In Singapore, keeping your books clean isn’t just good practice — it’s the law. With IRAS (Inland Revenue Authority of Singapore) keeping a close eye on tax compliance, choosing the right accounting software is critical.
The good news? IRAS has approved and listed several cloud accounting tools under its Accounting Software Register (ASR). These tools meet Singapore’s tax and GST filing requirements — making it easier for business owners to stay compliant, accurate, and audit-ready.
Here’s a look at the best IRAS-approved cloud accounting software to consider in 2025:
1. Xero
Overview: A global favorite among SMEs, Xero is known for its clean interface, automation features, and strong integrations.
Why it’s great for Singapore:
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IRAS ASR-approved
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Supports GST reporting and IRAS-compliant invoice formats
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Seamless bank feed integrations (DBS, OCBC, UOB)
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User-friendly for non-accountants
Best for: Startups, e-commerce, and growing SMEs
2. QuickBooks Online
Overview: QuickBooks is widely used worldwide and offers robust functionality for businesses of all sizes.
Why it’s great for Singapore:
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IRAS ASR-listed version available
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Built-in GST tracking and customizable tax codes
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Real-time financial dashboards
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Strong mobile app for business owners on the go
Best for: Freelancers, small businesses, and service providers
3. Zoho Books
Overview: Part of the Zoho suite, Zoho Books is a budget-friendly yet powerful accounting tool with full cloud capabilities.
Why it’s great for Singapore:
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IRAS ASR-compliant
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Automatic GST calculations and F5 report generation
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Localized features tailored for Singapore businesses
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Affordable monthly plans
Best for: Budget-conscious SMEs, freelancers, and tech-savvy teams
4. Sage Accounting
Overview: Sage is a global leader in accounting and ERP solutions, offering cloud-based options tailored for compliance and control.
Why it’s great for Singapore:
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IRAS-compliant version available
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Strong audit trail and reporting tools
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Well-suited for businesses with more complex operations
Best for: Established SMEs, professional services, and growing companies
5. Autocount Cloud Accounting
Overview: While Autocount is more known in Malaysia, their Singapore version is IRAS-listed and gaining traction locally.
Why it’s great for Singapore:
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ASR-approved software
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GST-compliant invoicing and reports
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Designed with local business practices in mind
Best for: Retailers, wholesalers, and businesses familiar with Autocount desktop versions
Why Use an IRAS-Approved Software?
✔️ Compliant with GST Regulations
✔️ Supports GST F5 Filing
✔️ Reduces Errors in Tax Reporting
✔️ Speeds Up Audit Preparation
✔️ Eligible for Government Grants (e.g., PSG)
Final Thoughts
Cloud accounting is no longer optional — it’s the foundation of a modern, compliant business in Singapore. By choosing an IRAS-approved tool, you’re not only meeting regulatory standards but also unlocking automation, real-time reporting, and smoother audit trails.
Whether you’re a solo founder or running a fast-growing SME, investing in the right cloud accounting software makes tax season a breeze — and gives you more time to grow your business.
Check out our website at https://ebos-sg.com/ to explore more articles and discover how our Cloud Accountant Services can support you on your business.
