18 best accounting software tools for businesses in Singapore in 2026

18 best accounting software tools in Singapore in 2026

There are many companies in Singapore offering amazing accounting software. Here are some of them. We evaluated each tool based on its features, ease of use, suitability for small and medium enterprises, and user feedback. Our list covers both paid and free options, ensuring you can find the right fit for your business needs.

Best paid accounting software in Singapore

(Disclaimer: Prices were last updated in January 2026. For the most current pricing and product information, please contact the accounting software companies directly.)

1. Xero

Price: Starts from SGD $39 per month or SGD $468 per year

Ideal for: Startups and growing SMEs who desire cloud-based bookkeeping, robust integrations, and IRAS-compliant tax automation.

Pros: One of the most popular accounting software on the market, Xero is well-designed and easy to use for business owners new to accounting. Xero integrations are among the most compatible with other systems, making it easy to integrate with any other finance tracking software you might be using. On top of that, Xero includes automatic tax calculations compliant with IRAS regulations.

Cons: Some customers have experienced difficulty with bank integration.

Tips: Did you know that Aspire is Xero’s first business payment services partner in SEA? Through this integration, founders can access smart features such as hourly data syncs and auto-spend categorisation.

2. ABSS/MYOB 

Price: Starts from SGD $48.33 per month or SGD $580 per year

Ideal for: Small to mid-sized businesses with solid inventory control and periodic purchases. 

Pros: Formally known as MYOB, ABSS is one of the more familiar automated accounting systems among business owners in the region. It offers a robust inventory tracking system, automated processing of your sales and purchases, report generation, and customisable invoices.

Cons: ABSS software starts at 1 user for ABSS Accounting and a maximum of 3 concurrent users for ABSS Premier. However, it doesn't have a mobile app at the moment, which can be tricky if you're a business owner who's constantly on the go. 

3. SmartCursors

Price: Starts from SGD $40 per month or SGD $480 per year

Ideal for: Local trading firms doing business with multiple organisations or currencies.

Pros: This accounting software is a multi-currency, multi-entity integrated platform, which means all your currency gains and losses are automatically tracked in your dashboard. It can also handle accounting for multiple entities, allow cross-billing, issue receipts, and process fund transfers.

Cons: It integrates very easily with other SmartCursor applications, but may encounter difficulties when paired with software outside the brand. 

4. Sage Business Cloud Accounting

Price: Starts from SGD $15.62 per month or SGD $187.48 per month (Converted from USD $12.33 per month or USD 148 per year) 

Note: The above figures are based on other regional sites and serve as a rough reference. Please confirm current pricing directly with the provider.

Ideal for: Companies with fewer than 50 employees often handle simple billing and cash flow forecasting.

Pros: Sage's Business Cloud Accounting system allows business owners to forecast their cash flow on a comprehensive dashboard. Identify where you could save and spend on and make clever business decisions with Sage. You'll also be able to send and track invoices, making payment tracking way easier. 

Cons: Sage software lacks payroll features, which can be a dealbreaker for founders seeking well-rounded accounting software.

5. Tally Accounting Software 

Price: Starts from SGD $22 per month or SGD $270 per year

Ideal for: SMEs who need features similar to enterprise resource planning (ERP) systems for GST, inventory, and accounting in many currencies.

Pros: Tally is an enterprise resource planning (ERP) software that enables organisations to generate GST invoices, manage inventory, and conduct multi-currency accounting. Apart from all accounting matters, they also offer related solutions, including design, development, consultancy, implementation, and training.

‍Cons: Tally's interface is a little outdated compared to newer software, which might make it less intuitive for users.

6. Oracle NetSuite Cloud ERP 

Price: Not stated on the website. Please reach out to the provider.

Ideal for: Fast-growing or complex, multi-department enterprises.

Pros: Oracle NetSuite is another ERP used by companies to manage inventory, maintain CRM systems and monitor transactions. It remains a trusted player in the field because of its scalability. Its tools for billing, revenue, and accounting management are versatile and forward-looking.

Cons: It offers a comprehensive set of tools, which might be overwhelming for small business owners with no accounting background. These tools are also tailored for rapidly expanding businesses, which might not suit the needs of small businesses just starting out.

7. FreshBooks 

Price: Starts from SGD $11.65 per month or SGD $267.45 (Converted from USD $9.20 per month or USD 211.14 per year)

Ideal for: Freelancers and companies that handle a large number of invoices.

‍Pros: FreshBooks offers organised, insightful business reports in a digestible dashboard that also handles automatic tax calculations. With the ability to handle large billing volumes, it is ideal for founders who constantly manage an influx of transactions. 

Cons: Currently, it doesn't offer inventory management or a payroll service. Mobile app features are also limited, so you might have to migrate accounting systems once your business expands.

8. QuickBooks

Price: Starts from SGD $9.30 per month or SGD $167 per year

Ideal for: SMEs needing customisable billing, expenditure monitoring, and mobile capabilities. 

Pros: With invoicing templates to help you create your own personalised invoices and sales receipts, QuickBooks really does live up to its name. Photograph and save receipts on the go with the QuickBooks mobile app and get instant insights through automated financial reports. To top it off, you can sync QuickBooks integrations directly with your business account.

Cons: QuickBooks' accounting software interface might require a bit of time to get used to.

‍Tips: With Aspire's integration with QuickBooks, business owners can now manage their invoicing, expense tracking, and more – all in one place.

9. Highnix

Price: Free software. Hosting and backup cost SGD $25 per month.

Ideal for: Mid- to big-sized organisations seeking flexible ERP with multi-language and currency conversion capabilities.

Pros: Highnix offers five different ERP configurations to choose from. All configurations come with language-on-demand services and support multiple currencies and third-party integrations. Plan upgrade and concurrent user limit expansion are also available.

Cons: As an ERP system, Highnix does not have a mobile application, which might be a problem if you want real-time updates on your financial accounts.

10. Financio

Price: SGD $25.33 per month or SGD 278.68 per year (Converted from USD $20 per month or USD $220 per year)

Ideal for: Entrepreneurs and SMEs who value flexibility, teamwork, and digital billing.

Pros: Easily accessible from any device, Financio is a good choice for business owners on the go. Also, its easy setup makes it suitable for business owners with no accounting knowledge. Apart from accounting automation, the software is well-loved for its collaboration feature, multilingual interface, and e-invoicing capabilities.

Cons: Financio is a latecomer in its bank integration feature.

11. Autocount

Price: Starts from SGD $22.72 per month or SGD $95.42 per month (Converted from RM 70 per month or RM 294 per year) 

Note: The above figures are based on other regional sites and serve as a rough reference. Please confirm current pricing directly with the provider.

Ideal for: Commercial and F&B businesses wanting POS systems, billing, payroll, and warehouse integration.

Pros: Autocount features include payroll modules, inventory and accounting. It also has an integrated Point of Sale (POS) system for retail and F&B operations, with real-time data synchronisation.

Cons: Autocount cannot generate customisable reports. 

12. Zoho Books

Price: Free to start

Ideal for: For startups and SMEs seeking a reasonable, comprehensive bookkeeping application with great mobile compatibility.

Pros: Zoho Books is a feature-rich software with an extremely user-friendly interface that makes navigation easy. Its role-based access feature lets you add colleagues and accountants to your account for easier management. Other useful features include time and inventory tracking. Its mobile app and support services are also impressive.

Cons: Although Zoho Books offers over 50 report templates, it limits the creation of advanced financial reports. You’ll also need to subscribe to a higher-level plan to receive the more advanced features.

13. Kashoo

Price: Starting from SGD $25.33 per month or SGD 273.62 per year (Converted from USD $20 per month or USD $216 per year)

Ideal for: Small firms and sole proprietors wanting simple accounting with dual entries

Pros: Whether it is a simple invoice or double-entry accounting software, Kashoo meets your needs as a business owner. ‍It comes with OCR receipt matching, bulk editing, and bank integrations to make your accounting ultra-easy.

Cons: Kashoo currently does not have an Android app. It also lacks inventory, time tracking, and document management features.

14. Kashflow

Price: Starting from SGD $21.35 per month or SGD $95.42 per month (Converted from GBP £12.50 per month or GBP £90 per year) 

Note: The above figures are based on other regional sites and serve as a rough reference. Please confirm current pricing directly with the provider.

Ideal for: Small enterprises that want a unified platform for payments and invoicing.

Pros: Easily understandable reports, invoicing systems, bank integration and payroll management? KashFlow has it all. Manage all your accounting needs through KashFlow's app dashboard, which features real-time updates.

Cons: This software lacks inventory management or a CRM system, which might make it a little difficult for e-commerce sites with high sales volumes.

15. Aspire

Price: Explore our plans here

Ideal for: Entrepreneurs and SMEs seeking financial services, billing, and accounting systems integration.

Pros: Fully integrated with Xero, QuickBooks, MYOB, Oracle NetSuite and Deskera. Get hourly updates on your business spend with Aspire. With the Aspire Business Account automatically linked to Xero, accounting for your business is a walk in the park. You'll also be able to grant your accountants access to business accounts, streamlining bookkeeping. 

Cons: The Aspire app doesn't currently have an inventory management feature, but you can expect new features with every update.

Best Free Accounting Software in Singapore

16. GnuCash

Price: Free to start

Ideal for: Startups run by a single person or a small team with simple accounting requirements, few transactions, and little need for cloud storage or real-time collaboration.

Pros: As an open-source application, GnuCash's free-to-use interface is easy to navigate, fuss-free to use for managing transaction reports, and a definite draw for business owners. It also helps that it is available in multiple languages and supports multiple currencies.

Cons: GnuCash restricts teamwork and accountant collaboration due to its lack of cloud functionality and support for only one user. Customer service is lacking, and there are few integrations with payment, payroll, or banking institutions.

17. Wave

Price: Free to start

Ideal for: Freelancers and companies in their early stages who require a cost-effective cloud-based product for expense tracking and invoicing.

Pros: In addition to being completely free to use, Wave offers a host of other benefits. This includes a double-entry system, unlimited income and expense tracking, unlimited collaborators on the account and invoicing in the currency of your choice. With its user-friendly, intuitive interface, Wave makes it easier for founders to navigate their expenses.

Cons: Wave has added a payroll feature, but it is not free like its accounting and invoicing services. Furthermore, Wave has limited third-party app collaborations.

18. ZipBooks

Price: Free to start

Ideal for: For smaller businesses that deal in services and have simple billing requirements and lower transaction volumes.

Pros: For a free accounting software, ZipBooks offers unlimited invoicing. Other attractions include support for unlimited vendors and customers, basic reporting, and a digital payments feature.

‍Cons: Advanced features such as automated billing for recurring invoices, multi-user support, automated reminders, and time-tracking are only available with the paid versions, which start at USD $15 per month.

What does accounting software do?

Most people assume that accounting software helps manage the day-to-day financial transactions of a business, including recording receipts and payments, managing accounts receivables and payables, expense management and other financial activities. But there's more to accounting software than that.

Did you know that accounting software can populate your general ledger in real time? It helps track assets, liabilities, revenue, and expenses, making it easier to prepare your quarterly or year-end financial statements. Additionally, accounting software can help CFOs, treasurers and controllers analyse their company's financial position in a jiffy.

Even for a start-up or small business, accounting software can help manage finances better, contributing to better business management and, consequently, higher bottom lines. 

Why should you get accounting software for your business?

Equipping your business with accounting software has numerous advantages. It automates your accounting process and removes the many hassles of manual accounting. Whether you choose free accounting software in Singapore or pay for a service, investing in it for your small business can be very beneficial. Here's how the best accounting software in Singapore can help:

Invoicing and Billing

Manual invoicing and billing can be tedious, time-consuming and prone to errors. Given that it is an essential part of your business, investing in invoicing software to support it can streamline the process. Accounting software lets you create templates for recurring bills, add payment terms, set reminders, and automate mundane tasks like calculations. You can also keep track of your pending invoices and due dates.

Expense Tracking

As a small business, keeping an eye on your expenses can do wonders for your bottom line. With good accounting software, you can tabulate your expenses, categorise them and organise them effectively to manage your cash flows.

Online Payments 

In a digital world, everything has gone online. With online invoicing comes the advantage of online payments. Many accounting software options in Singapore, such as Xero, QuickBooks, and Zoho Books, are PEPPOL-ready or InvoiceNow-certified, allowing you to send and receive e-invoices that comply with national digital standards. 

Integrating your invoices and billings with these platforms ensures smoother payment collection and compliance with Singapore's e-invoicing regulation

Tax Compliance 

A good accounting software can also help you stay on top of your taxes and avoid legal issues. Many popular tools, such as Xero and QuickBooks, are IRAS-compliant, allowing SMEs to calculate GST correctly and generate reports, including the F5/F7 forms required for filing. Additionally, these tools can prepare financial statements in formats suitable for ACRA Annual Returns, helping you save time and reduce errors when submitting statutory reports.

Snapshot Reports

Generating reports of your expenses and payments is an important step to understanding how your business is functioning. Doing this on a spreadsheet can be complicated and time-consuming. But with accounting software, you can generate reports within minutes, helping you save money and effort.

But you might wonder why opt for cloud-based accounting software rather than on-premises software?

How to choose the right accounting software for your business in 2026

1. Choose based on your business size and complexity

Startups

Startups typically require simple and affordable accounting tools that support invoicing, expense tracking, bank reconciliation, and basic financial reporting. At this stage, ease of use is more important than advanced automation. Cloud-based systems are often sufficient for managing lower transaction volumes without requiring specialised accounting expertise.

Small and medium enterprises (SMEs)

As businesses grow, transaction volumes and reporting obligations increase. SMEs generally require GST reporting capabilities, automated bank reconciliation, multi-user access, and integration with payroll and inventory systems. Collaboration with external accountants also becomes more important. Cloud or hybrid systems are usually more suitable at this stage because they provide scalability and operational flexibility.

Large or scaling businesses

Larger or rapidly scaling companies often need ERP-level systems that integrate accounting with procurement, sales, inventory, and customer data. Hybrid or on-premise deployments may offer greater control and customisation. Although implementation costs and timelines are typically higher, these systems provide stronger internal controls and real-time visibility across departments.

2. Compare software models

While selecting the right accounting software for your business, you should decide between cloud-based solutions or traditional on-premises options. However, there are hybrid options as well. These have different approaches to operations, scalability, and supporting your company's growth.

For many Singapore SMEs, cloud-based solutions are easier to manage and scale over time. However, the final decision should depend on data sensitivity, compliance needs, and internal IT capabilities.

3. Ensure compliance and operational readiness

GST reporting and IRAS requirements

Your accounting software should support accurate GST reporting, including the ability to generate F5 and F7 returns for submission to IRAS. This reduces compliance risks and minimises filing errors.

InvoiceNow and PEPPOL readiness

The system should support Singapore's electronic invoicing framework, enabling structured invoice transmission directly between accounting systems.

ACRA-compatible financial statements

Creating financial reports, balance sheets, and accounts of cash flows in a format that is compatible with ACRA Annual Returns.

Data security and record keeping

Strong data protection measures such as encryption, user access controls, and regular backups are essential. The system should also support proper document retention in accordance with Singapore’s record-keeping standards.

Multi-currency and integrations

If your business operates internationally, the software should accurately record foreign currency transactions and manage exchange rate adjustments. Seamless integration with banking and payroll systems ensures accurate statutory reporting and operational efficiency.

Automated regulatory updates

The system should automatically update tax rules, GST rates, and reporting requirements to ensure ongoing compliance.

Final thoughts

A great accounting software does more than manage your accounts; it builds your company's future. Automating boring tasks, reducing errors, and getting real-time financial insight can help you make smarter decisions faster.

Managing cash flow and improving operational efficiency are both made easier with accounting software, particularly when integrated with payment and banking systems. Your Singaporean business may benefit from growth, improved compliance, and cost savings by investing in the right accounting technology.