Accounting Software for Singapore Businesses

Accounting software can assist companies in saving money and time and help them streamline their processes. This article will review the top and most well-known accounting software available for purchase.

1. Sage

“HTML0” Sage is a renowned firm that offers accounting services to clients across the globe. With over 13,000 employees, they’ve assisted hundreds of entrepreneurs and business owners across 23 countries.

It is among the most renowned accounting software suppliers across Singapore. It provides training and services in many industries and fields, including management of businesses, people, and payroll, and much more.

Packages & Prices

Sage offers a single bundle named Sage Business Cloud Accounting. In addition, they offer an array of add-ons that are available to read about on their site.

The monthly cost is USD11.50 per month. However, you can get a discount when you pay for the first year in advance, and the price is USD 124.20. The plan is suitable for small-sized companies that quickly create invoices, process payments rapidly, and keep accounts.

You’ll be able to access the following options:

• Unlimited transactions
• Unlimited email assistance.
• Reports that include drill-downs
• Manage suppliers, customers, and other items.
• 1GB of storage
• 2. Users: 1. business
• Automated backups
• Processing of credit cards and bank accounts
• Pay by MasterCard or Visa.
• Area of Accountants

Integrations

There is no information on the integrations on the Sage website. Therefore, I would suggest contacting them directly for the most up-to-date details.

2. Xero

Xero was launched in 2006 and is among the fastest-growing accounting applications on the market. It was initially established in New Zealand and now has more than 2,500 employees around the globe, leading the cloud accounting industry across Australia, New Zealand and the UK.

They have served millions of customers throughout time and remain among the most sought-after options.

Xero has also been a member of a number of the largest banks and online payment providers, such as DBS, HSBC, OCBC Bank, Wise (formerly Transferwise) and UOB. This means that you will receive automated transaction updates directly from the bank into your Xero account each day.

Packages & Prices

Xero provides three packages:

• Premium: USD 40
• Standard: USD 30
• Starter: USD 20

This is the more sophisticated one that starts at USD 40 per month. With this plan, you are free to send invoices or quotes and bills, reconcile bank transactions, and manage different currencies.

The standard package is more straightforward and comes with all the advantages of the premium package, except that you are unable to make use of different currencies.

The starter package comes with a few limitations. You can only send five invoices, quotations, and bills. You can also enter five bills or reconcile 20 banking transactions.

Alongside the premium package, you can also avail the trial option for free for 30 days, including all of the premium packages’ features.

Integrations

Xero allows you to connect the account with various apps, such as Stripe, PayPal, Zapier, and Square as payment processors. For CRM, you may integrate with other software like HubSpot, Accelo, and Pipedrive.

3. EZ Accounting

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Easy Accounting is a renowned local software business in Singapore, established in 1999. Since its beginning, the company has provided IT services and accounting solutions for locals and foreigners alike.

The company mainly caters to SMEs who seek modern, trustworthy, and reliable service suppliers, as stated on their website. In addition, EZ Accounting is an IRAS (Inland Revenue Authority of Singapore) accredited business.

Packages & Prices

The name of EZ Accounting refers to a package. It was designed within Australia to cater to small and medium-sized companies (SMEs). EZ Accounting has not disclosed pricing information on their site, so you must contact them directly to inquire about pricing.

Integrations

EZ Accounting has not disclosed any details regarding the integrations you can create using the EZ Accounting service. This means that you need to get in touch with them directly to learn about available options.

4. GNUCash

GnuCash is a well-known, free accounting software that is accessible to all. The program is easy to operate and lets users monitor the balance of their bank account, stocks, and income and expenses. Additionally, the ability to use it as an account for your checkbook.

The program is built on accounting principles used by professionals to guarantee the accuracy of reports and balanced books.

The essential features of GnuCash include:

• Payroll management
• Bank reconciliation
• Tracking of expenses

Additionally, you can do:

• Double-Entry Accounting
• Stock/Bond/Mutual Fund Accounts
• Small-Business Accounting
• Reports, Graphs
• QIF/OFX/HBCI Import, Transaction Matching
• Scheduled Transactions
• Financial Calculations

You will find a wealth of guides and materials on the site to help you learn how to use the program.

Packages & Prices

As stated, the program is free.

Integrations

There’s no information about the available integrations on GnuCash’s site.

5. QuickBooks

QuickBooks is part of the vast American software company Intuit and was released in 2002. The software for accounting is targeted at small and medium-sized enterprises that can use their cloud-based versions and on-site applications to manage their accounting online.

Through QuickBooks, it will allow you to:

• Monitor your expenses
• Review your company’s performance
• Send and create business forms
• Efficaciously control your money flow

QuickBooks also works in partnership with Singaporean banks, such as DBS.

Packages & Prices

QuickBooks offers three packages in Singapore exactly as the same in Hong Kong:

• Simple Start Simple Start: $10 (original price: SGD 20)
• Essentials (original price SGD 15) (original price: SGD 30)
• Plus Prices: SGD 20 (original price: SGD 20)

Simple Start

Your employees can only utilize the cheapest plan to add to your account.

Essentials

In this package, you can add up to 3 users. In addition, you can include your accountant.

It is also possible to generate sales quotations, manage the payment of bills and manage transactions in various currencies.

Plus

In this particular account, you’ll be able to add up to 5 users and include your accountant. The Essentials package is like Essentials. It’s similar to the Essentials package; however, it also allows you to create purchase orders, monitor inventory, and keep track of the job’s profitability or project.

Integrations

It is possible to integrate QuickBooks with numerous programs and applications, including PayPal and Stripe, to name two.

6. HashMicro

HashMicro is an efficient online accounting software utilized by large corporations like DBS, Danone, Abbott, Hilti, and UOB. The company was created in 2015. However, it has overgrown and is now home to more than 250 customers and 250 staff members.

Their most admired item is called the Accounting Software for Enterprises, in which you can:

• Automated cash flow management
• Financial statement generation
• Bank reconciliation
• Journal entries
• Invoicing

For more details, I would suggest that you go to their website.

Pricing and Plans

HashMicro will only provide estimates based on requests and doesn’t provide any pricing information available on their site. You can reach them for a personal quotation.

Integrations

The same goes for the plans and pricing. You must inquire about integrations via the website.