No More Excel Nightmares!

From bookkeeping to tax compliance, we provide a comprehensive accounting solution that helps you stay on top of your finances and reach your goals.

Say Goodbye to Paperwork and Excel Woes. Let's Grof!



Time Saver

Give yourself a break from balancing your books and managing tax claims. Reclaim your time and energy to focus on your business operations.

Experts Support

Our team of seasoned accountants, backed by decades of experience, will ensure your books are in good hands and well managed.
easy scaling

Scaling Your Business Easily

Outsource your accounting and bookkeeping gives you the flexibility to adjust your workload as your company's activities change.


Don't take our word for it, here's what others have to say.
jimmy tey testimony
As an SME with limited manpower doing administrative and tax matters, I rely heavily on to help me with those so I can focus on my core business
Jimmy Tey
Director of Authorities Manpower Services Pte Ltd
Hideaki onishi testimoni for grof
Grof is had really study and understand my case. Very helpful and responsive!
Hideaki Onishi
Founder of Onishi Music
Anna Tan giving her testimonial
Excellent service compared to others. Highly recommended if you want an honest service with no hidden costs and charges. We are glad we did.
Anna Tan
Alan sharing his testimonial for us
Jackson and his team have been amazing to help me set up my company in Singapore. Prompt, informative, and transparent. Highly recommend using them to conduct business in Singapore.
Alan Cromlish
Shai happy with our services
Very attentive, quick to react and action decisions through their streamlined way of operation. You can expect great service from them.
Shai Parientte
It was a wonderful experience having been served the team. From being able to be contactable by phone and online there were also sound advice given. I honest rate them 5 stars, and even 6 if i can.
Roy Lai
Ena giving her thoughts on our service
Highly recommended based on my personal experience. Weng & the team were extremely supportive in helping me navigate through many issues that were new to me. Very responsive and helpful in every way.
Ena Yoo
Patricia giving us her honest feedback about our services
Excellent service, super professional, friendly, approachable individuals. They have made the process of incorporation a swift and simple one for me and I highly recommend them.
Our Accounting Packages
What's your average annual expenses?
Essential Accounting
price per month, billed annually
S$ 50/m
What is included in package
Dedicated Accountant
[Free] Grof Business Account
Compliance & Tax Filing
Financial Management Solutions
Comprehensive Accounting
price per month, billed annually
S$ 70/m
What is included in package
Dedicated Accountant
[Free] Grof Business Account
Compliance & Tax Filing
Financial Management Solutions
Need more?
Our friendly agents are always here to guide you on any additional services you may need.
Contact Us

Frequently Asked Questions

Uncover the answers to your most pressing inquiries right here.

How much do accounting services cost?


In contrast to numerous conventional accounting services available in Singapore, we provide transparent pricing with no hidden costs for our professional accounting services from the beginning to the end. At Grof, we adopt an expense-based pricing model, ensuring that our solutions are customised to meet the specific needs of your business, offering you exceptional value and peace of mind.

How does pricing for expenses function?


Expenses refer to all the business spendings incurred by the company in a year. It can include purchases, salaries, rental, marketing and travel costs. If you do not have the exact figures, you can provide an estimate to help us tailor a plan that suits your needs.

What happens if my expenses exceed the plan?


If the actual expenses exceed the plan, we will get in touch with you to discuss upgrading to the next tier. This ensures you do not have to pay more than what is needed.

How can I work with Grof’s accountant?


Our accountant is readily available via email, phone, and in-app messaging, ensuring easy and efficient communication. Moreover, all our clients will receive dedicated support, meaning you not only have an accountant managing your books but an entire team to back you up!

All your accounting related questions


What are the accounting records I should keep in order to pass them to Grof?

Do keep your bank statements, customer invoices, bills, payroll, and other accounting records in the year. It'll be great if they are in digital format so our team can access them readily.

I have not set up a corporate bank account for my company yet, but I have already incurred certain business-related expenses, such as the cost of incorporating the company. How should I record this in the bookkeeping?

You can record this as the amount due to you. It is quite common for startups to cover expenses personally in their initial stages. Once the company's business account is set up, you can seek reimbursement for the expenses you paid earlier.

Do my financial statements need to be audited?

Since 1st July 2015, companies can be exempted from auditing their financial statements if they qualify as a small company.

There are 2 conditions for a company to qualify as a small one. Firstly, a company has to be private in the financial year in questions. Next, a company has to meet at least two of the following three criteria for the immediate past two consecutive financial years:

  1. Total annual revenue is not more than $10 million.
  2. Total assets are not more than $10 million.
  3. The number of employees is not more than 50.

All Your Tax-related Questions


What is the tax rate in Singapore?

The current tax rate is 17%. In addition to the low tax rate, there are also generous tax exemption schemes for all companies, subject to meeting IRAS’s (Inland Revenue Authority of Singapore) conditions.

Does my accounting profit = taxable income?

Accounting profit is usually not the same as taxable income. The principle is that accounting profit follows Generally Accepted Accounting Principles (GAAP), while taxable income follows the rules set in the Income Tax Act. Some significant differences are:

  1. Some accounting gains are not deemed taxable;
  2. Depreciation in accounting terms are not recognised in taxable income;
  3. Some accounting expenses are not tax-deductible eg private car allowances, penalties

What is an ECI, and when do I need to submit it?

Estimated Chargeable Income is due to IRAS 3 months after your Company’s Financial Year End. Example if your Financial Year End is 31 December, the ECI is due the 31 March of the following year. ECI is an estimate of your company's taxable profits (after deducting tax-allowable expenses) for a Year of Assessment (YA).

If my ECI is nil/negative, do I need to file ECI?

If your ECI is nil/ negative, and your revenue is less than $5M, you do not need to file ECI. You are still required to submit the Form C/ C-S by 30 November every year.

All Your GST-related Questions


What is the GST rate in Singapore?

The GST rate is currently 9% as of 1 January 2024.

Can I claim GST?

You can claim back GST if your company is GST-registered and meets the following conditions:

  1. The goods and services are imported or purchased by your company.
  2. The goods and services are used or intended to be used in your business.
  3. The goods and services are not specifically excluded by Regulations 26 and 27 of the GST (General) Regulations.

When must I register for GST?

You must register for GST if your taxable turnover reaches $1M in a calendar year (based on past performance) or if you anticipate your taxable turnover to reach $1M in the next 12 months.

Can Grof help me manage my GST accounts?

Yes, Grof has helped hundreds of clients manage their GST reporting, ensuring they stay in line with the rules and submit on time.

All Your Shareholder-related Questions


I am a shareholder—how do I account for the money I have deposited or withdrawn from the company bank account?

As a shareholder, you will typically contribute shareholders’ capital, which will be reflected by the shareholdings you hold in the company. Additionally, you may choose to lend the company money through an interest-free loan, and this transaction will be recorded with an accounting entry to reflect the amount the company owes you.

Can I pay monthly or yearly salary to shareholders?

A shareholder can be employed by the company and paid a salary. Please ensure that all social fund contributions are properly paid. If you have any questions, feel free to speak to our payroll service team.

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