20 Popular Accounting Software in Singapore [2024]
Choosing the right accounting software is crucial for businesses of all sizes, as it directly impacts financial management, efficiency, and compliance. In Singapore’s vibrant business landscape, there’s a plethora of options available to cater to diverse needs. To help you navigate through the choices, we’ve compiled a list of 20 popular accounting software in Singapore based on their features, suitability, and user reviews.
1. Ace Accounts
Website: Ace Accounts
Features: Mobile-based, cloud computing, AI-powered OCR technology
Best For: Small businesses, freelancers, self-employed
Estimated Price: Starting from NETT $16.98 SGD/month
Online Reviews: 139 GetApp Reviews (Average rating: 4.5/5.0)
Ace Accounts stands out as the first mobile-based accounting software in Singapore, offering convenience and ease of use. With its AI-powered OCR technology, data entry becomes a breeze, making it ideal for users without accounting experience.
2. Intuit QuickBooks Online
Website: QuickBooks
Features: Cloud accounting, customized invoices and quotes
Best For: Small businesses
Estimated Price: Starting from $199.99 USD per year
Online Reviews: 78 G2 Reviews (Average rating: 4.4/5.0)
QuickBooks offers off-the-shelf software solutions tailored to the needs of small and medium-sized businesses, with robust support and a user-friendly interface.
3. Sage
Website: Sage
Features: Sage UBS, Sage Payroll, Sage 300 Solutions, Sage X3
Best For: Small businesses
Estimated Price: Starting at USD$12.00 per month
Online Reviews: 51 g2 Reviews (Average rating: 4.3/5.0)
Sage provides dedicated accounting solutions for SME, emphasizing tailored support and integrated accounting, payroll, and payment systems.
4. ABSS
Website: ABSS
Features: DBS Bank Feeds, InvoiceNow
Best For: Owner operators
Estimated Price: Basic package starts from $424 SGD
Online Reviews: 3 Facebook Reviews (Average rating: 5.0/5.0)
Ideal for owner-operators, ABSS Accounting simplifies sales and purchase processes while offering secure DBS bank account integration.
5. Wave
Website: Wave
Features: Customizable invoice software, Wave Payments Network
Best For: Entrepreneurs, SMEs
Estimated Price: Free
Online Reviews: 1197 SoftwareAdvice Reviews (Average rating: 4.4/5.0)
Wave offers a free accounting software solution with invoicing, accounting, and receipt scanning capabilities, making it ideal for startups and small businesses.
6. Smart Cursors
Website: Smart Cursors
Features: Multi-currency platform, cash flow manager
Best For: SMEs and large enterprises
Estimated Price: Custom pricing
Online Reviews: 158 Media One Marketing Reviews (Average rating: 4.9/5.0)
Smart Cursors prioritizes productivity tools and offers a cash flow management system suitable for SMEs and large enterprises.
7. Highnix
Website: Highnix
Features: Highnix Enterprise Resource Planning (ERP), enhanced inventory and sales management, Peppol e-invoice
Best For: SMEs, micro enterprises, new startups
Estimated Price: SaaS License starts from $90 per month
Online Reviews: 158 MediaOne Marketing Reviews (Average rating: 4.9/5.0)
Highnix focuses on productivity tools tailored to SMEs, micro-enterprises, and startups, offering secure encryption and seamless integration capabilities.
8. Zoho Books
Website: Zoho Books
Features: Third-party integrations, end-to-end accounting, customizable invoice
Best For: Variety of business sizes
Estimated Price: Starting from $10 USD per month
Online Reviews: 90 G2 Reviews (Average rating: 4.5/5.0)
Zoho Books stands out for its extensive third-party integration capabilities, making it suitable for businesses of varying sizes.
9. Xero
Website: Xero
Features: Bank connections, multi-currency accounting
Best For: Small businesses
Estimated Price: Starting from $33 SGD/month
Online Reviews: 157 Google Reviews (Average rating: 4.8/5.0)
Xero is a widely acclaimed cloud-based accounting software known for its user-friendly interface and robust features. It offers various packages tailored to businesses at different stages of development.
10. Freshbooks
Website: Freshbooks
Features: Credit feature, cloud-based hosting
Best For: Freelancers, businesses with employees or contractors
Estimated Price: Starting from $139.50 USD per year
Online Reviews: 643 G2 Reviews (Average rating: 4.5/5.0)
Freshbooks is praised for its user-friendly interface and professional invoice features, catering to freelancers and businesses of varying sizes.
11. Netsuite
Website: Netsuite Project Accounting
Features: Integration with Netsuite products, revenue recognition management solution, billing management
Best For: Mid-sized businesses
Estimated Price: Base license costs $999 per month
Online Reviews: 811 SoftwareAdvice Reviews (Average rating: 4.0/5.0)
NetSuite’s financial management solution offers real-time access to live financial data, making it ideal for managing accounting needs in mid-sized businesses.
12. Taxdome
Website: Taxdome
Features: Personalized support, weekly new feature releases
Best For: Businesses of varying sizes
Estimated Price: TaxDome Lite from USD$25 per month
Online Reviews: 2083 GetApp Reviews (Average rating: 4.7/5.0)
TaxDome is an all-in-one cloud-based solution for tax practice management, offering personalized support and regular updates.
13. Odoo
Website: Odoo
Features: Smart reconciliation tool, invoicing
Best For: Medium-sized enterprises
Estimated Price: US$ 490.00 for a learning package
Online Reviews: 51 G2 Reviews (Average rating: 4.3/5.0)
Odoo is an open-source alternative with strong support community and numerous integration capabilities, making it suitable for medium-sized enterprises.
14. Aspire
Website: Aspire
Features: Advanced expense and receipt pass-throughs, integrated invoicing and reconciliation
Best For: Medium to large enterprises
Estimated Price: $1,000 per month
Online Reviews: 8 Facebook Reviews (Average rating: 5.0/5.0)
Aspire offers a comprehensive suite of business management solutions, including accounting and payroll integration, ideal for medium to large enterprises.
15. Financio
Website: Financio
Features: Bank integration, dashboard charts and reports
Best For: SMEs
Estimated Price: $15/month
Online Reviews: 2 Capterra Reviews (Average rating: 4.5/5.0)
Financio is an IRAS-approved multilingual cloud accounting software with features tailored for the Singapore market, making it ideal for SMEs.
16. Tally Accounting
Website: Tally Accounting
Features: Accounting without codes, unified ledgers
Best For: Businesses of varying sizes
Estimated Price: TallyPrime Silver S$900
Online Reviews: 139 SoftwareAdvice Reviews (Average rating: 4.5/5.0)
Tally Accounting offers a range of accounting features suitable for businesses of all sizes, with scenario management capabilities for reporting.
17. Zipbooks
Website: Zipbooks
Features: Smart features, Invoice Quality Score
Best For: Businesses of varying sizes
Estimated Price: Free starter package
Online Reviews: 96 SoftwareAdvice Reviews (Average rating: 4.5/5.0)
Zipbooks offers a user-friendly interface and seamless integration with various applications, making it suitable for businesses of all sizes.
18. Plooto
Website: Plooto
Features: Plooto Capture, international payment service
Best For: Small businesses
Estimated Price: $25 a month
Online Reviews: 215 SoftwareAdvice Reviews (Average rating: 4.4/5.0)
Plooto offers accounts payable and receivable solutions with easy setup and competitive transactional fees, making it ideal for small businesses.
19. Autocount
Website: Autocount
Features: AutoCount Cloud Payroll, AutoCount Accounting, AutoCount Point of Sale
Best For: Businesses of varying sizes
Estimated Price: $17/month
Online Reviews: 2 G2 Reviews (Average rating: 5.0/5.0)
AutoCount offers affordable cloud-based Payroll with HR elements and comprehensive training options, making it suitable for businesses of all sizes.
20. Melio
Website: Melio
Features: Free basic features, credit card payments
Best For: Small businesses
Estimated Price: Free for basic features
Online Reviews: 126 SoftwareAdvice Reviews (Average rating: 4.0/5.0)
Melio offers free vendor/bill payment solutions with credit card payment options, maximizing cash flow for small businesses.
Accounting Digital Transformation:
From mobile-based solutions like Ace Accounts to established names like Xero and Sage, the array of popular accounting software in Singapore offers something for every business need. Whether you’re a freelancer, SME, or large enterprise, finding the right accounting software can streamline your financial management processes and propel your business towards success.
Accounting digital transformation has revolutionized audit services processes in several ways, enhancing efficiency, accuracy, and overall effectiveness. Here are some ways accounting digital transformation helps audit services process:
- Automation of Routine Tasks: Digital transformation automates many manual and repetitive tasks in the audit process, such as data entry, reconciliation, and report generation. This automation reduces the time and effort required for these tasks, allowing auditors to focus on more complex and value-added activities.
- Access to Real-Time Data: Digital tools enable auditors to access real-time financial data from various sources, including accounting software, ERP systems, and cloud-based platforms. This real-time access allows auditors to perform more timely and proactive audits, identifying issues and risks as they arise rather than after the fact.
- Data Analytics and Visualization: Digital transformation enables auditors to leverage advanced data analytics and visualization tools to analyze large volumes of financial data quickly and effectively. These tools allow auditors to identify patterns, trends, and anomalies in the data, leading to more insightful audit findings and recommendations.
- Remote Auditing: Digital tools facilitate remote auditing, allowing auditors to conduct audits from anywhere with an internet connection. Remote auditing reduces the need for physical presence on-site, saving time and travel costs while also improving audit efficiency and flexibility.
- Enhanced Collaboration: Digital transformation promotes collaboration among audit teams and with clients through cloud-based platforms, communication tools, and document management systems. These collaboration tools enable auditors to work together seamlessly, share information and documents in real-time, and communicate effectively with clients throughout the audit process.
- Improved Risk Management: Digital tools provide auditors with better visibility into potential risks and issues within the audit process. Through predictive analytics and risk assessment models, auditors can identify areas of concern early on and take proactive measures to mitigate risks and strengthen controls.
- Enhanced Security: Digital transformation enhances the security of audit data and information through encryption, access controls, and secure cloud-based platforms. These security measures help protect sensitive financial information from unauthorized access, ensuring confidentiality and compliance with regulatory requirements.
Conclusion:
Overall, accounting digital transformation empowers audit services with advanced tools and technologies that streamline processes, improve efficiency, and deliver greater value to clients. By embracing digital transformation, audit firms can stay ahead of the curve and meet the evolving needs of today’s dynamic business environment.
Find a mid tier accounting firm in Singapore like AG Singapore to help with your company digital transformation.
