MYOB
Accounting
Zoho Books
Accounting
MYOB vs Zoho Books in Singapore — which is right for your business?
Both are accounting tools used by Singapore businesses. Here is a side-by-side comparison covering SGD pricing, PSG eligibility, PDPA compliance, and local context to help you decide.
Singapore-specific comparison
| Criterion | MYOB | Zoho Books |
|---|---|---|
| SGD pricing (incl. 9% GST) | S$4800/mo | S$0/mo |
| Free tier | No | Yes |
| PSG grant eligible | Yes — up to 50% | Checking |
| PDPA compliant | No | No |
| SG / APAC data centre | Not confirmed | Not confirmed |
| GST / InvoiceNow ready | Yes | No |
| PayNow / local bank feeds | No | No |
| CPF payroll support | Yes | No |
| SkillsFuture eligible | No | No |
Stackd verdict
MYOB
MYOB is a recognised accounting solution for Singaporean SMEs, providing a viable option for businesses looking to leverage government grants like PSG to digitalise their accounting processes, with implied support for local regulatory requirements.
Zoho Books
The free plan offers a cost-effective entry for Singaporean micro-SMEs, but businesses must conduct due diligence to confirm its specific support for critical local requirements like GST filing and InvoiceNow readiness.
Pros & cons — Singapore view
MYOB
Pros
+PSG eligible for up to 50% subsidy on qualifying costs
+Listed as a pre-approved accounting solution for SMEs
+Supports financial management and potentially GST/CPF filing for Singapore businesses
Zoho Books
Pros
+Free plan for businesses with revenue up to S$50K
+Scalable with user add-ons (from $3/user/month)
+Assists with compliance headaches and late invoicing
+Indefinitely free for low revenue (under S$50K)
Cons
–Specific paid plan pricing not detailed in search results
–PSG eligibility unconfirmed
–Singapore-specific compliance (e.g., GST, InvoiceNow) not explicitly confirmed for Zoho Books itself
Who should choose which
Choose MYOB if...
›SMEs (PSG eligible)
›Startups
›Businesses needing financial management
Choose Zoho Books if...
›Small Businesses
›SMEs (under S$50K revenue)
›Startups
›Freelancers
Singapore FAQ
Is MYOB available in Singapore?
Yes, MYOB is listed as an accounting solution for Singaporean SMEs and is eligible for the Productivity Solutions Grant (PSG).
Does MYOB support SGD pricing?
The typical PSG grant amount for MYOB is listed in SGD (S$2,400-S$6,000), implying its cost is structured in SGD for Singaporean users.
Is MYOB PSG-eligible?
Yes, MYOB is explicitly listed as a PSG-eligible accounting solution under the 'Accounting' category.
Is MYOB PDPA compliant?
The provided search results do not specify if MYOB itself is PDPA compliant.
Want to explore each tool further?
Read our full Singapore reviews before deciding.