7 Best Payroll Software for Small Businesses in Singapore

Many companies outsource services to carry out administration tasks such as payroll, employee compensation, time and attendance, tax filing, insurance and benefits, and many more. However, outsourcing may be costly in the long run, especially for new and small businesses with less capital.

While these menial tasks are not complicated, it does take a lot of time and effort to record all the detailed activities. It makes more sense to have someone else do the job so business owners can focus more on growing the business.

This is where payroll software comes into the picture. Payroll software can be helpful for small businesses to handle in-house administrative tasks.

Benefits of subscribing to a payroll software for your business 

Payroll software hosts a wide variety of benefits for business owners including: 

• Automating tasks — Saves time cutting checks and filing taxes
• Reducing labour/outsourcing cost — Small-business payroll software can even eliminate the need for a full-time payroll employee
• Increasing accuracy — Eliminates the chances of human error
• Reducing risks — The risk of incurring penalties decreases as payroll software normally will remind you of the important deadlines

💡 Tips: Want to automate your invoice payments say goodbye to manual invoicing for good? Try it out with Aspire Bill Pay.

Top 7 Payroll Software for Small Business in Singapore

‍

There are many payroll software solutions available in the market. However, determining which is best for your business can be overwhelming. We have created a list of popular payroll software in Singapore and their prices, including ones that are completely free, as a guide to help you navigate your options.

1. Quickbooks

QuickBooks is an accounting software business primarily providing tools to help small businesses with all their accounting needs. Their range of products focus on on-premise accounting applications that allow users to make business payments, manage and pay bills and various payroll functions all in a single platform. 

QuickBooks Payroll Software Features: 

• Cash flow management
• Invoicing 
• Bookkeeping 
• Advanced accounting 

QuickBooks Payroll Software Pricing*:

• Core Payroll Plan: $22.50/month 
• Premium Payroll Plan: $37.50/month 
• Elite Payroll Plan: $62.50/month 
  

*last updated March 2021

‍

Companies that have used QuickBooks: 

• Ecoscapes 
• Clearly Blue Digital Content Marketing Agency
• Belong.Co Hiring & Recruitment Solutions

‍

💡 Tips: Did you know that you can connect your Aspire account with QuickBooks? Through this integration, users can manage invoicing, expense tracking, and accounting in one place.

2. Xero

If you own a small business, this may just be the ideal accounting software for you. Xero is a cloud-based accounting software geared towards helping small businesses thrive in their communities. With over 2 million subscribers and counting, Xero continues to be the accounting solution of choice for many global companies. 

Xero Payroll Software Features: 

• Real-time cash flow tracking 
• Online invoice payments 
• Bank reconciliation 
• Seamless payroll functions 

Xero Payroll Software Pricing: 

• Starter Plan: 10 USD/month 
• Standard Plan: 30 USD/month 
• Premium Plan: 40 USD/month 
  

*last updated March 2021

‍

Companies that have used Xero: 

• Anywhr 
• Boxgreen
• Garang Grill 
• Moovaz

‍

P.s. Did you know? Aspire became Xero’s first business neobank partner in Southeast Asia. Xero in on How You Can Grow Your Business with Aspire here!

‍

3. PayDay! SaaS

PAYDAY Software is a leading cloud-based online payroll and leave solution in Singapore. It was developed and designed for startups, entrepreneurs, business owners or accountants who have little or no experience in handling payroll. Moreover, it is most suitable for Singapore SMEs with fixed monthly payroll policies and less than 50 employees in their employment.

While they have various pricing packages based on the number of employees, they also offer a 30-day free trial to try out their features before committing to a monthly package. 

PayDay! SaaS Payroll Software Features: 

• Mobile payroll processing and management 
• Salary disbursement 
• Automated electronic payslips to employees 

PayDay! SaaS Payroll Software Pricing*:

• 1-5 employees: S$25 per Month
• 6-19 employees: S$30 per Month
• 11-20 employees: S$40 per Month
• 21-30 employees: S$50 per Month
• 31-40 employees: S$60 per Month
• 41-50 employees: S$70 per Month
• Monthly fee for 51 employees onwards S$70 + $1 per Employee per Month

*last updated March 2021

Companies that have used PayDay! SaaS:

• GentleBros
• Systemethod
  

4. JUSTLOGIN

JustLogin is an award-winning HR management software built for SME, by an SME. With an intuitive and user-friendly interface, users can access their company records easily and complete multiple functions in just a few clicks. For those who don’t want to commit just yet, JustLogin provides a free 14-day trial with no credit card details required. But if you’re ready to take the plunge, they have various pricing options that will cater to your budget. 

JustLogin Payroll Software Features Include:

• Unlimited custom pay elements 
• Auditing services
• Automated and digital payslips 
• Available reports and payroll data 

JustLogin Payroll Software Pricing*:

• Price: $5.00/user. However, can be more affordable depending on the number of employees
• JustPayroll (automated payroll service): S$5 per user
• JustClock (workforce tracking): $5 per user
• JustLeave (absence management): S$7 per user
• JustExpense (process claims): S$7 per user
  

*last updated March 2021

‍

Companies that have used JustLogin:

• Pandora
• Asus
• Bata
• Owndays

‍

5. SIMPLE PAY

SimplePay provides cloud-based payroll software solutions aimed at making the payroll process as simple and straightforward as possible. Currently, they are serving over 16,000 companies across the globe for their payroll processing needs. 

SimplePay Payroll Software Features Includes:

• Leave management
• All legislative updates when applicable
• Integrate with Xero and QuickBooks online

SimplePay Payroll Software Pricing*:

• S$4 per employee per month (fewer than 3 employees are charged as 3 employees)
• Each additional employee (over 25 employees) is charged at only S$3 each
  

*last updated March 2021

‍

Companies that have used SimplePay: 

• Atlantic Medical 
• Lumar Foods 
• Unboxed Consulting (UK)

‍

6. TALENOX (unlimited free plan available)

Talenox is a credible online payroll and HR software that is trusted by thousands of companies, banks, as well as statutory boards in the country. Through their cloud-based payroll system, users can access a wide range of functions such as one-click payment to banks, spreadsheet imports, and automated paycheck emails to employees. 

Talenox (Suite Plan) Payroll Software Features Includes:

• Updates on tax and leave requirements
• One-click-export to banks, CPF portal, and IRAS
• Data is auto-synced across all apps
• Customer support via in-app messaging

Talenox Payroll Software Pricing*:

• S$40 per month for the first 5 employees
• additional S$8 for each additional active full-time employee
• additional S$4 for each additional active part-time employee
  

*last updated March 2021

‍

Companies that have used Talenox:

• TecSurge
• Ninjavan
• Clubmeatballs

‍

7. SINGROLL (completely free payroll software for small business)

Singroll is a free payroll software that provides its users with itemised payslips and SME checklists and is considered to be one of the country’s best due to its affordability. Today, their software is being used by over 4,000 companies in Singapore alone. What’s more, is that there is an unlimited number of users and no grant application needed. 

Singroll provides a wide range of features including:

• Employees management
• Payroll
• Permits & Licenses
• CPF
• Reports
• System Setting
• Ticket
• Information updates from MOM, WDA, SPRING, and other organization

Companies that have used SINGROLL: 

• Architude
• United Capital Consultancy 
• InfoDrive Solutions 

‍

A lot of your time can be used to planning and growing the business instead of doing administrative tasks. Subscribing to a cloud-based payroll software can be very helpful in managing all the paper works for you. Find out the 3 things to consider when you're looking for cloud-based HR Software here.

‍

💡 Tips: Aspire users can exclusively receive 1% cashback on SaaS spend. Open an account to get started!

‍

Simplify all your payroll needs with Aspire

Instead of spending time on hefty administrative tasks, make the shift and tap into digital solutions such as payroll software to eliminate manual work once and for all. Not only will it help manage all your paperwork for you, but it will save you heaps of time that you can put towards planning and growing your business. To learn more, explore Aspire's pricing plans here.