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Singapore Accounting Software
Choosing the right accounting software for your business is a huge decision. It’s crucial that you find one that suits your needs and budget, while also being compatible with other programs or devices you use regularly. We’ve compiled reviews of Singapore’s best accounting softwares to help make this process easier for you!
1. Highnix
Highnix provides startups and small businesses on the island with a range of accounting systems as well as cloud-based enterprise resource planning software. It aims to reduce accounting procedures and speed up company operations.
Highnix is compliant with the most stringent government standards, which is something that you should know about Highnix. Its systems have been verified by the Inland Revenue Authority of Singapore and include automatic reminders to pay your tax obligations. Another benefit SMEs appreciate about its accounting software is how well it integrates with third-party programs, allowing businesses with several departments to exchange information seamlessly, resulting in less data errors.
If you want a faster and shorter payment cycle for your business, Highnix is the ideal accounting program. Peppol ID registration and a Dynamic Paynow QR Code are included in its accounting systems. Furthermore, you can use it on any operating system: Linux, Windows, or MacOS. You may also log in from your smartphone, tablet, and other mobile gadgets.
| Key Features | PSG pre-approved full cloud ERP System With two types of license plans With security and data backup Works with Windows, Linux, and macOS |
| Website | https://www.highnix.com/ |
| Price | SaaS License starts from $90 per month. With inventory management starts at $120 per month. Permanent license ERP starts from $4,040 with government subsidies. |
2. Sage
Sage has received a number of prestigious accolades from prominent business executives due to its award-winning business solutions that manage accounting operations effectively. It earns a spot on this list for two primary reasons.
Sage, on the other hand, caters to both small and medium-sized companies. Instead of providing the same accounting software to both, Sage created separate accounting and payroll systems suited to their particular requirements instead.
Second, its user-friendly accounting software is built to minimize the administrative burden on small companies so that workers can devote more time to brand development.
Lastly, Sage’s accounting software offers a user-friendly interface and several capabilities, making it ideal for small and medium enterprises.
| Key features | Unlimited transactions Automatic backups Works on any devices Affordable subscriptions |
| Website | https://www.sage.com/en-sg/ |
| Price | Starting from $12 per month |
3. Xero
Xero is a cloud-based accounting software that can automate all of your company activities, providing complete accuracy and security. Here are some more reasons why it made the list:
With Xero, it’s now possible to send invoices, track projects, manage payroll, and make purchases with one click from your smartphone. The days of handling all business activities on your personal computer are long gone.
Xero allows you to connect to the invoicing network established by the Infocomm Media Development Authority of Singapore, which will help your company have a healthy and regular cash flow. This will speed up and simplify your billing process.
The final benefit of this accounting software is that it includes up-to-date calculations for an easy IRAS tax submission, taking the burden off you to compute your own taxes. This is why among Singapore’s most liked accounting programs, many local enterprises trust them.
| Key features | 24/7 online customer support User-friendly interface |
| Website | https://www.xero.com/sg/ |
| Price | Starting from $20 per month |
4.FreshBooks
FreshBooks was founded in 2003 and has since risen to become a popular accounting software in Singapore and across the world. It boasts 24 million users from over 160 countries, which demonstrates how reputable it is.
FreshBooks was created for freelancers and self-employed professionals in mind, unlike most accounting programs, which are designed for start-ups or large businesses. There are low-cost accounting packages that can be used by contract workers.
The program, among other things, has project management, invoicing, time tracking, double-entry accounting, and proposal software. It includes bespoke accounting plans that allow users to add extra features to their operations.
If you want a payment solution that will save time, there’s no better alternative than FreshBooks. You may receive your payment 11 days sooner through credit cards, eliminating the need to chase after clients for checks.
Additionally, FreshBooks is a cloud-based accounting software that helps you manage your financial and administrative details in one convenient location. FreshBooks also connects with more than 100 apps to make managing your business operations easier.
| Key features | Budget-friendly plans 30-day guarantee 50% on the first three months |
| Website | https://www.freshbooks.com/ |
| Price | Starting from $6 per month |
5.ABSS (Previously known as MYOB)
ABSS is a Singapore-based accounting software that has helped organizations of all sizes streamline their operations and increase employee efficiency. Previously known as MYOB South Asia, ABSS is one of the most popular accounting programs in Singapore, assisting small and medium-sized enterprises in simplifying their daily activities.
ABSS has remained the most popular choice for Singapore businesses of all kinds due to its user-friendly design, multi-user functionality, adaptability, and compatibility with any operating system.
It’s affordable accounting software that you can use for anything. Whether you’re a small or large business owner, a freelancer accountant, sales manager, or self-employed professional, you’ll find that it has everything you need.
It’s not subscription-based accounting software, compared to our other entries. You’ll have to pay for its license, which starts at $680 and goes up to $1900, making it a great option if you’re looking for a lifelong software license.
| Key features | Lifetime license User-friendly interface |
| Website | https://www.smetechsg.com/ |
| Price | Starting from $680 |
6. Smart Cursors
Smart Cursors is a cloud-based accounting software that costs under $50 per month to use. It’s best suited for multi-entity businesses, although it also has accounting systems that are appropriate for single entity firms.
When it comes to multi-entity organizations, Smart Cursors provides a simple way to manage financial interactions across several entities through a single platform. Given that you’re all using the same accounting solution, you’ll be able to stay in touch with other departments less frequently.
Smart Cursors’ customer management platform, on the other hand, allows your staff to access real-time data on customers invoices, credits, discounts, and receipts.
Users can also use the add-on context-based analytics dashboard to get real-time data on consumers, suppliers, and bank balances and transactions. These dashboards provide your team with valuable information that allows them to make more informed judgments.
| Key features | Multiple entities in a single platform Multi-currency platform |
| Website | https://smartcursors.com/ |
| Price | $30 to $100 per month |
7. Autocount Accounting
Autocount Accounting, a firm founded 20 years ago, has been assisting local companies in transforming time-consuming business processes into an efficient and convenient streamlined procedure by providing them with accounting software.
The AutoCount POS is the most popular accounting software for Autocount Accounting, which is designed for small and medium-sized businesses in the retail and food and beverage industries. It’s a system that combines inventory management, sales, purchasing, and other accounting functions.
When it comes to tax-related actions, business owners have nothing to be concerned about because they are in compliance with statutory requirements. There will also be a comprehensive list of tax codes accessible at all times.
Lastly, there’s also dedicated customer support that can answer all your questions immediately, any time of the day.
| Key features | Dedicated customer support Extensive service network Competitively priced packages |
| Website | https://autocountsoft.com.sg/ |
| Price | Contact them to find out more |
8.QuickBooks
Quickbooks is a suite of accounting programs that aids small and large companies in managing their cash, tracking inventory, and gaining business insights all in one place. For two key reasons, we added it here.
First, it’s one of the most inexpensive accounting software for small companies in Singapore, with a price range from $11.50 to $23.54 per month.
Second, all accounting plans, regardless of tier, offer important capabilities that all firms need to improve their operations on a daily basis, such as tracking expenditures and unlimited invoices.
One of the most popular features of Quickbooks is that it comes with organized categories, which makes finding a specific transaction easy. Users can easily cam every right as every expenditure is kept in a cloud database.
Quickbooks can handle your accounting requirements whether you’re just getting started in business or considering whether to grow it.
| Key features | Flexible plans Affordable accounting software Provides free customer support |
| Website | https://quickbooks.intuit.com/ |
| Price | Starting from $11.50 to $23.54 per month |
9. Bevootech
Bevootech is a software company that develops accounting solutions for corporate clients. It offers a variety of business software, but its accounting program stands out the most.
For one, it’s IRAS-certified software that’s primarily intended for accounts and inventory management, making it simpler for small companies to keep track of costs and stocks.
Apart from that, it features a user-friendly design with functionalities that are simple for anybody to comprehend, so even those who aren’t technically savvy will be able to utilize it.
However, it isn’t the most affordable accounting software on the market, coming in at more than $3,000 for a license. It’s not subscription-based software, so you’ll have access to it as long as your company is operational.
| Key features | IRAS-accredited User-friendly interface Lifetime license Multiple accounting features |
| Website | https://bevootech.com/ |
| Price | $3,509 |
10.SkyBiz Financial
SkyBiz Financial is a powerful accounting tool that can be used by everyone on your team. It’s been named one of Singapore’s most user-friendly accounting programs, so we’re not letting it pass us by.
The main drawback of most accounting software is that users spend more time learning how they work than actually using them. However, this won’t be an issue with SkyBiz Financial because its capabilities may be learned by anybody in a matter of minutes.
This accounting software will guarantee that you’re always in the know when it comes to financial records. Sales report, supplier purchase, inventory, income statements, and accounts payable are just a few of the reports it generates.
It’s not the most beautiful accounting software on the market, but it may assist customers in accomplishing more with its straightforward and minimalist design. Customers have reported an increase in productivity since they started using SkyBiz. Furthermore, It can also be used on your smartphone or tablets, making it easier for you to track finances and manage inventory even without a computer.
| Key features | Cloud-based accounting Reasonable pricing User-friendly interface No complicated features |
| Website | https://skybiz.id/ |
| Price | Starting from $49 per month |
11. Axxis Consulting’s SAP Business One
Axxis Consulting provides SAP Business One for managing small and medium-sized enterprises. It offers a variety of services suited to running a firm.
SAP Business One’s accounting capabilities not only handle your finances, but they may also reduce them. It offers real-time financial reports and analyses, which are useful for corporate planning and audit inspections.
The program has been certified by the IMDA for Peppol E-Invoicing, enabling payments to be made faster and easier. SAP Business One by Axxis Consulting is an accounting software you should not overlook because of its many features and benefits.
| Key features | Offers a wide range of services Leading-edge technology solutions A diverse set of customers United CARs Platinum Partner |
| Website | https://axxis-consulting.com/sap-business-one/ |
| Price | Contact Company to find out more |
12. 361 Degree Consultancy
One of 361 Degree Consultancy’s initiatives to achieve such success is provide their customers with a wide range of value-for-money solutions and software. Some of these services are human resources, inventory, marketing, finance, and accounting among others.
The company’s unique features include personalized and localized support in order to assist buyers to manage their chosen goods on their own someday, providing efficient customer service.
| Key features | More than 13 years of experience Full set of outsourcing services Reliable record keeping |
| Website | https://361dc.com/ |
| Price | Contact for my information |
13. Oci System
The Oci Systems is a firm that aims to assist small and medium-sized enterprises with their office job procedures. They do so by providing simple-to-use and efficient solutions for work.
The accounting program that they use, on the other hand, is incredibly powerful and flexible. It supports a variety of applications for small businesses to use in their everyday operations. For example, it includes features like sales, purchasing, and data management.
You may access it at any time and from anywhere, so you won’t have to worry about any accounting difficulties. More significantly, it is completely secure to use because of its strong data security features.
| Key features | Nationwide E-Invoicing Framework ASR Compliance Free 1 hour One to One Consultation |
| Website | https://www.ocisystem.com |
| Price | Contact company for more information |
Singapore Accounting Software
And that’s the end of our list! Choosing the right accounting software is an important company decision that can greatly affect the progress and of your company. Therefore, with the list we have compiled for you, We really hope that you found a glimpse of what you’re looking for in an accounting software from the detailed explanation we have provided.
If you enjoyed what you read, please do consider catching up on our other articles as well!
