Top 10 Accounting Software in Singapore 2026

Bookkeeping has always been a pain for most small business owners in Singapore. Excel sheets. Receipts stuffed in a shoebox. A frantic search for that shoebox every time a GST return fell due. Those days are coming to an end.

The reason is InvoiceNow. Since 1 November 2025, newly incorporated companies that register for GST voluntarily have had to send invoice data to IRAS through InvoiceNow. From 1 April 2026, every business applying for voluntary GST registration has joined them. For everyone else, IRAS has set a timeline that runs in phases from April 2028 to April 2031, ending with businesses whose annual supplies exceed S$4 million.

So the question becomes: which accounting software should you use? You want something that can manage your books, your 9% GST and your e-invoices without making you do the work twice.

Also Read: Top 10 Digital Wallets in Singapore 2026

Some tools already do this. Others need add-ons or a partner to get there. Prices go from free plans all the way up to enterprise contracts, and the right pick depends on how big your business is and how complex it gets.

We looked at what each product costs locally, what it offers for GST and InvoiceNow, and how big the company behind it is. This guide looks at the top 10 accounting software in Singapore for 2026, from cloud apps for freelancers to ERP systems for growing groups.

Why Singapore Businesses Are Upgrading Their Accounting Software

There are plenty of reasons to move from a spreadsheet or an old desktop setup, and compliance is now the biggest one.

InvoiceNow Is Becoming Mandatory

IRAS is phasing in the GST InvoiceNow requirement through 2031. If your software can’t send invoice data through the InvoiceNow network, you’ll need an Access Point provider, a free package from a solution provider or an upgrade. Choose an InvoiceNow-ready system now and you won’t have to migrate again later.

GST Filing Gets Easier

Singapore’s GST rate is 9%. Good accounting software applies the right tax code to each transaction and prepares your GST F5 figures straight from the ledger. That cuts the risk of manual errors before you file.

Live Bank Feeds Save Hours

Direct feeds from banks such as DBS, OCBC and UOB pull transactions into your books automatically. You simply match them to the right items, so reconciliation stops being a data-entry job.

Better Numbers for Better Decisions

With your books in the cloud, you and your accountant see the same real-time picture of cash, receivables and margins. Budgeting, fundraising and year-end work all move faster.

Top 10 Accounting Software in Singapore at a Glance

Top 10 Accounting Software in Singapore (2026)

Here’s our ranked list, with what each product does best and who should consider it.

1. Xero

Xero was started in Wellington, New Zealand, back in 2006 by Rod Drury and Hamish Edwards, and it trades on the Australian Securities Exchange. In its 2026 financial year, it reached 4.92 million customers, up 11%, and operating revenue of NZ$2.8 billion, up 31%. In Singapore, plans cost S$39, S$70 and S$95 a month, and every plan allows unlimited users.

Xero is one of the most popular accounting software choices among Singapore accountants. It offers direct bank feeds with DBS, OCBC and UOB, prepares GST reports, supports InvoiceNow e-invoicing through Peppol and connects to more than 1,000 apps. Accounting firm VJM Global lists it on the IRAS Accounting Software Register Plus. Xero also completed its US$2.5 billion purchase of US bill-pay platform Melio in October 2025. The only real downside: the Starter plan caps you at 20 invoices a month.

Key Accounting Solutions
✔ Automated bank reconciliation with local bank feeds
✔ GST reporting and InvoiceNow e-invoicing
✔ Unlimited users on all plans
✔ 1,000+ app integrations

Best for: SMEs and accounting firms that want a widely supported cloud ledger.

2. QuickBooks Online

QuickBooks Online is owned by Intuit, which Scott Cook and Tom Proulx founded back in 1983 and which is now based in Mountain View, California. Intuit’s revenue rose 14% to US$21.4 billion in fiscal 2026, and QuickBooks Online Accounting revenue grew 23%. In Singapore, Simple Start costs S$31 a month, Essentials S$57, Plus S$79 and Advanced S$124.

QuickBooks is great for everyday tasks like invoicing, expense tracking, bank feeds and reports. It tracks GST, handles multiple currencies on Essentials and above, and supports Peppol e-invoicing, so it’s InvoiceNow-ready. VJM Global lists QuickBooks Online on the IRAS Accounting Software Register Plus. The Advanced plan allows up to 25 users, giving growing teams room before they need an ERP.

Key Accounting Solutions
✔ Invoicing and expense tracking
✔ GST tracking and InvoiceNow support
✔ Multi-currency from the Essentials plan
✔ Up to 25 users on Advanced

Best for: Small businesses that want a familiar, easy-to-learn cloud system.

3. ABSS

ABSS, short for Asian Business Software Solutions, was formerly known as MYOB Singapore. Its desktop products, such as ABSS Accounting and ABSS Premier, are familiar to many local SMEs and their bookkeepers. According to 2026 price comparisons, the cloud-connected Accounting Connect costs S$349 a year and Premier Connect costs S$499 a year.

If you’re happy to work in a desktop program, ABSS could be the one for you. VJM Global lists ABSS at Tier 1 on the IRAS Accounting Software Register Plus, and its Connect versions add Peppol network integration for InvoiceNow. ABSS Premier is listed among Productivity Solutions Grant solutions on GoBusiness. The company also launched Financio, a separate cloud product for micro and small businesses, in 2017.

Key Accounting Solutions
✔ GST reports and InvoiceNow e-invoicing
✔ Desktop ledger with cloud-connected options
✔ Perpetual licenses or annual Connect plans
✔ Multi-user Premier edition

Best for: Established SMEs that like desktop accounting with InvoiceNow support.

4. Zoho Books

Zoho Books comes from Zoho, a privately held software company headquartered in Austin, Texas, with its international headquarters in Chennai, India, and its APAC headquarters in Singapore. Zoho says more than 120 million users rely on its products. On 6 August 2025, it launched a Singapore edition of Zoho Books, priced from S$18 a month per organization, plus a free plan.

The Singapore edition produces IRAS-ready GST F5 returns and calculates your taxes automatically. At launch, it could receive B2B e-invoices over Peppol, and Zoho’s Singapore site now advertises sending and receiving e-invoices via InvoiceNow. It also works with Zoho’s CRM, inventory and expense apps. Note that VJM Global says Zoho Books is not on the IRAS Accounting Software Register Plus, so you may want to double-check your GST figures.

Key Accounting Solutions
✔ IRAS-ready GST F5 returns
✔ Peppol and InvoiceNow e-invoicing
✔ Free plan for very small businesses
✔ Integration with the wider Zoho suite

Best for: Cost-conscious startups and businesses already using Zoho apps.

5. AutoCount

AutoCount is a Malaysian software company that went public on Bursa Malaysia’s ACE Market on 9 May 2023 and is working on a transfer to the Main Market. It posted record FY2024 revenue of RM60.45 million, up 45.7%. Malaysia made up 86.9% of that, and Singapore is named as one of its regional growth markets. Its Singapore cloud plans run from S$43 to S$98 a month, subject to GST.

AutoCount combines accounting and stock control in one system, which suits trading, distribution and retail firms. In Singapore, it handles GST and is InvoiceNow-ready through its local solution partner, DataPost. AutoCount accounting systems are listed under the Productivity Solutions Grant on GoBusiness, and UOB features it among its business digital solutions.

Key Accounting Solutions
✔ GST and InvoiceNow support
✔ Integrated inventory and stock control
✔ Cloud plans from Basic to Accountant
✔ Accounting systems listed under PSG on GoBusiness

Best for: Trading and retail SMEs that need accounting plus inventory.

6. Financio

Financio is a cloud accounting product that ABSS launched in 2017 for micro and small businesses in Singapore and Malaysia. The Essentials plan costs S$20 a month and Premier costs S$30 a month, and both come with unlimited users. That makes Financio one of the most affordable local options on this list.

Financio handles GST and e-invoicing, and 2026 comparisons note native Peppol integration for InvoiceNow. It has been offered through bank digital programs, including DBS’s former Start Digital package, and UOB lists it among its business digital solutions. Its simple interface suits owners who do their own bookkeeping and find bigger international platforms too much.

Key Accounting Solutions
✔ GST-compliant invoicing and reporting
✔ InvoiceNow e-invoicing via Peppol
✔ Unlimited users on all plans
✔ Expense tracking and mobile access

Best for: Micro businesses and sole proprietors on a tight budget.

7. SQL Account

SQL Account is made by E Stream Software, a Malaysian company that says more than 320,000 companies use its software, backed by more than 400 service centers in Malaysia. Its products include SQL Account, SQL Payroll and SQL Business Suites. In Singapore, Essential costs S$29 a month and Pro costs S$59 a month, with extra users at S$25 a month.

SQL Account supports GST and InvoiceNow, and SQL Account Version 5 is listed under the Productivity Solutions Grant on GoBusiness. It brings accounting, inventory, point of sale and payroll under one roof, which helps if you’re juggling several systems. Newer features include AI-based OCR to capture documents.

Key Accounting Solutions
✔ GST and InvoiceNow support
✔ Accounting, inventory and POS in one suite
✔ Add-on SQL Payroll
✔ AI-based OCR document capture

Best for: SMEs that want an all-in-one accounting and operations suite.

8. Jaz

Jaz is a Singapore-based cloud accounting platform built for businesses and the accountants who serve them. It is an IMDA-accredited InvoiceNow-Ready Solution provider, which helps as the GST InvoiceNow rules reach more businesses. Recent price comparisons list a free plan, with paid plans such as Essentials at S$40 a month.

Jaz is all about automation. It uses AI to pull data from invoices, supports multiple currencies with automatic FX revaluation, and speeds up bank reconciliation with auto-matching. Accountants get role-based access, comments and notifications for working with clients, and a mobile app handles receipts and approvals. Jaz has also teamed up with corporate card provider Aspire to connect spending data to the books.

Key Accounting Solutions
✔ InvoiceNow-ready e-invoicing
✔ AI invoice data extraction
✔ Multi-currency with FX revaluation
✔ Collaboration tools for accounting firms

Best for: Accounting firms and multi-currency SMEs that want automation.

9. Oracle NetSuite

Oracle NetSuite began in 1998 as one of the first cloud business software companies, and Oracle completed its purchase of NetSuite on 7 November 2016. NetSuite says it has more than 44,000 customers. Pricing depends on your business and is only available by quote.

NetSuite covers financial management, ERP and commerce in one cloud system, which suits Singapore companies running several entities or currencies. Its Southeast Asia Localization SuiteApp adds Singapore tax invoice and credit note templates that carry the minimum details IRAS requires. It also supports customer accounting for sales of prescribed goods above S$10,000 to GST-registered customers. Check with your implementation partner on how you’ll connect to InvoiceNow.

Key Accounting Solutions
✔ Multi-entity, multi-currency financials
✔ IRAS-compliant tax invoice templates
✔ GST customer accounting support
✔ Integrated ERP and commerce

Best for: Fast-growing and multi-entity companies outgrowing SME software.

10. SAP Business One

SAP Business One is SAP’s ERP for small and midsize businesses. Alongside accounting and financials, it covers purchasing, inventory, sales, CRM and reporting, and it integrates with SAP HANA for analytics. Pricing comes by quote from SAP partners.

If you need to manage stock alongside your general ledger, it’s a good fit for manufacturing, distribution and trading businesses in Singapore. GST returns come from its own tax reporting. But SAP Business One has no built-in Peppol capability, so you’ll need a third-party add-on and an Access Point provider to connect to InvoiceNow. Budget for that when you plan a rollout.

Key Accounting Solutions
✔ Full financials with general ledger, payables and receivables
✔ Inventory and purchasing control
✔ Built-in CRM and business intelligence
✔ InvoiceNow via partner add-ons

Best for: Manufacturers and distributors that need a full ERP.

How to Choose the Right Accounting Software Partner in Singapore

The best accounting software in Singapore for your business is the one that fits your size, your compliance needs and the people who’ll use it every day.

Check InvoiceNow Readiness

See whether the product is on IMDA’s list of InvoiceNow-Ready Solutions, or ask the vendor how it connects you to the network. Then find your own date. Voluntary registrants are already covered, and existing GST-registered businesses join in phases from April 2028 to April 2031, depending on their annual supplies.

Confirm GST Reporting

Does it give you your GST F5 figures in an IRAS-friendly format? The IRAS Accounting Software Register Plus is a useful place to start checking which products meet IRAS requirements.

Match the Tool to Your Complexity

A freelancer probably doesn’t need an ERP. A group with several entities may outgrow a starter app quickly. Think about users, currencies, inventory and entities two or three years ahead.

Look at Bank Feeds and Integrations

Will it connect to your bank? Software that syncs with your bank, payroll, payments and sales platforms saves the most time. Ask for a demo using your own bank.

Check Grant Eligibility and Total Cost

Several products, including ABSS, AutoCount and SQL Account, have been listed under the Productivity Solutions Grant. Check GoBusiness for current support before you buy, and get the full cost picture, including add-ons, extra users and implementation.

Frequently Asked Questions About Accounting Software in Singapore

Which accounting software is best in Singapore?

There’s no single best for everyone. It depends on your business. Xero and QuickBooks Online suit most cloud-first SMEs, ABSS suits those who want to stay on desktop, Financio and Zoho Books suit tight budgets, and Oracle NetSuite or SAP Business One suit more complex operations.

When do I need to use InvoiceNow?

It depends on your GST registration. Newly incorporated companies registering voluntarily have been covered since 1 November 2025, and all new voluntary registrants since 1 April 2026. New compulsory registrants and existing GST-registered businesses with annual supplies of S$200,000 or less follow from 1 April 2028. Larger businesses are phased in after that, with the last phase on 1 April 2031.

Is there free accounting software in Singapore?

Yes. Zoho Books offers a free plan, and Jaz lists a free plan too. Keep in mind that free tiers have limits, so check the GST and InvoiceNow features before relying on one.

Can I keep using desktop accounting software?

Yes, as long as it meets IRAS requirements and can connect you to InvoiceNow when your phase starts. ABSS, for example, offers Connect versions of its software with Peppol integration.

Conclusion

There are plenty of options when choosing accounting software in Singapore. But with InvoiceNow rolling out through 2031, it’s now a compliance decision as much as a productivity one. The safest picks already handle GST reporting and e-invoicing without workarounds.

Start with your size and your InvoiceNow date, shortlist two or three products from this list, and test them with your own bank and data. The right accounting software in Singapore will save you hours every month and keep your GST filings clean.

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