero or QuickBooks, tailored with a chart of accounts that matches how your business actually operates, and migrate existing records from spreadsheets or legacy software.
What's included in monthly financial reporting?
A profit and loss statement, balance sheet, and cash flow report as standard, reviewed with you each month, plus any KPI or dashboard views agreed at the start of the engagement.
Can you migrate my existing books onto a proper system?
Yes. We review your existing records, whether spreadsheets or another platform, clean up historical data, and migrate everything onto a system built to stay accurate going forward.
Can you prepare financial statements for a bank or investor?
Yes. We prepare SFRS-compliant year-end financial statements, and can produce interim statements on short notice when a bank, investor, or landlord requests them.
How quickly can you take over my existing accounts?
Onboarding typically takes one to two weeks. We review existing records, identify gaps, and establish a clean baseline — most clients see fully current books within their first billing cycle.
Your finances deserve more than a spreadsheet
Let OakFinConsulting take accounting off your plate.
Book your free consultation