Built for Businesses That Need More Clarity From Their Numbers.
Every business operates differently — and its accounting should reflect that.
Wafra supports Singapore SMEs with practical accounting and financial management solutions designed around how their businesses actually operate.
From growing SMEs to renovation and project-based companies managing multiple jobs at once, we help business owners gain better visibility over their numbers.
Accounting Isn’t One-Size-Fits-All.
A retail business manages inventory.
A service business manages billable work and operating expenses.
A renovation company manages deposits, progress payments, variation orders, suppliers, subcontractors and multiple projects running simultaneously.
The accounting fundamentals may be similar — but the financial information each business owner needs can be very different.
At Wafra, we start by understanding how your business makes and spends money before determining the accounting and reporting structure you need.
We don’t just want to know what industry you’re in. We want to understand how your business works.
Renovation, Interior Design & Construction
Project-based businesses have financial challenges that traditional accounting reports don’t always make immediately visible.
Every project has:
- A different contract value
- Different payment milestones
- Different material requirements
- Different suppliers
- Different subcontractors
- Different variation orders
- Different timelines
- Different profit margins
Wafra helps bring these moving parts together so business owners can understand both:
How the company is performing
And
How individual projects are performing.
Explore Project Financial ManagementTrusted by Project-Based Businesses
Royal Builders Pte Ltd
Renovation & Construction
Cornerstone Studios Pte Ltd
Interior Design
From Signed Contract to Final Collection
Quotation
Signed Contract
Customer Deposit
Supplier / Material Commitments
Project Commences
Progress Payment
Variation Orders
Subcontractor Payments
Project Completion
Final Collection
Project Profitability
Every stage creates financial activity. Without proper project-level tracking, it becomes difficult to determine exactly how much has been collected, how much remains outstanding, what costs have been committed and what margin the project is actually generating.
Can You Answer These Questions About Your Projects?
How much have we collected from this project?
How much is still outstanding?
How much have we committed to suppliers?
How much have we paid subcontractors?
How much did the variation orders add to revenue?
How much did those variations add to costs?
What is the current gross profit?
What is the project's gross margin?
Which projects are performing better than others?
If these answers require spreadsheets, WhatsApp messages, bank statements and several people to piece together... your business may need better project financial visibility.
Supporting SMEs Across Different Industries
While project-based businesses are a key area of Wafra's specialisation, our core accounting and financial management services can support SMEs across a range of industries.
Renovation & Interior Design
For businesses managing multiple renovation projects, customer progress payments, variation orders, suppliers and subcontractors.
Key Needs
- Project Costing
- Project Profitability
- Cash Flow
- Management Accounting
Construction & Contractors
For contractors and subcontractors managing project revenue, direct costs, supplier commitments and payment cycles.
Key Needs
- Project Financial Management
- Cost Tracking
- Receivables & Payables
- Cash Flow
Professional Services
For consultants, agencies and service businesses requiring organised accounting and better visibility over profitability and operating costs.
Key Needs
- Monthly Accounting
- Management Reporting
- Cash Flow
- Budgeting
Retail & E-Commerce
For businesses managing transaction volumes, operating expenses, payment platforms and financial reporting.
Key Needs
- Bookkeeping
- GST Support
- Management Accounts
- Financial Reporting
F&B Businesses
For businesses managing frequent transactions, suppliers, labour and significant operating costs.
Key Needs
- Bookkeeping
- Expense Monitoring
- Cash Flow
- Management Reporting
Growing SMEs
For business owners who have outgrown DIY bookkeeping but may not yet require a full internal finance department.
Key Needs
- Monthly Accounting
- GST Support
- Management Reporting
- Budgeting & Forecasting
Where Is Your Business Today?
The right financial support also depends on the stage of your business.
Building the Foundation
You need:
- Organised bookkeeping
- Basic accounting structure
- Expense tracking
- Compliance readiness
Gaining Visibility
You need:
- Monthly accounts
- Management reporting
- Cash flow monitoring
- Budgeting
Building Financial Control
You need:
- Financial KPIs
- Budget vs Actual
- Cash flow forecasting
- Project profitability
- Cost analysis
Improving Financial Intelligence
You may need:
- Management reporting
- Financial analysis
- Forecasting
- Project margin analysis
- Management-level financial reviews
Company Profitability Is Only Half the Story.
Company View
- Revenue
- –Cost of Sales
- =Gross Profit
- –Overheads
- =Net Profit
Project View
- Contract Value
- *Variation Orders
- =Revised Project Revenue
- –Materials
- –Suppliers
- –Subcontractors
- –Direct Labour / Project Costs
- =Project Gross Profit
Project Gross Profit ÷ Project Revenue = Project Margin %
Both views matter.
Company accounting tells you whether the overall business is profitable.
Project accounting helps you understand where that profit is actually coming from.
Sometimes the Problem Isn't Sales. It's Visibility.
“We're busy, but I don't know where the money is going.”
“We have many projects but don't know which ones are profitable.”
“Customers owe us money while suppliers need to be paid.”
“My accounts are always months behind.”
“I only look at my numbers during GST or year-end.”
“Sales increased, but our cash position hasn't improved.”
We Understand More Than Transactions.
Business Understanding
We look at how your business operates before determining what financial information you need.
Project-Based Experience
We understand the moving financial components involved in renovation, interior design, construction and project-driven businesses.
Practical Reporting
Financial reports should help business owners understand their businesses — not create more confusion.
Scalable Support
Start with bookkeeping and accounting, then add management reporting, cash flow and project financial management as your business grows.
Let's Find Out What Your Business Needs.
What best describes your business?
You Know Your Business. We Help You Understand the Numbers Behind It.
Whether you’re running multiple renovation projects, growing an SME or simply trying to gain better control of your accounts, Wafra starts by understanding how your business works.
Complimentary initial discovery • No obligation • Singapore-based support