Counto’s pricing structure is based on flat rates determined by your company’s revenue, rather than the number of transactions processed. Pricing levels are aligned with your annual run rate and can be adjusted quarterly to accommodate rapid growth. All fees correspond to fiscal years, and contracts are billed annually.

Additionally, you have the option to choose a Monthly plan for an extra 10% per month. For example, a standard $100 monthly fee billed annually would be adjusted to $110 when billed monthly. Plus, the first month is free for new clients on the Monthly Reporting plan.

For businesses with more complex needs, our CFO plan offers an advanced level of support, including a dedicated Slack channel for prompt and efficient communication between your business and our team. Learn more about our Virtual CFO service here.

While Counto utilises proprietary accounting software, we can still manage your books if you prefer to continue using systems like Xero or QuickBooks. We facilitate the transfer of your general ledger data to ensure continuity and can work directly from your Xero accounts. 

You will need to upload your bank data and any invoices or sales data to our system. Don’t worry, we will guide you on how to do this during our onboarding meeting. Should you decide to close your Counto account, we will assist you in saving and migrating your data to Xero, MYOB, or QuickBooks. In addition, please note that we do not support direct synchronisation with MYOB. 

While in-house accountants often handle a variety of tasks beyond accounting and taxes, using Counto can save your accountant at least 10 days each month by managing these responsibilities. Additionally, our hybrid approach of integrating AI with expert human oversight minimises errors and produces more accurate financial reports.

As a Counto client, you benefit from a dedicated team that includes a Customer Success Manager (CSM), Chartered Accountant (CA), Bookkeeper, and Tax Specialist. You will have direct access to your CSM, who is always ready to assist. Whether you choose to send an email, message via WhatsApp, or call, your inquiries will be directly routed to your CSM for prompt support.

As a Counto client, you’ll have access to our intuitive platform which allows you to easily access all your company records, including expense receipts, sales invoices, bank records, and regulatory deadlines, ensuring you have all necessary information at your fingertips.

Cash bookkeeping records transactions only when money physically enters or exits a bank account. In contrast, accrual bookkeeping is more detailed, tracking when income is earned and expenses are incurred, regardless of actual cash flow.

Counto uses accrual bookkeeping from the start to align with practices commonly adopted by larger firms, ensuring a seamless transition as your business grows.

Counto is ideal for strategic-minded small businesses, startups, and SMEs in Singapore seeking advanced solutions beyond traditional bookkeeping. Our team leverages cutting-edge AI technology to handle your finances efficiently and cost-effectively. Once you experience our seamless financial processes, we’re confident you’ll see the lasting benefits.

In Singapore, the corporate income tax rate is a flat 17%.

Additionally, qualifying start-up companies may benefit from a three-year start-up tax exemption and partial tax exemptions. For more details, refer to our blog post here. 

Each year, your company is required to submit two Corporate Income Tax Returns to the Inland Revenue Authority of Singapore (IRAS): the Estimated Chargeable Income (ECI) and Form C-S. Additionally, if your company is registered for GST, you must also file quarterly GST returns. For more details, refer to our blog post here. 

GST registration is mandatory for businesses whose taxable supplies exceed SGD 1 million over a 12-month period. For businesses below this threshold, voluntary registration is possible, subject to certain conditions. For more details, refer to our blog post here. 

Yes, quarterly GST filing is included at no extra charge in plans for companies with revenue over $1 million. For companies with revenue below $1 million, an additional fee applies for GST filing. Please contact us for more details.

Estimated Chargeable Income (ECI) is your company’s estimated taxable profit after accounting for deductible expenses for the year. It’s a requirement by the Inland Revenue Authority of Singapore (IRAS) that each company submits their ECI annually to stay compliant. For more details, refer to our blog post here.

ECI filing is included in every Counto accounting plan, ensuring your business meets all regulatory obligations without any additional effort on your part.

Absolutely! We offer comprehensive company secretary services, including annual AGM and Annual Return filings, at competitive rates. Simply add a plan to your chosen Counto accounting package. Learn more about our Company Secretary plans. 

Yes, we serve a substantial number of cryptocurrency clients, managing their accounting and tax needs with expertise. Contact us to learn how we can assist your crypto business.

At Counto, our comprehensive Annual Reporting plan begins at just S$850 per year. This plan provides you with access to a dedicated team of expert accountants and client managers who are equipped to handle your business finances, tax obligations, and more, ensuring your company’s financial health is in expert hands.

Simply inform your exisiting service provider via email that you will be switching to Counto. We will then coordinate directly with them to facilitate a smooth transition. Our service includes managing the entire account handover process for you.