Xero
Accounting
Zoho Books
Accounting
Xero 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 | Xero | Zoho Books |
|---|---|---|
| SGD pricing (incl. 9% GST) | S$39/mo | S$0/mo |
| Free tier | Yes | Yes |
| PSG grant eligible | Yes — up to 50% | Checking |
| PDPA compliant | No | No |
| SG / APAC data centre | Not confirmed | Not confirmed |
| GST / InvoiceNow ready | No | No |
| PayNow / local bank feeds | No | No |
| CPF payroll support | No | No |
| SkillsFuture eligible | No | No |
Stackd verdict
Xero
Singaporean SMEs can significantly benefit from Xero's PSG eligibility, reducing the cost of digitalizing their financial management with a reliable, cloud-based accounting platform.
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
Xero
Pros
+Eligible for PSG with up to 50% funding
+Supports multiple currencies
+Advanced reporting and performance dashboards
+Bulk reconcile transactions
Cons
–Optional modules for expenses and projects add to cost
–Starter plan limits invoices and bills, potentially insufficient for growing businesses
–Starter plan limits invoices (20) and bills (5)
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 Xero if...
›SMEs (PSG eligible)
›Growing small businesses
›Established businesses of all sizes
›Sole traders
Choose Zoho Books if...
›Small Businesses
›SMEs (under S$50K revenue)
›Startups
›Freelancers
Singapore FAQ
Is Xero available in Singapore?
Yes, Xero has a dedicated Singapore website (xero.com/sg), offers pricing in SGD, and participates in Singapore's Productivity Solutions Grant (PSG) program.
Does Xero support SGD pricing?
Yes, Xero's pricing plans are clearly listed in Singapore Dollars (SGD) on its Singapore website.
Is Xero PSG-eligible?
Yes, Xero accounting software is eligible for the Productivity Solutions Grant (PSG), offering up to 50% funding support for eligible SMEs in Singapore.
Is Xero PDPA compliant?
The provided search results do not explicitly state whether Xero is PDPA compliant.
Want to explore each tool further?
Read our full Singapore reviews before deciding.