SERVICE · SINGAPORE
Numbers you can run the business on, every single month.
Statutory accounts tell you what happened last year. Management accounts tell you what is happening now, so you can act on it. Our agents assemble the pack from your reconciled books every month; your accountant adds the commentary and walks you through it on a call.
Facts checked on 12 September 2026
WHAT THIS COVERS
The work, in plain terms.
Statutory accounts are prepared once a year, months after the year has closed, and their purpose is compliance — they tell ACRA and IRAS what happened. By the time you read them, the decisions that would have changed the outcome are long gone. Management accounts are a different tool for a different job: prepared monthly, close to real time, so you can see a problem or an opportunity while there is still time to do something about it. One looks backward for the regulator; the other looks at the present for you.
The pack itself is a profit and loss statement, a balance sheet and a cash-flow statement, each set against last month, the same month last year, and your budget if you have one, so a number means something rather than sitting there in isolation. Alongside it sits a short set of KPIs — gross margin, net margin, debtor days, creditor days, cash runway — chosen because they are the numbers that actually drive decisions in a small or growing business, not because they look impressive in a slide deck. None of it is dressed up: the aim is a pack you can actually use, not one that merely looks thorough.
The pack does not arrive as a spreadsheet with no explanation. Once the agent has assembled it and flagged anything unusual, your named accountant reviews it, writes a short commentary on what moved and why, and takes you through it on a review call. You leave that call knowing what changed, whether it matters, and what — if anything — to do about it, rather than a set of figures you have to interpret alone after the fact.
WHO IT'S FOR
Built for SMEs like these.
A growing business that has outgrown gut feel
You used to be able to sense how the business was doing by glancing at the bank balance. Now there are more customers, more staff and more moving parts, and gut feel is no longer a reliable guide to how the business is actually performing. You need a monthly pack that tells you what is actually going on, month by month, rather than a general sense of things.
A company with a bank facility or investors watching the numbers
Your lender or your investors ask to see monthly numbers, and 'we'll pull something together' is not an answer that inspires confidence in either of them. You need a pack that is ready on a predictable schedule and stands up to scrutiny without a scramble each time it is requested.
An owner deciding on hiring, pricing or expansion
You are weighing whether to hire, whether to raise prices, or whether to open a new line, and you want the decision grounded in your actual margins and cash position rather than a hunch about how things feel. Management accounts give you the numbers to test the decision against before you commit to it.
THE SINGAPORE RULES
What the regulator expects.
Management accounts are not a statutory filing — there is no law that says you must produce them, and no regulator collecting them on a schedule. But that does not make them optional: your statutory accounts, your GST returns and your tax computations are all built from the same underlying books that produce your management accounts, so getting the monthly numbers right is what makes the year-end filings straightforward rather than a scramble, and getting them wrong month after month is what turns audit season into a fire drill.
And plenty of parties outside your own business will ask to see them anyway. Banks, investors and grant bodies all routinely expect recent management accounts before they will lend, invest or disburse — so while nobody can fine you for not having a pack, not having one can close doors that would otherwise be open to a business with the same fundamentals but tidier numbers.
| Requirement | What applies |
|---|---|
| Not a statutory requirement | There is no law requiring monthly management accounts. Your ACRA financial statements and your IRAS tax computations are derived from the same books, though, so the discipline of monthly accounts pays off at year-end regardless. |
| Banks and lenders | Banks and other lenders require recent management accounts before extending a working-capital facility, and continue to ask for them for ongoing covenant reporting once the facility is in place. |
| Investors and grants | Enterprise Singapore and investors ask to see recent management accounts as part of due diligence or ongoing reporting, so a business without a current pack can find itself unable to respond to a routine request. |
| Directors' duty | The Companies Act obliges directors to keep proper accounting records and to act on the company's financial position. Monthly management accounts are the practical way directors discharge that duty rather than finding out how the year went after it has ended. |
| Basis of preparation | Prepared on the same accrual basis and SFRS framework as your year-end statutory accounts, so the numbers you see each month are consistent with what auditors and IRAS will see later, with no surprises or reworking needed at year-end. |
HOW WE HANDLE IT
Step by step, every period.
- 01
Close the month
The month is closed from your reconciled books — bank transactions matched, invoices and bills recorded, accruals and prepayments accounted for. Because this rests on bookkeeping that is already tidy and kept current throughout the month, closing the month is a checkpoint rather than a separate scramble that has to be started from nothing each time.
- 02
Assemble the pack
The agent assembles the profit and loss statement, balance sheet and cash-flow statement, with comparatives against last month, the same month last year, and your budget where one exists, so every figure has something to be measured against rather than standing alone with no context for whether it is good, bad or ordinary.
- 03
Flag movements
The agent scans the comparatives and highlights anything unusual — a margin that moved, an expense line that jumped, a debtor that has aged further than expected — so your accountant's attention goes straight to what matters rather than re-deriving it from scratch by scanning every line of the pack from the top.
- 04
Commentary
Your accountant reviews the flagged movements, decides which are genuinely worth your attention, and writes plain-language commentary explaining what moved and why, so the pack tells a story you can follow rather than presenting a page of unexplained numbers for you to puzzle over on your own.
- 05
Review call and actions
You and your accountant go through the pack together on a short call, working through the commentary and the KPI dashboard line by line until you are both satisfied it makes sense. Anything that needs a decision or a follow-up action is agreed on the call, so the numbers translate into something you actually do.
AGENTS + ACCOUNTANT
Who does what.
Assembling a monthly pack is largely a volume task — pulling the same set of figures out of the books, computing the same comparatives, checking the same ratios against the month before — and that is exactly the kind of repetitive, rules-based work an agent handles quickly and consistently, every month, without the figures drifting from how they were calculated the month before. Deciding which of those movements actually matters to you, and what they mean for a hiring decision or a pricing call, is a judgement task that depends on knowing your business, which is why a named accountant reviews every pack and delivers the commentary in person rather than leaving you to interpret a spreadsheet alone.
- Assemble the P&L, balance sheet and cash-flow statement
- Compare against last month, last year and budget
- Flag unusual movements for review
- Checks the pack and writes the commentary
- Walks you through it on a review call
WHAT GOES WRONG WITHOUT IT
The expensive mistakes.
Deciding on bank balance alone
A healthy bank balance can hide a business that is unprofitable once accruals and upcoming bills are accounted for, and a low one can look worse than a business that is actually fine because cash is simply sitting in unpaid invoices. Decisions made on the balance alone, without a proper P&L and cash-flow view, are frequently the wrong decisions.
Discovering a bad quarter at year-end
Without monthly numbers, a quarter or two of deteriorating margins can go unnoticed until the annual accounts are prepared — by which point the trend has had months to compound, several more quarters have followed the same pattern, and the options for correcting it are far more limited.
Chasing customers late because receivables aren't tracked
Without a monthly debtor-days figure in front of you, slow-paying customers slip past unnoticed until cash is actually tight and the gap has already forced a decision about your own suppliers. By the time it is obvious, the receivable may be considerably harder to collect than it would have been a month or two earlier.
A bank or investor request you can't answer within a week
When a lender or investor asks for recent management accounts and none exist, producing a credible pack from scratch under time pressure is difficult, the numbers look rushed, and it shows. A business that already has a monthly pack simply sends the last one and moves on.
WHAT YOU RECEIVE
A management pack you actually understand, every month.
- A monthly profit and loss statement, with comparatives against last month, last year and budget
- A monthly balance sheet showing the company's assets, liabilities and equity position
- A monthly cash-flow statement showing where cash actually moved during the month
- A KPI dashboard covering gross margin, net margin, debtor days, creditor days and cash runway
- Written variance commentary explaining what moved and why, in plain language
- A monthly review call with your named accountant to walk through the pack and agree any actions
INCLUDED IN YOUR PACKAGE
Included from the Growth package.
Your full finance function for a growing team. Every package is a fixed monthly fee with a named accountant on your file — see what each one includes and choose the right starting point.
Common questions.
When in the month do I get the pack?
Once the month has been closed from your reconciled books, the agent assembles the pack and your accountant adds commentary before it comes to you. Because it depends on the books being closed first, the pack follows shortly after month-end rather than being available the instant the month ends — the reconciliation has to happen before the numbers can be trusted enough to act on.
What KPIs do you track?
By default the dashboard covers gross margin, net margin, debtor days, creditor days and cash runway — the handful of figures that most directly reflect whether the business is profitable, collecting what it is owed, paying what it owes on time, and has enough cash to keep operating. Together they give a rounded view of the business without turning the pack into a spreadsheet nobody reads. We can discuss adding others specific to your business.
Can you include budget vs actual?
Yes, once you have a budget in place. The pack compares actuals against last month and the same month last year regardless, and adds a budget column alongside those comparatives once a budget exists for your accountant to check the actuals against, so you can see not just how this month compares to the past but how it compares to what you planned for.
Do I need this if I'm small?
Management accounts are not a legal requirement at any size, so the honest answer is that it depends on what you need. If you are making decisions on hiring, pricing or cash management, or a bank or investor is asking to see numbers, a monthly pack is worth having regardless of how small the business currently is — the value comes from the decisions it supports, not from the size of the company producing it.
How is this different from year-end accounts?
Year-end accounts are a statutory filing, prepared once a year after the year has closed, for ACRA and IRAS. Management accounts are prepared monthly, close to real time, and exist so you can act on the numbers while there is still time to change the outcome, not to satisfy a filing requirement — though because both rest on the same books, keeping the monthly pack current makes the year-end filing far less of a scramble.
Can the pack be shared with my bank or investors?
Yes. The pack is built precisely for this kind of scrutiny — prepared on the same accrual basis and SFRS framework as your statutory accounts, with clear comparatives and commentary — so it is ready to send to a lender, investor or grant body when they ask, rather than needing to be reworked or explained before it can go out the door.
Need this handled?
Tell us where the current process stands. We'll recommend a practical scope and clear next step.