Monthly Compliance Checklist for Singapore Businesses

Why Monthly Compliance Is Non-Negotiable

Singapore’s regulatory environment is efficient — but also unforgiving when it comes to late filings and non-compliance. Small errors or delays in fulfilling your monthly obligations can result in fines, audits, and even director disqualification.

Whether you’re a local SME or a foreign-owned company, this monthly compliance checklist helps ensure your business stays legally sound and operationally efficient.

1. Bookkeeping and Accounting Records

Update all financial transactions (sales, purchases, expenses)
Reconcile bank statements with internal accounts
Organise and record source documents (invoices, receipts, contracts)
Maintain proper digital or physical records for at least 5 years

Tip: Cloud-based solutions like Xero or QuickBooks streamline monthly bookkeeping and generate real-time financial reports.

2. CPF Contributions for Employees

Calculate CPF contributions based on gross salary and employee category
Submit and pay CPF to the Central Provident Fund Board by the 14th of every month

Tip: Late CPF payments incur interest and penalties — outsourcing payroll helps avoid compliance slips.

3. Monthly Payroll Processing

Verify attendance, overtime, and approved leaves
Generate payslips and disburse salary by the due date
Update employment contracts or salary changes if applicable

Tip: Employers must issue itemised payslips and maintain proper salary records under the Employment Act.

4. GST Filing (If Applicable)

Prepare your monthly or quarterly GST report based on your assigned cycle
Ensure timely submission and payment to IRAS by the due date on the GST return

Tip: Input and output tax records must be well maintained to ensure accuracy and support IRAS audits.

5. Review Financial KPIs and Cash Flow

Monitor cash inflow vs outflow
Review aged receivables and payables
Forecast expenses for the upcoming months

Tip: Monthly financial reviews help detect issues early and support strategic decisions.

6. Compliance Calendar Check

Confirm any due dates for ACRA, IRAS, or licensing agencies
Prepare for upcoming filing milestones (e.g., Estimated Chargeable Income, annual return)
Check for expiring permits, contracts, or employment passes

Tip: A digital compliance calendar keeps all obligations visible and reduces last-minute stress.

7. Communication with Your Corporate Secretary or Service Provider

Inform your secretary of any director/shareholder changes
Review or file necessary board resolutions
Discuss updates on corporate governance or statutory records

Tip: Open communication ensures you don’t miss hidden compliance triggers.

How Excellence Singapore Keeps Your Business Compliant

Our all-in-one monthly compliance support includes:

Full bookkeeping and monthly accounts reconciliation
Payroll and CPF administration
GST reporting and filing
Financial performance tracking
Compliance alerts and deadline reminders
Corporate secretarial coordination

Whether you’re managing locally or remotely, we ensure every compliance box is ticked — month after month.

Conclusion: Stay Ahead With a Monthly Compliance Routine

In Singapore’s fast-paced regulatory environment, monthly discipline is the key to annual peace of mind. Our team ensures your company stays fully compliant — while you stay focused on growing your business.