Choosing the Right Accounting Software for Singapore SMEs
Accounting software isn’t just a back-office tool —
for Singapore SMEs, it’s the backbone of smooth operations and compliance.
Here’s how to pick the right one.
1️⃣ Why Do You Even Need Accounting Software?
✅ Simplifies bookkeeping
✅ Automates invoicing, payments, and payroll
✅ Generates financial reports for tax filings
✅ Helps you stay compliant with IRAS and ACRA requirements
Manual spreadsheets just can’t keep up.
2️⃣ What Features Should You Look For?
✅ GST tracking and reporting
✅ Multi-currency support (if you work internationally)
✅ Integration with banks and payment gateways
✅ Cloud-based access (so your team can log in remotely)
✅ Local compliance features for Singapore laws
3️⃣ Top Software Options in Singapore
⭐ Xero → popular with startups and SMEs, great integrations
⭐ QuickBooks Online → strong reporting features, affordable
⭐ MYOB → robust for inventory-heavy businesses
⭐ Financio → Singapore-built, tailored for local SMEs
4️⃣ How to Choose the Right Fit
✅ Consider your business size and needs
✅ Evaluate scalability (can it grow with you?)
✅ Check local support availability
✅ Ask if your corporate service provider (like Paperwork.sg) can integrate with it
5️⃣ Why Work With Paperwork.sg?
We:
✅ Help you set up the right accounting stack
✅ Integrate your software with our compliance systems
✅ Keep your books clean and your business future-proof