10 best accounting software in Singapore (2026)

Key takeaways:

• Choosing the right accounting software in Singapore depends on your business size, industry, and compliance needs.

• Cloud tools suit teams that work remotely or with external accountants. Desktop and hybrid options give you tighter control over data, and often fit businesses with in-house IT or complex inventory.

• Pair your accounting software with Airwallex for multi-currency accounts, corporate cards, and overseas bill payments, and sync every transaction back to Xero, QuickBooks, or NetSuite.

The right accounting software in Singapore can save your finance team days of manual work each month.

This guide compares 10 accounting software options used by Singapore businesses in 2026. For each, we compare pricing, features, GST and InvoiceNow readiness, and more.

Whether you're a growing SME, a multi-entity group, or somewhere in between, this guide will help you find the right accounting software.

10 best accounting software in Singapore

Here’s a quick overview of the 10 accounting software options most commonly used by Singapore businesses in 2026:

This information is based on publicly available information accessed on 6 Oct 2026. Information reflects Airwallex's own research and has not been independently verified.

Pair your accounting software with Airwallex to get multi-currency accounts, competitive FX rates that let you save up to 80% on FX fees, and bill payments that sync back into your books. Learn more about Airwallex Global Accounts or sign up now.

1. Xero

Xero is particularly well suited to Singapore SMEs that want established accounting software with a large local ecosystem of accountants, advisors and third-party integrations.

It is also a strong choice for businesses that expect to grow internationally, with more advanced accounting capabilities for multi-currency operations and built-in support for Singapore's InvoiceNow network. Xero's Singapore platform also supports GST F5 filing directly to IRAS.

Features:

• Cloud-based accounting with invoicing, bills, bank reconciliation and financial reporting

• Multi-currency accounting for businesses operating across currencies

• GST F5 preparation and filing directly to IRAS

• InvoiceNow support for sending and receiving e-invoices through the Peppol network

• Inventory tracking and management

• Cash-flow reporting, analytics and financial dashboards

• Integrations with a broad range of third-party business and accounting apps, including Airwallex

For more information, read our Xero accounting software review.

Information in this section is based on Xero’s official website as of 6 Oct 2026.

2. QuickBooks Online

QuickBooks Online is a good fit for small and growing Singapore businesses that want a well-established cloud accounting platform with a broad set of bookkeeping, invoicing, reporting and business management tools.

It is particularly suited to businesses that may need to expand beyond basic bookkeeping into inventory, project management or more detailed financial reporting. QuickBooks also has a native InvoiceNow e-invoicing experience in Singapore, pending IMDA accreditation.

Features:

• Cloud-based accounting for income, expenses, bookkeeping and bank reconciliation

• Custom invoices, quotes, recurring invoices and payment tracking

• GST tracking and tax-ready financial records for Singapore businesses

• Multi-currency support for invoices, transactions and reports

• Inventory tracking, purchase orders and sales orders

• Financial reporting, cash-flow planning and budgeting

• Native InvoiceNow e-invoicing

Information in this section is based on QuickBooks’ official website as of 6 Oct 2026.

3. ABSS Accounting

ABSS is a good fit for Singapore SMEs that prefer established accounting software with the option of a traditional on-premise setup or a newer cloud-connected version.

It is particularly suited to businesses with more involved inventory, multi-currency or multi-company requirements, while its Singapore-specific features cover local GST and InvoiceNow requirements.

Features:

• GST-compliant accounting with support for GST return preparation and IRAS submission

• Inventory management with multi-location tracking and stock reporting

• Multi-currency accounting for recording transactions and tracking realised and unrealised exchange gains or losses

• Invoicing, expenses, purchase orders, recurring transactions and job costing

• InvoiceNow and GST InvoiceNow support through ABSS Connect

• AI Scan OCR for capturing bills and receipts

• Cloud-connected features including dashboards, mobile access and integrated bank feeds on supported Connect products

Information in this section is based on ABSS’s official website as of 6 Oct 2026.

4. AutoCount

AutoCount is particularly well suited to Singapore SMEs and accounting firms that need accounting software with deeper inventory and operational accounting capabilities.

It works especially well for trading, distribution and other businesses that need to connect sales, purchases, stock and financial records rather than focusing only on basic bookkeeping. It’s available as both cloud accounting software and a more traditional desktop accounting system.

Features:

• Cloud-based accounting covering sales, purchases, accounts and inventory

• GST-compliant accounting and reporting

• Inventory and stock management, including multi-location capabilities

• Multi-currency accounting with foreign-currency transactions and exchange gain/loss calculations

• Bank feeds and automated reconciliation for supported banks

• Financial, inventory and management reporting with customisable reports

• InvoiceNow and e-invoicing support through its Singapore solution partner, DataPost

Information in this section is based on AutoCount’s official website as of 6 Oct 2026.

5. Zoho Books

Zoho Books is a strong option for Singapore businesses that want accounting software connected to a wider business software ecosystem.

It is particularly useful for growing businesses that need more than core bookkeeping, with modules and integrations covering areas such as inventory, projects, expenses and business automation.

Features:

• Cloud-based accounting with invoicing, bills, expenses, banking and reconciliation

• GST-compliant accounting with GST F5 return generation

• InvoiceNow connectivity for sending and receiving e-invoices through the PEPPOL network

• Multi-currency transactions and currency conversion

• Inventory, sales orders and purchase orders

• Project and time tracking, including project profitability

• Integrations with other Zoho applications and third-party business apps

Information in this section is based on Zoho Books’ official website as of 6 Oct 2026.

6. FreshBooks

FreshBooks is particularly well suited to freelancers, consultants, agencies and other service-based businesses that bill clients for their time and work.

Its strength is the close connection between project work, time tracking, client management and invoicing, making it a better fit for professional services than businesses that need extensive inventory or Singapore-specific tax workflows.

Features:

• Invoicing with recurring invoices, estimates, proposals and payment reminders

• Time tracking and project management for billable work

• Expense tracking with receipt capture and bank imports

• Client portal for invoices, payments, projects and collaboration

• Double-entry accounting, bank reconciliation and financial reporting

• Online payment collection through supported payment providers

• Mobile apps for managing invoices, expenses and other business tasks

Information in this section is based on Freshbooks’ official website as of 6 Oct 2026.

7. Jaz

Jaz is a Singapore-focused accounting platform built around automation and AI-assisted bookkeeping. It is particularly suited to small businesses and accounting practitioners that want to reduce manual data entry and reconciliation work while keeping accounting, invoicing and compliance workflows in one system.

Jaz is also an IMDA-accredited InvoiceNow-Ready Solution Provider (IRSP), making it relevant for Singapore businesses preparing for GST InvoiceNow requirements.

Features:

• Cloud accounting covering invoices, bills, journals, bank reconciliation and financial reporting

• AI-assisted transaction categorisation, extraction and matching

• Automated bank reconciliation and cash-flow management

• Multi-currency accounting with FX conversions and revaluations across 170+ currencies

• Inventory and fixed-asset management

• InvoiceNow and GST InvoiceNow support, including submission of invoice data to IRAS

• Mobile apps for invoicing, receipt capture, expense approvals and financial management

Information in this section is based on Jaz’s official website as of 6 Oct 2026.

8. Financio

Financio is a cloud accounting platform designed with Singapore and Malaysia businesses in mind. It is particularly suited to SMEs that want accounting, invoicing and local tax workflows in one system, without needing the broader ecosystem of a platform such as Zoho.

Features:

• Cloud-based accounting covering sales, purchases, expenses and general ledger

• Singapore GST-compliant accounting and reporting

• InvoiceNow support for Singapore businesses

• Multi-currency accounting and foreign-currency transactions

• Inventory management and stock tracking

• AI-powered receipt and document scanning

• Bank reconciliation and financial reporting

Information in this section is based on Financio’s official website as of 6 Oct 2026.

9. TallyPrime

TallyPrime is a good fit for Singapore SMEs that need accounting software with strong inventory and business operations capabilities, particularly trading, distribution and other businesses managing substantial volumes of stock and transactions.

It is also well suited to businesses that prefer a more traditional accounting system with detailed control over their financial records.

Features:

• Accounting for sales, purchases, expenses, journals and other transactions

• GST-compliant accounting and reporting for Singapore businesses

• Inventory management with multiple locations, stock groups and detailed inventory reporting

• Multi-currency transactions and foreign-currency accounting

• Bank reconciliation and bank statement management

• Financial statements, cash-flow reports and other business reports

• E-invoicing and InvoiceNow support for Singapore businesses

Information in this section is based on TallyPrime’s official website as of 6 Oct 2026.

10. Sage Intacct

Sage Intacct is best suited to growing and mid-sized businesses that need more advanced financial management than basic bookkeeping software typically provides. 

It is particularly useful for businesses managing multiple entities, currencies or more complex financial structures, as well as finance teams that need deeper reporting and automation.

Features:

• Cloud-based financial management and accounting

• Multi-entity and multi-currency accounting

• Accounts payable and accounts receivable management

• Bank reconciliation and cash management

• Financial reporting, dashboards and customisable reports

• Project accounting and expense management

• InvoiceNow e-invoicing through the Peppol network

Information in this section is based on Sage Intacct’s official website as of 6 Oct 2026.

Types of accounting software

Not all accounting software works the same way. The right configuration depends on how your team works, where your data lives, and how much control you want over your setup. Here's how the three main types compare.

Type 1: Cloud-based accounting software

Cloud-based tools run in your web browser and store data on the provider's servers. You and your accountant can log in from anywhere, on any device, and see the same up-to-date data.

This is the dominant model in Singapore today. Xero, QuickBooks Online, Zoho Books, Jaz, Financio, and Sage Intacct all fit here. Cloud tools usually include automatic updates, bank feed integrations, and built-in support for InvoiceNow and GST reporting.

Best for: businesses that want remote access, real-time collaboration with accountants, and minimal IT overhead.

Type 2: Desktop or on-premise accounting software

Desktop accounting software is installed on a local computer or server, with financial data stored locally or on the business's own infrastructure.

Depending on the product and setup, access may be tied to a specific device or business network, although some desktop products offer remote-access or cloud-connected options.

This setup can suit businesses that want greater control over their software environment, need offline access, or have specific data-management requirements.

ABSS Accounting and AutoCount Accounting offer desktop or on-premise options in Singapore.

Best for: businesses that prefer local software, need offline access, or have specific data-control requirements.

Type 3: Hybrid accounting software

Some accounting providers offer cloud versions of traditionally desktop-based software, giving businesses access to established accounting systems through the cloud while retaining workflows and features associated with their desktop products.

ABSS Connect and AutoCount Cloud Accounting fit this broader category. They can appeal to businesses moving from traditional desktop accounting to cloud-based access without switching to an entirely different accounting platform.

Best for: businesses moving from desktop accounting to cloud-based access while staying with a familiar accounting platform.

How to choose the right accounting software in Singapore

The right accounting software depends on your business size, compliance needs, and how well the software fits your existing finance stack. Here are the main factors to consider:

Your business size and stage

Choose software that matches your current operations. Small businesses may only need invoicing, bookkeeping and basic reporting, while growing SMEs may need multiple users, stronger reporting, inventory or multi-currency accounting.

Businesses with multiple entities or more complex operations may need a more advanced platform.

Singapore compliance

Check that the software supports the GST and InvoiceNow workflows your business needs. If you're GST-registered, look for GST F5 reporting and InvoiceNow support, particularly as Singapore's GST InvoiceNow requirements are being phased in.

Also check whether the provider is an IMDA-accredited InvoiceNow-Ready Solution Provider or connects through an accredited Access Point Provider.

Multi-currency and integrations

If you deal with overseas customers or suppliers, check whether the software supports multi-currency transactions and what is included in your plan. Also look for integrations with your bank, payment provider, payroll, inventory and other finance tools.

For example, Airwallex integrates with accounting platforms including Xero, QuickBooks Online and NetSuite, allowing transaction data to sync with your books.

Total cost

Don't compare software based on the headline monthly price alone. Check whether the features you need, such as multi-currency, inventory, additional users and expense management, are included or require higher-tier plans or add-ons.

Annual billing, GST, implementation costs and other add-ons can also affect the total cost.

Ease of use and accountant support

Consider who will actually use the software. If you work with an external accountant, choosing a platform they're already familiar with can make setup and ongoing bookkeeping easier.

Cloud-based platforms generally make remote access and collaboration easier, while desktop products may suit businesses that prefer local software and more control over their setup.

Spend less time reconciling transactions with Airwallex

Connect your accounting software to Airwallex to reduce the manual work involved in keeping your books up to date.

Instead of downloading statements and matching transactions manually, you can sync transaction data from your Airwallex account into supported accounting platforms. For example:

• Sync Airwallex account transactions, including payments, transfers and FX activity, with accounting platforms such as Xero, QuickBooks Online and NetSuite, so your financial records stay up to date without manual data entry.

• Keep card spending connected to your accounting records, with transaction and receipt data available for reconciliation.

• Keep your accounting and payment activity connected in one workflow, rather than moving transaction data between separate systems manually.

Frequently asked questions (FAQs)

What is the best accounting software in Singapore?

The best accounting software in Singapore depends on your business size, industry, accounting needs and compliance requirements. Xero and QuickBooks Online are popular cloud-based options for SMEs, while ABSS and AutoCount may suit businesses that need more advanced inventory capabilities or desktop software. For businesses affected by the GST InvoiceNow Requirement, check whether the software is an IMDA-accredited InvoiceNow-Ready Solution.

Do I need accounting software if I'm GST-registered?

Not necessarily, but you need to make sure your accounting and invoicing setup can meet your GST obligations. If your business is subject to Singapore's GST InvoiceNow Requirement, you must use an InvoiceNow-Ready Solution to transmit invoice data to IRAS through the InvoiceNow network. From 1 April 2026, this applies to all new voluntary GST registrants, while existing GST-registered businesses are being brought into the requirement progressively from April 2028 to April 2031.

How much does accounting software cost in Singapore?

Accounting software in Singapore ranges from free plans to S$90 per month or more for higher tiered plans. The total cost depends on the plan, number of users and features such as inventory, multi-currency accounting, payroll and expense management. Some businesses may also qualify for government support for eligible digital solutions.

Is accounting software PSG-eligible in Singapore?

Some accounting software solutions may be eligible for government support, but eligibility depends on the specific solution, vendor and grant programme. The Productivity Solutions Grant (PSG) ceased accepting new applications from 30 September 2026 and has been replaced by the EDGE Grant. Businesses should check the current government grant listings and eligibility criteria before choosing software based on funding support.

Can I connect my accounting software to my business account?

Yes, most cloud accounting software supports direct bank feeds from major banks and finance platforms. Airwallex Global Accounts feed into Xero, QuickBooks Online, and NetSuite, so your inflows, outflows, and FX conversions sync to your books automatically.

What's the difference between cloud and desktop accounting software?

Cloud accounting software runs in your browser, with data stored on the provider's servers and accessible from anywhere. Desktop accounting software is installed on a local computer, with data kept on your own hardware and access limited to that device or network. Cloud is the dominant model in Singapore today, but desktop and hybrid options still suit businesses with strict data control needs or in-house IT.

Sources:

1.  https://www.xero.com/sg/pricing/

2.  https://quickbooks.intuit.com/sg/pricing/

3.  https://sg.abssasia.com/pricing

4.  https://autocountsoft.com.sg/pro-cloud-acc.html

5.  https://www.zoho.com/en-sg/books/pricing/

6.  https://www.freshbooks.com/pricing

7.  https://www.jaz.ai/pricing

8.  https://financio.co/pricing

9.  https://www.waveapps.com/pricing

10.  https://www.sage.com/en-sg/shop/

11.  https://www.imda.gov.sg/how-we-can-help/nationwide-e-invoicing-framework

12. https://www.iras.gov.sg/taxes/goods-services-tax-(gst)/basics-of-gst/invoicing-price-display-and-record-keeping/adopting-invoicenow-for-your-business

13. https://www.iras.gov.sg/news-events/newsroom/iras-collected-s-100.81-billion-in-fy2025-26

14.  https://www.gobusiness.gov.sg/productivity-solutions-grant/