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Integrated corporate, accounting, tax, payroll and compliance support for international businesses operating across seven Asian markets.

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In-market teams across seven Asian jurisdictions, coordinated through Singapore for a single point of accountability.

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Accounting records and statutory reporting
Home›Services›Accounting

Accounting & Financial Reporting Across Asia

Accurate, timely accounting for your Asian entities — prepared to local accounting standards and formatted for parent company group reporting. Luther's in-market teams manage your books so your finance function has complete visibility across the region.

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What We Deliver

  • Monthly bookkeeping & reconciliation
  • Management accounts (P&L, Balance Sheet)
  • Statutory financial statements
  • Group reporting support
  • XBRL filing (Singapore)
  • Audit support & liaison
Key Benefits

Why Outsource Accounting to Luther?

Dual-Standard Reporting

Singapore subsidiaries and other Asian entities frequently need accounts prepared both to local statutory standards and parent company Group formats (IFRS, US GAAP, German HGB). We prepare both.

Audit-Ready Financials

We provide fully reconciled schedules, audit packs, and supporting workpapers that enable statutory audit to proceed without back-and-forth. Auditors get what they need on day one.

Group Finance Integration

Monthly management accounts formatted to your parent company's chart of accounts and consolidation requirements. No reformatting by your group finance team.

Scalable Without Headcount

As your Asian operations grow, accounting complexity grows with it. Our service scales without adding local finance staff in each country.

Accounting by Country

Local Accounting Standards by Market

Each Asian market has its own financial reporting framework. Select a country to see the standards and statutory obligations we manage for entities in that jurisdiction.

Singapore Accounting

Singapore entities are required to prepare financial statements in accordance with Singapore Financial Reporting Standards (SFRS) or SFRS for Small Entities. Listed entities apply SFRS(I). Annual accounts must be filed with ACRA.

  • SFRS / SFRS(I) compliancefinancial statements prepared under Singapore Financial Reporting Standards or SFRS for Small Entities as applicable
  • Monthly management accountsP&L, Balance Sheet, and cash flow statement on your chosen schedule
  • XBRL-tagged financial statementsiXBRL tagging and submission via BizFile+ for applicable entities
  • Audit supportreconciled schedules, audit confirmations, and supporting workpapers provided to your appointed auditors
  • Intercompany transactionsrelated-party balances and transactions accounted for correctly under SFRS
  • ACRA filingannual return and financial statements filed on time with the Accounting and Corporate Regulatory Authority

What accounting typically involves in Singapore

  • Monthly bookkeeping and bank reconciliation in Singapore dollars
  • Management accounts preparation (monthly or quarterly depending on requirements)
  • Statutory financial statements under SFRS, including consolidated statements, statements of changes in equity, cash flow statements and notes where applicable
  • Tax and deferred tax provision computation for inclusion in the financial statements
  • Quarterly GST accounting and reconciliation where the entity is GST-registered
  • XBRL filing coordination for companies required to file with ACRA in iXBRL format
  • Audit exemption assessment and coordination with auditors where a statutory audit is required
  • Group reporting pack and head office consolidation support where applicable

Where specialist accounting, audit or XBRL advice is required, we coordinate with the relevant Luther professionals.

Singapore FAQs & expertise →

Applicable Standards

SFRS (full SFRS for listed/large entities), SFRS for SE (small entities), SFRS(I) (listed entities applying international standards). XBRL filing required for most Singapore-incorporated companies.

Malaysia Accounting

Malaysian companies must prepare financial statements under Malaysian Financial Reporting Standards (MFRS) or the Malaysian Private Entities Reporting Standard (MPERS). Accounts are filed with SSM.

  • MFRS / MPERS compliancefinancial statements prepared to Malaysian reporting standards as applicable to the entity size and type
  • Monthly management accountsP&L, Balance Sheet, and management reports on your schedule
  • SSM annual returndirectors' reports, financial statements, and statutory documents filed with Suruhanjaya Syarikat Malaysia
  • Audit coordinationpreparation of audit-ready financials and liaison with appointed auditors
  • Group reporting in parent formatIFRS or other parent company format prepared alongside MFRS accounts
  • GST/SST accountingcorrect treatment of Sales and Services Tax in the accounts

What accounting typically involves in Malaysia

  • Monthly bookkeeping and bank reconciliation in Malaysian Ringgit
  • Management accounts and monthly or quarterly financial reporting
  • Statutory financial statements under MPERS or MFRS, depending on entity type
  • Statutory audit coordination (statutory audit is generally required for Sdn Bhd companies)
  • Group reporting and consolidation support where applicable

Audit exemption conditions vary. Where specialist accounting or audit advice is required, we coordinate with the relevant Luther professionals.

Malaysia FAQs & expertise →

Applicable Standards

MFRS (aligned with IFRS) for listed and large private entities. MPERS for eligible private entities. Annual accounts filed within 6 months of financial year end.

Indonesia Accounting

Indonesian companies prepare financial statements under Indonesian Financial Accounting Standards (SAK), which have been substantially converged with IFRS. PT PMA (foreign-invested) entities have additional compliance requirements.

  • SAK / PSAK complianceIndonesian GAAP financial statements prepared under Standar Akuntansi Keuangan
  • Monthly management accountsP&L, Neraca, and management reporting
  • Annual financial statementsprepared for statutory audit and submission to Ministry of Manpower and other authorities
  • PT PMA complianceinvestment realisation reporting to BKPM/OSS, monthly and quarterly investment reports
  • VAT (PPN) accountingmonthly VAT reconciliation and e-Faktur integration
  • Intercompany and group reportingproper transfer pricing documentation and group account reconciliation

What accounting typically involves in Indonesia

  • Monthly bookkeeping and bank reconciliation in Indonesian Rupiah
  • Management accounts and periodic financial reporting for group visibility
  • Statutory financial statements under Indonesian accounting standards (SAK/PSAK)
  • Statutory audit coordination — required for PT PMA companies and entities meeting size thresholds
  • Annual financial statements submitted to relevant authorities as part of compliance obligations

Where specialist accounting or audit advice is required, we coordinate with the relevant Luther professionals.

Indonesia FAQs & expertise →

Applicable Standards

SAK (PSAK) for Indonesian entities. PT PMA entities have additional quarterly investment reporting obligations to BKPM/OSS.

Thailand Accounting

Thai companies must prepare accounts under Thai Financial Reporting Standards (TFRS). Financial statements must be certified by a licensed CPA and submitted to the Department of Business Development (DBD).

  • TFRS compliancefinancial statements prepared under Thai Financial Reporting Standards
  • CPA review and certificationannual financial statements certified by a licensed Thai CPA
  • DBD filingannual financial statements and balance sheet submitted to the Department of Business Development
  • Monthly management accountsmanagement P&L, cash flow, and balance sheet reporting
  • VAT (PP30) accountingmonthly VAT reconciliation and filing support
  • Group reportingIFRS or parent-format accounts prepared alongside TFRS

What accounting typically involves in Thailand

  • Monthly bookkeeping and bank reconciliation in Thai Baht
  • Management accounts and periodic financial reporting
  • Books certified by a Ministry of Commerce registered accountant, which Luther can provide where applicable
  • Statutory financial statements under Thai Financial Reporting Standards (TFRS)
  • Statutory audit coordination — required for all registered Thai limited companies
  • Financial statements submitted to the Department of Business Development (DBD)

Where specialist accounting or audit advice is required, we coordinate with the relevant Luther professionals.

Thailand FAQs & expertise →

Applicable Standards

TFRS (converging with IFRS). Annual financial statements must be audited and certified by a Thai CPA. DBD filing due within 5 months of year end.

Vietnam Accounting

Vietnamese companies apply the Vietnamese Accounting Standards (VAS) framework, which differs materially from IFRS. Enterprises must maintain accounting records in Vietnamese dong and prepare accounts in Vietnamese.

  • VAS compliancefinancial statements under Vietnamese Accounting Standards (Chuẩn mực Kế toán Việt Nam)
  • Annual financial statementsstatutory accounts prepared and signed off by the legal representative
  • Tax department filingaudited accounts submitted to the local Tax Department and Statistics Office
  • Monthly management accountsP&L, balance sheet, and management reporting in English
  • VAT (GTGT) accountingmonthly VAT reconciliation and e-invoice management
  • Foreign Contractor Tax (FCT)accounting treatment for payments to foreign contractors and service providers

What accounting typically involves in Vietnam

  • Monthly bookkeeping and bank reconciliation in Vietnamese Dong
  • Management accounts and periodic reporting for group visibility
  • Statutory financial statements under Vietnamese Accounting Standards (VAS)
  • Statutory audit coordination — required for foreign-invested enterprises (FIEs) and other qualifying entities
  • Annual financial statements submitted by 31 March of the following year (or within 90 days of financial year end)

Where specialist accounting or audit advice is required, we coordinate with the relevant Luther professionals.

Vietnam FAQs & expertise →

Applicable Standards

VAS (distinct from IFRS). FDI enterprises must file audited financial statements annually with local tax authority and Statistics Office within 90 days of year end.

India Accounting

Indian companies prepare accounts under Indian Accounting Standards (Ind AS) or the older IGAAP, depending on entity size and listing status. Annual accounts are filed with the Ministry of Corporate Affairs (MCA).

  • Ind AS / IGAAP compliancefinancial statements prepared under the applicable Indian accounting framework
  • Monthly management accountsP&L, balance sheet, and management reporting
  • MCA filingannual return and financial statements (Form AOC-4 and MGT-7) filed with the Registrar of Companies
  • Audit supportpreparation of statutory audit workpapers and liaison with appointed auditors
  • GST accountingmonthly GSTR reconciliation and input tax credit management
  • Transfer pricing documentationForm 3CEB and related documentation for international transactions

What accounting typically involves in India

  • Monthly bookkeeping and bank reconciliation in Indian Rupees
  • Management accounts and periodic financial reporting for group and consolidation purposes
  • Statutory financial statements under Ind AS or AS, depending on company classification and size
  • Statutory audit coordination — required for all Indian companies; mandatory under the Companies Act 2013
  • MCA/XBRL filing for eligible companies; annual financial statements filed with the Registrar of Companies

Where specialist accounting or audit advice is required, we coordinate with the relevant Luther professionals.

India FAQs & expertise →

Applicable Standards

Ind AS (for listed companies and large unlisted companies above prescribed thresholds). IGAAP for smaller companies. MCA filing within 60 days of AGM.

Myanmar Accounting

Every company shall prepare annual financial statements in accordance with Myanmar’s prescribed financial year (1 April to 31 March), which shall include a balance sheet and a profit and loss account, both prepared by the directors in accordance with the applicable accounting standards (MFRS or IFRS).

  • Bookkeeping servicesfinancial statements prepared under MFRS/ IFRS
  • Annual financial statementsstatutory accounts prepared for Internal Revenue Department filings
  • Monthly management accountsP&L, balance sheet, and management reporting in English
  • Audit supportworking papers and liaison with appointed auditors
  • Commercial Tax accountingperiodic commercial tax reconciliation where applicable

What accounting typically involves in Myanmar

  • Monthly bookkeeping and bank reconciliation in Myanmar Kyat / Foreign Currencies
  • Management accounts and periodic financial reporting
  • Preparation of statutory financial statements
  • Statutory audit coordination where required
  • Annual financial statements for tax filing purposes with the Internal Revenue Department

Where specialist accounting advice is required, we coordinate with the relevant Luther professionals through our established professional network.

Myanmar FAQs & expertise →

Note on Operations

Luther supports Myanmar accounting through its Yangon office. Please contact us to discuss current requirements given the operating environment.

Country FAQs

Accounting & Reporting — Questions by Country

Practical answers for the country selected above. Use the country tabs to update these answers and the related expertise.

Singapore
What accounting and reporting support can Luther provide in Singapore?
Can Luther align Singapore reporting with our group standard?
Does Luther coordinate the local audit in Singapore?
Related expertise in Singapore
Payroll & HR Administration Tax Compliance & Advisory Corporate Secretarial & Entity Compliance Company Setup Banking & Payment Administration Immigration & Mobility Support Transaction & Corporate Support Closure & Restructuring Support
Malaysia
What accounting and reporting support can Luther provide in Malaysia?
Can Luther align Malaysia reporting with our group standard?
Does Luther coordinate the local audit in Malaysia?
Related expertise in Malaysia
Payroll & HR Administration Tax Compliance & Advisory Corporate Secretarial & Entity Compliance Company Setup Banking & Payment Administration Immigration & Mobility Support Transaction & Corporate Support Closure & Restructuring Support
Indonesia
What accounting and reporting support can Luther provide in Indonesia?
Can Luther align Indonesia reporting with our group standard?
Does Luther coordinate the local audit in Indonesia?
Related expertise in Indonesia
Payroll & HR Administration Tax Compliance & Advisory Corporate Secretarial & Entity Compliance Company Setup Banking & Payment Administration Immigration & Mobility Support Transaction & Corporate Support Closure & Restructuring Support
Thailand
What accounting and reporting support can Luther provide in Thailand?
Can Luther align Thailand reporting with our group standard?
Does Luther coordinate the local audit in Thailand?
Related expertise in Thailand
Payroll & HR Administration Tax Compliance & Advisory Corporate Secretarial & Entity Compliance Company Setup Banking & Payment Administration Immigration & Mobility Support Transaction & Corporate Support Closure & Restructuring Support
Vietnam
What accounting and reporting support can Luther provide in Vietnam?
Can Luther align Vietnam reporting with our group standard?
Does Luther coordinate the local audit in Vietnam?
Related expertise in Vietnam
Payroll & HR Administration Tax Compliance & Advisory Corporate Secretarial & Entity Compliance Company Setup Banking & Payment Administration Immigration & Mobility Support Transaction & Corporate Support Closure & Restructuring Support
India
What accounting and reporting support can Luther provide in India?
Can Luther align India reporting with our group standard?
Does Luther coordinate the local audit in India?
Related expertise in India
Payroll & HR Administration Tax Compliance & Advisory Corporate Secretarial & Entity Compliance Company Setup Banking & Payment Administration Immigration & Mobility Support Transaction & Corporate Support Closure & Restructuring Support
Myanmar
What accounting and reporting support can Luther provide in Myanmar?
Can Luther align Myanmar reporting with our group standard?
Does Luther coordinate the local audit in Myanmar?
Related expertise in Myanmar
Payroll Administration Tax Compliance & Advisory Corporate Secretarial & Regulatory Compliance Company Setup Banking & Account Administration Immigration Support Transaction & Corporate Support Liquidation & De-Registration Support

Still have questions? Tell us your country and requirement and we'll point you to the right specialist.

Request support
Service Scope

What's Included in Our Accounting Service

End-to-end accounting support from transaction processing through to audit-ready financial statements.

Monthly Bookkeeping

All transaction recording, coding, and data entry handled by our in-market accounting teams.

Bank Reconciliation

Monthly reconciliation of all bank accounts and payment records.

Accounts Payable & Receivable

AP/AR management, ageing reports, and intercompany reconciliation.

Management Accounts

Monthly P&L, Balance Sheet, and cash flow statement in your preferred format.

Fixed Asset Register

Maintenance of the fixed asset schedule, depreciation calculations, and disposal accounting.

Statutory Financial Statements

Annual accounts prepared to local standards and formatted for statutory filing.

Group Reporting Pack

Accounts reformatted to parent company chart of accounts and consolidation format.

Audit Support

Full audit pack, reconciled schedules, and real-time liaison with your appointed auditors.

Indirect Tax Accounting

GST / VAT / SST reconciliation built into monthly accounting cycle.

Cloud Platform Support

Xero, QuickBooks, MYOB, SAP, Oracle, and Microsoft Dynamics supported.

Our Expertise

Financial Reporting That Works for Group Finance

Asia subsidiaries face a dual obligation — meet local statutory requirements and satisfy parent company group reporting. Our accounting teams handle both without requiring your group finance team to manage either.

  • SFRS, MFRS, SAK, TFRS, VAS, and Ind AS — prepared correctly from the outset, not corrected at audit
  • Dual-format reporting: local statutory accounts and parent company IFRS/US GAAP/HGB consolidation pack prepared concurrently
  • Intercompany transaction accounting and elimination entries for regional subsidiaries
  • Cash flow forecasting and financial analysis alongside management accounts for board and regional reporting
  • XBRL tagging and submission for Singapore ACRA filings
  • Audit-ready workpapers delivered on day one of each audit, minimising disruption to operations
18+
Years in Singapore & Asia
21
Luther Group Offices Worldwide
7
Asian Markets Covered
Our Process

Getting Your Accounting Set Up

1

Scoping Call

We assess your current accounting setup, reporting requirements, and any group finance considerations.

2

Chart of Accounts Setup

We configure your chart of accounts and management reporting format before we begin.

3

Data Migration

Historical trial balances and opening balances loaded and reconciled.

4

Monthly Rhythm

Regular reporting cycle established with agreed deadlines and review process.

FAQ

Frequently Asked Questions

Can you support both local statutory accounts and group IFRS reporting simultaneously?
Yes. This is a common requirement for Asian subsidiaries of European and US multinationals. We prepare local statutory accounts and a separate IFRS or parent-format reporting pack concurrently.
Which accounting platforms do you support?
We support Xero, QuickBooks, MYOB, SAP, Oracle NetSuite, and Microsoft Dynamics, as well as local platforms used in specific markets. We can work in your existing system or recommend an appropriate platform.
Do you provide XBRL filing for Singapore companies?
Yes. iXBRL-tagged financial statements and BizFile+ submission are included as part of the annual accounting service for Singapore entities required to file in XBRL.
Can you manage accounting across multiple Asian entities under one engagement?
Yes. We coordinate accounting across your Asian entities, providing consolidated reporting and a single point of contact in Singapore.
What information do you need from us each month?
Typically: bank statements, supplier invoices and receipts, sales invoices, and any intercompany transactions. We provide a simple monthly checklist to make this process straightforward.
Related Services

Other Services We Provide

Service

Payroll & HR

End-to-end payroll processing, CPF/statutory contributions, payslips, and HR administration across Asia.

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Service

Tax Compliance

Corporate income tax, GST/VAT/SST, and withholding tax filings managed by in-market specialists.

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Service

Corporate Secretarial

Company secretary, statutory compliance, board resolutions, and regulatory filings across Asia.

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Ready to Outsource Accounting Across Your Asian Operations?

Contact our accounting team for a tailored proposal.

Speak with an Expert