Zoho Books
Accounting
Xero
Accounting
Zoho Books vs Xero 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 | Zoho Books | Xero |
|---|---|---|
| SGD pricing (incl. 9% GST) | S$0/mo | S$39/mo |
| Free tier | Yes | Yes |
| PSG grant eligible | Checking | Yes — up to 50% |
| 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
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.
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.
Pros & cons — Singapore view
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
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)
Who should choose which
Choose Zoho Books if...
›Small Businesses
›SMEs (under S$50K revenue)
›Startups
›Freelancers
Choose Xero if...
›SMEs (PSG eligible)
›Growing small businesses
›Established businesses of all sizes
›Sole traders
Singapore FAQ
Is Zoho Books available in Singapore?
Yes, Zoho Books is listed as one of the accounting software options available for Singapore SMEs.
Does Zoho Books support SGD pricing?
Zoho Books is mentioned as offering pricing information specific to Singapore, though its base plan is stated as free.
Is Zoho Books PSG-eligible?
The provided search results do not explicitly confirm if Zoho Books is a pre-approved PSG solution, thus its eligibility is unconfirmed.
Is Zoho Books PDPA compliant?
The provided search results do not contain information regarding Zoho Books' PDPA compliance, so it is unconfirmed.
Want to explore each tool further?
Read our full Singapore reviews before deciding.