18 best accounting software tools for businesses in Singapore in 2026

What does accounting software do

Accounting software records a business's financial transactions and organises them for financial reporting. It records sales, purchases, expenses and payments, updates the general ledger, and tracks accounts receivable and payable. Most software also handles invoicing, bank reconciliation, and reports such as profit and loss statements and balance sheets.

As transactions are entered, the software posts them to the relevant accounts and updates the ledger. Bank feeds can import transactions for reconciliation, reducing manual entry. GST-registered businesses can also use accounting software to calculate GST and prepare GST-related reports.

The result of using accounting software is an up-to-date record of the business's income, expenses, assets, liabilities and amounts owed.

Why should you get accounting software

Accounting software reduces manual data entry and helps catch errors. It can handle recurring invoices, expense categorisation and bank reconciliation, and makes financial reports easier to prepare.

For a small business, this can make bookkeeping easier to manage. As transaction volumes grow, having these tasks in one system becomes more useful. Here’s a breakdown of each of its uses:

• Invoicing and billing: Accounting software lets businesses create invoices, set payment terms and reminders, and calculate invoice amounts. Most platforms also show unpaid invoices and their due dates.
• Expense tracking: Accounting software records and categorises expenses, making it easier to track spending and prepare financial reports.

Best accounting software tools in Singapore in 2026

The best accounting software depends on your business size, accounting needs, budget and existing finance stack. For Singapore businesses, GST, InvoiceNow, bank feeds and integrations can also affect the decision.

We evaluated these platforms based on their accounting features, pricing, Singapore relevance and suitability for different types of businesses.

1. Xero

Best for: Startups and growing SMEs that want cloud accounting with plenty of integrations.

Price: The Starter plan costs SGD $39/month, Standard costs SGD $70/month, and Premium costs SGD $95/month. Xero also offers a 30-day free trial.

Why choose it: Xero covers invoicing, bank connections, reconciliation, and financial reporting. It also integrates with a wide range of third-party apps.

Limitation: Transaction and feature limits depend on the plan, so check the allowances before subscribing.

2. ABSS

Best for: SMEs looking for accounting software that also covers sales, purchasing, and inventory.

Price: ABSS Accounting starts at SGD $865 for a perpetual licence, while ABSS Premier starts at SGD $2,343 for three users. Subscription options are also available, starting at SGD $349/year for Accounting Connect and SGD $499/year for Premier Connect.

Why choose it: ABSS covers accounting, invoicing, sales, purchasing, inventory and financial reporting.

Limitation: Features and user limits depend on the edition.

3. SmartCursors

Best for: Businesses that need accounting with HR, tax, audit or other business functions.

Price: SmartCursors does not currently publish a standard Singapore price that could be reliably confirmed. Contact SmartCursors for pricing based on the modules and services required.

Why choose it: SmartCursors includes accounting, HR, audit, tax, practice management and analytics.

Limitation: Pricing and available features depend on the modules selected.

4. Sage Business Cloud Accounting

Best for: SMEs that need cloud accounting, financial reporting and multi-currency support.

Price: Sage does not currently publish a standard Singapore price for Sage Business Cloud Accounting. Contact Sage for current Singapore pricing.

Why choose it: Sage covers accounting, invoicing, reporting and financial management.

Limitation: Sage has several products, so features and pricing vary. InvoiceNow may also require an integration partner.

5. TallyPrime

Best for: SMEs that need accounting with inventory and other business-management tools.

Price: TallyPrime Silver costs SGD $300/year on subscription or SGD $900 for a perpetual licence. Gold costs SGD $900/year on subscription or SGD $2,800 for a perpetual licence.

Why choose it: TallyPrime covers accounting, invoicing and inventory management, along with other business-management functions.

Limitation: TallyPrime does not currently offer native InvoiceNow/PEPPOL support. Businesses that need Singapore e-invoicing should check the available integration options.

6. Oracle NetSuite

Best for: Growing or complex businesses that need an ERP rather than basic accounting software.

Price: NetSuite uses custom pricing. The final cost depends on the products, users and implementation requirements, so businesses need to request a quote from Oracle.

Why choose it: NetSuite combines financial management with inventory, procurement and order management.

Limitation: Its broader scope and implementation requirements may be more than a small business needs.

7. QuickBooks Online

Best for: SMEs that need cloud accounting, invoicing and financial tracking.

Price: Simple Start costs SGD $31/month, Essentials costs S$57/month, Plus costs S$79/month, and Advanced costs SGD $124/month. Promotional discounts may be available for new customers.

Why choose it: QuickBooks Online covers income and expenses, invoicing, bank feeds and financial reporting. The Essentials plan adds multi-currency support, while the Plus plan adds further features such as inventory tracking.

Limitation: Features and user allowances vary by plan.

8. Highnix

Best for: SMEs looking for cloud ERP and accounting tools.

Price: Highnix No-Frills Accounting has no software or per-user charge. Hosting and backup cost S$20/month.

Why choose it: It covers sales, purchases, products, inventory and accounting, with options to move to broader ERP configurations.

Limitation: Businesses that need more advanced ERP functions may need a higher-tier configuration.

9. Financio

Best for: SMEs that want cloud accounting and digital invoicing.

Price: Financio Essentials costs S$20/month, while Premier costs S$30/month. Annual plans cost S$220 and S$330, respectively. Promotional pricing may be available.

Why choose it: Financio covers accounting, invoicing and financial management, with support for Singapore GST and electronic invoicing.

Limitation: Check current plan limits, integrations and e-invoicing capabilities before subscribing.

10. AutoCount

Best for: SMEs that need accounting, sales, purchasing and inventory management.

Price: AutoCount Cloud Accounting costs S$43/month for Basic, S$58/month for Plus, S$78/month for Pro, and S$98/month for Accountant. Prices are subject to GST.

Why choose it: AutoCount includes accounting, sales, purchasing, inventory, bank connections and financial reporting. Its Singapore offering also supports GST and InvoiceNow.

Limitation: Features and user allowances vary by plan and module.

11. Zoho Books

Best for: Startups and SMEs that want broad accounting features at a relatively low subscription cost.

Price: A free plan is available. Standard starts at S$18/month, or S$15/month when billed annually. Prices exclude local taxes. Paid plans include a 14-day free trial.

Why choose it: Zoho Books covers invoicing, expenses, bank reconciliation, GST tracking and financial reporting. It also supports PEPPOL e-invoicing and bank feeds.

Limitation: Some advanced features, including higher-level inventory capabilities, are limited to higher plans.

12. Jaz

Best for: Small businesses and self-employed users.

Price: Custom pricing. Contact Jaz for current pricing based on the plan and requirements.

Why choose it: Jaz handles invoicing, bills, bookkeeping, bank reconciliation, bank connections, multi-currency accounting and e-invoicing. It also supports Singapore's InvoiceNow and GST InvoiceNow.

Limitation: InvoiceNow and GST InvoiceNow are available on the Essentials plan with a minimum quarterly commitment. Singapore business and CorpPass details are also required.

13. Odoo

Best for: Businesses that want accounting, inventory, sales and other tools in one system.

Price: Odoo offers a free One App plan with unlimited users. Paid Standard pricing starts at US$24.90 per user/month when billed annually. The Custom plan costs US$49 per user/month when billed annually.

Why choose it: Odoo has accounting, invoicing, inventory, CRM, sales and HR tools. Its Singapore setup supports GST and SG BIS Billing 3.0 for e-invoicing.

14. SQL Account

Best for: Singapore SMEs that need accounting and invoicing, with inventory on the Pro plan.

Price: SQL Account Essential costs S$29/month, while Pro costs S$59/month. Additional users cost S$25/month.

Why choose it: SQL Account handles accounting, invoicing, sales, purchases, bank connections and reconciliation. Pro adds inventory, multiple currencies and advanced sales and purchase reports. Both plans support InvoiceNow and GST compliance.

Limitation: Inventory and multiple-currency features are only available on the Pro plan.

15. SAP Business One

Best for: Growing and established businesses that need financial management as part of an ERP system.

Price: SAP Business One uses custom pricing. The cost depends on the deployment, users, modules and business requirements, so businesses need to request a quote.

Why choose it: SAP Business One handles financial management, purchasing, inventory and order management.

How Aspire works with accounting software

Aspire is not a replacement for accounting or ERP software. It handles business spending, payments, corporate cards and expenses, while keeping these activities connected to the accounting system a business already uses.

Aspire integrates with platforms such as Xero, QuickBooks and NetSuite, giving finance teams a way to connect spending and payment data with their accounting records and reduce manual data entry. Businesses can keep their accounting software for financial records while using Aspire to manage spending, payments and expenses.

How to choose the right accounting software in 2026

With so many software options, it can get overwhelming. Here are the factors to keep in mind when choosing the most appropriate software for your company:

1. Match the software to your business size and complexity

Startups

Startups generally need invoicing, expense tracking, bank reconciliation and basic reporting. With lower transaction volumes, ease of use is usually more important than advanced automation.

Small and Medium Enterprises (SMEs)

As transaction volumes increase, SMEs may need GST reporting, automated bank reconciliation, multiple users and connections to payroll or inventory systems. External accountants may also need access to the software.

Large or scaling businesses

Larger businesses often need accounting software that connects with procurement, sales, inventory and customer data. At this point, an ERP may make more sense than standalone accounting software.

Hybrid or on-premise systems can give businesses more control over the system and data, but they require more IT resources and usually cost more to implement.

2. Compare software models

Businesses generally choose between cloud-based, on-premise and hybrid accounting software. Cloud-based software is hosted by the vendor and accessed online. On-premise software runs on the company's own servers, while hybrid systems combine the two.

Cloud software requires less in-house IT infrastructure. On-premise software gives the business more control but also leaves it responsible for maintaining the system. The right choice depends on the company's data requirements, IT resources, compliance needs, collaboration and budget.

Why InvoiceNow support matters when choosing accounting software in 2026

InvoiceNow is Singapore’s nationwide e-invoicing network, which lets businesses exchange structured invoices through the PEPPOL network.

Businesses covered by the GST InvoiceNow Requirement need accounting or finance software that can support the required e-invoicing processes. This makes InvoiceNow support an important factor when choosing accounting software in 2026, rather than just an optional feature.

However, “PEPPOL capable” and “InvoiceNow ready” do not necessarily mean that a platform supports every InvoiceNow workflow a business may need. Before choosing a provider, check which InvoiceNow features and workflows it supports and whether its solution has current accreditation from the Infocomm Media Development Authority (IMDA).

Checking the vendor’s current IMDA accreditation can help ensure the software is suitable for the business’s e-invoicing requirements.

3. Check compliance and essential features

GST reporting

The software should calculate GST accurately and provide the figures needed for GST F5 and F7 returns. GST returns can be filed through myTax Portal, while accounting software integrated with the relevant IRAS APIs may allow authorised taxpayers to validate and submit GST returns directly from the software.

Financial reporting for ACRA

Check whether the software can produce the financial statements required for the company's annual return. If the business needs to file simplified XBRL statements directly through its accounting software, confirm that the software has the required ACRA approval.

Data security and record keeping

Check for encryption, user access controls and regular backups. Businesses must also keep accounting records and supporting documents for the periods required under Singapore's record-keeping rules.

Multi-currency and integrations

Businesses that deal in foreign currencies should check how the software records foreign currency transactions and exchange rate adjustments. Connections to banking and payroll systems can also reduce manual reconciliation.

Regulatory updates

Check how the vendor handles changes to GST rates and reporting requirements and how quickly those changes are reflected in the software.

Final thoughts

Choosing accounting software in Singapore comes down to the size of the business, transaction volume, GST and InvoiceNow requirements, integrations and budget.

Startups may need basic accounting and invoicing, while SMEs often need stronger automation and GST support. Larger businesses may need ERP-level integration. The right accounting system should match the complexity of your finance operation, not just your current headcount. As transaction volumes, entities, currencies and approval workflows grow, finance teams need systems that can keep financial records accurate without creating more manual reconciliation work.

This is where Aspire can complement an existing accounting or ERP system. Aspire integrates with platforms such as Xero, QuickBooks and NetSuite, connecting spending, payments and corporate card activity with accounting records. This can help finance teams reduce manual data entry and keep financial processes connected as the business grows.