- The best accounting package for small business depends on whether you want DIY accounting software or a done-for-you accounting service
- Online accounting packages like Xero or Zoho Books offer flexibility but require hands-on management
- Service-based accounting packages like Sleek reduce compliance risk and save time
- Choosing the right package early can help prevent filing errors later
When selecting accounting packages for small businesses, you need to decide whether you want accounting software or a service that manages bookkeeping and compliance for you.
That choice shapes how involved you are in day-to-day accounting and who is responsible when filing deadlines approach.
This guide is for Singapore’s small and medium-sized businesses that:
- Are deciding between accounting software and a fully managed accounting package
- Do not have a full-time in-house finance team
- Want clarity on pricing, compliance coverage, and accountability
It compares the best accounting packages for small businesses in Singapore so you can choose an option that fits your workload, growth stage, and budget.
What is the best accounting package for small business?
The best accounting package for small business depends on whether you want software-only tools (like Xero or Zoho Books) or a done-for-you service that includes bookkeeping and tax filing (like Sleek).
For Singapore SMEs that prioritise compliance accuracy and time savings, service-based accounting packages are often preferred.
How to choose the best accounting package for small business
Before comparing prices or providers, it’s important to clarify how much accounting work you want to manage yourself and what level of support your business requires.
1. DIY vs service-based accounting
- Online accounting packages provide software tools for invoicing, reporting, and reconciliation, but bookkeeping and filings are still managed by you or an external accountant.
- Service-based accounting packages handle bookkeeping requirements and statutory filings as part of the service, reducing the need for internal coordination.
2. Bookkeeping frequency
The right bookkeeping frequency depends on transaction volume and business activity:
- Yearly bookkeeping is typically sufficient for very small or dormant companies
- Monthly bookkeeping suits most active SMEs
- Weekly bookkeeping is more appropriate for high-transaction or scaling businesses
3. Scope of Singapore compliance
Confirm whether the accounting package covers the statutory requirements relevant to your business, such as:
- Unaudited financial statements
- Corporate income tax filing
- Quarterly GST filing (if GST-registered)
- XBRL report preparation, where applicable
4. Responsibility and accountability
Finally, understand who is accountable for accuracy and deadlines. With software-only packages, responsibility typically sits with the business or its appointed accountant.
We reviewed accounting packages for small businesses in Singapore by focusing on what matters most to founders: how much work you manage yourself, how compliance is handled, and whether the package scales as your business grows.
Pricing and popularity were not the main factors.
Best accounting packages for small businesses
Before diving into each option, here’s a quick comparison of the best accounting packages for small businesses in Singapore.
Provider | Type | Starting price (SGD) | Compliance included |
Service + software | From S$75/month | Yes | |
Xero | Software-only | From S$39/month | No |
Zoho Books | Software-only | Free / from S$18/month | No |
QuickBooks Online | Software-only | Free trial / from S$31/month | No |
ABSS | Hybrid | From S$349/year | No |
1. Sleek
Sleek offers done-for-you accounting packages designed specifically for Singapore SMEs. Instead of just software, you get bookkeeping, filings, and an assigned accountant, bundled into one plan.
Pricing (Singapore)
- Annual Filing & Bookkeeping: from S$75/month, billed annually
- Accounting Essentials: from S$77/month, billed annually
- Accounting Premium: from S$213/month, billed annually
What’s included
- Bookkeeping (yearly, monthly, or weekly, depending on plan)
- Annual tax return filing
- Unaudited financial statements
- Expense management software
- Sales invoicing
- Payroll, leave management, and Xero subscription (Premium plan)
- All bookkeeping and filings are handled by a dedicated accountant familiar with Singapore IRAS requirements
Best for
- Singapore SMEs that want stress-free compliance
- SMEs without an in-house finance team
- Founders who don’t want to manage bookkeeping themselves
- Businesses that want a single provider for accounting and tax filings
Limitations
- Less suitable for businesses that want full DIY control
- Not ideal for companies with in-house finance teams
2. Xero
Xero is a cloud-based online accounting package that provides tools for invoicing, bank reconciliation, reporting, and integrations. It is software-only and commonly used alongside external accountants or bookkeepers.
Pricing (Singapore)
- Starter: from S$39/month
- Standard: from S$70/month
- Premium: from S$95/month
What’s included
- Invoicing and quotes
- Bank reconciliation
- Bills and receipts capturing
- Financial reporting
- Multi-currency (Premium plan)
Best for
- SMEs that prefer DIY accounting
- Businesses working with external accountants
- Companies needing integrations with other tools
Limitations
- Does not include bookkeeping or tax filing
- Compliance depends on the business or accountant
3. Zoho Books
Zoho Books is a cost-effective online accounting package offering invoicing, expense tracking, and GST-related workflows for Singapore businesses.
Pricing (Singapore)
- Free plan available
- Paid plans from S$18/month
What’s included
- Invoicing and estimates
- Expense tracking and receipt uploads
- Bank feeds and reconciliation
- GST workflows
- InvoiceNow (PEPPOL) support on selected plans
Best for
- Budget-conscious SMEs
- Founders comfortable managing their own books
- Businesses with simple accounting needs
Limitations
- No accounting or tax filing services included
- Advanced features require higher-tier plans
4. QuickBooks Online
QuickBooks Online is a widely used cloud accounting software that offers automation, reporting, and scalability for growing businesses.
On the QuickBooks Singapore pricing page, Intuit references plans such as Simple Start, Essentials, and Plus, along with offer/discount terms and a 30‑day free trial for new users.
Pricing (Singapore)
- Free trial typically available
- Plans from S$31/month
What’s included
- Invoicing and expense tracking
- Automated bank feeds
- Financial reporting
- App integrations
Best for
- Growing SMEs
- Businesses familiar with QuickBooks
- Companies needing scalable accounting software
Limitations
- Local compliance workflows (such as XBRL preparation or end-to-end statutory filings) are not handled within the platform
- GST reporting may be supported, but GST filing would still require external submission and review
5. ABSS
ABSS (formerly MYOB) is a Singapore-based accounting solution offering both cloud-connected and on-premise accounting software, commonly used by local SMEs.
Pricing (Singapore)
- From S$349/year (ABSS Accounting Connect)
What’s included
- Accounting and bookkeeping software
- InvoiceNow-ready invoicing
- OCR receipt scanning (Connect plans)
- Optional on-premise deployment
Best for
- SMEs preferring Singapore-developed solutions
- Businesses transitioning from legacy systems
- Companies needing on-premise accounting options
Limitations
- Interface may feel dated compared to newer cloud tools
- Accounting services are not included
Pricing information in this guide is accurate as of 21 January 2026 and is subject to change. For the most up-to-date pricing, please refer to each service provider’s official website.
For consistency and ease of comparison, prices shown exclude temporary promotions, discounts, and limited-time offers, even where these may be available.
Service-based accounting packages vs software-only accounting packages
When comparing accounting packages for small businesses, the most important decision is whether you want accounting done for you or software to manage it yourself.
Service-based/done-for-you accounting package
A service-based accounting package is typically the better choice if:
- You’d rather buy time and compliance confidence, not just accounting software
- You want an assigned accountant with clear deliverables (bookkeeping frequency, tax filings, management reports)
- You want to reduce handoffs between spreadsheets, accounting tools, and external accountants
- You want one provider accountable for IRAS deadlines, filings, and accuracy
Typical example: Sleek
Service-based packages are especially popular among Singapore SMEs that prioritise peace of mind over operational control, particularly around tax and statutory compliance.
Online accounting software package
Software-only accounting packages may be a better fit if:
- You want full control and flexibility over bookkeeping
- You’re comfortable managing accounts internally or working with a separate accountant
- You have more complex workflows (inventory tracking, multi-currency, custom integrations)
- You prefer a platform-first approach that can scale with custom setups
Typical example: Xero
These online accounting packages work best when bookkeeping accuracy and compliance are actively managed in-house or by a professional advisor.
Why many SMEs choose Sleek for accounting packages in Singapore
As businesses grow, accounting often becomes more complex, with higher transaction volumes, GST requirements, and multiple filing deadlines. Managing this internally can quickly become time-consuming.
Sleek helps Singapore SMEs by:
- Assigning an accountant to handle bookkeeping and compliance
- Managing statutory filings with clear, defined deliverables
- Reducing the risk of missed deadlines or filing errors
For founders who want accounting handled end-to-end so it doesn’t compete with running the business, Sleek offers a practical way to manage accounting in Singapore.
Which accounting package is right for you? (Quick decision guide)
Once you know what level of support you need, this guide helps match your needs to the right type of accounting package.
- Choose Sleek if you want a service-based accounting package where bookkeeping, statutory filings, and compliance accountability are fully managed for you, with an assigned accountant and support that scales as your business grows.
- Choose Xero if you want a cloud accounting platform focused on reporting and integrations, and are comfortable managing bookkeeping and compliance yourself or through an external accountant.
- Choose Zoho Books if you want a budget-friendly online accounting package with transparent Singapore pricing and features such as GST workflows and e-invoicing (InvoiceNow / PEPPOL).
- Choose QuickBooks Online if you want a widely used cloud accounting software with automation features and scalability, and plan to handle bookkeeping and tax filings separately, either in-house or with an external accountant.
- Choose ABSS if you prefer Singapore-developed accounting software with options like InvoiceNow readiness, OCR scanning, or on-premise deployment, without bundled accounting services.
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FAQs on the best accounting packages in Singapore
What is the best accounting package for small business in Singapore?
The best accounting package depends on whether you prefer DIY software or a done-for-you service. For Singapore SMEs prioritising compliance and time savings, service-based packages like Sleek are often a better fit.
How much do accounting packages cost in Singapore?
Accounting packages in Singapore range from free or low-cost software subscriptions to S$200+ per month for fully managed packages that include bookkeeping, payroll, and statutory filings. Pricing depends on transaction volume, bookkeeping frequency, and the level of support required.
When should a business switch from accounting software to a service-based accounting package?
Businesses often consider switching when transaction volume increases, compliance becomes more complex, or accounting tasks start taking time away from core operations. Service-based accounting packages can help streamline bookkeeping and filings at this stage.
