Accounting Records for SMEs in Singapore: What You Must Keep

A clear checklist of accounting records SMEs should maintain, how often to update, and what supports smoother tax filings and audits.

This article is written for business owners who want a practical, compliance-first view. Where relevant, it links to ProSec service pages so you can act quickly.

Key points

• Focus on what the regulator expects, then build a simple checklist.
• Document decisions and keep evidence (emails, approvals, minutes) where needed.
• Use a calendar to prevent deadline-driven stress and late penalties.

Practical checklist

1. Clarify scope and ownership.
2. Confirm statutory requirements and timelines.
3. Prepare documents, approvals, and internal controls.
4. Implement a monthly maintenance routine (records, reconciliations, filings).

Related ProSec services

• Company Incorporation
• Corporate Secretarial
• Accounting & Taxation
• Nominee Director
• Registered Office Address
• Company Strike Off

General information only; not legal or tax advice.